Kiran Mazumdar-Shaw, executive chairperson of Biocon Ltd, was named the EY World Entrepreneur of The Year at a virtual award ceremony on Friday, consultancy firm EY said in a statement.

Mazumdar-Shaw was picked from among 46 award winners from 41 countries and territories vying for the world title. In the 20-year history of the award, she became the third EY World Entrepreneur of The Year Award winner from India, after Uday Kotak of Kotak Mahindra Bank (2014) and Narayana Murthy of Infosys Technologies Ltd (2005), the statement said.