Kiran Mazumdar Shaw was born in a Kannada family. She did her B.Sc. Zoology Honors from Bangalore University and later she did her post-graduation in Malting and Brewing from Ballarat College, Melbourne University. At present she is the Chairman and Managing Director of Biocon ltd.,Chairperson of Syngene International ltd. as well as an inspiration for lacs of Indian women to turn their dreams into reality. Kiran's pioneering work in the sector has earned her several awards including the prestigious Padma Shri (1989) and the Padma Bhushan (2005) from the government of India. She was named among TIME magazine's top 100 influential people in the world. She is also on e Forbes list of the World's top 100 most powerful women, and the Financial Times' top 50 women in business list.
But her journey up the ladder was not an easy one. After a brief period as a Trainee Manager at Biocon Biochemicals Limited, of Cork, Ireland, to learn more about the business, Kiran Mazumdar returned to India.She started Biocon India in 1978 in the garage of her rented house in Bangalore with a seed capital of Rs. 10,000. Although it was a joint venture, Indian laws restricted foreign ownership to 30% of the company. The remaining 70% belonged to Kiran Mazumdar. Initially, she faced credibility challenges because of her youth, gender and her untested business model. Funding was a problem: no bank wanted to lend to her, and some requested that her father be a guarantor. A chance meeting with a banker at a social event finally enabled her to get her first financial backing. She also found it difficult to recruit people to work for her start-up. Her first employee was a retired garage mechanic. Her first factory was in a nearby 3,000-square-foot shed The most complicated piece of equipment in her lab at that time was a spectrophotometer. As well, she faced the technological challenges associated with trying to build a biotech business in a country with a shaky infrastructure.
But her journey up the ladder was not an easy one. After a brief period as a Trainee Manager at Biocon Biochemicals Limited, of Cork, Ireland, to learn more about the business, Kiran Mazumdar returned to India.She started Biocon India in 1978 in the garage of her rented house in Bangalore with a seed capital of Rs. 10,000. Although it was a joint venture, Indian laws restricted foreign ownership to 30% of the company. The remaining 70% belonged to Kiran Mazumdar. Initially, she faced credibility challenges because of her youth, gender and her untested business model. Funding was a problem: no bank wanted to lend to her, and some requested that her father be a guarantor. A chance meeting with a banker at a social event finally enabled her to get her first financial backing. She also found it difficult to recruit people to work for her start-up. Her first employee was a retired garage mechanic. Her first factory was in a nearby 3,000-square-foot shed The most complicated piece of equipment in her lab at that time was a spectrophotometer. As well, she faced the technological challenges associated with trying to build a biotech business in a country with a shaky infrastructure.
Uninterrupted power, superior quality water, sterile labs, imported research equipment, and workers
with advanced scientific skills were not easily available in India at the time.She has been very active in improving her society also. She helped to establish a 1400-bed cancer care centre at the Narayana Health City campus at Boommasandra Bangalore, along with Dr. Devi Shetty of Narayana Hridayalaya in 2007. Named the Mazumdar Shaw Cancer Centre ( MSCC), it is one of the largest Cancer Hospitals of its kind. It is spread over an area of five lakh square feet and
specializes in Head and Neck Cancer, Breast Cancer and Cervical Cancer.Kiran Mazumdar Shaw emphasises that the importance of entrepreneurship is to create jobs in the country. She advises management students to pursue entrepreneurship. Future managers must learn how to manage risks rather than take the risks.
- Gurnaaj Kaur
Class – X
She is a great entrepreneur,every woman should follow the foot steps of Kiran to glorify India in the world
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