Biography of Piyush Jain: Founder & CEO of SkinInspired & Yorgain-Entrepreneur
Journey of Piyush Jain:
Early Education and Ambitions
Piyush Jain's journey begins in Kanpur, where he grew up in a
modest household despite his eventual success. Born into a family deeply rooted
in the perfume industry, he learned the craft of making perfumes and essences
from his father, a chemist. This early exposure to the family business shaped
his future aspirations. As a young student, Piyush was known for his
dedication, balancing academic pursuits with significant involvement in his
school activities.
Engineering and Leadership Skills
After completing his schooling, Piyush pursued a Bachelor of
Engineering in Electrical and Electronics from Manipal Institute of Technology.
His university years were marked by active participation in various student
activities, including serving as a Class Representative and organizing major
events like Techtatva. This period was crucial in developing his leadership and
organizational skills, laying a strong foundation for his future career.
Advanced Business Education
Eager to broaden his horizons, Piyush furthered his
education by enrolling in the Management Development Institute (MDI), Gurgaon.
Here, he pursued an MBA with a focus on Marketing from 2009 to 2011. His time
at MDI was notable for his involvement as a Media Relations Co-ordinator and a
member of the Entrepreneurial Ecosystem, where he honed his skills in corporate
communications and entrepreneurial thinking.
International Management Training
To complement his MBA, Piyush attended ESCP Business School,
earning a Master’s in International Management with a specialization in
Finance. This international exposure enriched his understanding of global
business practices and financial management, equipping him with a broader
perspective on market strategies and business operations.
Journey of Piyush Jain: Founder & CEO of SkinInspired &Yorgain Entrepreneur /Age/Net worth/Entrepreneur/Startup/hair supplement/skincare solutions/
Corporate Experience at Procter & Gamble
Piyush's career took a significant leap when he joined
Procter & Gamble (P&G). Over a decade, he rose through the ranks to
become the Director of Home Care, Skin, and Personal Care. His role involved
defining market strategies, overseeing product launches, and driving growth in
categories like AmbiPur and Olay. Notably, he doubled the e-commerce and
premium portfolio business during the COVID-19 pandemic, demonstrating his
ability to adapt and innovate under challenging conditions.
Strategic Roles in Market Planning
Before his directorial role, Piyush served as Project
Manager for Market Strategy and Planning at P&G. He was responsible for
launching key products such as Tide Bar and Tide Ultra, significantly expanding
their market presence. His strategic planning and execution led to remarkable
business growth, including a 25% increase in Modern Trade for P&G's fabric
care business.
Managing Walmart India Account
Piyush also gained valuable experience as a National Account
Manager for Walmart India. In this role, he managed P&G’s biggest account,
overseeing trade marketing and commercial strategies. His expertise in channel
management and sales fundamentals was crucial in driving the success of major
brands like Ariel and Tide.
Entrepreneurial Ventures: Yorgain and SkinInspired
In March 2022, Piyush ventured into entrepreneurship,
co-founding Yorgain, a company specializing in innovative hair supplements.
This was followed by the launch of SkinInspired, a skincare brand that
emphasizes dermatology-based skin science. These ventures reflect his shift
from corporate roles to entrepreneurial pursuits, focusing on leveraging his
industry knowledge to create impactful products.
SkinInspired’s Mission
At SkinInspired, Piyush aims to revolutionize skincare by
incorporating dermatological science into product development. The brand
strives to offer advanced skincare solutions that are both effective and
scientifically backed. His leadership in this venture underscores his
commitment to enhancing personal care through innovation.
The Yorgain Journey
Yorgain, another of Piyush's entrepreneurial endeavors,
gained recognition for its comprehensive hair supplements. The company's unique
approach to hair care, including drinkable supplements, highlights his focus on
combining scientific research with practical solutions to address consumer
needs.
A Decade of Impact at P&G
Piyush's tenure at P&G was marked by substantial
contributions across various categories. His ability to launch products, manage
major accounts, and drive business growth was instrumental in shaping the
company's success in the Indian market. His strategic acumen and leadership
were pivotal in navigating market challenges and achieving significant
milestones.
Legal Troubles and Public Attention
In December 2021, Piyush Jain became the center of a
high-profile tax evasion case. The Directorate General of GST Intelligence
(DGGI) raided his premises, uncovering over Rs 257 crore in cash, gold, and
other valuables. This incident was one of the largest recoveries in Indian tax
history, attracting significant media coverage and public scrutiny.
Modest Lifestyle Amidst Wealth
Despite his substantial wealth, Piyush Jain was known for
his modest lifestyle. Residing in a simple house and using an old scooter, he
maintained a low profile, which contrasted sharply with his financial status.
His neighbors described him as a humble businessman, focused on his work
without flaunting his success.
Family Background and Business Origins
Piyush's background in the perfume industry was deeply
influenced by his father, who was a chemist. Piyush and his brother Amrish
continued the family business in Kanpur, leveraging their father's expertise to
build a successful enterprise. Despite the controversy surrounding his
financial dealings, his family remains a central part of his personal and
professional life.
Misconceptions and Political Connections
Amidst the legal troubles, there were rumors linking Piyush
Jain to political figures and parties, which were quickly debunked. Media
reports falsely connected him to Pampi Jain, a Samajwadi Party leader, due to
their shared involvement in the perfume industry and community. These
misconceptions added to the public interest and confusion surrounding his case.
Piyush Jain's journey from a modest background to becoming a
successful entrepreneur and corporate leader is marked by significant
achievements and challenges. His story reflects both the highs of career
success and the lows of legal controversies, illustrating the complex nature of
personal and professional life.
Timeline for Piyush Jain's Journey:
Early 1980s - Born in Kanpur into a family deeply rooted in
the perfume industry.
2004-2008 - Pursues a Bachelor of Engineering in Electrical
and Electronics from Manipal Institute of Technology.
2009-2011 - Attends Management Development Institute (MDI),
Gurgaon for an MBA in Marketing.
2011-2012 - Completes a Master’s in International Management
with a specialization in Finance from ESCP Business School.
2012-2013 - Joins Procter & Gamble (P&G) as a
Project Manager for Market Strategy and Planning.
2014-2021 - Advances to Director of Home Care, Skin, and
Personal Care at P&G, leading significant product launches and market
strategies.
December 2021 - Becomes the center of a high-profile tax
evasion case involving a major DGGI raid.
March 2022 - Co-founds Yorgain, specializing in hair
supplements.
June 2022 - Launches SkinInspired, focusing on
dermatology-based skincare solutions.
2024 - Continues leading his entrepreneurial ventures while
managing his public and legal challenges.
