HISTORY Established in 1978, focusing on development on BIOPHARMACEUTICALS Syngene, India’s first biotech custom research company in drug discovery First company to manufacture human insulin using a Pichia expression system India’s first billion dollar biotech company
Beginning Collaborated with irish firm Biocon international Kiran owned 70% and Auchinloss(bioconint.) owned 30% of equity Started Biocon India from her garage. Initial Capital Rs 10,000 Started extracting enzyme (papain) from papaya & isinglass(fishmoss) Export to irish firm Novel product patenting e.g:Enzyme to clarify tea
Hurdles Financing regular operations Approached financial institutions, but turned down, coz: Biotechnology is a new word No assets for company Woman entrepreneur is a rare word Recruiting staff Only well qualified people In1985, Employees join communist labor union Kiran automated the whole plan
BREAK THROUGH Switched from “uninspiring low technology” to high end technology New technology replaced tray based conventional culture Plafractor Bioreactor: all m.o processes in a computerized closed system Acted as a technology bridge (platform technology) Enabled biocon to cross from ind. Enzymes to biopharmaceuticals Started R&D in immunosuppressants (reduce immune rejections)
N R Narayana MurthyFOUNDER & FORMER CEO OF INFOSYS SYSTEMS
Background Born at Mysore, graduated from NIT Mysore and post graduated from IIT Kanpur Worked as chief systems programmer at IIM Ahmedabad Started his own company named Softronics in 1976 When company failed he joined Patni computer systems in Pune After settling down in Pune he founded Infosys in 1981, with initial capital injection of Rs 10000 which was funded by his wife Sudha Murthy He was the CEO of Infosys for around 21 years and was succeeded by his cofounder Nandan Nilekani in 2002 Murthy serves as an independent director on the corporate boards of HSBC and has served as a director on the boards of DBS Bank, Unilever, ICICI and NDTV. He also serves as a member of the advisory boards and councils of several educational and philanthropic institutions, including Cornell University, INSEAD, Ford Foundation, the UN Foundation.
Circumstances Murthy, a self proclaimed socialist in the mid 70s was jailed for 72 hours in Bulgaria A leader needs to show his or her sacrifice and commitment Trust in God, But Verify with Data Keep the Faith Infosys won a contract from Reebok in the early 90s Hire a Good Accountant, Even if he is Argumentative
What he did differently? Decided to share a portion of its equity with employees Leave the Family Out Dont be a Pushover Brand-aid First, Get Clinical Founders Keepers, but Not Forever