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" 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
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" 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
" 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'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
Face
Research
Failure
" Indian business women like Indra Nooyi, Chanda Kochhar, Naina Lal Kidwai, Shikha Sharma, Swati Piramal, Anu Agha, Swati Piramal, Sulajja Firodia Motwani and Zia Mody have put India on the global firmament. "
Kiran Mazumdar-Shaw
Women
India
Business
" It is always nice to reflect on how one started. "
Kiran Mazumdar-Shaw
Nice
How
Started
" 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
" 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
" 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
Need
Culture
Country
" 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
" 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
" 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
" I believe in never giving up, no matter what the odds. My mantra is, 'Failure is temporary. Giving up is permanent.' "
Kiran Mazumdar-Shaw
Failure
Giving
Believe
" 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
Women
Started
Pursue
" 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
Dream
Healthcare
Five
" 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
" 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
" 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
Father
Career
He
" 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
" I don't know whether I can call myself a visionary. "
Kiran Mazumdar-Shaw
Visionary
Myself
Know
" 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
World
Innovation
Make A Difference
" 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
Responsibility
Think
People
" 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
Science
You
Technology
" 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
Nature
Space
Science
" Pioneering companies always try out new things and experiment with new concepts and new things. "
Kiran Mazumdar-Shaw
Things
Always
New
" 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
" Once you start succeeding, you start dreaming big. For me, it was that way. "
Kiran Mazumdar-Shaw
Dreaming
Big
Start
" 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
" 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
" 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
Think
Technology
Science
" 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