How did you secure your business license during the height of the License Raj?
Replied byKiran Mazumdar-Shaw
Founder & Executive Chairperson at Biocon
Niche: Health & Wellness
Revenue: Approx. $172 Million/month
Location: Bengaluru, Karnataka, India
Started: 1978
In 1978, the corridors of Udyog Bhavan were filled with touts demanding bribes to speed up applications. I walked directly into the office of the secretary in charge, Mr. Biswas, and explained that I wanted to build an honest company. He was horrified, gave me a desk, and processed my license in two weeks.
0
From the Full Interview
This answer is part of a full interview with Kiran Mazumdar-Shaw, Founder & Executive Chairperson at Biocon.
Share this Answer
Found this insight valuable? Share it with your network to help others learn from Kiran Mazumdar-Shaw's experience.
Cite This Answer
Use this answer in your research, article, or academic work
Related Answers
How did your challenging childhood as an Albanian immigrant in the United Kingdom shape your drive to win?
By Krissy Cela
Health & Wellness
Approx. 16.6 Million USD/mo
Why do you reject the idea that your employees are your family?
By Krissy Cela
Health & Wellness
Approx. 16.6 Million USD/mo
How did you pitch the launch of Oner Active to your business partners?
By Krissy Cela
Health & Wellness
Approx. 16.6 Million USD/mo
How does starting a business during difficult economic times compare to starting in frothy times?
By Adrian Gore
Health & Wellness
Approx. 400 Million/mo
How did your father's liberal worldviews shape your early career decisions?
By Kiran Mazumdar-Shaw
Health & Wellness
Approx. $172 Million/mo
What was your father's perspective on paying capitation fees to secure a college seat?
By Kiran Mazumdar-Shaw
Health & Wellness
Approx. $172 Million/mo
Why did you choose to focus on industrial enzymes as your first business venture?
By Kiran Mazumdar-Shaw
Health & Wellness
Approx. $172 Million/mo