Kiran Mazumdar Shaw Biography
Kiran Mazumdar Shaw (Businessman) Biography, Family, Children, Net Worth & More
Birth : 23 March 1953, Bengaluru (Karnataka), India
Present : Chairman and management of biotechnology company ‘Biocon Limited’
Scope of work : Identified as leading female drug trader
Kiran Mazumdar Shaw Biography
Kiran Mazumdar-Shaw is an Indian woman businessman, technocrat, investigator and also the founder and president of ‘Biocon Limited’, a leading biotechnology institute in Bangalore. She is also the author of ‘The Story of Bear’. Kiran Mazumdar-Shaw started making ‘Enzyme’ for ‘Liquor Fermentation’ in 1978 in a small shed in Kormangala near Bangalore. In their project, Ireland’s partner company Biocon Chemicals sold its shares to Unilever after a few days and Unilever became Kiran Mazumdar’s new partner. But this partnership became a foothold for Kiran Mazumdar. Unilever did not allow them to do research work on any other product. Due to which, Biocon Limited remained a ‘One Product’ Company for 25 years. Kiran Mazumdar’s relationship with Unilever ended in the year 1998 and this year was also the ‘Turning Year’ of his life. Kiran Mazumdar’s ‘Biocon Limited’ business has now been worth about 25 billion rupees. They have a significant contribution in redesigning the bio-technology sector in the world.
Kiran Mazumdar Shaw Biography Early life
Kiran Mazumdar-Shaw was born on March 23, 1953 in Bengaluru (Karnataka). She completed her schooling in 1968 from Bishop Cotton Girls High School, Bangalore. He completed his BSc (Zoology Hons) degree from Bangalore University in the year 1973. After this, he received higher education in the year 1975 from Ballarat College, Melbourne University (Australia) on the subject of ‘Molting and Brewing’. During this time he worked as a trainee Malster in Carlton and United Breweries, Bruer, Barrett Brothers and Burston, also in Melbourne. He also worked for some time as a technical consultant at Jupiter Breweries Limited in Kolkata and also as a technical manager at Standard Molting Corporation of Baroda from 1975-1977.
In 1998, at the age of 45, she married John-Shaw, a native of Scotland, currently John Shaw is the Vice President of ‘Biocon Limited’.
His contribution to the progress of ‘Biocon Limited’
Initially she faced credibility challenges due to her young age, gender and untested business model, but she faced many challenges and in a limited situation took ‘Biocon Limited’ to new directions and heights of progress.
Within a year of establishment, ‘Biocon Limited’ became India’s first company to manufacture enzymes and export them to USA and Europe. In 1989, ‘Biocon Limited’ became India’s first biotechnology company, which received funding from the US for trademarked technologies. In the year 1990, he made the advanced in-house research program of ‘Biocon Limited’ based on the trademarked concurrent leveling technology. In the year 1997, he took initiative in the field of human health.
When Unilever agreed to sell its stake in ‘Biocon Limited’ in 1998, it became an independent entity. Two years later, a bio-reactor based on its trademarked concentric matrix fermentation was named Plafractor TM. Kiran Mazumdar-Shaw made the company the first fully automated submerged fermentation plant for the production of specialty medicines. By the year 2003, ‘Biocon Limited’ became the first company in the world to develop human insulin.
In the year 2004, they decided to develop research programs of ‘Biocon Limited’ to reach the capital market. Biocon’s IPO subscribed over 32 times and closed with a market value of $ 1.11 billion on the first day, becoming the second company in India to cross the $ 1 billion mark on the first day of listing.
Contribution to the field of pharmaceutical business
The famous England magazine ‘The Medicine Maker’ placed Kiran at number two in the list of 100 celebrities in the pharmaceutical sector. The special thing is that the magazine has given only Kiran Mazumdar from India a place in this list.
Kiran Mazumdar-Shaw, CMD of Indian company ‘Biocon Limited’, is the second most powerful drug maker in the world, second only to Anthony Fauchi (Director) National Institute of Allergy and Infectious Diseases, USA.
She is interested in promoting biotechnology as a field and is also a member of the Advisory Council of the Department of Biotechnology, Government of India.
Major honors and awards
Currently, 62-year-old Kiran is the Chairman and Managing Director of ‘Biocon Limited’. Apart from this, he is also the current president of IIM Bengaluru.
He was awarded ‘Othmer Gold Medal-2014’ in Philadelphia (USA) for his special contribution in science and chemistry. She is the third and first Indian woman in the world to receive the ‘Othmer Gold Medal’. In 2014, Forbes magazine ranked her 92nd among the world’s most powerful women.
In the year 2007-08, a leading US trade publication ‘Made Aid News’ ranked Biocon 20th among biotechnology companies worldwide and 7th among the world’s largest employers.
He has also been honored with the prestigious Padma Shri (1989) and Padma Bhushan (2005) awards of the Government of India for his pioneering work. Recently, she has also been named in Time magazine’s list of the 100 most influential people in the world and has been included in the Forbes list of the 100 most powerful women in the world and the top 50 women in the Financial Times business. Huh.
In 2004, his maternal institution, Ballarat University, awarded him an honorary doctorate of science for his contributions to biotechnology, apart from Dundee University in the UK in 2007, Glasgow University in the UK in 2008 and Harriet of Edinburgh, UK In the University of Watt 2008, he was also awarded an honorary doctorate.
Contribution in the field of social service
In the year 2004, he started the ‘Biocon Foundation’ to run health, education, sanitation and environment programs to benefit the poor and weaker sections of the society. 70,000 rural members have been enrolled under the Foundation’s ‘Micro-Health Insurance’ program.
He did Dr. Devi Shetty K.K. A 1,400-bed cancer care center has been set up at the Narayana Health City campus in Bummsandra, Bangalore in association with Narayana Darshalya. It is known as Majumdar-Shaw Cancer Center (MSCC).
Contribution to other fields
Kiran Mazumdar-Shaw is a member of the managing body and general body of the Indian Pharmacopoeia Commission, an autonomous body of the Government of India. He is also a founding member of the Society of the Institute for Stem Cell Biology and Regenerative Medicine.
She is a member of the National Innovation Council of the Government of India and a member of the Board of Administrators of the Indian Institute of Management in Bangalore and is an honorary consul of the Irish Embassy in Karnataka.
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