How did you secure your first bank loan after facing multiple rejections?
Replied byKiran Mazumdar-Shaw
Founder & Executive Chairperson at Biocon
Niche: Health & Wellness
Revenue: Approx. $172 Million/month
Location: Bengaluru, Karnataka, India
Started: 1978
I met a banker from Canara Bank at a wedding reception. I explained the concept of biotechnology and shared my frustration about getting rejected by other banks. He got excited about my passion and understanding of the business and told me to visit his office to get a credit line.
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 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
How did you secure your business license during the height of the License Raj?
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
How did your friend's battle with cancer influence your work in oncology biosimilars?
By Kiran Mazumdar-Shaw
Health & Wellness
Approx. $172 Million/mo
Why did you choose to bypass the Indian market for your first GLP-1 drug launch?
By Kiran Mazumdar-Shaw
Health & Wellness
Approx. $172 Million/mo
Why did you choose your niece Claire as your successor at Biocon?
By Kiran Mazumdar-Shaw
Health & Wellness
Approx. $172 Million/mo