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Entrepreneurs ENTREPRENEURS History of various entrepreneurs along with their success stories. Content Page no Kiran Mazumdar Shaw by Sushmita Bhowmik 2 Hina Shah by Pallavi Bramha 4 Sachin Bansal & Binny Bansal.by Himani Garg 8 Narayan Murthy by Rohit Ratan 10 Y K Modi by Sayantan Sen 12 Deepinder Goyal by Neha Bhattacharyya 14 V.G Siddhartha by Salvi 16 Ghanshyam Das Birla by Soumishree Chottopadhay 19 M.S. Oberoi by Ranjeeta Sen 21 Nirma Limited by Niin Nitesh Ranjn 24 1 THE BIOCON INDIA LADY: Kiran Mazumdar Shaw (born 23 March 1953) is an Indian entrepreneur. She is the chairman and managing director of Biocon India Limited, a biotechnology company based in Bangalore (Bengaluru), India[4] and the current chairperson of IIM-Bangalore.[5] In 2014, she was awarded the Othmer Gold Medal, for outstanding contributions to the progress of science and chemistry. She is on the Financial Times’ top 50 women in business list. As of 2014, she is listed as the 92nd most powerful woman in the world by Forbes. Early life and education Kiran Mazumdar was born to Gujarati parents in Bangalore, India. She went to school at Bangalore’s Bishop Cotton Girl's High School, graduating in 1968. She then attended Mount Carmel College, Bangalore, a women's college offering pre-university courses as an affiliate of Bangalore University. She studied biology and zoology, graduating from Bangalore University with a B.Sc. in Zoology in 1973. Mazumdar hoped to go to medical school, but did not obtain a scholarship. Her father, Rasendra Mazumdar, was the head brewmaster at United Breweries. He suggested that Kiran study fermentation science, and train to be a brewmaster, a very nontraditional field for a woman.[16] Mazumdar went to Ballarat College of Advanced Education in Australia to study Malting and Brewing. In 1974 she was the only woman enrolled in the brewing course, and the top of her class. She earned the degree of Master Brewer in 1975. Work Life: She worked as a trainee brewer in Carlton and United Breweries, Melbourne and as a trainee maltster at Barrett Brothers and Burston, Australia. She also worked for some time as a technical consultant at Jupiter Breweries Limited, Calcutta and as a technical manager at Standard Maltings Corporation, Baroda between 1975 and 1977. However, when she investigated the possibility of further work in Bangalore or Delhi, she was told that she would not be hired as a master brewer in India because "It's a man's work." 2 She began to look abroad, and was offered a position in Scotland. BIOCON: Before Kiran could move, she met Leslie Auchincloss, founder of Biocon Biochemicals Limited, of Cork, Ireland. Auchincloss's company produced enzymes for use in the brewing, food- packaging and textile industries. Auchincloss was looking for an Indian entrepreneur to help establish an Indian subsidiary. Mazumdar agreed to undertake the job on the condition that if she did not wish to continue after six months she would be guaranteed a brewmaster's position comparable to the one she was giving up. After a brief period as a Trainee Manager at Biocon Biochemicals Limited, of Cork, Ireland, to learn more about the business, Kiran Mazumdar returned to India. She started Biocon India in 1978 in the garage of her rented house in Bangalore with a seed capital of Rs. 10,000. Although it was a joint venture, Indian laws restricted foreign ownership to 30% of the company. The remaining 70% belonged to Kiran Mazumdar. Now Kiran Mazumder is an owner of Net worth of US$ 655MILLION as on October 13. The company's initial projects were the extraction of papain (an enzyme from papaya used to tenderize meat) and isinglass (obtained from tropical catfish and used to clarify beer). Within a year of its inception, Biocon India was able to manufacture enzymes and to export them to the United States and Europe, the first Indian company to do so. At the end of her first year, Kiran Mazumdar used her earnings to buy a 20-acre property, dreaming of future expansion. 3 Hina Shah is an Indian entrepreneur. Hina Shah, Founder, ICECD, is a Master of Science specializing in Human Resource Development areas. Born and brought up in Jamshedpur, she studied her MSc. at the Maharaja Sayajirao University – Vadodara. She grew up to learn classical dance at Ravidra Parishad. At that time, society (be it parents, husbands, in laws, relatives, neighbours, banks or even market) was not prepared to see women being independent. Resistance from society, friction at emotional and economic levels, along with financial institutions refusing to give loans made it all the more difficult for her to initially take the plunge towards better career prospect. However, with determination and grit to achieve her goal she emerged a successful entrepreneur in the field of plastic packaging, while effectively balancing various other roles of a mother, a wife and a daughter. She began her career in 1976 in the plastic packaging industry. Having experienced problems and constraints herself, when she came across deprived, poor