Looking at the radiating persona of Biocon [Get Quote] Chief, Kiran Mazumdar Shaw, with her power and successes and awards, it would be hard to imagine that she could ever have failed. But she has, several times over - as she herself confessed at Fusion, E Week's closing ceremony. 

"I only have one message for young entrepreneurs: Do not fear failure. We have grown up in a culture that teaches us to be afraid of failure. We are constantly made to feel that we have to succeed from Day One. This stops us from taking risks and halts our growth," she said.

Perseverance is what kept Kiran going. "As an entrepreneur, you must be prepared to fail. The trick is to pick yourself up and try again to succeed. Success will definitely follow," she assured the young, spell-bound crowd.

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