Archive · 24 Jun 2025
Customer Capital's Srinivasan Urges Indian Brands to Rethink Loyalty
Imagine stores used to give you points just for buying things.
Now, a smart company leader named Mukund Srinivasan says that's not enough.
He says these stores should make their loyalty programs better.
Today's shoppers want something valuable, like getting special deals.
Srinivasan says the programs must be good for both the customer and the business.
He wants stores to avoid mistakes, like offering the same rewards to everyone or not understanding customer data.
He believes programs should focus on building strong relationships, so customers keep coming back.
Customer Capital helps companies create loyalty programs that make sense for everyone involved.
Mukund Srinivasan of Customer Capital discusses the evolution of customer loyalty in India.
He emphasizes the need for loyalty programs to offer measurable value and strategic differentiation.
Srinivasan highlights common pitfalls, such as a one-size-fits-all approach and neglecting customer data.
He advocates for financial discipline in loyalty programs, focusing on metrics like Cost per Point (CPP) and Value per Point (VPP).
Customer Capital helps brands transform loyalty programs into profit and engagement engines using data and technology.
- Who
- Mukund Srinivasan, Co-founder & CFO at Customer Capital.
- What
- Customer Capital's Mukund Srinivasan urges brands to rethink customer loyalty programs in India.
- When
- During a conversation with CNBC TV18.
- Where
- India
- Why
- To improve customer loyalty programs to drive engagement, profitability, and build long-term relationships.
Traditional Loyalty Programs
Modern Loyalty Programs
Reward Systems
Traditional Loyalty Programs
Focus on points and rewards.
Modern Loyalty Programs
Focus on value, transparency, and long-term benefits.
- Company
- Customer Capital
- Executive
- Mukund Srinivasan, Co-founder & CFO
- Focus
- Rethinking Customer Loyalty Programs
- Target Audience
- Urban, affluent, market-savvy individuals aged 25-34
- Key Metrics
- Cost per Point (CPP) and Value per Point (VPP)
- Client Examples
- IDFC Bank, Bank of Baroda, Westside, IndiGo, etc.