KIRAN MAZUMDAR SHAW - Injecting health

IIPM INTERNATIONAL - NEW DELHI, GURGAON & NOIDA

KIRAN MAZUMDAR SHAW
Injecting health

The person who introduced Biotechnology to India is now all set to position the company in the global arena. She is none other than Kiran Mazumdar Shaw, CMD, Biocon (and currently also India’s richest woman). Shaw started Biocon in a small garage and it was just an enzyme company at that point of time. It was her clear vision that helped the company grow into a pharma stalwart in a short span of time. ‘Putting the grass where the horse’s mouth is...’ the strategy followed by Shaw. “The source of Biocon’s success as I see it is a visionary like Kiran Majumdar Shaw at the top of the management. Her being at the top has enabled Biocon to do what no one has done till date,” avers an analyst at Edelweiss Capital. Shaw is a lady whose reputation transcends all geographical boundaries. “Currently, India is fourth largest producer in pharma and our company is making all the possible efforts to escalate the country to the number one spot,” avers Kiran Mazumdar Shaw to B&E. Biocon’s strategy of innovative research truly empower India to make the 21st century the Indian century. The company has till date been able to achieve a commendable CAGR of 10-15% every year and if the strategy of innovative research goes in favour of the company in the near future Shaw can take the company to newer heights. “We are an innovation-led company and our major aim is to come out with at least $1 billion worth of blockbusters,” adds Shaw. As India is becoming a high end niche manufacturing hub by the day, Kiran’s Biocon is getting ready for the coming time when bio-drugs’ demand would drastically rise. Her dream of making Biocon a truly global company would prove to be a new start to a new era for India’s pharma sector.

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Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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