Kiran Mazumdar- ShawKiran Mazumdar- Shaw

Life of an EntrepreneurLife of an Entrepreneur

““If I can build a company like If I can build a company like Biocon anyone can….the first Biocon anyone can….the first step was to dream however step was to dream however big or small..If you have a big or small..If you have a vision big or small, al plan no vision big or small, al plan no matter if its imperfect, but if matter if its imperfect, but if there is passion and there is passion and conviction for it success is conviction for it success is inevitable”inevitable”

-Kiran Mazumdar-Shaw, MD -Kiran Mazumdar-Shaw, MD BioconBiocon

LifeLife

Kiran was born on March 23, 1953 and brought up in Bangalore in the Kiran was born on March 23, 1953 and brought up in Bangalore in the state of Karnataka, Indiastate of Karnataka, India

She hailed from a family, which encouraged her to pursue higher educationShe hailed from a family, which encouraged her to pursue higher education Went to Ballarat College in Melbourne, Australia, to specialize in Malting Went to Ballarat College in Melbourne, Australia, to specialize in Malting

and Brewing Technology to become India's first woman brewmaster.and Brewing Technology to become India's first woman brewmaster. Though she possessed the required technical qualifications, her chosen Though she possessed the required technical qualifications, her chosen

profession was completely male-dominated profession was completely male-dominated  Kiran went abroad and found a job in the UK.Kiran went abroad and found a job in the UK. There she met Leslie Auchincloss, owner of an Ireland-based company. There she met Leslie Auchincloss, owner of an Ireland-based company.

Auchincloss was planning to start a business in India. The Irish company Auchincloss was planning to start a business in India. The Irish company wanted to establish its operations in India to produce simple bio-products wanted to establish its operations in India to produce simple bio-products from indigenous raw materials. from indigenous raw materials. 

Kiran Mazumdar Shaw started her professional career as trainee brewer in Kiran Mazumdar Shaw started her professional career as trainee brewer in Carlton & United Beverages in 1974.Carlton & United Beverages in 1974.

ChallengesChallenges In 1978, she joined as Trainee Manager with Biocon In 1978, she joined as Trainee Manager with Biocon

Biochemicals Limited in Ireland. Biochemicals Limited in Ireland. In the funds for her business. Banks were hesitant to give loan In the funds for her business. Banks were hesitant to give loan

to her as biotechnology was a totally new field at that point of to her as biotechnology was a totally new field at that point of time and she was a woman entrepreneur, which was a rare time and she was a woman entrepreneur, which was a rare phenomenon. phenomenon.

In the same year, Kiran Mazumdar Shaw founded Biocon In the same year, Kiran Mazumdar Shaw founded Biocon India in collaboration with Biocon Biochemicals Limited, with India in collaboration with Biocon Biochemicals Limited, with a capital of Rs.10,000. a capital of Rs.10,000.

She initially faced many problems regarding funds for her She initially faced many problems regarding funds for her business. Banks were hesitant to give loan to her as business. Banks were hesitant to give loan to her as biotechnology was a totally new field at that point of time and biotechnology was a totally new field at that point of time and she was a woman entrepreneur, which was a rare phenomenon. she was a woman entrepreneur, which was a rare phenomenon.

SUCCESS MANTRA – MS. SUCCESS MANTRA – MS. SHAWSHAW

Determination Determination Willingness to take risk Willingness to take risk Talented team Talented team Spirit of Adventure Spirit of Adventure

Portrait of an EntrepreneurPortrait of an Entrepreneur

Kiran has chosen a virgin field, leading the Biotech industry Kiran has chosen a virgin field, leading the Biotech industry from the fore frontfrom the fore front

Kiran has the ability to spot an opportunity a mile away, a Kiran has the ability to spot an opportunity a mile away, a kind of telescopic visionkind of telescopic vision

Has given the country a new field to develop in.Has given the country a new field to develop in.

History of BioconHistory of Biocon

History of BioconHistory of Biocon

Founded as an brewing enzyme extraction company 1978 Founded as an brewing enzyme extraction company 1978 Exports to Ireland grew. Next, in 1984 tried to get an Exports to Ireland grew. Next, in 1984 tried to get an

alternative to ‘Koji enzymes’alternative to ‘Koji enzymes’ In 1989, acquired by UnileverIn 1989, acquired by Unilever By 1990’s Koji enzymes were a success, and got an added By 1990’s Koji enzymes were a success, and got an added

advantage in fermentation drugsadvantage in fermentation drugs In 1995 foray into bio pharmasIn 1995 foray into bio pharmas Now produces everything from insulin to antibodiesNow produces everything from insulin to antibodies Has been leading the biotech industry for 20+ years.Has been leading the biotech industry for 20+ years. In 2004, Biocon came up with an IPO and the issue was over-In 2004, Biocon came up with an IPO and the issue was over-

subscribed by over 30 timessubscribed by over 30 times

BioconBiocon Biocon's initial operation was to extract an enzyme from papaya. Biocon's initial operation was to extract an enzyme from papaya. Under Kiran Mazumdar Shaw's stewardship Biocon transformed from an Under Kiran Mazumdar Shaw's stewardship Biocon transformed from an

industrial enzymes company to an integrated biopharmaceutical company industrial enzymes company to an integrated biopharmaceutical company with strategic research initiatives. with strategic research initiatives.

