Born: March 23, 1953
Achievement: Chairman & Managing Director of Biocon Ltd;
Felicitated with Padmashri (1989) and Padma Bhushan (2005).
Kiran Mazumdar Shaw is the Chairman & Managing Director of Biocon
Ltd, India's biggest biotechnology company. In 2004, she became India's
Kiran Mazumdar Shaw was born on March 23, 1953 in Bangalore. She had
her schooling at Bishop Cotton Girls School and Mount Carmel College at
Bangalore. After doing completing her B.Sc. in Zoology from Bangalore
University in 1973, she went to Ballarat University in Melbourne,
Australia and qualified as a master brewer.
Kiran Mazumdar Shaw started her professional
career as trainee brewer in Carlton & United Beverages in 1974. In 1978,
she joined as Trainee Manager with Biocon Biochemicals Limited in
Ireland. In the same year, Kiran Mazumdar Shaw founded Biocon India in
collaboration with Biocon Biochemicals Limited, with a capital of
Rs.10,000. She initially faced many problems regarding funds for her
business. Banks were hesitant to give loan to her as biotechnology was a
totally new field at that point of time and she was a woman
entrepreneur, which was a rare phenomenon.
Biocon's initial operation was to extract an enzyme from papaya. Under
Kiran Mazumdar Shaw's stewardship Biocon transformed from an industrial
enzymes company to an integrated biopharmaceutical company with
strategic research initiatives. Today, Biocon is recognised as India's
pioneering biotech enterprise. In 2004, Biocon came up with an IPO and
the issue was over-subscribed by over 30 times. Post-IPO, Kiran Mazumdar
Shaw held close to 40% of the stock of the company and was regarded as
India's richest woman with an estimated worth of Rs. 2,100 crore.
Kiran Mazumdar Shaw is the recipient of several prestigious awards.
These include ET Businesswoman of the Year, Best Woman Entrepreneur,
Model Employer, Ernst & Young's Entrepreneur of the Year Award for
Life Sciences & Healthcare, Leading Exporter, Outstanding Citizen,
Technology Pioneer, etc. Government of India also felicitated her with
Padmashri (1989) and Padma Bhushan (2005).