Ethical business practices bring profits: Rakesh Makkar, Fullerton India

Rakesh Makkar is the Executive Vice President and Head – Business, Marketing and CSR at Fullerton India Credit Company Limited, a non-banking finance company. Having the firm’s CSR activities spread in rural and urban areas, Makkar believes that CSR activities also ensure relation with beneficiaries which in turn helps in growth of the business. He emphasises that Indian corporate firms are socially very responsible and it is not a great idea to impose any penalisation for not spending the mandated 2% funds towards CSR. He also believes that if business practices are implemented ethically, profits follow leading to overall sustainability.