The Phoenix Mills Limited

BSE: 503100 NSE: PHOENIXLTD
The Phoenix Mills Limited - business services in Mumbai, Maharashtra, India. FY 2026 financials and compliance.
CIN L17100MH1905PLC000200 Incorporated 27 January 1905 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - NSE: PHOENIXLTD · BSE: 503100 Public Limited Company business services
Data last updated
Revenue · FY 2026
₹4,422.8 Cr
▲ 15.98% YoY
EBITDA · FY 2026
₹2,807.85 Cr
▲ 21.44% YoY
Net profit · FY 2026
₹1,556.51 Cr
▲ 19.06% YoY
Authorised capital
₹75 Cr
Registered with MCA
Paid-up capital
₹71.52 Cr
Issued & subscribed
Open charges
₹2,396.5 Cr
Satisfied ₹3,395.6 Cr
Company age
121 yrs
Est. 1905
Employees · EPFO
99
Latest available

About The Phoenix Mills Limited

Data last updated: 22 December 2025

The Phoenix Mills Limited is a public limited company based in Mumbai, Maharashtra, India. It specialises in mall and retail management, a part of the broader business services sector. Incorporated on 27 January 1905, the company has been in operation for over 121 years.

Registered with ROC Mumbai under CIN L17100MH1905PLC000200. Listed on BSE: 503100 and NSE: PHOENIXLTD.

Capital: an authorised share capital of ₹75 Cr and a paid-up capital of ₹71.52 Cr. It is led by directors including Shishir Ashok Shrivastava and Sumeet Anand.

Last AGM: 29 September 2025. Financial statements filed for year ended 31 March 2025. Office: 462 Senapati Bapat Marg Lower Parel, Mumbai, Maharashtra, India – 400013.

As per the financials filed for FY 2025, the company reported a revenue of ₹3,964.47 Cr, a decline of 4% compared to the previous year.

The company has a workforce of approximately 99 employees as per the latest available data. Its group structure includes 34 subsidiaries.

The company is associated with 1 brand - Phoenix Mills. As per MCA filings, the company has open charges of ₹2,396.5 Cr and satisfied charges of ₹3,395.6 Cr on record.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website thephoenixmills.com.

Company Details of The Phoenix Mills Limited
CIN L17100MH1905PLC000200
Registration Number 000200
Incorporation Date 27 January 1905
ROC Mumbai
Listing Status Listed (BSE: 503100, NSE: PHOENIXLTD)
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Rajesh Ramesh Kulkarni Whole-Time Director Rashmi Sen Whole-Time Director Kailash Babu Gupta Cfo
Contact Details
  • Email
    *****@*****.com
  • Telephone
    +91-****-******
  • Website
    thephoenixmills.com
  • Social Media
  • Registered Address
    462 Senapati Bapat Marg Lower Parel, Mumbai, Maharashtra, India – 400013
  • Industry
    Business Services, Mall & Retail Management
Company report
The Phoenix Mills Limited - full intelligence report
  • Historical Financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Litigation, compliance and MCA filings
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Financials, compliance, directors, charges, ownership and filings for The Phoenix Mills Limited in one report.

10-year financials Directors & ownership Charges & compliance

Associated Brands with The Phoenix Mills Limited

The Phoenix Mills Limited operates one associated brand: Phoenix Mills. These brands represent The Phoenix Mills Limited's diversified market presence and brand portfolio.

Brand Description Website
Phoenix Mills
Residential and commercial property development services are provided. thephoenixmills.com

Competitors & Alternatives of The Phoenix Mills Limited

Brands and companies operating in the same space as The Phoenix Mills Limited include Godrej Properties, Vingroup, DLF India and 7 more.

Competitor Description Location Founded
Godrej Properties Godrej Properties Residential and commercial properties are developed by Godrej Properties. Mumbai, India, India 1990
Vingroup Vingroup Real estate development and management services are offered by Vingroup. Hanoi, Vietnam, Vietnam 1993
DLF India DLF India Provider of property and real estate development services Gurugram, India, India 1947
Lendlease Lendlease Sustainable project development and maintenance services are provided worldwide. Melbourne, Australia, Australia 1958
Frasers Property Frasers Property Residential and commercial properties are developed and managed across regions. Singapore, Singapore, Singapore 1924
Sunac Sunac Residential and commercial real estate development is conducted by Sunac. Shanghai, China, China 2003
Lodha Group Lodha Group Developer of residential and commercial real estate properties Mumbai, India, India 1980
Vanke Vanke Real estate properties are developed in over 50 cities. Shenzhen, China, China 1984
Eiffage Eiffage Eiffage is engaged in construction, energy, and infrastructure concessions. Paris, France, France 1920
City Developments City Developments Real estate development and management services are provided globally. Singapore, Singapore, Singapore 1963

Business Activity of The Phoenix Mills Limited

The Phoenix Mills Limited is engaged in the principal business activity of real estate, with detailed activities including real estate activities with own or leased property.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
L Real Estate L1 Real estate activities with own or leased property *********

Auditor Details of The Phoenix Mills Limited

The Phoenix Mills Limited is audited by DTS & Associates LLP (ICAI peer reviewed, certificate valid till 2026-09-30) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.

