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Business News›Magazines›Panache›Panache People 101›Kiran Mazumdar-Shaw
    Kiran Mazumdar-Shaw

    Kiran Mazumdar-Shaw

    Executive Chairperson, Biocon
    Birth DetailsMarch 23, 1953 | Pune, Maharashtra, India
    NationalityIndian
    LeagueEntrepreneur
    EducationBSc in Zoology, Bangalore University; Master’s Degree in Malting and Brewing, Ballarat College, Melbourne University
    Net Worth$4.2 billion (as of July 21, 2020)
    Kiran Mazumdar-Shaw's Assets:
    • Biocon Limited
    • Mazumdar Shaw Medical Center
    • Mazumdar Shaw Centre for Translational Research

    Kiran Mazumdar-Shaw's Journey so far ...
    • After gaining qualification as a brewmaster from Australia, Kiran Mazumdar-Shaw returned to India to follow in her father’s footsteps who was a brewmaster at United Breweries. But she failed to find a suitable job due to the lack of acceptance of women in the field
    • Instead, she headed to Europe to look for opportunities. It was during this time that she met Leslie Auchincloss -- the founder of the Irish biotechnology firm Biocon Biochemicals
    • Auchincloss wanted to expand to India and noticing her passion decided to make her a partner. In 1978, Biocon India was formed and she was in charge
    • Initially operating from her garage, the company started with producing industrial enzymes
    • Business was growing but Mazumdar-Shaw had to face some backlash as people were still not used to conducting business with or taking orders from a woman
    • Despite hardships, her drive for innovation was turning profits for the company and the company soon ventured into the US and European market
    • After a round of sell-offs and buybacks, Mazumdar-Shaw eventually wound up with around 40% shares of the company and became the richest woman in India after Biocon’s IPO in 2004
    • Today, Biocon is the largest producer of insulin in India, and the first company in the country to gain the approval of USFDA for certain cancer-related and other drugs. It also remains a leading manufacturer of biosimilars, immunosuppressants and other speciality molecules with presence in over 120 countries
    • As an initiative to increase the availability of affordable cancer care facilities in the country, she has established the 1,400-bed MazumdarShaw Medical Center in Bangalore
    • The Indian government has honoured her with the Padma Shri -- the 4th highest civilian award -- in 1989 and the Padma Bhushan -- the 3rd highest civilian award -- in 2005

