Sugar Cosmetics CEO Vineeta Singh Net Worth: Bio, Career, Awards and Achievements

Indian businesswoman Vineeta Singh, renowned as the co-founder of Sugar Cosmetics, has garnered immense popularity worldwide, with her brand winning accolades within the fashion industry. Not only an entrepreneur, she also holds the esteemed position of judge on India’s celebrated reality show, Shark Tank India. Vineeta’s journey to her current standing has been marked by diligent effort, serving as an inspiration to numerous female entrepreneurs aspiring to carve their own paths. Her prominence in India prompts many to search for “who is Vineeta Singh,” eager to delve into her career and life.

Biography

Vineeta Singh, born in Delhi in 1983, emerged from a background deeply influenced by her father, Tej Singh, a dedicated scientist at the prestigious Indian Institute of Medical Science. Educated at Delhi Public School, R.K. Puram, Vineeta pursued her graduation in Electrical Engineering from the Indian Institute of Technology Madras in 2015, followed by an MBA from IIM Ahmedabad in 2017.

During her academic journey, Vineeta honed her skills through internships at ITC Ltd and Deutsche Bank. In 2012, she embarked on her entrepreneurial path, co-founding Fab Bags, and later assumed the role of CEO at Sugar Cosmetics, propelling it to prominence in the Indian makeup industry.

Married to her post-graduate classmate, Kaushik Mukherjee, Vineeta shares the helm of Sugar Cosmetics with him, earning them the moniker of the “Ironman Couple” online. The couple is blessed with two sons, Ranveer and Vikrant.

Net Worth

Vineeta Singh’s net worth is a subject of intrigue owing to her entrepreneurial prowess. Her primary income stream stems from Sugar Cosmetics, which accounts for a substantial portion of her estimated annual earnings, ranging between Rs. 14 to 15 crore.

Reports indicate that Sugar Cosmetics has consistently generated significant revenue, surpassing INR 22 crores annually. The brand’s international expansion over five years propelled its revenue to INR 104 crores in 2020, marking a 15% growth. Vineeta Singh’s net worth trajectory illustrates a steady rise, reaching $9.1 million in 2022.

Salary

With her principal income derived from Sugar Cosmetics, Vineeta Singh commands a monthly salary ranging from INR 1 to 1.3 crore, translating to an annual income of approximately Rs. 22 crores. Additionally, her role as a judge on Shark Tank India supplements her earnings, with a reported salary of INR 5 lakh per episode.

Career

Vineeta Singh’s entrepreneurial journey commenced at 17, undertaking internships at ITC Ltd and Deutsche Bank before assuming directorship at Quetzal Online Private Limited. In 2012, she ventured into beauty and grooming with Fab Bags, paving the way for the establishment of Sugar Cosmetics in 2015.

Despite encountering setbacks, including failed ventures and rejecting a lucrative job offer, Vineeta persevered, steering Sugar Cosmetics to unparalleled success. The brand’s rapid growth positioned it as India’s fastest-growing beauty brand, boasting over 2500 outlets across 130 cities and a net worth nearing INR 300 crores.

Other Awards and Achievements

Beyond her entrepreneurial pursuits, Vineeta is a fitness enthusiast and accomplished athlete, garnering accolades in academics and sports alike. Recognized as India’s young business leader by The Economic Times and hailed as the most powerful woman in India by Forbes, Vineeta’s influence extends to various platforms, including her participation in the esteemed program, ‘Kon Banega Crore Pati (KBC).’