|Rajesh Agrawal - Founder and CEO, RationalFX|
|Profile of the week|
Wednesday, 12 October 2011 00:46
Rajesh Agrawal is the Founder Chairman and CEO of RationalFX, a company he founded in 2005 that specialises in foreign exchange strategy. Agrawal is a fellow of the Royal Society for the encouragement of Arts, Manufactures and Commerce and an official Think Tank Member of the World Entrepreneurship Forum.
Under Argawal, RationalFX became the first UK-based company to launch an online currency exchange system for private individuals on real-time prices. In August 2011 RationalFX signed a shirt sponsorship deal with Birmingham City FC for the 2011-12 season.
What do you consider your greatest achievement to date?
I think the greatest achievement is yet to come. I came to this country with £200 in my pocket 10 years ago and to date we have dealt with about £2billion so the biggest achievement is winning the trust of the people in times when people are not trusting the banks. In certain cases they have transferred their lifesavings to us.
Which aspect of your work do you find most interesting?
Everything. When we started the business we were a two-man band. We were doing everything from sales to back office to accounting to cleaning the office. We were ultimately working towards something big and something great.
What is most interesting now is to be involved in a lot of strategy aspects of business as we are growing in different countries and different sectors. There’s no company doing what we do in the sports industry. Those sort of new initiatives constantly keep me excited.
As you part of your venture into the sports industry, you’ve recently agreed a deal with iSportconnect, how do you feel about that?
It’s very exciting. The first time I heard about iSportconnect, it was mindboggling how in such a short space of time so much has been achieved. It’s fantastic. I think iSportconnect will play a very instrumental role in achieving our objectives and targets for the sports industry. It’s quite exciting to be partnering with such a fast-growing organisation. We’re quite a fast-growing organisation. We share the same ethos and values.
How did your link with Birmingham City come about?
It came through a contact of mine. We were looking to get into the sports industry. We thought this would be a great launch pad- something that would put our name out there in the industry. Birmingham’s the second largest city in the UK with a very diverse population with a lot of businesses in and around. We can target businesses in, and around, Birmingham as well. We didn’t take long to think about it. It was a very quick decision but a very good one.