800+ Avanse Staff Join Hands to Build Bicycles for Underprivileged Students in Goa

Mumbai, June 26, 2025: Over 800 employees of Avanse Financial Services came together during the company’s Annual Business Meet 2025 to assemble 90 bicycles for underprivileged schoolchildren in Goa. The initiative, conducted in partnership with the Goa Livelihoods Forum (GLF), aims to improve school access for students from government-aided schools who often walk long distances to attend classes.

The students, aged 12 to 14 and studying in classes 6 and 7, will now be able to commute more easily, reducing fatigue and improving their academic performance and well-being. Avanse employees personally built each bicycle, turning a team-building activity into a purposeful act of community service.

“We didn’t just build bicycles, we built hope, we built connections. When you have more than 800 people working together, the energy is something else. We could have donated ready-made bicycles, but we chose to build them ourselves because every child deserves that kind of care. During this year’s ABM, we came together as a family and seized the opportunity to make a difference for several underserved children. These bicycles are not just tools of mobility; they represent freedom, access, and progress,” said Amit Gainda, Managing Director & CEO, Avanse Financial Services.

A senior representative from GLF added, “This cycle distribution program is a game-changer for economically poor students. By collaborating with Avanse, we are able to provide bicycles to students who previously had to walk long distances to school, ensuring their safety and saving them valuable time. We expect this initiative to not only improve their academic performance but also enhance their overall well-being. With bicycles, these students can now commute safely, attend school regularly, and focus on their studies without the burden of long walks.”

GLF will monitor the initiative’s long-term impact through ongoing engagement with schools, teachers, local Self-Help Groups (SHGs), and parents, tracking improvements in attendance, academic engagement, and student well-being.

This initiative underscores Avanse’s broader mission of not just financing education but also strengthening the ecosystem that supports it, particularly in communities with limited access to learning opportunities.