Milestones
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1905
The Phoenix Mills Ltd. began operations as a textile manufacturing company on 17.3 acres land in Lower Parel, Mumbai. The objective was to manufacture cotton textile goods. -
1959The Phoenix Mills Ltd. was listed on the Bombay Stock Exchange.
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1986Phoenix House and Phoenix Centre was operational, a commercial centre with an area of 350,000 sq ft of office space.
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1987The company entered into the growing real estate market where High Street Phoenix emerged as the most frequented.
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1996The first multi-storied Phoenix residential towers were built on the Phoenix Mills Land.
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2004High Street Phoenix had 400,000 sq ft of retail with the introduction of Skyzone and other retail stores.
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2005The Phoenix Mills Ltd. celebrated its 100 years anniversary.
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2008Palladium, Mumbai.
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2011Phoenix Marketcity, Pune and Bengaluru.
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2012Phoenix Marketcity, Kurla and Chennai.
One Bangalore West Launch. -
2015Launched Courtyard by Marriott at Agra; exclusive luxury residential project at Bengaluru and operationalised 5 in-house F&B outlets at some of our retail assets.
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2016The St. Regis, Mumbai, the premiere most brand in Starwood Hotels portfolio begins operations from Sept’15. PML raised ` 2,830 mn via Qualified Institutional Placement (QIP) in July 2015.
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2017Partnered with CPPIB to develop, own and operate retail-led mixed-use developments across India through our 100% subsidiary that houses Phoenix MarketCity, Bengaluru (ISMDPL). CPPIB to invest over ` 16 Billion in ISMDPL.
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2018Acquired two brownfield and three greenfield land parcels with estimated Retail GLA of 0.46 Msm and additional development potential of 0.26 Msm.
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CurrentGrowth of retail profile from 0.64 msm to 1.11 msm, Phoenix Palassio, Lucknow became operational in record time of 24 months from our acquisition date with Retail GLA of 0.084 msm.
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CurrentSuccessfully raised Rs. 11,000 mn of equity capital by the way of QIP from marquee investors
