The Phoenix Mills Limited
PHOENIXLTD.BO
Bombay Stock Exchange1,710.75
INR
+4.45
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The Phoenix Mills Limited
PHOENIXLTD.BO
(Bombay Stock Exchange)
Recent
price
1,710.75
P/E
ratio
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- The Phoenix Mills Limited is an India-based owner, operator, and developer of retail-led mixed-use destinations, primarily engaged in the development, leasing, and management of retail malls, commercial office spaces, hospitality assets, and residential properties. Its core offerings include retail mall development and operations under prominent brands, commercial office leasing, hotel operations including properties under The St. Regis and Courtyard by Marriott brands, and residential real estate developments. The company’s retail spaces feature a mix of top international and national brands, catering to evolving urban consumer demands across major Indian cities. Founded in 1905 and headquartered in Mumbai, The Phoenix Mills Limited operates extensively across India with a strong portfolio that includes some of the largest retail-led mixed-use projects such as High Street Phoenix in Mumbai and new developments like the recently launched Phoenix Palassio mall in Lucknow. The company also manages hospitality assets and restaurants in cities including Mumbai and Agra, reflecting its diversified real estate focus. In recent major developments, The Phoenix Mills Limited has acquired the remaining 49% stake in Island Star Mall Developers Private Limited (ISMDPL) from Canada Pension Plan Investment Board (CPP Investments) to gain full ownership, facilitating greater control over its retail assets in key urban centers like Bengaluru, Pune, and Indore. This consolidation supports the company’s strategy to leverage operational synergies and monetize floor space index potential through phased developments. Additionally, it launched a new mall, Phoenix Palassio, in Lucknow, and is actively expanding its solar power initiatives by collaborating with Renew Power to generate 5 MW of solar energy, underscoring its sustainability commitment. The company also secured India’s first pandemic business interruption insurance cover, highlighting its proactive risk management measures. The Phoenix Mills Limited’s business segments include Property and Related Services, Hospitality Services, and Residential Business. It continues to execute strategic partnerships and joint ventures, including ongoing partnerships with CPP Investments for future opportunities. Its focus on experiential retail is exemplified by recent initiatives like launching Gourmet Village at Phoenix Palladium, enhancing the consumer experience. Overall, The Phoenix Mills Limited stands as a leading player in India's retail-led real estate sector, blending retail, commercial, hospitality, and residential development and operations with a comprehensive approach to urban mixed-use destinations and sustainability efforts.