Kiran Mazumdar-Shaw named EY Entrepreneur of the Year

26 February 2020 2 min. read

Kiran Mazumdar-Shaw, the Managing Director of Biocon, has been named Entrepreneur of the Year by EY. She will now be invited to the EY World Entrepreneur of the Year Awards in Monte Carlo in June this year, competing against country winners from across the globe.

Biocon is a healthcare services firm focused on leveraging biotechnology to develop pharamaceutical solutions. Mazumdar-Shaw founded the firm in 1978, and has since overseen the firm’s growth into a substantial global operation, active in more than 120 countries across the globe and generating revenues in excess of $500 million.

The firm’s innovations predate the technological revolution in pharmaceutical, and has been instrumental in the treatment of chronic illnesses such as diabetes, cancer and autoimmune disorders. As the healthcare sector grows increasingly digitalised, Biocon has signficiantly developed its biotechnology capabilities.

In Biocon’s home market in India, technological integration within the healthcare space is advancing rapidly, a development labeled by EY itself as Life Sciences 4.0. Earlier this year, RedSeer Consulting reported that India's eHealth industry alone presents a $16 billion opportunity in the lead up to 2025.

On the back of Biocon's success in India and across the globe. EY has now recognised Mazumdar for her leadership at the 21st edition of the Entrepreneur of the Year awards (EOY), while also naming nine other winners in a variety of categories.

For instance, the EOY award in the startup category went to Founder & CEO of online cosmetics marketplace Nykaa E-Retail Falguni Nayar, while the Transformational Impact Person of the Year award went to Senior Managing Director of Real Estate at Blackstone Tuhin Parikh.

There was also a dedicated category for the manufacturing sector, as well as for Entrepreneurial CEO. Veteran Indian businessman Adi Godrej, meanwhile, was awarded the Lifetime Achievement Award. Winners were selected by a panel of eight members, led by Managing Director & CEO of Kitak Mahindra Bank Uday Kotak.

Commenting on the winners, Chairman of EY India Rajiv Memani said, “The winners of this year come from both long-established and new-age businesses, but what is common to them is how they have transformed their companies or reimagined the entire sector by taking bold bets, and using technology and innovation to delight their customers. These inspiring entrepreneurs have pursued a strong purpose and focused on creating long-term value for all stakeholders.”