4.6 • 12 Ratings
🗓️ 29 May 2025
⏱️ 5 minutes
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Thwarted in her ambition to become a brewmaster, Kiran Mazumdar-Shaw channeled her frustrations into building an international knockoff drug powerhouse and has become one of the world’s most successful—and richest—female entrepreneurs.
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0:00.0 | Here's your Forbes Daily Briefing for Thursday, May 29th. |
0:05.3 | Today on Forbes, meet India's self-made biologics brewmaster billionaire. |
0:12.4 | Kieran Mazumdar Shah's booming drug business started not in a laboratory, but in a tin-roofed shed in Bangaluru, |
0:20.0 | the city formerly known as Bangalore, and the capital of the southern Indian state of Karnataka. |
0:26.3 | Inside, the 25-year-old was using the knowledge she had learned studying beer brewing in Australia |
0:31.6 | to ferment enzymes for customers like ocean spray cranberry juice. |
0:36.4 | Originally, she had wanted to be like her father, who was the head brewmaster at United |
0:40.8 | Breweries, the big Indian firm now owned by Heineken and famous for its Kingfisher |
0:45.6 | Beer. |
0:46.6 | But it was 1978, and she couldn't find a job. |
0:50.2 | No one wanted to hire a woman as a brewer. |
0:53.6 | Distraught and disillusioned, Mazumdar Shah put her education to another use, |
0:58.2 | making enzymes for industrial uses. |
1:01.2 | In partnership with an Irish entrepreneur who owned a company called Biocon, |
1:05.3 | and who was looking to expand to India, |
1:07.6 | she set up shop inside that hot shed. |
1:10.2 | She says, quote, I call myself an accidental |
1:13.1 | entrepreneur. The business became successful enough that Unilever bought it in the 1980s, |
1:19.4 | along with its Irish parent. Muzumdar Shaw stayed on to run the unit from Bangaluru until |
1:25.5 | 1998, when she and her late husband, John Shaw, bought |
1:29.4 | back Unilever's stake for about $2 million. |
1:32.8 | It was a steal. |
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