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.
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