Monday, 24 June 2024

Mazumdar-Shaw

India

Champion's Profile

Mazumdar-Shaw is an Indian billionaire entrepreneur and compassionate capitalist. She is the chairperson and managing director of Biocon Limited

UNDP SDG

Good Health and Well-Being, Quality Education and Industry Innovation and Infrastructure

Description and impact

In 2004, Mazumdar-Shaw started a corporate social responsibility wing at Biocon, the Biocon Foundation. The Foundation focuses on health, education and infrastructure, especially in rural areas of Karnataka which lack healthcare facilities. In 2009, she established a 1,400-bed cancer care centre, the Mazumdar-Shaw Medical Foundation, at the Narayana Health City campus in Bangalore. Mazumdar Shaw Medical Foundation is a non-profit organization and has two arms to support its cause, which are Mazumdar Shaw Center for Translational Research and Mazumdar Shaw Cancer outreach program. Mazumdar-Shaw dislikes the term "philanthropy", believing that it often provides temporary fixes rather than addressing the root cause or the underlying situation. She prefers the term "compassionate capitalist", believing that properly applied business models can provide an ongoing foundation for sustainable social progress. Mazumdar-Shaw and her husband have donated $7.5 million to the University of Glasgow. Two-thirds of the grant is earmarked for a research hub to be called Shaw Plaza. The remainder will endow a professorial chair in precision oncology. The couple also pledged $2 million recently to the Memorial Sloan Kettering Cancer Center in New York to establish the Mazumdar-Shaw International Clinical Fellowships. Mazumdar-Shaw, who signed the Giving Pledge in 2016, has also given $3.5 million to Krea University, a new liberal arts university in southern India.