Kiran Mazumdar Shaw needs no introduction. The Chairman and Managing Director of Biocon Ltd, she is one of India’s most influential and successful female icons.
In 1978, Kiran Mazumdar Shaw joined Biocon Biochemicals Limited, Ireland as a trainee manager. Soon after joining them, she opened a branch in India in the same year. With an initial investment of INR 10,000 and a rented garage, she commenced her entrepreneurial journey.
However, her path to success was laced with multiple challenges and hurdles. Her journey to fame was not a cakewalk. Instead, she worked hard and didn’t shy away from putting in everything she had to reach the pinnacle of success.
She faced many challenges in getting a loan as the bank did not trust her idea. Her father was also asked to be her guarantor. She had to convince people to join her firm in the beginning. Her first employee was a retired garage mechanic. But as we say that even luck favors those who refuse to give up. In 1987, Narayan Vaghul of ICICI ventures helped in the creation of venture capital with funds of USD 250,000. In 1989, Biocon Ltd became the first Indian biotech company to receive US funding for proprietary technology.
In 2014, Biocon was oversubscribed 33 times when the company went for an IPO. It became the second Indian company to cross the 1 billion mark on the first day of listing.
Mazumdar Shaw is known not only for her professional accomplishments but also for her philanthropic measures. She believes strongly in giving back to society and has pledged to divert half of her wealth toward the infrastructural development required to battle Cancer.
Her journey was full of ups and downs, and she has inspired several women to enter the biotech world in India.
Here are some of the most thought-provoking quotes by Kiran Mazumdar Shaw that will motivate you to achieve something big in your life:
1. “I hate the title of being called ‘the richest woman in India’, but it’s the recognition that this was the value that I had created as a woman entrepreneur, and that makes me very, very proud.”
2. “I think, in terms of corporate philosophy, I’ve always believed that you’ve got to treat people in a very, very egalitarian manner in the sense I like to treat people on a one-to-one basis. And I like people to take on a lot of responsibilities because I think with a sense of responsibility also comes a sense of purpose.”
3. “As a traditionally risk-averse nation, India has rarely been at the forefront of innovation. Indian companies have mostly imitated others and become very good at it.”
4. “I want to be remembered as someone who put India on the scientific map of the world in terms of large innovation. I want to be remembered for making a difference in global healthcare. And I want to be remembered as someone who did make a difference to social-economic development in India.”
5. “I believe that entrepreneurship is about being able to face failure, manage failure and succeed after failing.”
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