Kiran Mazumdar-Shaw net worth
Current Net Worth – $2.9 Billion (USD – 290 Crores), (Rupees – 23.1 Thousand Crores)
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Kiran Mazumdar-Shaw short biography
|Net Worth||$2.9 Billion|
|Born||March 23, 1953 (Age – 68)|
|Identified as||Chairperson and managing director of Biocon Limited|
|Education||Bangalore University, Bachelor of Arts/Science; Melbourne University, Master of Science|
|Spousal status||Married (John Shaw)|
Kiran Mazumdar-Shaw has a net worth of $2.9 Billion (Rupees – 23,127 Crores), making her the woman among the richest men in the world.
She is the former chairperson of the Indian Institute of Management, Bangalore, and the chairperson and managing director of Biocon Limited, a biotechnology company located in Bangalore, India.
She is an Indian business magnate.
She is one of the top 50 women in the industry. She was named the 2020 EY World Entrepreneur Of The Year.
In 1978, Mazumdar-Shaw, India’s wealthiest self-made woman, created India’s largest publicly traded biopharmaceutical company by sales.
Her philanthropic program, The Mazumdar Shaw Medical Centre, seeks to create a model of cancer treatment that is both safe and affordable.
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Kiran Mazumdar-Shaw biography
|Full Name||Kiran Mazumdar-Shaw|
|Birthplace||Bangalore, Karnataka, India|
|Height||5.3 feet; 161 cm|
Kiran Mazumdar was born in Pune, Maharashtra, to Gujarati parents on March 23, 1953.
She attended Bishop Cotton Girl’s High School in Bangalore and graduated in 1968. She then went to Mount Carmel College in Bangalore, a women’s college affiliated with Bangalore University that offers pre-university courses.
She earned a bachelor’s degree in zoology from Bangalore University in 1973 after studying biology and zoology. Mazumdar had hoped to attend medical school but was unable to do so due to a lack of funding.
Mazumdar-Shaw sponsored the creation and implementation of a basic mathematics textbook in Kannada schools in 2006, in partnership with McMillan India Limited and teacher Prathima Rao.
In 2009, she co-founded the Biocon Cell for Innovation Management at the Indian School of Business with Prasad Kaipa to finance a multi-year research program.
Leslie Auchincloss, the founder of Biocon Biochemicals Limited in Cork, Ireland, met Mazumdar before she could even move. Auchincloss’ company made enzymes for the brewing, food processing, and textile industries. Auchincloss was looking for an Indian entrepreneur to help them set up a subsidiary in the country.
Her company has successfully entered the competitive US biosimilars market, attracting investors’ interest.
In Malaysia’s Johor city, the company has sold 3 billion doses of insulin and operates Asia’s largest insulin factory.
Biocon has obtained approval from the Indian government to perform phase 4 trials for its drug Itolizumab, which could be used to treat Covid-19.
Private & early life
Rajendra Mazumdar, her father, was the head brewmaster at United Breweries.
He suggested she study fermentation science and train to be a brewmaster, a traditionally male-dominated profession.
Mazumdar studied malting and brewing at Ballarat College, Melbourne University in Australia.
She was the only woman participating in the brewing course in 1974, and she placed first in her class.
In 1975, she earned her master’s degree.
She was a trainee brewer at Carlton and United Breweries in Melbourne, as well as a trainee maltster at Barrett Brothers and Burston.
Between 1975 and 1977, she served as a technical consultant for Jupiter Breweries Limited in Calcutta and as a technical manager for Standard Maltings Corporation in Baroda.
When she inquired about the possibility of furthering her career in Bangalore or Delhi, she was told that “it’s a man’s job” and that she would not be hired as a master brewer in India.
She started looking for work abroad and was offered a job in Scotland.
- Mazumdar-Shaw was named to TIME magazine’s list of the world’s 100 most influential people in 2010.
- She was named one of the top 50 women in business by the Financial Times in 2011.
- Pharma Leaders Magazine named her global Indian of the Year in 2012.
- Forbes ranked her as the 92nd most strong woman in the world in 2014.
- She received the Othmer Gold Medal in 2014 for her exceptional contributions to the advancement of science and chemistry.
- In 2015, she was ranked 85th on Forbes’ list of the most powerful women in the world.
- She was ranked #2 in the Hurun Report India Philanthropy List 2019 for a donation of 72 crores (US$10 million) and #14 in the Hurun India Philanthropy List 2019 for a donation of 72 crores (US$10 million).
Mazumdar-Shaw has received numerous international awards, including the Othmer Gold Medal (2014) for outstanding contributions to science and chemistry, the Nikkei Asia Prize (2009) for regional growth, the “Veuve Clicquot Initiative For Economic Development For Asia” Award (2007), and the Ernst & Young Entrepreneur of the Year Award for Life Sciences and Healthcare.
Mazumdar Drive was named after Mazumdar, the founder of Federation University Australia (formerly the University of Ballarat), in May 2015.
The opening ceremony was attended by Kiran and Shaw. In 2019, she was elected to the National Academy of Engineering (NAE) in the United States for her contributions to the production of affordable biopharmaceuticals and the biotechnology industry in India. She is the first Indian woman to be honored in this way.
Kiran became the 4th Indian person to receive Australia’s highest civilian honor in January 2020.
Her contributions to the field of biotechnology have earned her numerous national honors, including the Padma Shri (1989) and Padma Bhushan (2005) from the Indian government.
In 2004, she was named ‘Businesswoman of the Year’ by the Economic Times.
She was named “Global Indian Woman of the Year” at the Pharmaleaders Pharmaceutical Leadership Summit in 2012, and she also won the Express Pharmaceutical Leadership Summit Award for “Dynamic Entrepreneur” in 2009.
Kiran Mazumdar-Shaw received the Indian Merchants’ Chamber Diamond Jubilee Endowment Trust’s Eminent Businessperson of the Year Award in 2006 from Maharashtra Governor S. Krishna.
She has also won the Indian Chamber of Commerce Lifetime Achievement Award (2005) and the American India Foundation’s ‘Corporate Leadership Award’ (2005). and the Rajyotsava Award of Karnataka (2002).
Net worth statistics
- March 2015 – $1.0 B
- March 2017 – $2.1 B
- March 2018 – $3.1 B
- March 2019 – $3.5 B
- April 2020 – $2.6 B
- April 2021 – $4.0 B
- April 2022 – $3.3 B