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Biocon was founded in 1978 with Rs.10,000 as the initial capital by a Kiran Mazumdar who was born to Gujarati parents in Bangalore. [7] [8] In 1979, Biocon Became the first Indian company to manufacture and export enzymes to the US and Europe. [9]
Biocon evolved from manufacturing speciality enzymes to pharmaceuticals like statins and immunosuppressants, to discovering, developing, and producing life-saving biotherapeutics. It has been a journey of endurance over several decades - from being the ‘first Indian company’ to win U.S. Food & Drugs Administration (FDA) approval for ...
BioconBusinessesRecommended SitesRecommended SitesHome ...Our Growth Accelerators ...ABLE Karnataka Vision ...ABLE Karnataka Vision ...© 2018, Biocon. All Rights ReservedBiocon. Before Mazumdar could move, she met Leslie Auchincloss, the founder of Biocon Biochemicals Limited, of Cork, Ireland. Auchincloss's company produced enzymes for use in the brewing, food-packaging and textile industries. Auchincloss was looking for a partner in India to help establish an Indian subsidiary to supply him with Papain.
- Kiran Mazumdar Shaw - Personal Life
- Kiran Mazumdar Shaw - Education
- Kiran Mazumdar Shaw - Professional Life & Career
- Kiran Mazumdar Shaw - Founder of Biocon
- Kiran Mazumdar Shaw - Expansion of Biocon
- Kiran Mazumdar Shaw - Board Memberships
- Kiran Mazumdar Shaw - Challenges Faced in Entrepreneurship
- Kiran Mazumdar Shaw - Success Story
- Kiran Mazumdar Shaw - Philanthropy
- Kiran Mazumdar Shaw - Awards & Recognitions
Kiran Mazumdar-Shaw was born to Gujarati parents in Banglore on 23rd March 1953, in a middle-class family. Her father, Rasendra Mazumdar was the head brewmaster at United Breweries. Since childhood, she aspired to become a doctor but couldn’t get a scholarship. In 1974, she was the only girl pursuing brewery course and topped in her class. At the a...
Kiran initially wanted to follow in her father’s footsteps. She studied at Bangalore’s Bishop Cotton Girl’s high school. She then took a pre-university course from an affiliate of Bangalore University, Mount Carmel College. She further graduated with a bachelor's degree in zoology from Bangalore Universityin 1973. Kiran wanted to pursue medical col...
Kiran started her professional career from Carlton and United Breweries, Melbourne, where she worked as a trainee brewer. Kiran Mazumdar completed her training in Carlton and United Breweries. She also worked at Barrett Brothers and Burston, Australia, as a trainee maltster. After coming back to India, she joined Jupiter Breweries in Calcutta as a ...
Kiran started with Biocon in 1978, she faced many challenges because of her youth, gender, and her untested business model. No bank wanted to lend her money, thus funding was a big issue. After getting her first fundingshe started with her first factory which was in a nearby 3000 sq. ft shed. The extraction of papain (a papaya enzyme used to tender...
She managed to establish two subsidiaries of Biocon including, Syngene in 1994 and Clinigenein 2000. Syngene provided a contractual basis early research and development support service while Clinigene focused on clinical research trials and the development of both generic and new medicines. Clinigene was later merged in Syngene and it has a current...
She is a member of the board of governors of the Indian School of Business and a term member of on theboard of MIT, USA till 2023. She has been a former member of the Indian Institute of Technology Hyderabad. She was the first woman to head the board of governors of the Indian Institute of Management Bangalore (IIMB). She is an independent director...
She started with a seed capital of Rs.10,000. Inspite of being a joint venture, Indian laws restricted foreign ownership to only 30% of the company. Thus, 70% of the company belonged to Kiran Mazumdar Shaw. She faced reliability challenges because of her youth, gender, and untested business model. She was unable to secure funding for her company in...
Kiran metLeslie Auchincloss, who is the founder of Biocon Biochemicals Limited, of Cork, Ireland. The aforesaid company produces enzymes to be used in brewing, food packaging, and textile industries. Auchincloss was desperately looking for an entrepreneur in India, who would help her in establishing an Indian subsidiary of Biocon. Kiran agreed to u...
With the great success of her company, Biocon has allowed Kiran to donate and be the support of the people who need help but do not have the resources. Kiran is a firm believer in sharing and cares about people hence giving at least half of her wealth to philanthropic work. This was when she joined The Giving Pledge movement in the year 2015. With ...
Kiran Mazumdar has been awarded several times for her leadership and success in entrepreneurship. 1. She has been Conferred with the Bombay Management Association (BMA) Business Leader of The Decade Award in 2022. 2. She has been awarded with the "Spirit of TiE - Trailblazers Award" by TiE Bangalore on World Entrepreneurs Day in 2021. 3. Biocon has...
- Indian
- 23 March 1953
- Entrepreneur, Brewmaster
Sep 29, 2022 · Known as an international pioneer, Biocon Limited, is an Indian biopharmaceutical firm founded by Kiran Mazumdar-Shaw in 1978. The company is based in Bangalore, India, and produces generic active pharmaceutical ingredients (APIs) that are distributed in over 120 countries worldwide.
- 1978
- Biopharmaceuticals
- Kiran Mazumdar-Shaw
- Public
Biocon was incorporated as Biocon India Private Limited on November 29, 1978 under the Companies Act. The word 'Private' was deleted from our name under the provisions of Section 43A(2) of the Companies Act with effect from July 1, 1995.
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Biocon’s Founding Day. Incorporation certificate 29th November 1978. Biocon India Pvt. Ltd. is incorporated as a joint venture between Kiran Mazumdar-Shaw and Biocon Biochemicals Ltd. Ireland. Starting with three employees in a rented shed in Koramangala, suburban Bangalore.