Name Financial year Audit opinion
DTS & Associates LLP (ICAI peer reviewed, certificate valid till 2026-09-30) FY 2026 Declaration of unmodified opinion

Board of Directors of The Phoenix Mills Limited

The Phoenix Mills Limited is currently managed by 11 directors, with 38 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Shishir Ashok Shrivastava
Also directs: Jasper Bridge Ventures Llp
Director 28 Sep 2010 15 Years 9 Months Current
Sumeet Anand
Also directs: Indwest Advisors Llp, Island Star Mall Developers Private Limited, Palladium Constructions Private Limited and 5 more
Director 08 Aug 2023 2 Years 11 Months Current
Archana Niranjan Hingorani
Also directs: Siana Capital Management Llp, Raiin Resources Llp, Mafatlal Industries Limited and 5 more
Director 08 Aug 2023 2 Years 11 Months Current
Rajesh Ramesh Kulkarni Whole-Time Director 27 May 2021 5 Years 1 Months Current
Rashmi Sen Whole-Time Director 08 Aug 2023 2 Years 11 Months Current
Anand Mahendra Khatau
Also directs: Amaltaas Gardens Llp, Malabar Hill Club Limited, Veriqus Asset Management Private Limited and 1 more
Director 08 Aug 2023 2 Years 11 Months Current
Showing 6 of 11 current directors. View all directors

Financials of The Phoenix Mills Limited FY 2026 filings available

The Phoenix Mills Limited reported revenue of ₹4,422.8 Cr (up 15.98% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.

