Icons of Influence Kabir Mulchandani Founder and Chairman, Five Holdings Kabir Mulchandani, is the founder and chairman of Five Holdings, a Dubai-based real estate firm, known for its luxury party hotels and resorts in the Middle East, Spain, and Switzerland. Established in 2011, Five Holdings is set to go public on the Dubai stock exchange in 2025. Mulchandani, originally from Mumbai, India, began his career in his family’s consumer electronics business before relocating to Dubai in the early 2000s to invest in real estate. In November 2023, Five Holdings made a significant acquisition of the Pacha Group, which owns hotels and nightclubs in Ibiza, Spain. The company’s portfolio boasts three luxury hotels in the UAE – Five Palm Jumeirah, Five Jumeirah Village, and Five Luxe. It also includes Five Zurich in Switzerland, and two hotels in Spain, Destino Pacha and El Hotel Pacha, along with the nightclub Pacha Ibiza. Additionally, Five Holdings owns two fashion lines as well as a private jet experience, a music label, and and Five Music Studio. Five Holdings has earned an “A” grade ESG rating from ISS Corporate Solutions, the highest across all sectors. This underscores the firm’s commitment to creating a ‘Global Sustainable Entertainment Ecosystem,’ integrating immersive entertainment with innovative F&B concepts, catering to an international and eco-conscious audience of luxury-loving millennials and Gen-Z customers. Related Stories The Five-by-Five rule: Interview with Kabir Mulchandani You might also like Sunil John Dr. Thumbay Moideen Vidya Chhabria Mohan Valrani K. Rajaram Dr. Adnan Chilwan Sanjiv Kakkar Ram Kumar Thota Raghu Malhotra Sunil Kaushal Atif Rahman Amit Jain Rishi Kapoor Vasu Shroff Anil Pillai Bal Krishen Rohit and Sharad Bachani Raju Ramesh and Sunil Paul Ayesha Depala John Paul Joy Alukkas Geet Bhalla and Digvijay Pratap Snehal and Sunita Hadani Nisha Jagtiani Kunal Kapoor Dino Varkey Ashish Panjabi Joy Alukkas Yogesh Mehta Yusuff Ali M.A. Ravi Pillai Micky Jagtiani Sunny Varkey Sunil Vaswani Shamsheer Vayalil Firoz Merchant Rajen Kilachand Azad Moopen Tony Jashanmal Paras Shahdadpuri Dr. Zulekha Daud Adeeb Ahamed Dhananjay Datar Rizwan Sajan PNC Menon Sima Ved Shaji Ul Mulk Ramesh Prabhakar L.T. Pagarani Ram Buxani Surender Kandhari Sohan Roy Shyam Bhatia