Rakesh is the  Vice-Chairman of Bharti Enterprises, Chairman of Bharti AXA Life Insurance, Bharti AXA General Insurance, Indus Towers and Field Fresh Foods.Rakesh is also a member of India Pakistan Joint Business Forum (IPJBF) and Member Founders Circle, Brookings India .He is currently on the Governing Body of Indian Council of Agricultural Research (ICAR) and is also a member of the National Food Processing Development Council (NFPDC), MoFPI,Government of India.
Rakesh has been the Chairman of CII CSR Council, Development Initiative Council, National Council on Agriculture and also served as the Chairman of several National Committees of CII.He also served as the Chairman of its Northern Regional Council. In the past, he also served as a member of Agricultural and Processed Food Products Export Development Authority (APEDA).A passionate advocate of right to good education, Rakesh serves on Boards of several educational institutions. He is on the Board of Indian School of Business (ISB) and is the Chairman of the Advisory Council of the Bharti Institute of Public Policy at ISB, Mohali.