Kiran Mazumdar Shaw Bio: India is one of the top 12 biotechnology destinations in the world, with over 600 biotech enterprises. In this essay, you will learn about a man who has amassed a fortune only through his own hard work and dedication.
Kiran Majumdar Shaw is an Indian philanthropist and entrepreneur who started Biocon Ltd in Bangalore, India. She is Biocon’s Chairman and Managing Director. She was awarded the Othmer Gold Medal for her outstanding contributions to the advancement of science and chemistry. The Financial Times called her one of the top 50 women in business. Forbes ranked her as the world’s 65th most powerful woman. In addition, she was named EY Global Entrepreneur Of The Year 2020. The Hurun Report India Philanthropy List 2019 put her second on the list of Women Philanthropists in 2019. She is expected to have a net worth of 29,030 crore rupees in 2023.
Kiran Mazumdar is the executive chairman and founder of Biocon Ltd, one of the world’s most notable biopharmaceutical businesses. Kiran is an inspiration to hundreds of women throughout the world who want to be entrepreneurs.
Kiran Mazumdar Shaw – Biography
|Year of Birth||23 March 1953|
|Education||Graduate from the University of Ballarat, Melbourne|
|Title||Executive Chairperson – Biocon Limited and Biocon Biologics Limited|
|Net Worth||370 crores USD|
Kiran Mazumdar Shaw’s Private Life (Kiran Mazumdar Shaw – Biography)
Kiran Mazumdar-Shaw was born on March 23, 1953, in Banglore, to Gujarati parents from a middle-class family. Her father, Rasendra Mazumdar, held the position of head brewmaster at United Breweries.
She had wanted to be a doctor since she was a youngster, but she couldn’t receive a scholarship. She was the sole female student enrolled in a brewery course in 1974, and she graduated first in her class. Kiran married John Shaw in 1989 when he was 44 years old. John was the chairman of Madura Coats before leaving to join Kiran at Biocon. Since 2001, John Shaw has served as Biocon’s Vice Chairman.
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Kiran Mazumdar Shaw education (Kiran Mazumdar Shaw – Biography)
Initially, Kiran aspired to pursue a career path that mirrored her father’s. In Bangalore, she went to Bishop Cotton Girl’s High School.
Mount Carmel College, a Bangalore University associate, then offered her a pre-university program. Bangalore University awarded her a bachelor’s degree in zoology in 1973.
Kiran wanted to go to medical school but was unable to acquire a scholarship. Her father then advised her to study fermentation science and become a brewmaster, which is an unusual career path for a woman. She studied malting and brewing at Ballarat College and Melbourne University in Australia. She earned her master’s brewing degree in 1975. Kiran Shaw was the only woman who chose the brewing course, and she topped her class with her brilliance.
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Kiran Mazumdar Shaw’s professional life and career (Kiran Mazumdar Shaw – Biography)
Kiran commenced her professional journey as a brewing trainee at Carlton and United Breweries in Melbourne. Kiran Mazumdar finished her apprenticeship at Carlton and United Breweries. She also worked as a trainee maltster for Barrett Brothers and Burston in Australia.
After returning to India, she worked as a technical consultant for Jupiter Breweries in Calcutta, and after getting some experience there, she worked as a Technical Manager for Standard Maltings Company in Baroda. She chose to advance her career in Bangalore or Delhi but was advised that “it’s a man’s business” and that women would not be hired as master brewers in India.
She began seeking work abroad and was offered a position in Scotland. Before her migration, Mazumdar was already acquainted with Leslie Auchincloss, the individual who established Biocon Biochemicals Limited in Cork, Ireland. His company created enzymes that were utilized in the brewing, food packaging, and textile industries.
He was in search of an Indian businessperson who could assist him in setting up a branch of his company in India. Kiran worked for the company, and it was a once-in-a-lifetime chance for her. Leslie provided her with training to become a manager within his company. With an initial investment of 10,000 INR and after learning more about the company’s operations and sales, Kiran traveled to India and started working for Biocon in a leased garage in Bangalore.
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Kiran Mazumdar Shaw, Biocon’s founder (Kiran Mazumdar Shaw – Biography)
Kiran joined Biocon in 1978 and encountered several hurdles due to her youth, gender, and unproven business concept. Because no bank would lend her money, finance was a major concern.
After securing her first round of funding, she set up her inaugural factory in a nearby 3000-square-foot shed. At the outset, the company focused on extracting papain (an enzyme derived from papaya which has meat tenderizing properties) and isinglass (obtained from tropical catfish and used in beer clarification).
Within a year of its creation, Biocon India was the first Indian company to manufacture enzymes and transport them to the United States and Europe. Kiran put her first year’s earnings into a 20-acre property, with hopes to expand in the future. Kiran’s innovative thinking and ideas helped Biocon India grow from an enzyme manufacturing company to a fully integrated biopharmaceutical enterprise.
Kiran found several additional dimensions in 1984. A research and development team was formed at Biocon to focus on the development of novel solid substrate fermentation technologies. Biocon Pharmaceuticals was the first Indian biotech company to get US investment for novel technologies.
Kiran began exploring alternate alternatives that were both cost-effective and low-cost. She also suggested that pharma corporations be cost-conscious when marketing to poor nations so that people may afford the medications they require.
Kiran and her husband John have always felt the need to give the finest possible care for people, growing and delivering inexpensive vaccinations and medications in India, and assisting society in meeting its medical needs.