The British-Indian entrepreneur and philanthropist was appointed deputy mayor of London for business in June
India At Large staff
London & Partners, the mayor of London’s official promotional company, has announced the appointment of Rajesh Agrawal, the deputy mayor, business and enterprise, as its new chairman to help drive tourists, events, inward investment and international students to the city.
Born and brought up in Indore, Agrawal arrived in London in 2001, and grew a two-person enterprise working from one small office into a multi-million-pound business based in London, with offices in Birmingham, France and Spain.
As an entrepreneur he founded RationalFX in 2005, and Xendpay in 2014, both companies utilising technology to reduce the cost of international money transfer for businesses and individuals. Agrawal is passionate about promoting entrepreneurship and creating opportunities for young people. He was appointed chair of Oxfam’s Enterprise Development Programme in 2015 and has been a patron of the Prince’s Trust for many years.
Agrawal, 39, an experienced international businessman and technology entrepreneur, will lead on helping London & Partners attract international trade and investment to London. He will also play an important role as an advisor and champion of London as a global city for business, including spearheading international trade visits. He will also be pivotal in helping the company promote the city as a leading destination for tourism, students, culture and major events, with the overall aim of creating jobs and growth for the capital.
Commenting on his appointment, Agrawal said: “I look forward to leading the London & Partners Board to build on the company’s successful work in promoting London as a leading destination for inward investment, tourism, higher education and culture. Having moved to London to set up my own business 15 years ago, I know how important it is to make sure that London remains open to entrepreneurs and businesses from all over the world. It is vital that we continue to shine a spotlight on London’s talent, innovation and other assets that make it the world’s leading city in which to do business.”
Since 2011, London & Partners has added £1.2 billion GVA to London’s economy while creating or supporting an additional 38,000 jobs in the capital. In addition, the company has also helped 1,244 overseas companies setup or expand in London.
London & Partners work has also contributed to the success of London as one of the world’s most visited tourist destinations, with a record 31.6 million visitors to the capital last year. Additionally, the organisation has helped to bring major cultural and sporting events to the capital such as the Lumiere festival, the Rugby World Cup 2015 and the upcoming UEFA European Champions Final and Semi-finals in 2020.