India, May 5 -- Kiran Mazumdar-Shaw shared how she wants her niece Claire Mazumdar to be her successor. Claire, the founding CEO of Bicara Therapeutics, is the daughter of Ravi Mazumdar, brother of Mazumdar-Shaw. However, the Biocon founder has also clarified that she isn't planning to hang up her boots just yet.

In an interview, Kiran Mazumdar-Shaw set out a 5-year succession plan for her biotechnology group and identifying her niece as her successor.

However, Kiran Mazumdar-Shaw clarified that her niece would indeed succeed her but not immediately. "I am not hanging up my boots anytime soon, but I want Claire to succeed me in a very phased manner," Mazumdar-Shaw told Reuters.

"I am the sole owner of Biocon, and I need to make sure th...