The award was conferred by French Ambassador Alexandre Ziegler on behalf of the President of the French Republic.
The honour comes in recognition of her outstanding contribution and dedication to the Biosciences and innovative research in this field.
It also for her achievements in biotechnology and commitment to providing affordable, quality healthcare globally.
Speaking on the occasion, Mr Ziegler said: "It is immense pleasure and honour for me to host the investure ceremony to confer the Legion d Honneur on Ms Kiran Mazumdar-Shaw, a pioneering entrepreneur in biotechnology and research."
By providing innovative and affordable treatment for widespread diseases like diabetes, cancer, and auto-immune diseases, she has made a laudable difference to the lives of many, he added.
"It is a proud privilege for me to be bestowed the Chevalier de la Legion d Honneur by the Government of France. To be recogonised by one's own country is a matter to honour, but to receive recognition by another country is indeed a very special honour. I am deeply grateful and humbled by the French," Mazumdar-Shaw said while accepting the award.
Follow NDTV for latest election news and live coverage of assembly elections 2019 in Maharashtra and Haryana.
Subscribe to our YouTube channel, like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.