Fullerton India appoints Rakesh Makkar as EVP & Head of Urban & Rural Business

Fullerton India Credit Company Limited, the Non-Banking Finance Companies (NBFCs), has announced the appointment of Rakesh Makkar as Executive Vice President and Head of its Urban and Rural Business.

Makkar brings to Fullerton India around two decades of expertise in establishing new and successful businesses; managing large and multi-pronged distribution networks; and developing unique and customer-centric products - all within a robust Risk Management framework. Makkar joins Fullerton India's Country Leadership Team from DHFL, India's third largest housing finance Company where he was President and Chief Distribution Officer.

At Fullerton India, Makkar will spearhead the Company's growth across its 400 branches catering to Urban and Rural segments. Additionally, he will be heading the Marketing & CSR function. A socially responsible organization, Fullerton India has a robust CSR program that focuses on rural livelihood advancement initiatives.

Commenting on his appointment, Shantanu Mitra, CEO & MD, Fullerton India, says “We are pleased to welcome Rakesh back to Fullerton India. His role as part of the Leadership Team in the early days of the Company when he set up the Retail Mass Market business was valuable. He fully understands our business, culture and vision for the future. We look forward to his drive and energy in enhancing business spread and growth at Fullerton India."

Rakesh Makkar, EVP & Head of Urban and Rural Business says, "I am excited about joining Fullerton India at a juncture when the Indian economy promises growth. With Indian consumers becoming optimistic of the financial future of the country, I believe that Fullerton India can partner with them in achieving their aspirations. This shall be my endeavour in  my second stint with the Company."

Fullerton India has a vast financial services product portfolio, including Mortgage loans, SME and Business loans, Commercial Vehicle and Two-wheeler loans, Personal loans, Rural Livelihood loans, Rural Mortgage and Rural Housing Finance. With more than a million customers spread across urban and rural markets, the Company caters to the financial services needs of India, across over 600 towns and 30000 villages.