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Rajesh Agrawal: Deputy Mayor 2016, Entrepreneur & Innovator

NRI Rajesh Agrawal re-appointed London's Deputy Mayor for Business

London, May 13, 2021 Singh/Ramesh

Last week, NRI Rajesh Agrawal has been re-appointed as London's Deputy Mayor for Business by Mayor Sadiq Khan after he won a second term in local elections.

Top priority of Khan, was “jobs, jobs, jobs” for his next term in office. Agrawal was also committed himself to the agenda and made a pledge to focus on a “fairer and greener recovery” for the UK capital from the coronavirus pandemic.

“I want to thank all Londoners for giving a decisive mandate to this administration. Past five years have been hugely challenging for London with uncertainty caused by Brexit and the biggest health, social and economic crisis caused by coronavirus,” said Agrawal.


Sadiq Aman Khan Mayor of London (British Pakistani family born)  named   Rajesh Agrawal as Deputy Mayor of London
NRI Deputy Mayor Rajesh Agrawal agreed to safeguard jobs and to protect City growth after Brexit

London, July 01, 2016 Ramesh Ali Singh/Gary Singh

Sadiq Khan, lawyer, first Muslim Mayor of London and  Ex MP, who was born in London to a British Pakistani family announced his deputy mayor NRI Rajesh Agrawal to safeguard jobs and protect growth while EU negotiations are  taking place. 

Sadiq Khan was elected Mayor of London in the 2016 mayoral election and resigned as MP for Tooting on 9 May 2016.  His election as Mayor of London made him the city's first ethnic minority mayor, and the first Muslim to become mayor of a major Western capital

Rajesh Agrawal was Mr Khan’s business adviser during his mayoral campaign. Rajesh set up foreign  exchange giant Rational FX, which had a turnover of more than £1.3 billion last year, and also Xendpay, an international money transfer service. The global businessman was featured in the Sunday Times rich list with a £90 million fortune. Rajesh was featured in the Sunday Times Rich List 2012 with a £90m fortune.

Rajesh Agrawal  was born in Indore, India.  He got a Bachelor of Business Administration and Master of Business Administration at the Prestige Institute of Management & Research, Indore, India. He worked for 5,000 Indian rupees per month job in Chandigarh.  

- Agrawal established and supportered of a number of charities, particularly those focused on young people, enterprise and women empowerment.

- He was among the first businessmen to defend Labour against accusations that the party was “anti-business” during the 2015 UK General Election.  In September 2013 he was conferred with a "Outstanding Alumnus Award. In 2011 Agrawal was honoured by Asian Who's Who for Asian Leadership As Young Entrepreneur.


Indian-origin Deputy Mayor says saving London jobs his priority

By Anasudhin Azeez 

London, June 30, 2016: The man appointed as Deputy Mayor for business in London says his primary responsibility will be to safeguard jobs through the Brexit fallout.

Indore-born Rajesh Agrawal, appointed to the post on Wednesday by London Mayor Sadiq Khan, said: "Having run my own global businesses, I know how important it is that London remains welcoming to European and international trade."

Agrawal, an entrepreneur and innovator, is the founder and CEO of Xendpay, an international money transfer service, and RationalFX, an online foreign exchange service -- both of which have grown into globally successful businesses.

He will step down from the posts to focus his attention on the job at hand.

A father of two, Agrawal is the Chair of Oxfam Enterprise Development Programme, a trustee of Cherie Blair Foundation for Women, and a patron of the Prince's Trust.

He arrived in London in 2001 and grew a two-person enterprise working from a small office into a multi-million pound business based in London, with offices in Birmingham, France and Spain.

"I stepped on a plane for the first time 15 years ago to make the journey to London and found a city that welcomed me with open arms and didn't make me feel like a stranger," Agrawal said.

Khan has assigned Agrawal with championing London's interests following the referendum which snapped UK's links with the European Union and protecting jobs and growth even as negotiation process takes place.

The Mayor praised Agrawal. "I know that Rajesh is the best person for the job of protecting jobs and growth in London as we deal with the fallout of the referendum."

"Having arrived in London equipped with the ambition to succeed, Rajesh has created a multi-million pound business from scratch and knows first-hand the challenges that our business leaders face, and what it takes to be a successful entrepreneur," Khan added.

The new Deputy Mayor said: "London's openness to talent and enterprise must not change as a result of the referendum.

"The Mayor and I are determined to build a coalition that ensures the needs of business and financial services are at the fore over the coming months of negotiations with the EU," he said.

"We must champion London's business at home and abroad whilst equipping our young people for success, tackling rising business and housing costs and securing critical future infrastructure investment," Agrawal said.

The Indian community congratulated Agrawal. "It is heartening to know that Agrawal has taken up the challenge to champion London businesses as Deputy Mayor," said Manish Tiwari, MD of media firm Here & Now 365.

"As a fellow member of the Asian Business Association and having worked with him in the past, it instils a sense of confidence and pride along with reflecting upon the diversity of London's businesses."

Agrawal is a Life Fellow of the Royal Society of Arts and bagged several awards including Asian Leadership as Young Entrepreneur by Asian Who's Who (2011); Young Entrepreneur of the Year by UK Parliament (2011); Patron of the Prince's Trust and a Member of the Clinton Global Initiative.

The Mayor is calling for Britain and London to remain a part of the European single market, and for the capital to be granted more autonomy in order to safeguard its business interests. ... Anasudhin Azeez is Editor of London-based Asian Lite// IANS




Rajesh Agrawal, global businessman of foreign  exchange, created a multi-million-pound businesses from scratch.

  • 2016: Deputy Mayor of London