PHOENIX MILLS LTD
Established in 1905, Phoenix Mills Ltd. is India's largest retail-led mixed-use developer with presence across major metros including Mumbai, Bengaluru, Chennai, Pune, Agra, Indore, Lucknow and Ahmedabad. It is one of the leading players in the operations and management of malls, construction of commercial and residential properties and hotel businesses in India. The company has a glorious history of more than 100 years. Phoenix Mills commenced its operations as a textile manufacturer at Lower Parel in Mumbai. Later, in 1987, it entered the real estate market where High Street Phoenix emerged as the most frequented destination in Mumbai.
In 2001, it introduced India's first hypermarket concept by launching Big Bazaar in Mumbai. Then the business got diversified with the help of Pantaloons, lifestyle departmental stores, a five-star luxury hotel, Phoenix Market City malls, and many more. The company operates in four major segments such as retail, commercial residential and hospitality. It has nine large-scale assets across six Indian cities and has delivered five commercial properties with high-end amenities and contemporary designs of international standards.
'One Bangalore West' and 'Kessaku' are two premium residential properties developed with unique design and quality. The company has best-in-class hotels, namely, The St. Regis, Mumbai and Courtyard by Mariott, Agra, managed by renowned global operators. The company's vision is to create shareholder value by generating exceptional yields from capital growth, sales and lease of architecturally superior and difficult to replicate assets that are truly world-class in quality and infrastructure and to create superior business environment by building a loyal customer base.
Sector Overview
Esta historia es de la edición May 23, 2022 de Dalal Street Investment Journal.
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