Revenue · FY 2026
₹4,422.8 Cr ▲ 15.98%
Profit · FY 2026
₹1,556.51 Cr ▲ 19.06%
EBITDA · FY 2026
₹2,807.85 Cr ▲ 21.44%
Revenue₹ Cr · Consolidated02,0004,0006,000FY 2020: ₹1,941 Cr1,941FY 2020FY 2021: ₹1,073 Cr · -44.7% YoY1,073-44.7%FY 2021FY 2022: ₹1,483 Cr · +38.2% YoY1,483+38.2%FY 2022FY 2023: ₹2,638 Cr · +77.8% YoY2,638+77.8%FY 2023FY 2024: ₹3,978 Cr · +50.8% YoY3,978+50.8%FY 2024FY 2025: ₹3,814 Cr · -4.1% YoY3,814-4.1%FY 2025FY 2026: ₹4,423 Cr · +16% YoY4,423+16%FY 2026
Net Profit₹ Cr · Consolidated01,0002,000FY 2020: ₹388 Cr388FY 2020FY 2021: ₹48 Cr · -87.7% YoY47.7-87.7%FY 2021FY 2022: ₹268 Cr · +461.8% YoY268+461.8%FY 2022FY 2023: ₹1,478 Cr · +450.9% YoY1,478+450.9%FY 2023FY 2024: ₹1,333 Cr · -9.8% YoY1,333-9.8%FY 2024FY 2025: ₹1,307 Cr · -1.9% YoY1,307-1.9%FY 2025FY 2026: ₹1,557 Cr · +19.1% YoY1,557+19.1%FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year05001,0001,500Q1'25: ₹904 Cr · +11.5% YoY904+11.5%Q1'25Q2'25: ₹918 Cr · +4.9% YoY918+4.9%Q2'25Q3'25: ₹975 Cr · -1.1% YoY975-1.1%Q3'25Q4'25: ₹1,016 Cr · -22.2% YoY1,016-22.2%Q4'25Q1'26: ₹953 Cr · +5.4% YoY953+5.4%Q1'26Q2'26: ₹1,115 Cr · +21.5% YoY1,115+21.5%Q2'26Q3'26: ₹1,121 Cr · +15% YoY1,121+15%Q3'26Q4'26: ₹1,233 Cr · +21.3% YoY1,233+21.3%Q4'26
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹4,422.8 Cr ₹3,813.57 Cr ₹3,977.69 Cr ₹2,638.35 Cr ₹1,483.48 Cr ₹1,073.29 Cr ₹1,941.14 Cr
Other Income ₹170.75 Cr ₹150.9 Cr ₹132.18 Cr ₹116.3 Cr ₹74.44 Cr ₹92.29 Cr ₹58.5 Cr
Total Income ₹4,593.55 Cr ₹3,964.47 Cr ₹4,109.87 Cr ₹2,754.65 Cr ₹1,557.91 Cr ₹1,165.58 Cr ₹1,999.64 Cr
Cost of Materials Consumed ₹293.69 Cr ₹210.45 Cr ₹186.96 Cr ₹592.15 Cr ₹89.18 Cr ₹33.21 Cr ₹81.85 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories -₹2.48 Cr ₹7.83 Cr ₹334.23 Cr -₹443.29 Cr ₹13.81 Cr ₹43.69 Cr ₹114.02 Cr
Employee Benefit Expense ₹404.35 Cr ₹362.69 Cr ₹298.95 Cr ₹232.47 Cr ₹156.93 Cr ₹112.53 Cr ₹165.53 Cr
Finance Costs ₹386.84 Cr ₹403.21 Cr ₹395.87 Cr ₹341.18 Cr ₹294.46 Cr ₹347.81 Cr ₹347.82 Cr
Depreciation & Amortisation ₹360.31 Cr ₹326.52 Cr ₹270.2 Cr ₹227.81 Cr ₹185.85 Cr ₹209.44 Cr ₹207.62 Cr
Other Expenses ₹1,090.14 Cr ₹1,071.43 Cr ₹980.74 Cr ₹738.08 Cr ₹489.64 Cr ₹389.67 Cr ₹612.59 Cr
Total Expenses ₹2,532.86 Cr ₹2,382.13 Cr ₹2,466.94 Cr ₹1,688.4 Cr ₹1,229.87 Cr ₹1,136.35 Cr ₹1,529.43 Cr
Profit Before Exceptional Items & Tax ₹2,060.7 Cr ₹1,582.35 Cr ₹1,642.92 Cr ₹1,066.24 Cr ₹328.05 Cr ₹29.22 Cr ₹470.21 Cr
Exceptional Items -₹28.98 Cr ₹12.75 Cr ₹0 ₹605.2 Cr ₹0 ₹0 ₹7.77 Cr
Profit Before Tax ₹2,031.71 Cr ₹1,595.09 Cr ₹1,642.92 Cr ₹1,671.44 Cr ₹328.05 Cr ₹29.22 Cr ₹477.97 Cr
Total Tax Expense ₹475.1 Cr ₹293.57 Cr ₹316.6 Cr ₹198.94 Cr ₹80.06 Cr -₹4.68 Cr ₹122.09 Cr
Net Profit ₹1,556.51 Cr ₹1,307.34 Cr ₹1,332.75 Cr ₹1,477.57 Cr ₹268.2 Cr ₹47.74 Cr ₹388.5 Cr
  attributable to Owners ₹1,223.82 Cr ₹984.23 Cr ₹1,099.21 Cr ₹1,334.96 Cr ₹237.35 Cr ₹52.61 Cr ₹334.73 Cr
  attributable to NCI ₹332.69 Cr ₹323.11 Cr ₹233.54 Cr ₹142.61 Cr ₹30.85 Cr -₹4.86 Cr ₹53.77 Cr
Other Comprehensive Income -₹15.81 Cr ₹13.82 Cr ₹52.95 Cr -₹16.78 Cr ₹11.28 Cr ₹32.64 Cr -₹52.12 Cr
Total Comprehensive Income ₹1,540.7 Cr ₹1,321.16 Cr ₹1,385.7 Cr ₹1,460.79 Cr ₹279.49 Cr ₹80.38 Cr ₹336.38 Cr
EBITDA (computed) ₹2,807.85 Cr ₹2,312.08 Cr ₹2,309 Cr ₹1,635.24 Cr ₹808.36 Cr ₹586.47 Cr ₹1,025.65 Cr
Basic EPS ₹34.23 ₹27.53 ₹61.36 ₹74.76 ₹13.31 ₹3.20 ₹21.82
Diluted EPS ₹34.21 ₹27.52 ₹61.31 ₹74.71 ₹13.30 ₹3.19 ₹21.77
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹22,853 Cr ₹21,531 Cr ₹19,283 Cr ₹17,589 Cr
Non-current Assets ₹19,729 Cr ₹18,835 Cr ₹15,896 Cr ₹14,123 Cr
Current Assets ₹3,123.45 Cr ₹2,696.48 Cr ₹3,387.45 Cr ₹3,466.48 Cr