Today, Biocon is recognised as India's pioneering biotech enterprise.Today, Biocon is recognised as India's pioneering biotech enterprise.BIOCON INDIA: BIOCON INDIA: Biocon was founded on November 29, 1978 as a joint venture between Biocon was founded on November 29, 1978 as a joint venture between

Biocon Biochemicals Ltd. of Ireland and an Indian entrepreneur, Kiran Biocon Biochemicals Ltd. of Ireland and an Indian entrepreneur, Kiran Mazumdar Shaw. Mazumdar Shaw.

In 1979, Biocon became the first Indian company to manufacture and In 1979, Biocon became the first Indian company to manufacture and export enzymes to USA and Europe. Unilever plc. acquired Biocon export enzymes to USA and Europe. Unilever plc. acquired Biocon Biochemicals Ltd. Biochemicals Ltd.

In Ireland in 1979 and merged it with its subsidiary, Quest International. In In Ireland in 1979 and merged it with its subsidiary, Quest International. In 1989, Biocon became the fir1989, Biocon became the firsst Indian biotech company to receive US t Indian biotech company to receive US funding for proprietary technologies.funding for proprietary technologies.

AwardsAwardsKiran Mazumdar Shaw is the recipient of Kiran Mazumdar Shaw is the recipient of

several prestigious awards-several prestigious awards- ET Businesswoman of the Year, Best ET Businesswoman of the Year, Best

Woman EntrepreneurWoman Entrepreneur Ernst & Young's Entrepreneur of the Year Ernst & Young's Entrepreneur of the Year

Award for Life SciencesAward for Life Sciences Government of India also felicitated her with Government of India also felicitated her with

Padmashri (1989) and Padma Bhushan Padmashri (1989) and Padma Bhushan (2005)(2005)

Nikkei Asia Prize, 2009 for Regional GrowthNikkei Asia Prize, 2009 for Regional Growth   Express Pharmaceutical Leadership Summit Express Pharmaceutical Leadership Summit

Award 2009 for Dynamic EntrepreneurAward 2009 for Dynamic Entrepreneur ‘‘Veuve Clicquot Initiative For Economic Veuve Clicquot Initiative For Economic

Development For AsiaDevelopment For Asia

World Economic Forum and The Indian World Economic Forum and The Indian Chamber of Commerce Lifetime Chamber of Commerce Lifetime Achievement AwardAchievement Award

Received an honorary Doctorate of Received an honorary Doctorate of Science in 2004, from her alma mater, Science in 2004, from her alma mater, Ballarat University, in recognition of her Ballarat University, in recognition of her pre-eminent contributions to the field of pre-eminent contributions to the field of BiotechnologyBiotechnology

Honorary doctorates from University of Honorary doctorates from University of Abertay, Dundee, U.K. (2007), University Abertay, Dundee, U.K. (2007), University of Glasgow, U.K. (2008) and Heriot-Watt of Glasgow, U.K. (2008) and Heriot-Watt University, Edinburgh, U.K. (2008).University, Edinburgh, U.K. (2008).

Recently named among TIME magazine’s Recently named among TIME magazine’s 100 most influential people in the world100 most influential people in the world

AwardsAwards

Looking AheadLooking Ahead

Kiran has moved onto even more challenging ventures of developing Kiran has moved onto even more challenging ventures of developing insulin and drugs that can cure cancerinsulin and drugs that can cure cancer

Diabetes had emerged as an important area: Clinigene( Biocon’s clinic) Diabetes had emerged as an important area: Clinigene( Biocon’s clinic) embarked on a longitudinal research programembarked on a longitudinal research program

Launched insulin under the brand name ‘Insugen’.Launched insulin under the brand name ‘Insugen’.

The role of business Women in economic development is The role of business Women in economic development is inevitable. inevitable.

Women entrepreneurship must be moulded properly with Women entrepreneurship must be moulded properly with entrepreneurial traits and skills to meet the changes in trends entrepreneurial traits and skills to meet the changes in trends and strive for excellence in the entrepreneurial arena so that and strive for excellence in the entrepreneurial arena so that one day every Indian woman sets an example as Kiran did. one day every Indian woman sets an example as Kiran did.

THANK YOU THANK YOU !!!!!!!!