Dr. Kiran Mazumdar‐Shaw
Entrepreneur Dr. Kiran Mazumdar‐
Shaw, Chairman & Managing Director of
Bioon Ltd. She was educated at the Bishop
Cotton Girls School and Mount Carmel
College in Bangalore.
She founded Biocon India with a
capital of Rs.10,000 in her garage in 1978 ‐
the initial operation was to extract an
enzyme from papaya. Her application for
loans were turned down by banks then ‐
on three counts ‐ biotechnology was then a
new word, thecompany lacked assets, and
(most importantly) women entrepreneurs
were still a rarity. Today, her company is
the biggest biopharmaceutical firm in the
country.
In 2004, Biocon went for an IPO and the issue was over‐subscribed by over
30 times. Post‐IPO, Shaw held close to 40% of the stock of the company and was
regarded as India’s richest woman with an estimated worth of Rs. 2,100 crore (~U.S.
$ 480 million).
Anu Aga
This woman became the Chairperson of
Thermax Engineering after the death of
her husband Rohinton Aga. The
company’s condition was critical at that
time. Its share price dipped to Rs. 36 from
Rs. 400. Anu Aga, the then Director of
Human Resource, Thermax, was
compelled to take charge of the company.
In order to make the company profitable, she brought a consultant from
abroad and restructured the company. The strategy worked and the company saw
profit again. She stepped down from the post of chairperson in 2004. Now, she
spends most of her time in social activities. Bombay Management Association
awarded her Management Woman Achiever of the Year Award 2002‐2003.
After retiring from Thermax, she took to social work, and 2010 was
awarded the Padma Shri (Social Work) by Govt. of India.
Entrepreneur Dr. Kiran Mazumdar‐
Shaw, Chairman & Managing Director of
Bioon Ltd. She was educated at the Bishop
Cotton Girls School and Mount Carmel
College in Bangalore.
She founded Biocon India with a
capital of Rs.10,000 in her garage in 1978 ‐
the initial operation was to extract an
enzyme from papaya. Her application for
loans were turned down by banks then ‐
on three counts ‐ biotechnology was then a
new word, thecompany lacked assets, and
(most importantly) women entrepreneurs
were still a rarity. Today, her company is
the biggest biopharmaceutical firm in the
country.
In 2004, Biocon went for an IPO and the issue was over‐subscribed by over
30 times. Post‐IPO, Shaw held close to 40% of the stock of the company and was
regarded as India’s richest woman with an estimated worth of Rs. 2,100 crore (~U.S.
$ 480 million).
Anu Aga
This woman became the Chairperson of
Thermax Engineering after the death of
her husband Rohinton Aga. The
company’s condition was critical at that
time. Its share price dipped to Rs. 36 from
Rs. 400. Anu Aga, the then Director of
Human Resource, Thermax, was
compelled to take charge of the company.
In order to make the company profitable, she brought a consultant from
abroad and restructured the company. The strategy worked and the company saw
profit again. She stepped down from the post of chairperson in 2004. Now, she
spends most of her time in social activities. Bombay Management Association
awarded her Management Woman Achiever of the Year Award 2002‐2003.
After retiring from Thermax, she took to social work, and 2010 was
awarded the Padma Shri (Social Work) by Govt. of India.