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Entrepreneurship

Entrepreneurship

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Published by: Hrishikesh S. Kanajam on Apr 21, 2011
Copyright:Attribution Non-commercial

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06/01/2013

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Entrepreneurship
 
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S
he is the first woman in the country to step into the field of brewing and industrial enzymes. KiranMazumdar founded Biocon India -owned 70 per cent by Kiran and 30 per cent by the Irish company.
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set-up Biocon 30 years ago in the garage of her rented house. In fact, the garage doubled up as her office.she had to make the most of available resources and started with Rs 10,000 in the bank.
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Challenges then :
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credibility challenges:
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age,
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gender and unfamiliar business .
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the technological challenges of trying to build a biotechnology business in a country where infrastructurewas too primitive to support a high-tech industry
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Her business was so dependent on uninterrupted, high-quality power, high-quality water, sterile labs,imported research equipment, advanced scientific skills and the like.
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Today :
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Biocon is India's leading integrated biotechnology enterprise focused on the development of biopharmaceuticals. Biocon entered the stock market with its IPO and became only the second Indiancompany to cross the $ 1 billion mark on the day of listing

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