Being a woman, I can tell you one thing— we have been beaten down forever. But this century has been a great one for the women of the world. And I can say this because of the rise of a number of successful women entrepreneurs across the globe.
One of the best examples of successful, self-made women in the world is Kiran Mazumdar Shaw. She is the Chairman and the managing director of one of the largest companies in India, Biocon.
Want to know more about her? Well, the best thing to do would be to keep reading this article till the end…
|Name||Kiran Mazumdar Shaw|
|Date Of Birth||23 March 1953|
|Spouse||John Shaw (1998)|
|Education||Mount Carmel College (pre-university course in Zoology and Biology)
Bangalore University (Bachelor’s Degree in Zoology)
Melbourne University, (Master’s Degree)
|Positions||Indian Institute of Management (Bangalore), Former Chairperson
Biocon (Founder and Chairperson)
|Known for||Founder of Biocon|
Who Is Kiran Mazumdar Shaw?
One of the most famous names in India, Kiran Shaw Mazumdar, is the managing director, Chairperson, and Founder of Biocon Limited. She is one of the most successful Indian business magnates.
She is known in the world not only for her position and money but also for her philanthropic nature. The Mazumdar Shaw Medical Center is an example of an institution that offers affordable and effective treatment for cancer.
At the same time, through her company, Mazumdar-Shaw has managed to fund the development of education and health in rural India. The Biocon Foundation was solely created to help the poor.
|Fun fact: Even though Kiran is involved with a lot of philanthropic activities, the business magnate does not like to term “philanthropy.” She prefers to be called a “compassionate capitalist” instead. Cool, isn’t she?|
Early Life Of Kiran Mazumdar Shaw: Woman In A Man’s World!
Born in the year 1953 in Bangalore (now Bengaluru), Kiran Mazumdar was a girl with many dreams. Her parents were Gujarati, and thus the business was in her blood.
But she was into science. That is the reason, even though she was not able to follow her dreams to pursue a line of medicine (as she could not get a scholarship), she knew how to turn the tables to her advantage.
She attended Bangalore University for her Master’s Degree in Zoology. Her father, who was a brewmaster at the famous United Breweries, suggested that Kiran study fermentation and become a trainee brewer.
“So different from what she had been doing…” I know, right?
But guess fate had other plans for her.
Biocon: How She Proved It!
When she wanted to become a brewmaster in Delhi and Bangalore, she was told that the position of a brewmaster is a “man’s work.” So, she decided to look for opportunities abroad.
The real founder of Biocon Biochemicals Limited, Leslie Auchincloss, offered her a job. The company at that time used to produce enzymes that could be used in the process of brewing as well as in the textile industry.
Kiran took the job and started studying and experimenting with enzymes. She worked in Ireland for a brief period and learned a lot about the entire process of how enzymes could be put to use for commercial gains.
Biocon India was launched in 1978. The main aim of the company was to produce enzymes that could be used in paper, alcoholic beverages, the textile industry, and other products. Now, there is something that you should know about the beginning of the company.
Biocon India was a joint venture of Mazumdar and Auchincloss. However, the government of India would not allow foreign ownership of the company. That is the reason why Auchincloss’s ownership was restricted to only 30%.
|Trivia: Did you know that Biocon was the first company in India that exported enzymes to Europe and the United States?|
Kiran Mazumdar Shaw was the pioneer in the industry as she was the main reason for the evolution of Biocon in the field of biopharmaceuticals. The research and products of Biocon India focused on oncology, diabetes, and certain auto-immune diseases.
Kiran also wanted to focus on discovering novel enzymes. Her determination and dedication was the reason why she managed to gather a lot of funds from several ventures in the country. This was the reason why she could spread the name of her company globally.
The Net Worth Of Kiran Mazumdar Shaw: All About The Money!
Mazumdar is one of the richest self-made women in India. And most of it is because of her biopharmaceutical company Biocon. She ranked at 72nd position in the year 2021 in the list of Power Women by Forbes.
Considering the fact that she is the chairperson and the founder of one of the largest biotechnology companies in India, there is no doubt that Kiran Mazumdar-Shaw makes a lot of money.
According to a Forbes report, Kiran Mazumdar-Shaw net worth is currently 2.8 billion dollars USD. In Indian currency, her net worth is around ₹ 23,127 crores.
Frequently Asked Questions (FAQs)
Now that you have reached almost the end of this article, I hope most of your doubts have already been cleared about Kiran Mazumdar Shaw. But, why don’t you read some of these questions that readers frequently ask?
Q1. In Which Year Did Kiran Mazumdar Shaw Start Her Business?
Ans: Kiran Mazumdar Shaw, an Indian businesswoman, is the Chairman and managing director of one of the largest companies in India, Biocon. She started her company in the year 1978.
Q2. What Is The Worth Of Biocon?
Ans: Biocon is one of the most famous companies in India. The operating income of Biocon India Group is around 140 million dollars (USD). However, the total asset of the company is 2.3 billion dollars (USD)
Q3. What Is The Net Worth Of Kiran Mazumdar Shaw?
Ans: The net worth of businesswoman Kiran Mazumdar Shaw, according to Forbes, is currently 2.8 billion dollars. However, considering how much the company has been progressing, her value is only expected to increase.
Bottom Line: Kiran Proved It That This Is A Woman’s World!
Kiran Mazumdar Shaw is one of the most successful women entrepreneurs not only in India but also in the world. She managed to grow her company, Biocon, and make it the second company in the country to cross the mark of one billion.
According to Forbes, her net worth is currently 2.8 billion dollars USD. She is one of the best examples of a self-made woman.
In case you were searching for Kiran Mazumdar Shaw, I hope that you found this article to be of help. Also, if there are any other questions regarding her or her life, feel free to comment them down in the box below.