What was your father's perspective on paying capitation fees to secure a college seat?
Replied byKiran Mazumdar-Shaw
Founder & Executive Chairperson at Biocon
Niche: Health & Wellness
Revenue: Approx. $172 Million/month
Location: Bengaluru, Karnataka, India
Started: 1978
When I failed to get into a medical college on merit, I suggested paying a ten thousand rupee capitation fee for a seat. My father refused, stating that money is not currency to buy favors but to make a difference. He believed in building credibility solely through meritocracy.
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