Page 48 - Arabian Business

INDIAN ACES POWERED BY:

Kabir Jacky
A
B
Mulchandani Panjabi
C
D
E Chairman and Group CEO Founder
FIVE HOLDINGS JACKY’S GROUP
F Construction and hospitality Retail
G
DESPITE HEADING FAMILY FIRM
H Jacky’s Group for 45 years, founder
Jacky Panjabi is as involved in the
I
business as ever, often referring to the
J phrase, “Players keep on changing,
but business is always young.” The
K
businessman started the firm as a small
L mail order business for television and
M LT Pagarani typewriters in 1970, and grew it into a
$550m wholesale electronics company
N operating across Africa, the Middle
Chairman East and the Far East.
O
CHOITHRAMS GROUP In 2013, it launched Jacky’s Retail
P Retail in partnership with Samsung, to open
the electronics giant’s branded stores
Q across the UAE. The first store in Mall
R KABIR MULCHANDANI IS A LT PAGARANI’S SUPERMARKET of Emirates continues to be one of
hands-on developer who famously empire started long before the Samsung’s most successful in the world.
S forwent his air-conditioned office in brand established itself in the UAE
Downtown Dubai for a construction three decades ago. It was initially set
T
site while building his flagship FIVE up in Sierra Leone in the 1940s by Dr Sanjay
U Palm Jumeirah Dubai. The completion Thakurdas Choithram Pagarani, who
of the $1.17bn hotel sealed his grew it into an international giant
V
successful comeback in the Dubai spanning Europe, North America, Parashar
W property industry. Not only did the Africa and finally, the GCC.
hotel hand over its 220 stunning Today, it has over 25 stores
X
residences and 450 hotel rooms but it in the Gulf. But the younger Founder and plastic surgeon
Y was also opened ahead of schedule. Pagarani has done just as good a COCOONA CENTRE FOR
Mulchandani and FIVE Holdings job in expanding the group as his AESTHETIC TRANSFORMATION
Z recently announced they have predecessor, developing it to cover Healthcare
completed 60 percent of the sectors such as hospitality, clothing,
construction of another five-star hotel, logistics and distribution. DR SANJAY PARASHAR HAS BEEN
this time in Jumeirah Village Circle. The The group continues to grow in in the plastic surgery industry for
award-winning project, which is slated the UAE, where it opened its new 20 years, having started his career in
for completion in Q4 2018, will feature flagship supermarket in Mirdif in India before moving to Dubai in 2005
247 hotel rooms and suites, 221 hotel 2016, followed by its Marketplace by to launch the Cocoona brand, which
apartments and 33 four-bedroom hotel Choithrams concept in October last offers everything from weight loss
apartments, all with private pools. year at Jumeirah Golf Estates. The surgery to dental. Its most popular
Mulchandani, who won a CEO 16,441 sq ft supermarket is spread procedures, of course, are plastic and
Middle East award at the end of 2017, across two levels and houses a range cosmetic surgeries – something the
is a keen philanthropist. In the same of fresh foods and non-food products. doctor refers to as “art”. So far, he has
month that FIVE Palm Jumeirah Dubai four centres in Dubai and two in India,
opened, he launched Project Udaan with a specialised hospital currently
with the aim of saving a life a day in 59.2m being built on Jumeirah Beach Road.
India. The project is funded by FIVE He has performed over 10,000
Hotels and Resorts and provides daily The UAE’s annual food consumption surgeries in the region, many of which
life-saving surgery to cure children who by 2025, according to the UAE Food are aimed at helping victims of acid
are born with congenital heart defects. Industry Report attacks, particularly women.
48 Vol. 19/04, January – February 2018