Recap 2025: Women Leaders Who Redefined India's Business Landscape

By: WE Staff

As 2025 comes to a close, we look back at women’s achievements throughout the year. In this article, we talk about five of the most impactful women leaders of 2025. From building high-value companies to scaling up businesses globally, these women leaders have achieved great business success in 2025 and are looking to continue the momentum in 2026. 

They say success is a long game, but in 2025, Indian women in business made it feel like the rules had shifted entirely. The year began under the weight of global uncertainty and cautious investor behaviour, yet as the months unfolded, it was women leaders who stepped forward with clarity and conviction. They guided companies through high-stakes IPOs, secured substantial funding rounds, expanded into new markets, and delivered growth in periods when many sectors were simply trying to hold their ground. Their strategies were precise, their risks calculated, and their results showed how strong leadership can generate its own momentum even in volatile times.

Across the board, women-led enterprises reported sharper financial discipline, stronger balance sheets, and more resilient business models. After a 38% funding decline in 2023 and only a mild rebound in 2024, 2025 marked a turning point for India’s startup ecosystem. Women-led ventures captured nearly 18% of late-stage funding rounds, up from 11% the previous year, signalling a deeper shift in investor confidence.

Public markets echoed the same trend. Companies led by women entered the bourses with valuations higher than their last private raises, helping drive India’s most active new-age IPO cycle since 2021. Consumer brands helmed by women recorded an impressive 22% average revenue growth, significantly above the retail sector’s overall 14%.

Even in tightly regulated industries like fintech, women-driven firms achieved more than 30% annual revenue growth. Meanwhile, women-led companies in the flexible workspace and services sector saw operating income rise close to 25%, powered by India’s rapid move toward distributed work models.

Recognising this powerful momentum, the Women Entrepreneurs Review Team highlights five women leaders whose headline-making leadership helped reshape the business landscape in 2025.

Falguni Nayar: Nykaa

Falguni Nayar, the visionary founder of Nykaa, has redefined India’s beauty and lifestyle retail landscape with her pioneering omnichannel model. Under her leadership, Nykaa has grown into one of the country’s most trusted consumer brands and a global case study in digital-first retail success.

In 2025, Falguni Nayar led Nykaa through aggressive expansion and strong financial growth, opening 50 new stores and bringing total outlets past 250. Revenue grew 24% to nearly Rs 8,000 crore, while Q2 net profit surged 154% year-on-year. Nykaa expanded internationally with Kay Beauty in the UK and acquired Earth Rhythm to strengthen wellness offerings. Her leadership, focus on AI, and strategic initiatives reinforced Nykaa’s market dominance and her influence in India’s startup ecosystem.

Ruchi Kalra: OfBusiness & Oxyzo

Ruchi Kalra, co-founder of OfBusiness and CEO of Oxyzo, has emerged as one of India’s most influential fintech and SME-lending leaders. Her data-driven approach has helped build two of the country’s fastest-scaling, profitability-focused financial enterprises.

In 2025, Ruchi Kalra gained attention for steering OfBusiness toward a potential $750 million–$1 billion IPO and driving Oxyzo’s strong performance. Under her leadership, Oxyzo raised $62.4 million in debt, saw a 17% net-profit rise, and delivered 34% revenue growth, while OfBusiness projected Rs 20,000 crore in operating revenue. Recognized in Forbes Asia’s Power Businesswomen 2025 list, she solidified her reputation as a leading force in B2B lending and fintech.

Isha Ambani: Reliance Retail & RCPL

Isha Ambani, Director at Reliance Retail and RCPL, drives strategic growth and innovation across India’s consumer and retail businesses. She is recognized for her leadership in scaling operations, integrating technology, and shaping investor-focused business strategies.

In 2025, Isha Ambani led a major restructuring at Reliance Retail and RCPL, consolidating all consumer brands under a single entity for a sharper strategy and scale. She oversaw massive expansion, with over 2,000 new stores planned annually, pushing the total beyond 19,000 outlets, while online channels gained momentum. Under her leadership, in-house brands grew strongly, international exports began, and ambitious financial targets were set, positioning the companies for long-term growth and global presence.

Meghna Agarwal: IndiQube

Meghna Agarwal, CEO of IndiQube, has transformed the company into one of India’s leading flexible-workspace and managed-office solutions providers. She focuses on scalable growth, operational efficiency, and building recurring-revenue business models in the evolving real-estate services sector.

In 2025, Meghna Agarwal led IndiQube through a highly successful Rs 700-crore IPO, oversubscribed 13 times, while expanding its managed-workspace footprint to 115 centers across 15 cities. Recognized by Fortune India and Forbes W-Power for her leadership, she became one of India’s richest women startup founders. Under her guidance, IndiQube reported record quarterly revenues and strategically deployed IPO proceeds for further growth, solidifying her reputation as a pioneering leader in flexible workspaces.

Upasana Taku: MobiKwik

Upasana Taku, co-founder of MobiKwik, has played a key role in scaling the fintech platform into a leading digital payments and financial services company. She focuses on driving product innovation, revenue diversification, and a disciplined path to profitability in India’s competitive fintech landscape.

In 2025, Upasana Taku stood out for her leadership at MobiKwik, driving fintech growth, financial inclusion in Tier 2/3 cities, and innovation in digital lending and insurance. She continued to guide the company post-IPO (SEBI-approved in late 2024), achieving significant user growth and profitability. Recognized in Fortune India’s “100 Most Powerful Women” and appointed VP of the Unified Fintech Forum, she solidified her position as a key innovator in India’s fintech landscape.