Property, Plant & Equipment ₹2,283.13 Cr ₹2,279.77 Cr ₹2,213.17 Cr ₹1,809.25 Cr
Inventories ₹776.39 Cr ₹773.91 Cr ₹781.74 Cr ₹1,211.73 Cr
Trade Receivables ₹316.78 Cr ₹230.19 Cr ₹270.05 Cr ₹238.25 Cr
Cash & Equivalents ₹181.41 Cr ₹222.67 Cr ₹455.23 Cr ₹264.58 Cr
Equity (Net Worth) ₹14,305 Cr ₹13,853 Cr ₹12,387 Cr ₹11,076 Cr
Equity Share Capital ₹71.53 Cr ₹71.5 Cr ₹35.74 Cr ₹35.72 Cr
Borrowings (Non-current) ₹4,704.4 Cr ₹3,847.07 Cr ₹3,813.08 Cr ₹3,310.2 Cr
Borrowings (Current) ₹591.34 Cr ₹816.04 Cr ₹798.84 Cr ₹949.08 Cr
Total Debt (computed) ₹5,295.74 Cr ₹4,663.11 Cr ₹4,611.92 Cr ₹4,259.28 Cr
Current Liabilities ₹2,428.71 Cr ₹2,368.05 Cr ₹2,245.17 Cr ₹2,578.51 Cr
Total Liabilities ₹8,547.8 Cr ₹7,678.52 Cr ₹6,895.9 Cr ₹6,513.12 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹2,425.69 Cr ₹2,083.56 Cr ₹2,161.73 Cr ₹1,356.05 Cr ₹780.61 Cr
Investing Cash Flow -₹1,645.58 Cr -₹2,162.12 Cr -₹1,859.15 Cr -₹1,536.02 Cr -₹2,841.19 Cr
Financing Cash Flow -₹730.55 Cr -₹47.27 Cr -₹299.21 Cr ₹136.76 Cr ₹2,227.56 Cr
Capital Expenditure ₹1,396.79 Cr ₹2,617.29 Cr ₹1,673.64 Cr ₹1,825.73 Cr ₹38.56 Cr
Free Cash Flow (computed) ₹1,028.9 Cr -₹533.73 Cr ₹488.08 Cr -₹469.68 Cr ₹742.04 Cr
Dividends Paid ₹89.39 Cr ₹89.5 Cr ₹89.6 Cr ₹43.07 Cr ₹17.41 Cr
Net Change in Cash ₹49.55 Cr -₹125.83 Cr ₹3.37 Cr -₹43.21 Cr ₹166.99 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹1,233.2 Cr ₹1,121.19 Cr ₹1,115.43 Cr ₹952.99 Cr ₹1,016.34 Cr ₹975.13 Cr ₹917.97 Cr ₹904.14 Cr ₹1,305.95 Cr ₹986.09 Cr ₹875.02 Cr ₹810.63 Cr
Other Income ₹61.16 Cr ₹47.28 Cr ₹30.79 Cr ₹31.52 Cr ₹45.15 Cr ₹30.4 Cr ₹37.1 Cr ₹38.26 Cr ₹37.19 Cr ₹34.4 Cr ₹31.62 Cr ₹28.97 Cr
Total Income ₹1,294.36 Cr ₹1,168.47 Cr ₹1,146.21 Cr ₹984.5 Cr ₹1,061.48 Cr ₹1,005.53 Cr ₹955.06 Cr ₹942.4 Cr ₹1,343.14 Cr ₹1,020.48 Cr ₹906.64 Cr ₹839.6 Cr
Cost of Materials Consumed ₹55.3 Cr ₹61.34 Cr ₹50.75 Cr ₹126.31 Cr ₹52.58 Cr ₹74.4 Cr ₹48.93 Cr ₹34.53 Cr ₹70.3 Cr ₹33.67 Cr ₹33.59 Cr ₹49.41 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹42.22 Cr ₹5.38 Cr ₹28.21 Cr -₹78.28 Cr ₹19.27 Cr -₹19.47 Cr ₹5.69 Cr ₹2.35 Cr ₹237.22 Cr ₹41.74 Cr ₹45.25 Cr ₹10.01 Cr
Employee Benefit Expense ₹91.2 Cr ₹109.38 Cr ₹107.52 Cr ₹96.25 Cr ₹86.98 Cr ₹98.65 Cr ₹88.45 Cr ₹88.6 Cr ₹73.92 Cr ₹87.53 Cr ₹73.07 Cr ₹64.43 Cr
Finance Costs ₹97.41 Cr ₹102.35 Cr ₹91.94 Cr ₹95.15 Cr ₹94.12 Cr ₹102.88 Cr ₹103.1 Cr ₹103.11 Cr ₹99.55 Cr ₹104.19 Cr ₹96.48 Cr ₹95.66 Cr
Depreciation & Amortisation ₹89.35 Cr ₹86.28 Cr ₹91.23 Cr ₹93.45 Cr ₹90.23 Cr ₹81.27 Cr ₹77.53 Cr ₹77.49 Cr ₹75.72 Cr ₹65.61 Cr ₹65.91 Cr ₹62.95 Cr
Other Expenses ₹294.87 Cr ₹288.81 Cr ₹262.04 Cr ₹244.43 Cr ₹297.85 Cr ₹268.73 Cr ₹257.21 Cr ₹247.64 Cr ₹297.8 Cr ₹271.33 Cr ₹217.15 Cr ₹194.46 Cr
Total Expenses ₹670.35 Cr ₹653.54 Cr ₹631.67 Cr ₹577.3 Cr ₹641.04 Cr ₹606.46 Cr ₹580.92 Cr ₹553.71 Cr ₹854.5 Cr ₹604.08 Cr ₹531.45 Cr ₹476.92 Cr
Profit Before Exceptional Items & Tax ₹624.01 Cr ₹514.94 Cr ₹514.54 Cr ₹407.21 Cr ₹420.44 Cr ₹399.07 Cr ₹374.15 Cr ₹388.69 Cr ₹488.64 Cr ₹416.41 Cr ₹375.19 Cr ₹362.68 Cr
Exceptional Items -₹3.99 Cr -₹24.99 Cr ₹0 ₹0 -₹2.73 Cr ₹15.98 Cr ₹0 -₹51 Lakh ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹620.01 Cr ₹489.95 Cr ₹514.54 Cr ₹407.21 Cr ₹417.71 Cr ₹415.05 Cr ₹374.15 Cr ₹388.18 Cr ₹488.64 Cr ₹416.41 Cr ₹375.19 Cr ₹362.68 Cr
Total Tax Expense ₹134.3 Cr ₹121.82 Cr ₹131.7 Cr ₹87.29 Cr ₹71.2 Cr ₹64.12 Cr ₹83.5 Cr ₹74.74 Cr ₹99.85 Cr ₹72.42 Cr ₹71.37 Cr ₹72.97 Cr
Net Profit ₹485.4 Cr ₹366.16 Cr ₹384.09 Cr ₹320.86 Cr ₹347.7 Cr ₹352.77 Cr ₹292.16 Cr ₹314.71 Cr ₹391.58 Cr ₹344.86 Cr ₹305.27 Cr ₹291.04 Cr
  attributable to Owners ₹403.35 Cr ₹275.79 Cr ₹303.99 Cr ₹240.69 Cr ₹268.82 Cr ₹264.76 Cr ₹218.1 Cr ₹232.54 Cr ₹326.73 Cr ₹279.36 Cr ₹252.62 Cr ₹240.5 Cr
