"Relatives flocked to our house after the news came. This is a proud moment for us," Agrawal's elder brother Yogesh (44) told PTI.
Rajesh completed his schooling and college education in Indore and after working for a year, moved to London in 2001 where he started foreign exchange and money transfer business, Yogesh said.
Their mother, Krishnakanta, is a teacher at a private school. "The way our mother brought us up played a key role in Rajesh's success," he said.
Agarwal's firm, RationalFX, had a turnover of over 1.3 billion pounds last year.