Kiran muzumdar shaw

Successful Entrepreneurs

Prepared by saikrushna guntapelliwar (saikrushnaguntapelliwar@gmail.com)

Born on 23rd march in 1953 in Bangalore .Schooling at Bishop Cotton Girls School &

Mount Carmel College at Bangalore .B.Sc in Zoology from Bangalore University . Qualified as a master brewer from Ballarat

University, Australia .CMD, Biocon Ltd., India’s biggest

Biotechnology Company .In 2004, she became India’s Richest Woman .

INTRODUCTION

Kiran Mazumdar Shaw is married to John Shaw, a Scotsman and Indophile.

John Shaw headed a leading textiles MNC, Madura Coats from 1991 to 1998 as CMD.

Currently, John Shaw is Vice-Chairman of Biocon, Ltd.

Personal life

In 1978, joined Biocon Biochemical Limited, of Cork, Ireland as a Trainee Manager

In 1978 itself, started Biocon in garage in Bangalore with a capital of Rs. 10,000.

Within a year, Biocon became the first Indian company to manufacture and export enzymes to USA and Europe

In 1990, upgraded Biocon’s in-house research program, based on a proprietary solid substrate fermentation technology.

The commercial success of this program led to a three-fold expansion by 1996 and Biocon entered the biopharmaceuticals and statins segments

Progressive journey

In 1998, Biocon became an independent entity. In 2000, Biocon's proprietary bioreactor, christened

PlafractorTM, based on solid matrix fermentation received a U.S. patent.

By 2003 Biocon became the first company worldwide to develop human insulin on a Pichia expression system.

In 2004, to access the capital markets to develop Biocon’s pipeline of research programs .

Biocon’s IPO was oversubscribed 32 times and its first day at the bourses closed with a market value of $1.11 billion.

It made Biocon the 2nd only company to cross $1 billion mark on the first day of listing.

Entered into more than 2,200 high-value R&D licensing and other deals within the pharmaceuticals and bio-pharmaceutical space between 2005 & 2010 .

Med Ad News, in its 2007/08 listings has ranked Biocon 20th amongst the leading biotechnology companies in the world.

Biocon also recently received the 2009 BioSingapore Asia Pacific Biotechnology Award for Best Listed Company .

Med Ad News, in its 2007/08 listings also ranked Biocon as 7th Largest Employer in the world.

Indian laws restricted foreign ownership to 30% of the company. The remaining 70% belonged to Kiran Mazumdar.

faced credibility challenges :because of her youth, gender and her untested business model.

Funding was a problem.

Uninterrupted power, superior quality water, sterile labs.

imported research equipment, and workers with advanced scientific skills were not easily available .

Challenges faced

Difficult to recruit people : to work for her start-up. Her first employee was a retired garage mechanic.

Faced the technological challenges associated with trying to build a biotech business in a country with a shaky infrastructure.

Affordable innovation .Continuous concentration on research and

development.Identifying the need for affordable drugs less

wealthy countries and looked for opportunities to develop cost effective techniques.

Notice the market potential and do work on that .

Strategy adopted

Independence:  Preference for Limited Structure:  Risk Acceptance:  Passion:  Future Focus: Execution: Optimism:  Interpersonal Sensitivity:  

Insights as an entrepreneur -360 degree dimension

TIME magazine’s 100 most influential people in the world.

2011 Financial Times’ top 50 women in business list.

2014, the 92nd most powerful woman in the world by Forbes.

the Othmer Gold Medal (2014) for outstanding contributions to the progress of science and chemistry,

the Nikkei Asia Prize (2009) for Regional Growth, the ‘Veuve Clicquot Initiative For Economic Development For Asia' Award (2007),

Award and recognition

Ernst & Young Entrepreneur of the Year Award for Life Sciences & Healthcare (2002), and 'Technology Pioneer' recognition by World Economic Forum (2002).

Padma Shri (1989) and the Padma Bhushan (2005) from the government of India.

She was given the Economic Times Award for 'Businesswoman of the Year' in 2004.

At the Pharmaleaders Pharmaceutical Leadership Summit she was named "Global Indian Woman of the Year" (2012) she also received the Express Pharmaceutical Leadership Summit Award for "Dynamic Entrepreneur" in 2009.

Kay learning from Mrs. Kiran muzumdar ShawLeadership qualities .Face the challenges .  The ability to motivate employees at various levels. It is essential for the leader to emphasis the importance of

ethics to the employees -- new and old on an ongoing basis.How to become a better leader not a boss .Why personal branding is important for a entrepreneur . leadership by demonstrating the importance of

acknowledging the efforts of the entire sales force irrespective of whether they met their targets. It brings in team spirit and a collective celebration of success.

Key learning's

Thank you !