Mumbai, March 25, 2023: In an attempt towards creating equitable livelihood opportunities, Deutsche Bank has partnered with Rotary Club of Bombay to set up Mumbai’s first salon to be run by transgender persons. The partners have supported in setting up of the ‘TransFormation Salon’ including the recruitment and training of staff and will provide initial support to the business, after which it will run by the Pride Business Network Foundation, as a for-profit enterprise.
The establishment, located in Prabhadevi, an up-scale locality of Mumbai, employs professionally trained beauticians, a majority of whom will be from the LGBTQIA+ community. The salon was inaugurated on March 25, 2023, by senior management from Deutsche Bank, Rotary Club of Bombay and Pride Business Network Foundation.
This initiative is one of the many programmes run by Deutsche Bank and Rotary Club of Bombay to create equitable livelihood opportunities through training and skilling.
“Diversity, Equity and Inclusion (DEI) are much more than corporate imperatives for us at Deutsche Bank. They are relevant to the people in our community as much as they are for our employees. The TransFormation Salon will serve as a platform to integrate members of the marginalised LGBTQIA+ community into mainstream society. This is a small but important step towards creating equitable opportunities,” said Kaushik Shaparia, CEO, Deutsche Bank Group, India.
“Community Economic Development is one of the seven avenues of service of Rotary International and DEI is our focus area. Setting up of TransFormation Salon serves as the best intervention for Rotary Club of Bombay to support a sustainable livelihood programme for a community that needs to be offered an equitable opportunity in our society,” said officials of Rotary Club of Bombay.
Deutsche Bank is Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific.
Deutsche Bank has been conducting community programmes to create positive impact for people and society at large. The bank’s initiatives have strategic focus on education, enterprise, community, and the environment. The bank’s staff also actively support the bank‘s corporate social responsibility (CSR) activities. According to the company, in 2022, more than 200,000 people in India benefited from the bank’s CSR programmes and one in four of our employees volunteered to support various causes.
