Raj Kumar Hiranandani

Royal Holdings/RB Capital

 

The businessman built up the Royal Holdings and RB Capital empire

A strong presence in the real estate industry for over six decades, Raj Kumar Hiranandani set up his own business, Royal Holdings with the pure intention of transforming his dreams. Established since 1947, the third generation private family office is responsible for development and management of properties across the Asia Pacific region. This ranges from the likes office towers and residential apartments to hotels and retail spaces. In fact, the group is one of the largest commercial space owners, with 800 units located in Singapore’s retail strata. This substantial interest can be seen in their acquisition of major shopping malls such as Tanglin Shopping Centre, Lucky Plaza and Far East Plaza, to name a few.

The opportunistic entrepreneur is also known for his incredible business acumen and has seized viable property assets, from the RB Capital office building in the heart of the CBD to major hospitality names like the five-star Intercontinental Singapore Robertson Quay Hotel. He has even passed down these traits to his billionaire son, Kishin RK who is founder and CEO of RB Capital and even went on to start up Tiffin Labs, a food tech company born out of the pandemic in 2019. The father-son duo has partnered up on several more recent developments that include Southeast Asia’s largest Holiday Inn Express.

Hirandani also set up the RK Global office designed to manage the family's wealth and focus on philanthropy efforts.

Impacted Industries