  attributable to NCI ₹82.06 Cr ₹90.37 Cr ₹80.1 Cr ₹80.17 Cr ₹78.88 Cr ₹88 Cr ₹74.06 Cr ₹82.17 Cr ₹64.85 Cr ₹65.5 Cr ₹52.65 Cr ₹50.54 Cr
Other Comprehensive Income -₹14.72 Cr ₹4.78 Cr -₹11.7 Cr ₹5.83 Cr -₹42.47 Cr -₹12.38 Cr ₹5.8 Cr ₹62.88 Cr -₹1.83 Cr ₹17.3 Cr ₹9.25 Cr ₹28.23 Cr
Total Comprehensive Income ₹470.68 Cr ₹370.94 Cr ₹372.39 Cr ₹326.68 Cr ₹305.23 Cr ₹340.38 Cr ₹297.96 Cr ₹377.59 Cr ₹389.75 Cr ₹362.15 Cr ₹314.52 Cr ₹319.27 Cr
EBITDA (computed) ₹810.77 Cr ₹703.57 Cr ₹697.71 Cr ₹595.8 Cr ₹604.8 Cr ₹583.22 Cr ₹554.78 Cr ₹569.28 Cr ₹663.91 Cr ₹586.21 Cr ₹537.59 Cr ₹521.29 Cr
Basic EPS ₹11.28 ₹7.71 ₹8.50 ₹6.73 ₹7.52 ₹7.41 ₹8.17 ₹13.01 ₹18.09 ₹15.66 ₹14.15 ₹13.46
Diluted EPS ₹11.28 ₹7.71 ₹8.50 ₹6.73 ₹7.52 ₹7.40 ₹8.17 ₹13.00 ₹18.06 ₹15.66 ₹14.15 ₹13.45
Latest 12 quarters shown of 25 on record.
Segment · Q4 FY26 (latest quarter) Revenue Result (PBIT) Assets Liabilities
Property and related services ₹823.6 Cr ₹440.97 Cr ₹19,013 Cr ₹7,671.39 Cr
Hospitality services ₹202.94 Cr ₹65.65 Cr ₹949.45 Cr ₹430.86 Cr
Residential business ₹215.79 Cr ₹153.63 Cr ₹877 Cr ₹64.58 Cr
Segment · FY 2026 (annual) Revenue Result (PBIT) Assets Liabilities
Property and related services ₹3,232.54 Cr ₹1,748.86 Cr - -
Hospitality services ₹728.77 Cr ₹205.83 Cr - -
Residential business ₹496.04 Cr ₹322.1 Cr - -
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹543.94 Cr ₹486.12 Cr ₹465.71 Cr ₹476.51 Cr ₹283.59 Cr ₹249.18 Cr ₹444.43 Cr
Other Income ₹135.33 Cr ₹146.25 Cr ₹108.72 Cr ₹63.91 Cr ₹89.44 Cr ₹297.57 Cr ₹42.48 Cr
Total Income ₹679.27 Cr ₹632.37 Cr ₹574.44 Cr ₹540.43 Cr ₹373.03 Cr ₹546.75 Cr ₹486.91 Cr
Cost of Materials Consumed ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Employee Benefit Expense ₹39.39 Cr ₹37.7 Cr ₹36.06 Cr ₹32.52 Cr ₹21.19 Cr ₹12.68 Cr ₹23.38 Cr
Finance Costs ₹66.37 Cr ₹72.74 Cr ₹64.59 Cr ₹65.82 Cr ₹63.61 Cr ₹62.41 Cr ₹75.78 Cr
Depreciation & Amortisation ₹70.41 Cr ₹44.63 Cr ₹34.76 Cr ₹30.65 Cr ₹28.66 Cr ₹42.38 Cr ₹46.31 Cr
Other Expenses ₹146.52 Cr ₹148.27 Cr ₹117.8 Cr ₹123.64 Cr ₹98.19 Cr ₹113.03 Cr ₹161.88 Cr
Total Expenses ₹322.69 Cr ₹303.34 Cr ₹253.21 Cr ₹252.64 Cr ₹211.65 Cr ₹230.5 Cr ₹307.35 Cr
Profit Before Exceptional Items & Tax ₹356.57 Cr ₹329.03 Cr ₹321.23 Cr ₹287.79 Cr ₹161.37 Cr ₹316.25 Cr ₹179.56 Cr
Exceptional Items -₹29.49 Cr ₹40.39 Cr ₹0 ₹48.44 Cr ₹233.09 Cr ₹0 -₹1.25 Cr
Profit Before Tax ₹327.08 Cr ₹369.42 Cr ₹321.23 Cr ₹336.23 Cr ₹394.46 Cr ₹316.25 Cr ₹178.31 Cr
Total Tax Expense ₹56.41 Cr ₹32.12 Cr ₹41.02 Cr ₹45.83 Cr ₹24.59 Cr ₹23.99 Cr ₹30.75 Cr
Net Profit ₹270.67 Cr ₹337.3 Cr ₹280.21 Cr ₹290.4 Cr ₹369.88 Cr ₹292.26 Cr ₹147.56 Cr
Other Comprehensive Income -₹1.38 Cr ₹1.11 Cr ₹3.76 Cr -₹10.58 Lakh -₹20.76 Lakh ₹18.44 Lakh -₹1.83 Cr
Total Comprehensive Income ₹269.3 Cr ₹338.41 Cr ₹283.98 Cr ₹290.3 Cr ₹369.67 Cr ₹292.44 Cr ₹145.73 Cr
EBITDA (computed) ₹493.35 Cr ₹446.4 Cr ₹420.58 Cr ₹384.26 Cr ₹253.64 Cr ₹421.04 Cr ₹301.65 Cr
Basic EPS ₹7.57 ₹9.44 ₹15.64 ₹16.26 ₹20.74 ₹17.76 ₹9.62
Diluted EPS ₹7.57 ₹9.43 ₹15.63 ₹16.25 ₹20.73 ₹17.72 ₹9.60
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹6,479.68 Cr ₹6,341.85 Cr ₹6,035.86 Cr ₹5,784.85 Cr
Non-current Assets ₹5,933.26 Cr ₹5,790.82 Cr ₹5,457.1 Cr ₹5,199.64 Cr
Current Assets ₹546.43 Cr ₹551.03 Cr ₹578.77 Cr ₹585.2 Cr
Property, Plant & Equipment ₹68.84 Cr ₹45.98 Cr ₹32.76 Cr ₹33.14 Cr
Inventories ₹0 ₹0 ₹0 ₹0
Trade Receivables ₹27.08 Cr ₹22.88 Cr ₹23.47 Cr ₹33.16 Cr
Cash & Equivalents ₹33.26 Cr ₹22.77 Cr ₹3.1 Cr ₹29.37 Cr
Equity (Net Worth) ₹5,503.82 Cr ₹5,316.45 Cr ₹5,059.06 Cr ₹4,854.54 Cr
Equity Share Capital ₹71.53 Cr ₹71.5 Cr ₹35.74 Cr ₹35.72 Cr
