One of the most acclaimed producers of Malayalam film and TV industry, B. Rakesh began his career in the early `90s. He is credited to make the first Malayalam mega serial -Vamsham written by Sri. K Jayakumar IAS. He has also produced programs for Doordarshan such as Smrithylayam and Chitrageetham. Many of the TV shows produced by Rakesh have received critical acclaim and have been successful as well viz. Parudeesayilakkoru Paatha, Balyakalasmaranakal, and Suryakanthi.

In 2001, Rakesh produced the movie Vakkalathu Narayanankutty directed T.K Rajeev Kumar. The movie which was highly praised is said to have introduced a new-age film making style in Malayalam cinema. In 2005. He established his own production house Universal Cinema and produced movies such as Njan Salperu Raamankutty (2005), Rathrimazha (2009), and One By Two (2012). The movie Rathrimazha went on to win five State Film Awards and one National Award. His 2017 releases include the movies Sakhavu and Pullikkaran Staraa. His 2019 release includes Mera Naam Shaji.