To recognise women talent and ensure better diversity in the workforce, Revolut, the global financial services superapp, has rolled out a scholarship for the top girl performers in India.
Called the Revolut Ira Scholarship, it comprises an award of Rs 5 lakhs each. The scholarship will be awarded to the best girl students, from the Indian Institutes of Management (IIM), Ahmedabad, Bangalore and Lucknow, as well as top girl students from XLRI, Jamshedpur and Indian School of Business (ISB), Hyderabad.
The initiative is aimed at identifying women leaders of tomorrow. Paroma Chatterjee, CEO, Revolut India, calls this scholarship “a step towards my dream of bringing about a workplace evolution, where I envision an equal number of brilliant men and women occupying the seats in a boardroom”.
Chatterjee is also “encouraging this approach in the hiring we are doing for Revolut in India, and I am delighted we had an equal gender split last quarter” despite a rather “gruelling recruitment process”.
The global financial superapp, which has over 20 million customers, will soon make the scholarship available globally, so that bright girl students can be identified and rewarded early on. This will also ensure that they work on a great career path to become successful business leaders in future.
Being committed to creating a healthy and inclusive working environment, Revolut launched its D&I framework in 2021 in an endeavour to accelerate progress on this subject.
Revolut is probably the first British fintech to set up a large base in India, and it expects to rapidly scale its financial services offerings in the country.