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" My father was a brew master. He was the one who I was very close to, he influenced me in many many ways including my pursuing a career as a brew master. "

Kiran Mazumdar-Shaw

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" 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

" 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

" 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

" 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

" 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

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

Kiran Mazumdar-Shaw

" It is always nice to reflect on how one started. "

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 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

" You have to build a culture of philanthropy. In a country like India, we need to be sensitive and caring about the poorer, more disadvantaged section of our country. "

Kiran Mazumdar-Shaw

" 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

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

Kiran Mazumdar-Shaw

" I don't know whether I can call myself a visionary. "

Kiran Mazumdar-Shaw

" I believe in never giving up, no matter what the odds. My mantra is, 'Failure is temporary. Giving up is permanent.' "

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

" Inherently, I have a social conscience which my late father inculcated in me. He was not exactly a very wealthy man, but he was very concerned about the underprivileged, about the people who didn't have equal opportunities. "

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

" 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

" 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

" 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

" 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

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

Kiran Mazumdar-Shaw

" Design, art, and science are all a melange. "

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

" 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

" 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

" I think there's a certain paranoia about science because there is a certain risk related to science which people are very wary about, and therefore, there is an inherent risk aversion to science and technology or, at least, science and technology of unknown. "

Kiran Mazumdar-Shaw

" 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

" 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

" 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