Enterpreneur Essay

1213 words - 5 pages

Kiran Mazumdar-Shaw (born 23 March 1953) is an Indian entrepreneur. She is the chairman & managing director of Biocon Limited a biotechnology company based in Bangalore (Bengaluru), India.

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Profile
Kiran Mazumdar-Shaw completed her schooling from the city’s Bishop Cotton Girl's High School (1968). She wanted to join medical school but instead took up biology and completed her BSc Zoology Honours course from Mount Carmel College, Bangalore University (1973). She later did her post-graduation as a brewmaster in Malting and Brewing from Ballarat College, Melbourne University (1975).
She worked as a trainee brewer in Carlton and United ...view middle of the document...

Mission and Vission
Kiran Mazumdar Shaw personally did not believe in vision
She believed more in missions rather than vision
Her mission was to build a biotech company that would be respected globally.
And most importantly, she wanted to change perception that India is not capable of a research-based business.
To her, a leader should have more missions than vision.
According to her, all leaders should be passionate about their sense of purpose.

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Biocon
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In 1978, she joined Biocon Biochemicals Limited, of Cork, Ireland as a Trainee Manager. In the same year she started Biocon in the garage of her rented house in Bangalore with a seed capital of Rs. 10,000.
Initially, she faced credibility challenges because of her youth, gender and her untested business model. Not only was funding a problem as no bank wanted to lend to her, but she also found it difficult to recruit people for her start-up. With single-minded determination she overcame these challenges only to be confronted with the technological challenges associated with trying to build a biotech business in a country facing infrastructural woes. Uninterrupted power, superior quality water, sterile labs, imported research equipment, and advanced scientific skills were not easily available in India during the time.
She is responsible for steering Biocon on a trajectory of growth and innovation over the years. Within a year of its inception, Biocon became the first Indian company to manufacture and export enzymes to USA and Europe. In 1989, Biocon became the first Indian biotech company to receive US funding for proprietary technologies. In 1990, she upgraded Biocon's in-house research program, based on a proprietary solid substrate fermentation technology.
In the same year, she incorporated Biocon Biopharmaceuticals Private Limited to manufacture and market a select range of biotherapeutics in a joint venture with the Cuban Centre of Molecular Immunology.
In 2004, she decided to access the capital markets to develop Biocon's pipeline of research programs. Biocon's IPO was oversubscribed 32 times and its first day at the bourses closed with a market value of $1.11 billion, making Biocon only the second Indian company to cross the $1-billion mark on the first day of listing.
She entered into more than 2,200 high-value R&D licensing and other deals within the pharmaceuticals and bio-pharmaceutical space between 2005 and 2010 and helped Biocon expand its global footprint to emerging and developed markets through acquisitions, partnerships and in-licensing. Her belief that healthcare needs can only be met with affordable innovation has been the driving philosophy that has helped Biocon manufacture and market drugs cost-effectively.
In 2007–08, a leading US trade publication, Med Ad News, ranked Biocon as the 20th leading biotechnology companies in the...

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