and helpless women suffering due to economic deprivations, She decided to take up the mission to lead them towards self - employment and entrepreneurship. She pioneered. “Women Entrepreneurship Development Programmes” in Ahmedabad, Gujarat, India - in 1982, with 25 women participants of which 16 established their non - traditional businesses. Encouraged by the success she refined the model and implemented it in other districts of Gujarat and various states of India. These women entrepreneurs were recognized as "economic contributors” by the financial /support institutions and the policy makers, and specialized women development policies were formulated by the government to support women in rural areas. Her concern for these women suffering translated into a dream to expand this movement to the disadvantaged and poor women in nook and corner of the rural areas of the country. She felt the need to build up a specific national / international level organization, with no limitations or defined boundaries to work for these women. In 1986, she transformed her own entrepreneurial experience into a developmental initiative and started ICECD. ICECD is a unique institute for entrepreneurship perhaps the only one of it is kind that has facilitated thousands of disadvantaged women and youth to become entrepreneurs not only in India but all over the 4 developing world. It came to be recognized as a Centre of Excellence by the United National ESCAP Thailand in the year 2000. Hina Shah has helped the organization to grow and transform by her vision, mission oriented responsive leadership, which has led to an equally focused and motivated team of capable human resource. ICECD has been the vanguard of Micro, Small and Medium Enterprise (MSME) Development amongst varying target groups and has worked extensively around the globe keeping gender issues in sharp focus. It has consistently striven to increase access/control of the poor on productive resources and facilities. The centre's activities revolve around income generation through self-employment/entrepreneurial activities, encompassing a wide cross section of the society. With special focus on gender issues, the centre have developed models and strategies that include awareness building/capacity building training/linkages to develop women of various strata (rural/tribal/urban) of society into mainstream economic partners. Information at ICECD is disseminated through seminars, workshops, conferences, technology transfer, publications, policy planning, research on related aspects, and training of trainers and facilitators, consultancy and extension services like institutional capacity building of development agencies. “Institution is an NGO, registered under Trust and Society Act. The sources of finance are Government grants, international funds as well as self-generated funds received by charging fees to clients. The accounts are regularly audited as per the requirements.” ICECD took up the challenge to change the dismal face of Iyava Vasna, and with great difficulty, slowly transformed the village into a model village by involving 90 of the 130 households, especially women, in small and micro enterprises. They have implemented specialised Women Entrepreneurship Model in the village and formed 17 Self Help Groups (SHGs) with 233 women joining these groups. Initially, it was difficult to run these groups as women refused to break free from the traditional moulds. ICECD trained these women to start their own micro business. Based on the village infrastructure and resources, about 70 women were trained by ICECD to start the milk cooperative. They were imparted technical and scientific knowledge and were provided resources for cattle-breeding, milk testing and storage. With the help of the micro-credit from ICECD, they started the dairy business. Their lives have taken a new turn. It is a matter of pride 5 for ICECD that the dairy business which is the key to the turnaround in the village, both socially and economically, is taking a further leap. The dairy, which until now was operating at a small rented premise, is now going to have a more stable base. Today, at Iyava Vasna, one can see a group of women working at a measured and contended pace in the tropical heat who are also involved in other businesses like manufacturing garments, spices, snack food, Rexene bags and boxes in their free time. From no income to receiving an income between Rs. 2000- Rs. 10,000 per month is a substantial sum for their financial independence and a significant turning point for them. Through the ICECD Federation, these women’s groups in Iyava Vasana have been federated and have evolved as Community Based Organizations (CBOs). These CBOs work in close co-ordination with ICECD and a variety of socio-economic activities have been implemented by them. The transformation from “Housewife” to “Entrepreneur“ has brought about a major change in their thinking patterns, and now, even the next generation of children are aspiring to become entrepreneurs.
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