SUCCESS STORY KIRAN MAZUMDAR

CONTENT

Ranked as 92nd Most Powerful Woman in World

Education Startup Hard work pays off Going up the ladder Crossing 1 billion mark on day 1

RANKED AS 92ND MOST POWERFUL WOMAN IN WORLD

Kiran Mazumdar  is a role model for every aspiring entrepreneur

She has created a place for herself in an industry which was not known to have women leaders

She was honoured as 92nd Most Powerful Woman in the World

EDUCATION

She was always inclined towards studies and education since her childhood

Her journey started when she pursued B.Sc in Zoology from Bangalore University

After that she went to Australia for post-graduation

STARTUP

In 1974, she got her first job and started working as a trainee brewer with Carlton & United Beverages

In 1978, Mazumdar Shaw joined Biocon Biochemicals Limited, Ireland as a trainee manager

In the same year Soon after joining them, she started the wing of the company in India

HARD WORK PAYS OFF At the start of her entrepreneurial journey, she

rented a garage space in Bangalore & with an initial investment of just Rs.10,000

There were issues like getting loan from banks, recruiting and convincing people to join her startup

Getting continuous power, Clean water, sterile labs, advanced research equipment, & workers with advanced scientific skills were hard to find but there was no stopping for continuous efforts

GOING UP THE LADDER Biocon started as an industrial enzyme manufacturer &

commenced exporting to USA & Europe. Within the first year, Mazumdar Shaw’s venture started churning profits

They purchased a 20-acre property. She focused on discovery of novel enzymes & novel techniques for development of solid substrate fermentation technology through R & D

In 1987, Narayan Vaghul of ICICI ventures supported creation of a venture capital fund of USD 250,000

CROSSING 1 BILLION MARK ON DAY 1 In 1989, they became the first Indian biotech company

to receive US funding for proprietary technology

In 2004, Biocon went for an IPO which was oversubscribed 33 times

This was advised to her by Infosys head honcho Narayan Murthy. 

It was the second Indian company to cross the 1 billion mark on the first day of listing