Hospitality, real estate, entertainment: Kabir Mulchandani

As the founder and executive chairman, Kabir Mulchandani has overseen the rapid expansion of FIVE Holdings, a company that integrates luxury hospitality, innovative real estate, and world-class entertainment into its diverse portfolio.

Mulchandani’s entrepreneurial journey began in 2004, when he entered the real estate market in Dubai. Recognising the potential for synergy between real estate and hospitality, he founded FIVE Holdings in 2011. Under his leadership, the company has grown into an influential player in the global hospitality and entertainment industries.

Today, FIVE Holdings boasts a rapidly expanding portfolio that includes iconic properties and entertainment assets across the globe. The company’s flagship hotels include: FIVE Palm Jumeirah and FIVE Jumeirah Village in Dubai; FIVE LUXE in JBR; FIVE Zurich in Switzerland, which marked the company’s expansion into the European market in 2022, and Destino Pacha Hotel Ibiza and El Hotel Pacha in Spain, reflecting FIVE’s growing footprint in Europe.

Beyond hospitality, FIVE Holdings has made significant inroads into entertainment, fashion, and music. Key assets include Pacha Ibiza Nightclub, one of the world’s most famous nightlife brands, FIVE Mode and The Pacha Collection, high-end fashion lines that combine the essence of luxury lifestyle with fashion-forward design, a range of lifestyle and nightlife assets such as Toy Room

Clubs and WooMoonStorytellers, which span multiple international markets, FIVE Music, a joint venture with Warner Music Group, alongside the establishment of the FIVE Music Studio, adding to the company’s multifaceted entertainment strategy.

FIVE Holdings reported $245m in revenue for the six-month period ending June 30, 2024, and has a total asset value of $2.9bn.

The company also employs over 3,060 people globally. These figures reflect the company’s explosive growth and its commitment to creating world-class experiences for its customers.

At the heart of FIVE Holdings’ business model is ‘Sustainable Indulgence’, a philosophy that blends luxury and sustainability. Under Mulchandani’s leadership, the company earned the world’s highest ESG ‘A’ rating from ISS Global Rating Agency.