Borrowings (Non-current) ₹637.37 Cr ₹682.11 Cr ₹616.76 Cr ₹426.35 Cr
Borrowings (Current) ₹9.07 Cr ₹67.23 Cr ₹103.16 Cr ₹227.49 Cr
Total Debt (computed) ₹646.44 Cr ₹749.34 Cr ₹719.91 Cr ₹653.84 Cr
Current Liabilities ₹254.53 Cr ₹260.49 Cr ₹292.78 Cr ₹414.99 Cr
Total Liabilities ₹975.87 Cr ₹1,025.4 Cr ₹976.81 Cr ₹930.31 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹417.5 Cr ₹320.44 Cr ₹229.94 Cr ₹294.76 Cr ₹378.05 Cr
Investing Cash Flow -₹158.47 Cr -₹180.73 Cr -₹171.26 Cr -₹112.18 Cr -₹436.41 Cr
Financing Cash Flow -₹248.54 Cr -₹57.95 Cr -₹146.27 Cr -₹303.5 Cr ₹126.79 Cr
Capital Expenditure ₹290.56 Cr ₹690.56 Cr ₹190.59 Cr ₹112.94 Cr ₹185.42 Cr
Free Cash Flow (computed) ₹126.94 Cr -₹370.12 Cr ₹39.36 Cr ₹181.82 Cr ₹192.63 Cr
Dividends Paid ₹89.39 Cr ₹89.37 Cr ₹89.55 Cr ₹43.06 Cr ₹17.41 Cr
Net Change in Cash ₹10.49 Cr ₹81.77 Cr -₹87.58 Cr -₹120.92 Cr ₹68.43 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹135.45 Cr ₹145.63 Cr ₹137.33 Cr ₹125.53 Cr ₹124.86 Cr ₹127.46 Cr ₹115.58 Cr ₹118.23 Cr ₹115.6 Cr ₹119.84 Cr ₹112.4 Cr ₹117.87 Cr
Other Income ₹7.14 Cr ₹27.11 Cr ₹95.44 Cr ₹5.63 Cr ₹21.65 Cr ₹14.04 Cr ₹104.52 Cr ₹6.04 Cr ₹5.29 Cr ₹4.82 Cr ₹92.69 Cr ₹5.92 Cr
Total Income ₹142.58 Cr ₹172.74 Cr ₹232.77 Cr ₹131.17 Cr ₹146.5 Cr ₹141.5 Cr ₹220.1 Cr ₹124.27 Cr ₹120.89 Cr ₹124.66 Cr ₹205.1 Cr ₹123.79 Cr
Cost of Materials Consumed ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Employee Benefit Expense ₹6.71 Cr ₹9.38 Cr ₹12.42 Cr ₹10.89 Cr ₹7.76 Cr ₹12.52 Cr ₹8.31 Cr ₹9.11 Cr ₹8.1 Cr ₹12.17 Cr ₹9.15 Cr ₹6.63 Cr
Finance Costs ₹13.76 Cr ₹19.34 Cr ₹16.19 Cr ₹17.08 Cr ₹19.23 Cr ₹18.63 Cr ₹18.11 Cr ₹16.77 Cr ₹15.94 Cr ₹16.21 Cr ₹15.97 Cr ₹16.46 Cr
Depreciation & Amortisation ₹15.22 Cr ₹16.67 Cr ₹16.23 Cr ₹22.29 Cr ₹15.85 Cr ₹11.98 Cr ₹8.68 Cr ₹8.13 Cr ₹10.76 Cr ₹8.09 Cr ₹8.03 Cr ₹7.88 Cr
Other Expenses ₹36.6 Cr ₹38.62 Cr ₹38.25 Cr ₹33.06 Cr ₹47.39 Cr ₹33.76 Cr ₹35.03 Cr ₹32.1 Cr ₹28.72 Cr ₹30.25 Cr ₹29.79 Cr ₹29.05 Cr
Total Expenses ₹72.29 Cr ₹84 Cr ₹83.09 Cr ₹83.32 Cr ₹90.23 Cr ₹76.88 Cr ₹70.13 Cr ₹66.1 Cr ₹63.52 Cr ₹66.72 Cr ₹62.95 Cr ₹60.02 Cr
Profit Before Exceptional Items & Tax ₹70.3 Cr ₹88.74 Cr ₹149.68 Cr ₹47.85 Cr ₹56.27 Cr ₹64.62 Cr ₹149.97 Cr ₹58.17 Cr ₹57.37 Cr ₹57.94 Cr ₹142.15 Cr ₹63.77 Cr
Exceptional Items -₹4.43 Cr -₹25.06 Cr ₹0 ₹0 -₹6.99 Cr ₹0 ₹0 ₹47.38 Cr ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹65.86 Cr ₹63.69 Cr ₹149.68 Cr ₹47.85 Cr ₹49.28 Cr ₹64.62 Cr ₹149.97 Cr ₹105.54 Cr ₹57.37 Cr ₹57.94 Cr ₹142.15 Cr ₹63.77 Cr
Total Tax Expense ₹11.06 Cr ₹17.89 Cr ₹20.33 Cr ₹7.13 Cr -₹2.28 Cr ₹8.8 Cr ₹16.06 Cr ₹9.54 Cr ₹4.5 Cr ₹7.72 Cr ₹16.21 Cr ₹12.59 Cr
Net Profit ₹54.8 Cr ₹45.8 Cr ₹129.36 Cr ₹40.72 Cr ₹51.57 Cr ₹55.81 Cr ₹133.92 Cr ₹96 Cr ₹52.87 Cr ₹50.22 Cr ₹125.94 Cr ₹51.18 Cr
Other Comprehensive Income -₹1.4 Cr ₹25.25 Lakh -₹58.2 Lakh ₹35.12 Lakh -₹3.08 Cr -₹1.42 Cr -₹62.07 Lakh ₹6.24 Cr -₹1.43 Cr ₹2.57 Cr ₹95.3 Lakh ₹1.67 Cr
Total Comprehensive Income ₹53.4 Cr ₹46.06 Cr ₹128.78 Cr ₹41.07 Cr ₹48.48 Cr ₹54.39 Cr ₹133.3 Cr ₹102.24 Cr ₹51.45 Cr ₹52.78 Cr ₹126.89 Cr ₹52.85 Cr
EBITDA (computed) ₹99.28 Cr ₹124.75 Cr ₹182.11 Cr ₹87.22 Cr ₹91.35 Cr ₹95.22 Cr ₹176.76 Cr ₹83.07 Cr ₹84.07 Cr ₹82.24 Cr ₹166.16 Cr ₹88.11 Cr
Basic EPS ₹1.53 ₹1.28 ₹3.62 ₹1.14 ₹1.44 ₹1.56 ₹3.75 ₹5.36 ₹2.91 ₹2.81 ₹7.05 ₹2.87
Diluted EPS ₹1.53 ₹1.28 ₹3.62 ₹1.14 ₹1.44 ₹1.56 ₹3.74 ₹5.36 ₹2.91 ₹2.81 ₹7.05 ₹2.86
Latest 12 quarters shown of 25 on record.
Want more history and ratios?
You're viewing the latest exchange-filed financials for The Phoenix Mills Limited. The full report adds 10+ years of line-item history, 20+ ratios, peer benchmarks and a downloadable PDF.
10+ years of history 20+ ratios & benchmarks Downloadable PDF