    Before you go ...
    Last Updated: 12/02/2021

    Kiran Mazumdar-Shaw News

    • Retired IPS Kiran Bedi reacted to the three new criminal laws that are going to be implemented from July 1 onwards and called the implementation of BNS, BNSS and BSS ‘growth’ and termed it as ‘wholesale training’ for Police officials. She further added that no empowerment of law and police suits everybody. Speaking to ANI, Kiran Bedi said, “It is like a wholesale training that Police are getting. It is like the full sensitization of the mental training of the police officers of millions. It is growth. There will always be two views to it. Every arrest will come with accountability. No empowerment of law and police suits everybody. There is an accused angle and there is a victim angle. But what you have to look at is the security, integrity and the people of the country.” Notably, the three laws -- Bharatiya Nyaya Sanhita (BNS), 2023, Bharatiya Nagarik Suraksha Sanhita (BNSS), 2023, and Bharatiya Sakshya Sanhita (BSS), 2023 will replace the colonial era Indian Penal Code (IPC), 1860, the Code of Criminal Procedure (CrPC), 1973 and Indian Evidence Act, 1872. The Ministry of Home Affairs notified in February that the three laws shall come into force on July 1, 2024.'It is like wholesale training…', Kiran Bedi reacts to implementation of three new criminal laws
    • Nvidia short sellers have raked in nearly $5 billion in paper profits from the AI chip designer's sharp selloff over the past three sessions, according to data analytics firm Ortex Technologies.
    • Biocon Executive Chairperson Kiran Mazumdar Shaw say we've seen significant market share growth for our biosimilars in the US, exceeding our 20% global insulin market target sooner than expected. Demand has surged, especially for insulins, creating substantial opportunities.
    • Haryana Congress has called on Governor Bandaru Dattatreya to dissolve the BJP government in the state, accusing it of not having the desired majority. The Congress party, led by Bhupinder Hooda, has demanded the dissolution of the current government and a fresh mandate from the public. The BJP has 41 legislators and the state government has the support of one Haryana Lokhit Party legislator and one Independent legislator.
    • VRL Logistics Ltd, a significant player in the logistics sector, faced a 36% wealth destruction in 6 months, dropping from around Rs 800 to approximately Rs 510 in June 2024.
    • Political dynasties in Haryana, including Kiran Choudhry and Shruti Choudhry, are shifting to the BJP from Congress, reshaping the state's political landscape. Chief Minister Nayab Singh Saini, Bhupinder Singh Hooda, and the legacy of Bansi Lal play crucial roles in these transitions.
    • Founded by Kiran Shah, Go Zero has a diversified product portfolio featuring low-calorie, high-protein and vegan ice creams.
    • Ex-Congress leaders Kiran Choudhury and daughter Shruti Choudhry joined the BJP in the national capital on June 19 in the presence of Chief Minister of Haryana Nayab Singh Saini, former CM Manohar Lal Khattar and BJP National General Secretary Tarun Chugh. Ex-Congress leader Kiran Choudhry, along with daughter Shruti, joins BJP ahead of Haryana polls
    • Former Haryana Congress leaders Kiran Choudhary and her daughter Shruti Choudhry, along with their supporters, joined the BJP in New Delhi. They had resigned from Congress, citing party functioning issues. Kiran Choudhry, daughter-in-law of former Haryana CM Bansi Lal, is an MLA, while Shruti was the working president of Haryana Congress. They joined BJP in a ceremony attended by senior party leaders.
    • Kiran Choudhry and her daughter Shruti Choudhry, prominent leaders in Haryana Congress, have resigned from the party citing governance issues and a perceived concentration of power under Bhupinder Singh Hooda. They will join BJP, delivering a blow to Congress ahead of state elections. Kiran Choudhry, an MLA from Tosham and part of the party for four decades, expressed disappointment over party leadership and stated her aim to continue serving people unencumbered.
    • Sheela Foam, owner of Sleepwell and Kurlon, projects a 14-15% CAGR growth over the next 3-5 years, according to CEO Nilesh Mazumdar. Following its acquisition of Kurlon, Sheela Foam aims to surpass Rs 1,000 crore in revenue. The company plans to expand market share and maintain distinct brand identities for Sleepwell and Kurlon.
    • Industrialist and media mogul Ramoji Rao's last rites were held at Ramoji Film City in Hyderabad with state honors. TDP chief N Chandrababu Naidu and senior IAS officers attended the funeral. The Andhra Pradesh government declared state mourning on June 9 and 10. Top leaders including President Droupadi Murmu and PM-designate Narendra Modi paid tribute to Rao, praising his contributions to media and entertainment.
    • Ramoji Rao passed away while receiving treatment at Star Hospital in Hyderabad. His legacy continues to inspire many in the fields of media, cinema, and business. The impact of his work will be remembered and cherished for generations to come.
    • Ramoji Rao News: Rao was the head of the Ramoji Group, which includes the globally renowned Ramoji Film City, the largest film production facility in the world. His media empire also encompasses the Eenadu newspaper, the ETV Network of television channels, and the film production company Usha Kiran Movies.
    • Rajesh Labhubhai Lakhani, director of Kiran Gems, buys a luxury apartment in Mumbai's Three Sixty West tower. The tower includes The Ritz-Carlton Hotel. Kiran Gems is a sightholder authorized to buy rough diamonds from De Beers Group.
    • Kewal Kiran Clothing Ltd. key Products/Revenue Segments include Apparels, Homemart & Accessories, Service Income, Export Incentives, Other Operating Revenue for the year ending 31-Mar-2023.
    • In the latest edition of Star Trek #20, Captain Liam Shaw, a notable addition to the Star Trek universe, is once again in the spotlight. Penned by Jackson Lanzing and Collin Kelly, and illustrated by Megan Levens, the issue explores Shaw's character.
    • Kewal Kiran Clothing Limited, a leading menswear brand owner, has made a strategic move by acquiring a 50% stake in Kraus Casuals Private Limited for a whopping Rs 166.51 crore. This acquisition marks the company's foray into the women's denim and casual wear segment, expanding its already impressive portfolio which includes popular brands like Killer, Integriti, Lawman Pg3, and easies.
    • The Mumbai-based company, known for Officer's Choice and Sterling Reserve whisky, refiled its draft red herring prospectus (DRHP) in January and received regulatory approval on May 10. The IPO comprises a ₹1,000-crore fresh issue and a ₹500 crore offer for sale. The company had initially filed its DRHP with the market regulator in June 2022 to raise ₹2,000 crore.
    • The apartment spread over 6,176 sq ft on the 24th floor of Three Sixty West project on Dr. Annie Besant Road is the second such deal concluded by the actor in this luxury residential tower. Prior to this, Kapoor and his wife had purchased a duplex on the 42nd and 43rd floor of the same tower of the high-rise project for over Rs 58.57 crore in 2018.
    • Kulkarni is the younger brother of well-known writer and Rajya Sabha member Sudha Murty, and hails from Karnataka. He was born in Kurundwad, near Sangli in Maharashtra and studied at Hubballi.
    • ​​Leading debenture trustee Beacon Trusteeship Ltd on Wednesday said it is aiming to raise a little over Rs 32 crore through its initial share-sale opening for public subscription on May 28.
    • Mavjibhai Patel, the managing director and member of the promoter group of Kiran Gems, one of the world's largest natural diamond manufacturers, has acquired a sea-view luxury apartment in a highly prestigious residential tower located in Mumbai's upscale Worli area for approximately Rs 97 crore.
    • Explore the best electric deep fryers on the market, each offering unique features to elevate your cooking experience. Whether you're a home chef looking to recreate restaurant-quality fried dishes or simply want to indulge in your favorite comfort foods, these fryers have you covered. From compact models perfect for small kitchens to high-capacity fryers suitable for large gatherings, there's something for everyone in this curated list.
    • Billionaire entrepreneur Nikhil Kamath recently praised Bengaluru, India's startup capital, in a YouTube podcast. Despite acknowledging challenges like traffic, he highlighted Bengaluru's standout feature as its people, emphasizing their warmth and love for the city. Kamath also praised Bengaluru's talent pool, calling it unmatched globally for startups due to its access to skilled individuals at a reasonable cost.
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    DisclaimerThe content of this page has been aggregated from multiple websites. Some information can change over the passage of time.
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