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" I belong to the breed of first-generation entrepreneurs who have basically created our enterprises with very frugal resources. "

Kiran Mazumdar-Shaw

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" I faced a number of challenges whilst I built Biocon. Initially, I had credibility challenges where I couldn't get banks to fund me; I couldn't recruit people to work for a woman boss. Even in the businesses where I had to procure raw materials, they didn't want to deal with women. "

Kiran Mazumdar-Shaw

" My philanthropy is largely focused on healthcare, and I really want to make a difference to people's lives. "

Kiran Mazumdar-Shaw

Make A Difference

" One of my objectives when I started Biocon was to make sure that I create a company for women scientists to pursue a vocation. "

Kiran Mazumdar-Shaw

" I've had many failures in terms of technological... business... and even research failures. I really believe that entrepreneurship is about being able to face failure, manage failure and succeed after failing. "

Kiran Mazumdar-Shaw

" When I started Biocon in 1978, the obstacles I needed to navigate were manifold - ranging from infrastructural hurdles to issues related to my credibility as a business woman. With no access to venture capital, money was scarce and high-cost, debt-based capital was all I had. "

Kiran Mazumdar-Shaw

" My passion for innovation and my interest in the 'business of science' has seen Biocon commercialize many innovative platforms and products. "

Kiran Mazumdar-Shaw

" In India, I personally believe yes, there is a clear fear of unknown; there's a lot of risk aversions in science and technology. They want predictability in everything they do, and it starts from people. It starts from investors. It starts from the regulators. You see that mindset across the society. "

Kiran Mazumdar-Shaw

" 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 to global healthcare. And I want to be remembered as someone who did make a difference to social economic development in India. "

Kiran Mazumdar-Shaw

Make A Difference

" Once you start succeeding, you start dreaming big. For me, it was that way. "

Kiran Mazumdar-Shaw

" The brewing industry is a very, very male dominated industry. It's a male bastion. "

Kiran Mazumdar-Shaw

" India is a fertile ground for entrepreneurs, given its large pool of world-class talent and resources. India's ability to generate wealth and create social good will come if we let entrepreneurs flourish by encouraging and enabling innovation. "

Kiran Mazumdar-Shaw

" I was greatly inspired by my late father, who was a well-known name in the brewing industry. It was he who encouraged me to take the road less traversed and gave me the confidence to pursue my path of entrepreneurship. "

Kiran Mazumdar-Shaw

" 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. "

Kiran Mazumdar-Shaw

" It was a chance encounter with a biotech entrepreneur from Ireland that got me started as an entrepreneur in India, because I partnered this Irish company in setting up India's first biotech company. "

Kiran Mazumdar-Shaw

" Unfortunately, our stock is somehow not well understood by the markets. The market compares us with generic companies. We need to look at Biocon as a bellwether stock. A stock that is differentiated, a stock that is focused on R&D, and a very, very strong balance sheet with huge value drivers at the end of it. "

Kiran Mazumdar-Shaw

" People believe that art and science are two distinct realms. It is far from the truth because, if you look at science from a microscope or from a different lens, you can see the beauty in science. It is very artistic. "

Kiran Mazumdar-Shaw

" My legacy is going to be in affordable health care. I am willing to invest in developing that model and the policies around it. "

Kiran Mazumdar-Shaw

" I call myself an accidental entrepreneur. I was all set to take up a brewing job in Scotland when a chance encounter with an Irish entrepreneur led me to set up a biotech business in India instead. "

Kiran Mazumdar-Shaw

" I am very concerned about the fact that India as a country does not have a national health system, and I am determined to try and influence the government to really build a national health system for the country. "

Kiran Mazumdar-Shaw

" If you think about brewing, it is biotechnology. And I would say that I was a technologist at heart. So whether I... fermented beer or whether I fermented enzymes, the base technology was the same. "

Kiran Mazumdar-Shaw

" I am very passionate about India's place in bio-pharmaceuticals, and that is what I really want to drive and create leadership for in India because I really think it is possible. "

Kiran Mazumdar-Shaw

" I do serve on various boards and I'm very honest and frank, obviously. I am a very forthright person and I do, sort of, share my candid views on anything. "

Kiran Mazumdar-Shaw

" Being in a field like healthcare, for me, as someone who is basically on a mission to make a global impact in terms of affordable access to healthcare, I am very, very concerned about the fact that there are a large number of people in this world who need to have some access to basic rights, whether it is in education or healthcare. "

Kiran Mazumdar-Shaw

" Innovation and commerce are as powerful tools for creating social progress as they are for driving technological advancement. "

Kiran Mazumdar-Shaw

" I have successfully challenged the Western world's existing model of pharmaceutical innovation, which leads to the creation of monopolistic markets for novel, life-saving drugs that deliver high margins at low volumes. "

Kiran Mazumdar-Shaw

" What really got me focused on cancer was when my best friend was diagnosed with breast cancer, and even though she was a well-to-do person, I found that her treatment costs were crippling. "

Kiran Mazumdar-Shaw

" Biocon is on a journey of making impact on global healthcare. I have to make sure that I have one in five persons who needs insulin therapy to use a Biocon product - that is my dream. "

Kiran Mazumdar-Shaw

" 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. "

Kiran Mazumdar-Shaw

" There is artistic beauty to the way biology functions, nature functions, and science functions. I am trying to bring that kind of understanding in the design space. "

Kiran Mazumdar-Shaw

" I have a great team who has helped me build Biocon, I was very fortunate to be able to share my vision with a group of people who really were as excited about challenges as I was. "

Kiran Mazumdar-Shaw