Shareholding Pattern of The Phoenix Mills Limited

As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 47.25%, foreign institutional investors hold 32.97%, domestic institutional investors hold 16.15%, retail and other public shareholders hold 3.64% of The Phoenix Mills Limited. The company had 73,876 shareholders on record.

Promoters: 47.25%DII (Domestic Institutional): 16.15%FII (Foreign Institutional): 32.97%Retail & Others: 3.64%
Mar 2026
QUARTER
47.25% Promoters
16.15% DII (Domestic Institutional)
32.97% FII (Foreign Institutional)
3.64% Retail & Others
Promoter holding - history
Now 47.25% · Mar 2026High 62.89% · Mar 2016Low 45.43% · Dec 2021
44%49%54%59%64%Dec 2015Jun 2018Sep 2020Dec 2022Jun 2025Dec 2015: 62.71%Mar 2016: 62.89%Jun 2016: 62.86%Sep 2016: 62.86%Dec 2016: 62.86%Mar 2017: 62.86%Jun 2017: 62.86%Sep 2017: 62.85%Dec 2017: 62.84%Mar 2018: 62.82%Jun 2018: 62.81%Sep 2018: 62.80%Dec 2018: 62.77%Mar 2019: 62.76%Jun 2019: 62.75%Sep 2019: 59.16%Dec 2019: 59.14%Mar 2020: 59.11%Jun 2020: 59.11%Aug 2020: 52.85%Sep 2020: 45.56%Dec 2020: 45.53%Mar 2021: 45.51%Jun 2021: 45.50%Sep 2021: 45.48%Dec 2021: 45.43%Jan 2022: 47.34%Mar 2022: 47.33%Jun 2022: 47.32%Sep 2022: 47.31%Dec 2022: 47.31%Mar 2023: 47.30%Jun 2023: 47.30%Sep 2023: 47.29%Dec 2023: 47.29%Mar 2024: 47.28%Jun 2024: 47.27%Sep 2024: 47.27%Dec 2024: 47.26%Mar 2025: 47.26%Jun 2025: 47.26%Sep 2025: 47.25%Dec 2025: 47.25%Mar 2026: 47.25%62.89%45.43%47.25%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Promoters47.25%47.25%47.25%47.26%47.26%47.26%
Public52.75%52.75%52.75%52.74%52.74%52.74%
Shareholding history - year on year (as at 31 March)
Mar 2026Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016
Promoters47.25%47.26%47.28%47.30%47.33%45.51%59.11%62.76%62.82%62.86%62.89%
Public52.75%52.74%52.72%52.70%52.67%54.49%40.89%37.24%37.18%37.14%37.11%
Promoter change (YoY, %pts)-0.01-0.02-0.02-0.03+1.82-13.60-3.65-0.06-0.04-0.03-

Board & Governance of The Phoenix Mills Limited

As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of The Phoenix Mills Limited has 8 directors - 4 independent and 2 executive. The board is chaired by Atul Ashokkumar Ruia.

