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NSE
624.45
Change Change %
-7.20 -1.14%

Updated:23 Aug, 2019, 15:59 PM IST

BSE
635.20
Change Change %
2.65 0.42%

Updated:23 Aug, 2019, 16:01 PM IST

Incorporated in 1905, Phoenix Mills started as textile manufacturing company. It is engaged in property development business.

In 1987, the company forayed into real estate market by developing High Street Phoenix. In 1992, the company built its first multi–storied residential towers which were built on Phoenix Mills Land. In 1996, the company opened South Asia?óÔé¼Ôäós largest 20 lane bowling concourse.

In 2001, the company was the first to introduce hyper market concept through ?óÔé¼?£Big Bazaar?óÔé¼Ôäó located at High Street Phoenix.

The company has developed an expertise in converting mill land into modern, multi–use integrated property. Presently, the company has presence in retail and entertainment, commercial and residential complexes.

The company has subsidiaries namely Pallazzio Hotels and Leisure, Bellona Finvest, Marketcity Developers and Kalani Holdings.

Business

Retail– Under this company is engaged into development of malls.  Company?óÔé¼Ôäós flagship development High Street Phoenix has emerged as the most frequented destination in Mumbai. The company has strategic alliance with Pantaloon group which owns major brands like Big Bazaar and Pantaloon. The company has developed malls under the name Phoenix Market City located at Mumbai, Pune, Bangalore and Chennai.

Hospitality– Under this the company is engaged in developing 5 star hotels. The company has various ongoing projects under this segment located in Mumbai, Chennai, Pune and Agra.

Entertainment–The company is engaged in development of entertainment zone such as multiplexes, gaming arcades, food courts and shopping centers.

Commercial– Under this company has developed properties for commercial offices.

Outlook

Phoenix Mills has entered into a deal with Adlabs Cinemas to develop country?óÔé¼Ôäós largest multiplex cinema in Mumbai. This multiplex will be developed on 1,40,000 sq ft area that consist of 15 screens and over 4,000 seats.

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