Kiran Mazumdar-Shaw, Chairperson, Biocon "In 1978, when I founded Biocon, I was India’s first qualified woman brew-master, yet no one was willing to offer me a job. Being a young woman, I had to be assertive to prove my worth at every point. I had no financial backing or business experience, and no banks were willing to give me loans without a collateral or my father’s guarantee, which I did not want. I was, as a 25-year-old, trying to pioneer a new sector, biotechnology, which no banker was familiar with. I was considered a huge investment risk. I was often advised to take on board my father as a business partner to facilitate the process. However, even though raising debt was extremely difficult, my perseverance brought me an angel investor who gave me the required funds to scale up my business against an equity stake in the company. Fortunately, today the startup ecosystem is well supported by venture capital firms."
Anju Srivastava, Founder, Wingreens Farms "As a social enterprise, the biggest challenge before Wingreens was a lack of revenue for several months after we started the venture. Let alone profit, we had to struggle to pay rent and salaries to landless labourers and local youth who were dependent on us. Our responsibility to pay and make ends meet drove us to develop an interesting attitude to push for innovation. One such step was growing herbs in our small land pockets and generating revenue by selling pot herbs. We started off with holding exhibitions and sale of these pot herbs at home and it became an instant hit. Wingreens has always overcome financial challenges through innovative means of increasing revenue."
Geetha Manjunath feels finding the right set of investors is also a challenge. Geetha Manjunath, Founder, Niramai "One of my key learnings was the importance of creating systematic experiments to prove the benefit of your product. Particularly in healthcare, the publication of clinical study results in top reputed journals is very critical for increased product adoption. Funding challenges included identifying the right set of investors who will believe in your idea and mission; understanding and articulating how your product fills a gap in the market."
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IIFL Wealth Hurun India List: Meet India’s Richest Women
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The IIFL Wealth Hurun India Women Rich List is out. In its second year of existence, the list continues to celebrate women wealth creators in the country. And despite strong murmurs of an economic slowdown, this list has something to cheer about, after all.
The number of women in this year’s rich list has grown to 152 women. And while that can hardly be called an equal representation - with just about 16 percent of the total number of individuals - it’s a leap from previous years where women were hardly visible.
Here's a list of this year's entrants:
The IIFL Wealth Hurun India Women Rich List is out. In its second year of existence, the list continues to celebrate women wealth creators in the country. And despite strong murmurs of an economic sl..
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The 37-year-old HCL Technologies scion tops this year’s women rich list at Rs 36,800 crore. Roshni Nadar, the only child of Shiv and Kiran Nadar, is also the only woman in the top 20 that boasts of the usual suspects including Mukesh Ambani, Azim Premji and Gautam Adani. Roshni, who is married to Shikhar Malhotra, also serves as the Executive Director and CEO of HCL Enterprise. Ranked 51 in the Forbes Power List 2018, she has been driving change via diversity and philanthropy through the Shiv Nadar Foundation.
The 37-year-old HCL Technologies scion tops this year’s women rich list at Rs 36,800 crore. Roshni Nadar, the only child of Shiv and Kiran Nadar, is also the only woman in the top 20 that boasts of t..
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Smitha V. Crishna ranks second on this year’s list at Rs 31,400 crore. A third-generation heir of the Godrej Empire, she has a one-fifth stake in the Group, along with her brothers. Her brother Jamshyd runs consumer goods firm Godrej & Boyce. She is married to Vijay Crishna, a well-known theatre actor, and has a daughter Nyrika Holkar who also works in the group. In 2014, she purchased a bungalow belonging to the late atomic physicist, Dr. Homi J. Bhabha, for ₹371 crore. The bungalow was demolished two years later, with reports of a high-rise being planned in its place. This move was met with much displeasure by the Indian scientific community.
Smitha V. Crishna ranks second on this year’s list at Rs 31,400 crore. A third-generation heir of the Godrej Empire, she has a one-fifth stake in the Group, along with her brothers. Her brother Jamsh..
