1) Biocon was established in 1978 in Bangalore as a joint venture between an Irish company and Kiran Mazumdar-Shaw, initially focusing on producing enzymes. 2) In the 1980s, Biocon began focusing on solid state fermentation and built research capabilities. It also established subsidiaries like Syngene and Clinigene. 3) By the late 1990s and 2000s, Biocon transitioned to focus on biopharmaceuticals and launched several drugs. It also pursued growth through partnerships and acquisitions.