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" I owe my drive and determination to my upbringing, which instilled in me a set of values that make me who I am. "
Kiran Mazumdar-Shaw
Me
I Am
Drive
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" It is always nice to reflect on how one started. "
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Started
" I believe in never giving up, no matter what the odds. My mantra is, 'Failure is temporary. Giving up is permanent.' "
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" I belong to the breed of first-generation entrepreneurs who have basically created our enterprises with very frugal resources. "
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Belong
Who
" I guess I was very fortunate; I had a very very, lets put it this way, I had very wonderful upbringing and a childhood where my parents, of course, exposed us to many cultural aspects, not only of India but other parts of the world. "
Kiran Mazumdar-Shaw
Way
World
Childhood
" 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
Going
Model
Care
" 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
Work
Boss
Challenges
" As you become more successful, the gender barrier disappears. The credibility challenges you have during your growing up years starts disappearing when you start demonstrating success. "
Kiran Mazumdar-Shaw
Growing Up
Challenges
Start
" 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
Place
Think
I Am
" As a traditionally risk-averse nation, India has rarely been at the forefront of innovation. Indian companies have mostly imitated others and became very good at it. "
Kiran Mazumdar-Shaw
Innovation
Good
India
" 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
Candid
Am
Honest
" 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
Job
Business
Chance
" We need to ask ourselves: What use is our scientific endeavor and innovation when they are inaccessible to the people who need them the most? It is only when the benefits of research reach the person on the lowest rung of the economic ladder that it can be considered to have delivered true value. "
Kiran Mazumdar-Shaw
Value
People
Innovation
" 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
India
Hate
Woman
" My passion for innovation and my interest in the 'business of science' has seen Biocon commercialize many innovative platforms and products. "
Kiran Mazumdar-Shaw
Innovation
Science
Passion
" Design, art, and science are all a melange. "
Kiran Mazumdar-Shaw
Art
Science
Design
" 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
Money
Business
Obstacles
" 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
Beer
You
Think
" I want to make sure that our bio-similars capture a huge market share and help cancer patients around the world, which we are already doing in the developing world because we didn't have access to these drugs. Biocon enjoys a large reputation of giving them high-quality cancer drug. "
Kiran Mazumdar-Shaw
Help
Giving
World
" 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
Influence
Government
Health
" 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
Balance
End
Look
" In Vedic times, we had the great quest for the unknown. We did wonderful things; we celebrate our past vigyaan and our wonderful heritage of science and technology of the Vedic times. "
Kiran Mazumdar-Shaw
Great
Past
Science
" 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
Best
Friend
Breast Cancer
" 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
Great
Team
Vision
" 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
Low
Innovation
High
" 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
Me
Need
People
" 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
People
Healthcare
" 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
Company
Me
India
" The brewing industry is a very, very male dominated industry. It's a male bastion. "
Kiran Mazumdar-Shaw
Male
Industry
Dominated
" 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
Truth
You
Art