Rakesh Makkar- Deputy CEO at National Finance Largest NBFC in Oman

Rakesh Makkar

Rakesh Makkar

"I never dreamed about success, I worked for it." Rakesh Makkar

From Struggles to Success: A Journey of Determination and Resilience

I was born into a lower middle-class family, where resources were scarce, but dreams knew no bounds. My father, a man with only a basic degree and a small-town background, worked tirelessly—often pushing through 16-hour workdays—to provide the best opportunities for his children. He worked as a salesperson at an electronic store during the day and spent his evenings until midnight repairing electronic items, rarely taking a day off. My mother, with just an elementary school education, played a crucial role in shaping my values and perseverance. Without any household help, she managed the home and maintained strict discipline regarding our study and play time. Despite their sacrifices, I remained a mediocre student, barely scraping by with passing grades. Academics never captivated me, but sports were my true passion. Whether it was athletics, cricket, or hockey, I found solace and purpose in the field, winning a few medals along the way—though none that brought me significant recognition.

As I approached the final years of school, my academic struggles reached a breaking point. I barely managed to pass my 10th-grade exams with a mere 55%. The school principal, deeming me "useless," advised my father to withdraw me from school. But my father refused to accept this verdict. His unwavering belief in me led to one last chance, and I was allowed to continue. Yet, my academic hurdles persisted. I failed mathematics in the 11th grade, leading to another discussion about my future between my father and the principal. Once again, fate intervened, and I was permitted to proceed to the 12th grade with Physical Education as a substitute subject. Here, I excelled. Determined to prove myself, I worked harder and scored 71% in my board exams—just enough to secure admission to Delhi University. College was a fresh start, and my talent in athletics was recognized. I proudly represented the university in 400-meter hurdles and sprints, believing this could be my path to success.

The Turning Point: From Rejection to Ambition

But dreams don't always unfold as planned. My sporting aspirations came to a devastating halt during a race at the Jawaharlal Nehru Stadium. Attempting a hurdle on the synthetic track, I crashed badly, leaving me injured and limping. My dreams of making it big in athletics crumbled before my eyes. The final blow came when I failed to qualify for the Delhi University athletic championship. Adding to my disillusionment, I read an article about a former Asian Games gold medalist who had been reduced to selling pani-puri for survival. It was a harsh wake-up call. The competitive spirit I had developed through sports now needed a new direction.

Meanwhile, my peers were securing spots in prestigious MBA programs, but I had failed miserably in the entrance exams. I was at a crossroads. That's when I made a bold decision—I set my sights on becoming a Chartered Accountant (CA). People scoffed at the idea, ridiculing my academic record. They doubted my ability to clear one of the toughest exams in the country. But I was determined. The discipline and resilience I had built through sports became my foundation. I buried myself in books, studying 14-16 hours a day. My mother would religiously wake me up at 4:00 AM during my CA preparation days, bringing me tea every hour or two to keep me going. My father feared for my well-being, but I remained unwavering. Against all odds, I not only cleared my CA exams but earned an All India Merit Rank. It was a defining moment—proof that perseverance trumps circumstance. I didn't stop there; I pursued an MBA and later completed a one-year program at Harvard. My transformation from an underperforming student to a qualified CA and MBA was a testament to the power of grit and relentless effort.

Rising in the Corporate World

With my qualifications in hand, I stepped into the corporate world. Securing my first job was an uphill battle—I had no influential contacts and faced constant rejection. I knocked on doors, applied to countless companies, going from one office to another in the pre-internet era, and faced disappointment after disappointment. But my sportsman's spirit—refusing to accept defeat—kept me going. Eventually, I landed a job at Bank of America. The initial months were brutal; I worked insane hours, sometimes leaving the office past midnight with no weekends off.

One night, exhausted from work, I dozed off while driving home and crashed into the car of a Government of India secretary. Fortunately, after listening to my story, he let me go with a warning. Another time, newly married and overwhelmed with work, I lied to my wife about car trouble just to sneak back into the office. She saw through it instantly and called me on the office landline—her way of reminding me to balance my life.

My perseverance paid off. I moved up the ranks, joining Citigroup, where I became the Country Risk Director for Citifinancial India and a Global Risk Trainer for the group. At Citigroup, my mentors taught me invaluable lessons—to dream big, make fearless decisions for the company's benefit, and to always support employees during personal crises. I remember giving my ATM card to a junior colleague who needed to rush home for his mother's sudden health issue—a small gesture he remembers to this day. By 39, I was appointed CEO of Capital First, a company I had built for Mr. Kishore Biyani. Today I lead National Finance, largest NBFC in Oman as Deputy CEO, steering it toward growth and innovation, recently achieving the highest business performance in the company's 35-year history.

Overcoming Health Challenges

In 2012, life threw another curveball my way—I was diagnosed with osteoarthritis. Once again, I found myself limping, just as I had years ago after my hurdle accident. But I refused to surrender. Dr. Satish Mutha advised me against surgery, suggesting I focus on strengthening my legs instead. I took his advice seriously, maintaining my workout regime including yoga despite the pain. Through constant self-motivation and positive self-talk, I trained relentlessly. My efforts culminated in setting a record for continuous skipping—9,320 skips in one hour. You can find the video on YouTube, a testament to the power of perseverance.

As if that weren't enough, I challenged myself further. Encouraged by my marathon-running friends, I trained rigorously and completed my first half-marathon in under two hours—a personal triumph against all odds. Today, I continue to push my limits with calisthenics, always seeking new fitness challenges.

The Key Message: Anything Is Possible

Life is unpredictable, filled with highs and lows. Many get caught up in setbacks, unable to see beyond them. But I've learned that no matter how bleak things seem, "This too shall pass." Maintaining a positive mindset attracts positive energy, while negativity only breeds more negativity. Sports and meditation have been my pillars, helping me refocus, regain strength, and push forward. Even when everything seems lost, confidence and self-belief can rebuild everything from scratch.

My mother has been my guiding force, my unwavering source of inspiration. No matter how difficult life got, she never uttered a negative word. Even in the worst situations, whether it was an accident or failure, she would always say, "Good this happened because God saved you from some bigger loss." She taught me to never fear speaking up for what's right and to always try before assuming failure. Her wisdom has shaped my outlook on life, teaching me resilience and gratitude.

My journey has been anything but easy. Every setback, every rejection, and every challenge has only fueled my determination. If there's one lesson my story teaches, it's this: No matter where you start, no matter how many times you fail—if you believe in yourself, work relentlessly, and refuse to give up, success will inevitably follow. Keep pushing forward, because your struggles today will be the foundation of your success tomorrow.