Professional Documents
Culture Documents
INTRODUCTION
Major Shareholders
Mr. Siddharth Mittal is the Managing Director & CEO of Biocon Limited. He had joined Biocon in
May 2013 and served as President - Finance & Chief Financial Officer between August 2014 &
November 2019.He has over 20 years of global and diversified experience in the field of strategic
finance and accounting, mergers and acquisitions, taxation and general management. Mr. Mittal has
a Bachelor of Commerce (B. Com) degree from the Symbiosis College of Arts and Commerce, Pune.
He is a Chartered Accountant from the Institute of Chartered Accountants of India, New Delhi and a
Certified Public Accountant from Colorado, USA.
Dr Christiane Hamacher joined as Chief Executive officer (CEO) of Biocon Biologics India Ltd in
March 2019. Dr Hamacher has over 20 years of leadership experience in both strategic and
operational roles across the value chain in global pharma, spanning Asia, Europe and the U.S. She
has been with Roche, Basel, Switzerland since 2007 and prior to that spent 10 years at Schering AG,
Berlin, Germany. She holds a Ph.D. in Molecular Biology (Oncology) from the University Clinic
Bergmannsheil / University of Bochum, Germany. She also studied Economics at the University of
Hagen, Germany.
Though the company has pulled up the value chain up in the competition market
but what I believe is that the sector requires a streamline regulatory frame work
support to enhance the commercialization of value products and Biocon fell
short in this framework. Biotechnology is not considered as a priority sector by
the government of India. And it has to rest upon the research and development
only. The sector needs continuous creativity and innovation. To keep this it
requires extensive research work done. Research execution demands expensive
equipment to be imported. Government support is needed for this purpose.
There are some major drawbacks of the Biotechnology Industry which is
impacting Biocon negatively.
Biocon is a journey from failure to failure and succeeding in the end. Some key
features that admire me about the entrepreneur are her ability to take risks,
challenge the status quo, and never giving up attitude. It is being said that
entrepreneurs are risk takers because they believe that they can transform
anything. But taking risk is an act of intelligence and it needs to manage risks well
as well as mitigate it. And she has done it very efficiently. The other thing that I
like about the entrepreneur is her steps of effective innovation strategies. Biotech
is chocked with lots of regulations and there are huge risks and failure rates but
she has managed it very strategically.