Early Life and Family
Asok Kumar Hiranandani, born in 1954, is a Singaporean businessman of Indian origin. He is the co-founder of the erstwhile Royal Brothers property group. Hiranandani's parents were migrants from India during the 1947 Partition. He has one son and one daughter.
Rise to Success
Asok Kumar Hiranandani's career in real estate began after he and his older brother, Raj Kumar, took over the family's struggling textile business. By the mid-1980s, they focused on real estate. In 2011, the brothers separated their assets. Asok then established Royal Group Holdings. He is a co-founder of the Royal Brothers property group. Royal Group owns prime Singapore assets, including the 215-room Sofitel Singapore Sentosa Resort and the Royal One Phillip office building.
Key Business Strategies
Hiranandani's business strategy includes a focus on strategic asset monetization. He has a plan to bring in fresh capital every five years. Royal Group funds most of its projects with cash from asset sales and rental income. They also focus on creating integrated townships and lifestyle patterns. The Royal Group is known for its quality, commitment to customers, and excellence in architecture.
Philanthropy
Beyond business, Asok Kumar Hiranandani is involved in philanthropy, focusing on causes like education, healthcare, and community development. He has donated to organizations such as the Hiranandani Foundation and other local charities, and continues to support initiatives that drive social impact.