Advertisment

Kiran Mazumdar features in Forbes list

author-image
CIOL Bureau
Updated On
New Update

BANGALORE, INDIA: Kiran Mazumdar Shaw, chairman and managing director of Biocon Ltd, India’s leading biotechnology major, was featured in 'The World's 100 Most Powerful Women' list, which is a prestigious ranking by Forbes. In total, the women featured on the Forbes list control $26 trillion worldwide.

Advertisment

Candidates for the Forbes list are globally recognised women at the top of their fields: chief executives and their highest-ranked lieutenants, elected officials, non-profit leaders. They don't have to be rich, but they do have to wield significant influence. This year, an architect, a war correspondent and several foundation executives, all won spots on the list.

The economic component of the ranking considers job title and past career accomplishments, as well as the amount of money a woman controls. A chief executive gets the revenue of her business, for example, while a Nobel winner receives her prize money and a UN agency head receives her organisation's budget.

Kiran Mazumdar Shaw has steered Biocon, which she founded in 1978 to make industrial enzymes into a top-20 global biotech company, Biocon makes drugs, including insulin and anti-cancer treatments. She is spearheading India's rapidly growing biotech industry. Shaw donates half of her dividends to fund hospitals and a health insurance program for poor villagers and has won the Padma Bhushan, one of India's highest civilian honours.