Varun Alagh Net Worth: Bio, Birth, Career, Education and More

Varun Alagh, an Indian entrepreneur, gained prominence as the co-founder of Mamaearth, one of India’s pioneering toxin-free cosmetics brands. Renowned for his success at a youthful age, Varun’s journey in entrepreneurship and personal life unfolds below.

Birth, Early Career, and Education

Varun Alagh, born in 1984 in Gurgaon, Haryana, hails from a family where his father owns a printing factory, while his mother is employed at the Bank of Baroda. Information regarding Varun’s siblings remains undisclosed.

After completing his higher secondary education in Gurgaon, Varun pursued a Bachelor of Engineering from Delhi College of Engineering (2001-2005). Subsequently, he obtained a Post Graduate Diploma in Business Management from XLRI Jamshedpur (2005-2007).

Career

Initial Work: Hindustan Unilever & Beyond:

Post his post-graduate diploma, Varun commenced his professional journey as a Business Leadership trainee at Hindustan Unilever Limited (2007). A year later, he assumed the role of Area Sales Manager in Delhi NCR for the same company.

In 2010, Varun was promoted to the position of Area Sales & Customer Manager in Delhi, serving for a duration of 9 months. In 2011, he transitioned to the role of Regional Brand Manager of Innovations-South Asia.

In 2012, Varun resigned from Hindustan Unilever Limited and joined Smirnoff as their Senior Brand Manager for a year. Following this, he joined Coca-Cola as its Brand Manager, later earning a promotion to Senior Brand Manager in 2016.

The Genesis of MamaEarth:

The birth of their son, Agasthya, revealed that he suffered from Eczema, a skin disease, due to sensitivity to toxins. This propelled Varun and his spouse, Ghazal Alagh, to source non-toxic skincare products from abroad through relatives and friends. Faced with the hassle of this process, Varun began crafting skincare products at home, leading to the inception of Honasa Consumer Pvt. Limited (MamaEarth).

In the fiscal year 2017, the company recorded revenue of INR 22.19 lakhs. Subsequently, in the following two fiscal years, MamaEarth’s revenue surged to INR 112 Crore and INR 500 Crores, respectively.

Additional Endeavors:

Building upon their success in skincare, Varun and Ghazal Alagh launched another brand, The Derma Co., under Honasa Consumer Pvt. Limited, focusing on skin and hair care products. In 2021, they introduced their third brand, Aqualogica, under the same umbrella.

The Dynamic Duo: Varun Alagh and Ghazal Alagh

Beyond entrepreneurship, Varun garners attention for his marriage to business personality Ghazal Alagh. Childhood sweethearts and former neighbors, they tied the knot in 2011, blessed with two children, Agasthya Alagh and Aayan Alagh.

Varun Alagh’s Net Worth

MamaEarth boasts an estimated net worth of 250 Crores, with a company valuation of INR 6000 Crores. Varun Alagh’s personal net worth stands at INR 120 Crores.

Lesser-Known Facts About Varun Alagh

1. Ghazal Alagh, eight months pregnant, served as one of the judges on Shark Tank India Season One.
2. In his leisure time, Varun enjoys traveling and playing sports.
3. He follows a non-vegetarian diet.
4. Varun Alagh’s Instagram boasts over 28.7K followers, offering glimpses into his family life.
5. Varun underwent a hair transplant, sparking conversations on social media, with some users teasing him and others congratulating him.
6. Varun Alagh indulges in alcohol consumption.