Biocon chief Kiran Mazumdar Shaw's husband John Shaw, passes away

Bengaluru: Biocon executive chairperson Kiran Mazumdar Shaw's husband John Shaw passed away on Monday morning in a private hospital, family sources said. He was 73.

Shaw was admitted to the hospital where he was undergoing treatment, they said.

Also Read:Biocon Founder Kiran Mazumdar-Shaw conferred with HK Firodia Lifetime Achievement Award 2022

The exact reason behind the death was not known.

Shaw was the former vice chairman of the Bengaluru-headquartered Biocon Limited.

He was an MA (Economics Honours) in History and Political Economy from the University of Glasgow in United Kingdom.

He was also the former chairman of Madura Coats Limited and former finance and managing director of Coats Viyella Group.

Also Read:Biocon net profit up 71 pc to Rs 144 crore in June quarter

Biocon founder Kiran Mazumdar-Shaw said she was devastated to lose her husband and will miss him profoundly.

"I am devastated to lose my husband, my mentor and soul mate. I will always be spiritually guided by John as I pursue my purpose. Rest in Peace my darling John. Thank you for making my life so very special. I will miss you profoundly," Mazumdar-Shaw said.

"He has contributed majorly to the transformation of Biocon from a small enzymes company to a globally recognised biopharmaceutical company and has played an important role in ensuring the highest levels of corporate governance in the company, as well as, in the financial and strategic development of the group," the company said.

Shaw was a foreign promoter and member of the advisory board of several Biocon Group companies, according to the company website. 

Biocon was the first Indian company to be approved by the US Food and Drug Administration (FDA) to manufacture a cholesterol-lowering molecule in 2001.