Ghazal Alagh Co-Founded Honasa Consumer in 2016
Ghazal Alagh is co-founder and chief innovation officer of Honasa Consumer Limited, the Gurugram company that owns Mamaearth. She started the business in 2016 with Varun Alagh, who is its CEO, and she sits on the company’s board. Her remit covers product innovation, consumer communities and new brands.
| Role | Co-Founder and Chief Innovation Officer |
|---|---|
| Company | Honasa Consumer Limited |
| Headquarters | Gurugram, India |
| Industry | Consumer Goods |
| In role since | 2016 |
| Education | Bachelor’s degree in Information Technology; Panjab University; Modern Art and Design, New York Academy of Art |
| Company website | honasa.in |
From Corporate Trainer to Beauty Brands
- Corporate trainer at NIIT, teaching SQL, J2ME and Oracle to managers and engineers at IT companies
- Worked as an artist after studying modern art and design at the New York Academy of Art
- 2016: co-founded Honasa and led the concept for Mamaearth, its first brand
- Led work on later brands, including The Derma Co, Aqualogica, BBlunt, Dr. Sheth’s and Staze
- Judge on the first season of Shark Tank India
- 2022: Honasa reached a $1.2 billion valuation
- November 2023: Honasa listed on the BSE and NSE
Mamaearth began as a range of toxin-free products for babies and new parents, and the group now sells skin, hair and personal care products under several brands. Forbes Asia named Alagh to its Power Businesswomen list in 2022.
Honasa’s Results for the Year to March 2026
For the year ended March 31, 2026, Honasa reported net profit of Rs 200.19 crore, up from Rs 72.68 crore the year before. Total consolidated income rose 15.37% to Rs 2,475.52 crore. In the March quarter alone, revenue from operations grew 23% to Rs 657.08 crore and net profit reached Rs 69.43 crore.
The board also declared Honasa’s first dividend, Rs 3 per share. The company’s IPO in late 2023 was priced in a band of Rs 308 to Rs 324 per share, for an offer of about Rs 1,701 crore.
