In 1979 when Kiran Mazumdar Shaw, the founder of Biocon India, went to a bank with a loan application for her then biotechnology fledgling company, she was turned down. All Ms Shaw had was Rs 10,000 and a garage in Bangalore as an office.

Twenty five years later, Biocon has become only the second Indian company to breach the $ 1billion market cap mark on the first day of its listing. And 50 year old Kiran Mazumdar Shaw - who along with her British economist husband John Shaw, owns 61.5 per cent of the post- IPO company - has emerged as the wealthiest woman in India. She has been described as "India's Biotech Queen" by The Economist while the New York Times calls her "India's mother of invention''.

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