Assignment- Bharatiya Management

Name: Saumyadeep Ghosh

Reg No.: PG22200

Topic: Most admired business person in India and Comparison with Rajat Gupta’s fall.

 “STEM is a man’s thing.”

 “There are not enough qualified women to fill CEO jobs.”

-- In the era of Ratnan Tata, Adi Godrej and NR Narayana Murthy, one woman busted these myths
by creating India's largest and fully-integrated, innovation-led biopharmaceutical company with global
customers of 120 countries. Yes, it is Biocon India founder Kiran Mazumder Shaw.

By persevering in a field that was controlled by men, Kiran Mazumdar Shaw rose to become a
pioneer in the biotech sector, one of India's wealthiest self-made women, and the winner of the
Padma Shri and Padma Bhushan awards. Mazumdar-Shaw was listed as one of TIME magazine's top
100 global influencers as of 2010. She is among the top 50 businesswomen in 2011, according to
the Financial Times. She was ranked 92nd on Forbes' list of the most influential women in the
world as of 2014. She has climbed 85 places in the Forbes ranking by 2015. By Pharma Leaders
Magazine, she received the award for "Global Indian of the Year" in 2012. In recognition of her
outstanding achievements as a global pioneer in biotechnology innovation and entrepreneurship,
she recently received the H.K. Firodia Lifetime Achievement Award 2022 for Excellence in Science
& Technology from the H.K. Firodia Memorial Foundation on the 25th anniversary of the award.

My research on her strengthened when I found my resemblance with her journey, that’s she is
coming from Life Sciences background in under graduate and got into Business Management. In
between she had done her masters in micro brewery which is one of my interests also. From her
vision and mission regarding her organizations thrilled me to get more interest in her strategy and
impacts.

Though she is an Indian but she got education and mentorship from abroad, but her business ethics
matches with Indian Managerial Ethos. Throughout her life and in interviews, Mazumdar-Shaw has
spoken of the importance of a strong sense of purpose for any entrepreneur. Her path to fame was
never an easy one. This Chairman and Managing Director of Biocon Ltd has had to face numerous
challenges but never lost hope. Through her journey, she inspired several women to enter the
biotech world in India.
Five major qualities which struck me most:

Dedication- One of India's most successful businesswomen, Kiran Mazumdar, would not be where
she is now without her commitment to her job, passion, and will to succeed. She began her
professional life as a brewer rather than a scientist, yet she excelled in both fields. The ancient
Indian educational system emphasized on a society-driven education. Additionally, Mrs. Mazumder
has that vision. Once she said: “I want to be remembered as someone who put India on the scientific
map of the world in terms of large innovation. I want to be remembered for making a difference to
global healthcare. And I want to be remembered as someone who did make a difference to social
economic development in India.”

Always ready to fight back - Because of her resilience in the face of setbacks, she was able to
maintain her growth. In India, she aspired to become a master brewer, but no one would recruit her
since they said it was "a man's profession." This did not stop her from forging on and founding her
own biotech company, which she later succeeded in doing. The gender gap vanishes as you achieve
greater success, she remarked. When you start achieving success, the credibility issues you faced as
a child start to go away. It demonstrates how her values-based home education gave her a vision for
Indian women. Through the study of "Shastra" and military training, India's ancient educational
system used to develop pupils' mental and physical toughness.

Risk-taking ability- She exhibited bravery and a willingness to take risks when she decided to defy
the male fraternity, which had refused to hire her as a brew master only because she was a woman.
She demonstrated that women are capable of running a full company on their own. She speaks out
strongly against Indian government. She raises relevant problems in India. "India has rarely been in
the forefront of innovation, being a typically risk-averse country," she stated. Indian businesses
have mostly copied others and been extremely effective at it. Our old education was founded on the
Vedas, which taught how to have a free mind and not be afraid of anything that is good for society.

Hard-working- With a modest investment of Rs. 10,000, she established Biocon in the garage of her
home; now, it is a sizable player in the biotech industry. If Kiran Mazumdar hadn't continuously
worked for progress, none of this would have occurred. As she correctly points out, there is also a
certain level of exclusivity that is evident in her work. Our early schooling aimed to produce
hardworking individuals who lived humble lives.

