Biocons' Kiran Mazumdar-Shaw wins Wharton-Infosys business transformation awards

Our Corporate Bureau
07 January 2006

Mumbai: Dr. Kiran Mazumdar-Shaw, founder, Biocon India, received has received the 'technology change agent award' at the 'Wharton-Infosys business transformation awards (WIBTA) 2006, Asia Pacific instituted jointly by Infosys Technologies Ltd. (NASDAQ: INFY) and the Wharton School of the University of Pennsylvania.

The awards, which are entering their fifth year, recognise visionaries and organisations that use technology in an innovative and creative manner to revolutionise their businesses. Cyworld, a South Korean social network service comprising nearly 17 million people, received the 'enterprise business transformation award.'

A special acknowledgement was made this year to OhmyNews, a South Korean online citizens' reporting forum. The award was presented by N R Narayana Murthy, chairman of the board and chief mentor, Infosys Technologies, Patrick Harker, dean of the Wharton School and Esther eDyson, editor-at-large of CNET Networks.

This is the first time the awards are being presented in India.

Bringing two biotech joint-ventures into fruition and assisting the government's department of biotechnology, she helps synergise efforts in business, technology and academia to stimulate increased sector growth in India. Speaking at the awards ceremony, Dr Mazumdar-Shaw said, "As information technology becomes a key driver of stakeholder value for an organisation, it is operational excellence through continuous innovation that determines success. It is a pleasure to have our efforts in this direction be recognised internationally through an award as distinguished as WIBTA."

A long-time leader in the Indian biotechnology industry, Dr Kiran Mazumdar-Shaw has spearheaded Biocon's growth from a traditional enzymes manufacturer to fully integrated biopharmaceutical firm with major R&D initiatives.

CyWorld, the WIBTA 2006 'enterprise business transformation award.'recipient, has redefined how users interact in the digital age by blending offline and online life into a widely used social network service that have grown to over 17 million users in South Korea. With plans to expand internationally, the company's success heralds a new age of e-society as it allows users to create a fully customisable webpage.