Revolut to launch in India, hires ex-Airtel Money executive as CEO

UK-based financial technology firm Revolut is set to launch in India and has recently announced the appointment of Paroma Chatterjee as its CEO in India, as part of its global expansion plans.

Before joining Revolut, Chatterjee held senior executive roles at Lendingkart, Via.com, Flipkart and Airtel Money. In her new role at Revolut, she will build and lead the India unit, define and implement the business strategy, hire the team and manage licence applications and any potential acquisitions in the market.

Chatterjee stated, “I couldn’t be more excited to join Revolut and become a part of this phenomenal growth journey. It is an honour and a privilege to be asked to lead the business for such a world-class company, in a country that presents one of the largest opportunities globally for Revolut. I look forward to building an exceptionally talented team and working with them, as we continue to develop superlative financial solutions for millions of consumers in India. We will build the bank of the future.”

Revolut has recruited Heads of operations and legal for India and is leveraging the country’s strong talent pool to recruit across multiple functions including HR, finance, growth, marketing, recruitment, compliance, risk and technology. The Revolut India subsidiary will also serve as an operations hub for Revolut’s global business, reflecting the skills and talent available in the Indian market.

Nik Storonsky, CEO & Founder, Revolut, remarked, “With a wealth of experience in the fintech and consumer tech sectors and an outstanding track record, Paroma is an excellent fit for the role and her appointment is a major achievement in our continued mission to become the world’s first truly global financial super app. We’re looking forward to transforming the way people in India access and manage their money as we bring our products and services to more people around the world. India is a core market in our expansion strategy with a huge supply of talent, and we’re excited to tap into that talent pool to help Revolut go from strength to strength.”