Biocon Study.pptx - An Interview with the Founder of Biocon...

An Interview with the Founder of Biocon
Ms Kiran Mazumdar-Shaw

Introduction
Kiran Mazumdar-Shaw
•
Kiran Mazumdar-Shaw is an Indian billionaire entrepreneur. She is the founder of Biocon Limited.
• She is on the Financial Times ’ top 50 women in business list.
•
In 2019, she was listed as the 68th most powerful woman in the world by Forbes .
Biocon
Values:
• Its mission, is to make drugs and medicines affordable to all, with an innovation model seeking to
“ reduce disparities in access to safe, high quality medicines, as well as address the gaps in scientific
research to find solutions to impact a billion lives .”
• She has also proposed that drug companies be cost-sensitive in marketing to developing countries, so
that people can afford the drugs they need, particularly chronic therapies.
Origins:
•
She met Leslie Auchincloss, the founder of Biocon Biochemicals Limited, of Cork, Ireland. Auchincloss's
company produced enzymes for use in the brewing, food-packaging and textile industries.
•
After a brief period as a trainee manager at Biocon Biochemicals Limited, of Cork, Ireland, to learn more
about the business, Kiran Mazumdar Shaw returned to India.
• She started Biocon India in 1978 in the garage of her rented house in Bengaluru with a seed capital of
Rs. 10,000.
•
She was unable to secure funding for her company at the early stages of her business.