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Kiran Nadar, who comes third in the list at Rs 25,100 crore, is a well-known art enthusiast. Under her patronage and guidance, the famed Kiran Nadar Museum of Art has provided a platform to young artists, and also helped improve the visual aesthetics of public spaces in and around the National Capital. Apart from art and aesthetics, the 67-year-old is also one of the top bridge players in the country and has represented India in several world championships. Last year, Nadar led her team to win Gold at the Commonwealth Bridge Games in Australia.
Kiran Nadar, who comes third in the list at Rs 25,100 crore, is a well-known art enthusiast. Under her patronage and guidance, the famed Kiran Nadar Museum of Art has provided a platform to young art..
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With a net worth of Rs 18,500 crore, Kiran Mazumdar-Shaw of Biocon retains the crown of the richest self-made woman in India. She founded Biocon in 1978 and has led its successful IPO in 2004. The Biocon Chairperson and Managing Director, who has 1.5 mn followers on Twitter, has often highlighted government apathy and policy failures on the micro-blogging site. A role model for millions of young women, she has also been conferred with the Padma Shri and the Padma Bhushan for her achievements.
With a net worth of Rs 18,500 crore, Kiran Mazumdar-Shaw of Biocon retains the crown of the richest self-made woman in India. She founded Biocon in 1978 and has led its successful IPO in 2004. The Bi..
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Irrespective of gender, pharmaceuticals has shone in this year’s rich list. Of the top ten entries, four belong to the domain. Manju Deshbandhu Gupta follows biocon entrepreneur Kiran Mazumdar-Shaw at the fifth slot with Rs 18,000 crore. She served as the Executive Director of Lupin till 2017, and has been a Member of the Board for over four decades.
(Image: Lupin)
Irrespective of gender, pharmaceuticals has shone in this year’s rich list. Of the top ten entries, four belong to the domain. Manju Deshbandhu Gupta follows biocon entrepreneur Kiran Mazumdar-Shaw a..
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The pharmaceuticals domain continues its golden streak in this year's IIFL Wealth Hurun India Rich List. Leena Gandhi Tewari, the chairperson of USV Private Limited which is a multinational pharmaceutical and biotechnology company, comes in at the sixth position. Her wealth is estimated at Rs 13, 200 crore. USV was founded by her grandfather Vithal Balkrishna Gandhi in 1961.
(Image: USV India)
The pharmaceuticals domain continues its golden streak in this year's IIFL Wealth Hurun India Rich List. Leena Gandhi Tewari, the chairperson of USV Private Limited which is a multinational pharmaceu..
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Hyderabad-based Nilima Motaparti comes in at number eight on the list. The daughter of Divi's Laboratories founder Murali Divi, her wealth is valued at Rs 9,800 crore. She has a masters in international business from Gitam Institute of Foreign Trade, Visakhapatnam, and masters in international finance from Glasgow University in the UK. At Divis Laboratories, she acts as the Chief Controller - Commercial, and handles finances and matters related to procurement.
(Image: Divis Labs)
Hyderabad-based Nilima Motaparti comes in at number eight on the list. The daughter of Divi's Laboratories founder Murali Divi, her wealth is valued at Rs 9,800 crore. She has a masters in internatio..
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The London-born, India-raised Jayshree Ullal ranks at the ninth spot. The President and CEO of Arista Networks, she is now one of the wealthiest female executives in America. She owns close to 5 per cent of Arista's stock, some of which has been kept for her two children, niece and nephew.She studied electrical engineering at the San Francisco State University. The 58-year-old lives in Saratoga, California.
(Image: LinkedIn)
The London-born, India-raised Jayshree Ullal ranks at the ninth spot. The President and CEO of Arista Networks, she is now one of the wealthiest female executives in America. She owns close to 5 per ..
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Sangita Jindal, the better half of steel magnate Sajjan Jindal, is ranked at the tenth position with Rs 9,600 crore. She is the Chairman of the JSW Foundation which drives social development projects within the Group. The 57-year-old also leads Jindal Arts Centre and is the President of Art India magazine that focuses on contemporary art practices and critical theory. She has one son and two daughters.
Sangita Jindal, the better half of steel magnate Sajjan Jindal, is ranked at the tenth position with Rs 9,600 crore. She is the Chairman of the JSW Foundation which drives social development projects..
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