Dr Shaw 2nd Woman Winner of EY Award

Dr. Kiran Mazumdar-Shaw, Executive Chairperson of India-based Biocon Limited, was named EY World Entrepreneur Of The Year™ 2020 at a virtual award ceremony. Kiran was picked from among 46 award winners from 41 countries and territories vying for the world title. In the award's 20-year history, Kiran becomes the third EY World Entrepreneur of the Year Award winner from India. She follows former Indian world title winners Uday Kotak of Kotak Mahindra Bank (2014) and Narayana Murthy of Infosys Technologies Limited (2005). She also becomes the second woman to hold the title, following Olivia Lum of Hyflux Limited from Singapore in 2011. Kiran, 67, founded Biocon, a bio-enzymes company, in 1978 with just two employees and US$500. Since its inception, Biocon has grown to employ more than 11,000 people and become one of the strongest innovation-driven biotechnology companies in Asia with revenues of US$800m for FY19.