Section 34
Kiran Mazumdar-Shaw
Started Biocon in her garage in 1978 and built India's largest insulin maker. (Biocon)
- life
- Born 1953
- era
- 1947 to 1991
- 32 times
- IPO oversubscription (about) · 2004
- Over ₹10,000 crore
- Total IPO demand · 2004
- 2
- Employees at start · 1978
The story
Kiran Mazumdar-Shaw trained as a master brewer in Australia. In 1978 Leslie Auchincloss, founder of Biocon Biochemicals in Ireland, suggested she run a new Indian venture.
Biocon India began in her garage in Bangalore with two employees. Its first business was industrial enzymes for food and textile makers, a product it could sell while building skills.
From enzymes the company moved into medicines. Biocon became India's largest insulin producer, and its recombinant human insulin is sold in more than 40 countries.
In 2004 Biocon became India's first biotech company to go public. Its issue was oversubscribed about 32 times, with total demand above Rs 10,000 crore. She received the Padma Shri in 1989 and the Padma Bhushan in 2005.
Timeline
- 1978Starts Biocon India in her garage with two employees.
- 1989Receives the Padma Shri.
- 2004Biocon's public issue is oversubscribed about 32 times.
- 2005Receives the Padma Bhushan.
- 2020Named EY World Entrepreneur of the Year.