Biotech entrepreneur Kiran Majumdar-Shaw is the CEO of Biocon India Corp.
When her company opened publicly in the stock market yesterday, she also became India’s richest woman:
After a frenetic day of watching her baby make a billion dollar stock market debut on Wednesday, Kiran Majumdar-Shaw popped open the bubbly and thanked all who helped Biocon become India’s first big-ticket biotech listing.
On a balmy evening, the 50-year-old entrepreneur, who started her business with just Rs 10,000 from a garage in Bangalore, threw a party at the Taj Mahal Hotel at Mumbai’s southern tip of Colaba.
There was lots to celebrate — she is now the richest first generation woman promoter ever in the country with a net worth of $450-million […] — thanks to the 50 per cent premium commanded by her company valuing Biocon at $1.1 billion. Majumdar-Shaw owns 40 per cent of the firm.
And to whom does Indian’s richest woman turn to for personal inspiration? Ayn Rand, among others.