The Richest Lady in India: How Much Worth Does She Have?
Wealth makes the world go around, and in India, there’s no shortage of wealthy individuals. But who is the richest lady in India? This article provides an overview of the wealthiest female Indian entrepreneur and her incredible success story.
The Richest Lady in India
The most successful female businessperson in India is Kiran Mazumdar-Shaw, the chairperson and founder of Biocon Limited. She founded Biocon in 1978, and it has since grown into a billion-dollar biopharmaceuticals company. As of 2021, her estimated net worth is over 11.6 billion USD.
Kiran Mazumdar-Shaw’s Biographical Information
Kiran Mazumdar-Shaw was born on 23 March 1953 in Bangalore, India. She attended Bangalore University where she graduated with a degree in zoology. She then completed a postgraduate degree in brewing technology at Ballarat College in Australia.
Returning to India, Mazumdar-Shaw was unable to find employment and decided to start her own business. She founded Biocon in 1978 with a capital of 10,000 INR and was the first Indian company to focus on industrial enzymes.
Overview of Biocon
Biocon is an Indian biopharmaceuticals company focused on biosimilars, biotherapeutics, and pharmaceuticals. It’s the first Indian publicly listed biotechnology company and the first to delve into the biopharmaceuticals industry. From its humble beginnings, Biocon has grown exponentially, with global operations in key markets including the US, Europe, and Japan.
Mazumdar-Shaw serves as both the chairman and managing director of the company. Her hard work, dedication, and vision have allowed Biocon to become one of the world’s leading biopharmaceutical companies.
Kiran Mazumdar-Shaw’s Accomplishments and Awards
Due to her brilliant leadership of Biocon, Mazumdar-Shaw has been showered with accolades throughout her career, some of which are detailed below:
• Awarded Entrepreneur of the Year in 2011 by ET Now and the Economic Times
• Awarded Outstanding Professional of the Year in 2012 by the All India Management Association
• Awarded the Padma Shri in 1989, India’s fourth-highest civilian award
• She was appointed as a member of the Prime Minister’s Council for Trade & Industry in 2008
• She is a former member of the United Nations High Level Advisory Group
• Awarded the Padma Bhushan in 2005, India’s third-highest civilian award
• Awarded the Othmer Gold Medal in 2014, an award for outstanding contributions to the progress of science and chemistry
Charitable Initiatives and Philanthropy
Mazumdar-Shaw has set up several trusts for philanthropic purposes, such as the Biocon Foundation and the Mazumdar-Shaw Medical Foundation. The Biocon Foundation is focused on empowering underprivileged communities in rural India with access to healthcare, education, and employment opportunities. The Mazumdar-Shaw Medical Foundation is committed to advancing innovative treatments and access to quality healthcare.
Kiran Mazumdar-Shaw has also set up several educational institutions, such as the Indian Institute of Management Udaipur, which is currently ranked eighteenth in the country.
Kiran Mazumdar-Shaw is the richest lady in India, with an estimated net worth of more than 11.6 billion USD. She is an inspirational figure for many women across India, and her philanthropy has helped empower millions of people throughout the country. Her dedication to Biocon and commitment to making a positive difference has allowed her to reach the pinnacle of success.
