Rakesh Setia

Rakesh Setia

Chief Executive Officer – Luxury Segment, Runwal Enterprises

Rakesh Setia is an entrepreneurial leader with around three and a half decades of rich, accomplished pan-India experience across diverse industries, managing top brands spanning popular to premium/luxury segments. A triple postgraduate from prestigious institutes and a Doctorate holder, he has consistently demonstrated a learning mindset and a commitment to excellence, delivering business transformation and growth throughout his career while leveraging technology to improve business efficiencies and enhance customer experiences. As a business leader, he helps organizations grow by resolving performance gaps, having led product and service launches, team development, retail network creation, and revenue growth at Rustomjee, Vodafone Idea, Hutch, Luxor Parker, Kodak, and Reebok.

At Keystone Realtors (Rustomjee), Rakesh was entrusted with building a profitable business for the next 25 years. In the face of the pandemic, he led a transformation that not only ensured the organization's survival but positioned it for accelerated growth — over seven years, he expanded the sales team from 75 to 325, quadrupled revenue to INR 4,000 Cr., and achieved a significant pricing premium over competitors, an achievement recognized with the Transformer Award. Earlier, at Idea Cellular, he managed a 900-member team across 10 offices, 900 distributors, 1.5 lakh retailers, 50 large-format stores, 350 franchises, 1.25 lakh sq. ft. of retail space, and a secondary salesforce of 6,000+, delivering key objectives for 4G smartphones. He spearheaded the seamless integration of Vodafone and Idea in Kolkata and West Bengal, creating the third-largest circle in India with annual revenue of INR 5,000 Crores, and was recognized as part of the top talent pool in the Aditya Birla Group, nominated for the Chairman's Award, and promoted four times in seven years.

Colleagues describe Rakesh as a meticulous, conscientious, and self-driven business leader, while customers recognize his strategic insights, transparent communication, and unwavering dedication. A former superior noted his unique ability to combine strategic vision with focused, granular execution. He now leads the Luxury Segment at Runwal Enterprises as Chief Executive Officer.

Linkedin: https://www.linkedin.com/in/rakesh-setia-655a0ab0/