Philanthropy: The dedication of Ms. Shaw to accessible healthcare goes beyond business. She is
fiercely committed to finding sustainable and inexpensive healthcare solutions that are innovation-
driven for underserved populations. Her charitable endeavours include a cutting-edge micro-health
insurance programme based on providing cashless healthcare through primary healthcare clinics in
rural Karnataka, an educational initiative based on math instruction for schoolchildren in
government schools, as well as making high-quality cancer care accessible to a larger patient
population. Together with renowned heart surgeon Dr. Devi Shetty, she founded the 1,400-bed
Mazumdar-Shaw Cancer Center (MSCC) in Bangalore with the goal of providing cancer patients
from all socioeconomic backgrounds with high-quality, economical care. "A profitable organization
has a responsibility to give back to the community," said Kiran. "The success of an organization and
the community it operates in is always interconnected."

Pic- Mazumdar-Shaw Cancer Center

Rajat Gupta Case:
Rajat Gupta is a successful businessman from India and the United States who served as managing director of
the management consulting firm McKinsey & Company. In addition, Rajat Gupta held positions as corporate
chairman, board director, or strategic adviser for American Airlines, Goldman Sachs, Procter & Gamble, and
non-profits including The Gates Foundation, Global Fund, and International Chamber of Commerce.

In June 2012, Rajat Gupta was found guilty of insider trading. In October 2012, he received a sentence of two
years in jail, one year of supervised release, and a fine of $5 million. He was put on trial on May 22, 2012.
Gupta was convicted on three charges of securities fraud and one count of conspiracy on June 15, 2012.

Rajat Gupta, McKinsley & Company, Goldman Sachs, Raj Rajaratnam, Galleon Group, Warren Buffet, and the
American equities markets are the main parties impacted. Family and friends of Rajat Gupta, staff members at
McKinsley & Company and Galleon Group, shareholders in Goldman Sachs and its creditors, as well as the
government and those involved in the case, are additional people who were indirectly impacted.

Pic: Rajat Gupta

In September 2008, Warren Buffet consents to provide Goldman Sachs $5 billion in return for preferred stock
in the business. The share price of Goldman Sachs will probably increase as a result of this news. The news is
not meant to be released until after the day's conclusion. Rajat Gupta makes a phone call to his old buddy Raj
Rajaratnam, a hedge fund manager and the wealthy founder of Galleon Group, little than a minute after the
board approves the Buffet acquisition. When Rajaratnam learns this, he buys Goldman Sachs stock right away.
Raj Rajaratnam gains close to $1.2 million when the stock market reopens the next day as Goldman Sachs
shares increased. The SEC calculates that Rajat Gupta's tip generated gains and prevented losses totaling
more than $23 million.
Ethical Analysis:
Would a great citizen have told Raj Rajaratnam the information? Rajat Gupta displayed a lack of moral
integrity:

Integrity is the quality of being honest, true, or accurate in one's actions. Rajat Gupta lacks ethics toward
Goldman Sachs, the corporation for which he served on the board of directors. Offers up exclusive knowledge
instead for personal gain.

Trust: Rajat Gupta betrayed the confidence placed in him by the other directors on Goldman's board as well
as by other persons he had conducted business with. His activities have an impact on the alliance with
McKinsley & Co.

Fairness: There are two reasons why Rajat Gupta's actions are unfair. The first drawback is that other
investors who are unaware of Buffett's arrangement are at a disadvantage. Second, he makes use of the
knowledge given to him for Rajaratnam's and his own gain.

Honesty: He broke his implicit pledge to Goldman Sachs and his other board members that he wouldn't
divulge inside knowledge.

Self-control: Rajat Gupta would not have revealed confidential information to Rajaratnam for his own benefit
if he possessed self-control.

People who knew Gupta praised him for being a kind individual. He was actively involved in offering medical
and humanitarian aid to underdeveloped nations. He rose from modest beginnings to become a pillar of the
consulting industry and a respected counsel to the top businesses and institutions in the world. "Respected"
was a phrase that appeared frequently in Rajat Gupta's trial coverage in the media. In the past, and much less
so now, we believed that those in positions of authority were morally upright. The Rajat Gupta insider trading
case and other financial scandals, however, serve as a reminder that the presumption is unfounded.

The excellent manager aspires to moral perfection, which encompasses honesty, fairness, prudence, and
bravery, as a real professional. Several strategies are proposed to help practitioners cultivate moral character
and prevent ethical slip-ups like the Rajat Gupta affair. Better systems and procedures in financial
institutions, improved corporate governance, and raising client awareness are some ideas. Tighter
government laws are another. However, a fundamental cause of the issue is not addressed: financial ethics
are not taught at business schools, where moral decision-making ought to be the main instruction. There is a
probability that incidents like "Rajat Gupta and Insider Trading" could happen less frequently if business
schools provide aspiring financial managers a strong ethical education.