DirectorPositionOn board sinceListed boards
Atul Ashokkumar Ruia Non-Executive - Non Independent Director · Chairperson 1996-11-19 1
Shishir Ashok Shrivastava Non-Executive - Non Independent Director 2010-03-18 1
Rajesh Ramesh Kulkarni Executive Director 2021-05-27 1
Rashmi Sen Executive Director 2023-08-08 1
Archana Niranjan Hingorani Non-Executive - Independent Director 2023-08-08 6
Anand M Khatau Non-Executive - Independent Director 2023-08-08 1
Sumeet Anand Non-Executive - Independent Director 2023-08-08 1
Sumanta Datta Non-Executive - Independent Director 2023-11-08 1
Board Committees
CommitteeMembers
Audit Committee Anand M Khatau (Chairperson), Sumeet Anand, Archana Niranjan Hingorani
Nomination and remuneration committee Sumanta Datta (Chairperson), Anand M Khatau, Sumeet Anand, Archana Niranjan Hingorani
Stakeholders Relationship Committee Anand M Khatau (Chairperson), Atul Ashokkumar Ruia, Shishir Ashok Shrivastava
Risk Management Committee Shishir Ashok Shrivastava (Chairperson), Rajesh Ramesh Kulkarni, Sumeet Anand
Corporate Social Responsibility Committee Atul Ashokkumar Ruia (Chairperson), Shishir Ashok Shrivastava, Sumanta Datta

Group Structure of The Phoenix Mills Limited

The Phoenix Mills Limited has 34 subsidiary companies and 5 associated companies. This group structure data is as of FY 2023. The corporate group structure reflects The Phoenix Mills Limited's business expansion strategy and organizational complexity.

34
Subsidiary companies
5
Associated companies
Key Subsidiaries
Company Name CIN Shares Held
Big Apple Real Estate Private Limited U17125UP2007PTC083025 -
Island Star Mall Developers Private Limited U45200MH2006PTC161067 -
Vamona Developers Private Limited U45201MH2006PTC165253 -
Upal Developers Private Limited U45201MH2006PTC292993 -
Sangam Infrabuild Corporation Private Limited U45201UP2006PTC031651 -
Mugwort Land Holdings Private Limited U45202MH2007PTC169133 -

Showing major subsidiaries. Total: 34.

Charges & Borrowings of The Phoenix Mills Limited

Open charges
₹2,396.5 Cr
Satisfied charges
₹3,395.6 Cr
Breakdown by lending institutions
Idbi Trusteeship Services Limited₹2,390.00 Cr
The Hongkong and Shanghai Banking Corporation Limited₹6.50 Cr
Latest charge details
DateLenderAmountStatus
21 Apr 2022 Idbi Trusteeship Services Limited ₹830 Cr Open
30 Nov 2021 The Hongkong and Shanghai Banking Corporation Limited ₹6.5 Cr Open
22 Mar 2018 Idbi Trusteeship Services Limited ₹200 Cr Open
20 Jun 2016 Idbi Trusteeship Services Limited ₹680 Cr Open
22 Mar 2016 Idbi Trusteeship Services Limited ₹680 Cr Open

Total charge records: 33 View all charges

Employees and EPFO Compliance at The Phoenix Mills Limited

The Phoenix Mills Limited has a workforce of 99 employees as of Apr 08, 2024.

Employee count
99
Active EPFO establishments
1
Employee growth
1.02%
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026

Employee Count & EPFO Data of The Phoenix Mills Limited

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Monthly employee headcount & PF contributions
EPFO establishment details & ECR filing status
Year-wise workforce analytics & attrition trends
PF exemption, coverage & compliance verification

GST Compliance of The Phoenix Mills Limited

XX%
Compliant
GSTR-1
GSTR-3B
GSTR-9
MH
KA
UP
TN
TS

GSTIN & GST Filing Data of The Phoenix Mills Limited

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GSTIN registrations & state-wise presence
Filing compliance - GSTR-1, GSTR-3B, GSTR-9
HSN/SAC codes with goods & services details
Taxpayer type, jurisdiction & business constitution

Credit Ratings, Litigation & Regulatory Alerts for The Phoenix Mills Limited

Credit rating
AAA
AA+
AA
AA-
! !
2015 2017 2019 2021 2023
Litigation
District Court 35
High Court 45
Supreme Court 0
NCLT / NCLAT 0
Pending
Disposed
Regulatory alerts
GSTIN Cancelled
Andhra Pradesh
GSTIN Cancelled
Telangana (on application)
EPFO Delay
12 months delay - Haryana
Violations via Directors
20 MCA + 19 Bank defaults

Credit Ratings, Legal Cases & Regulatory Alerts of The Phoenix Mills Limited

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Credit rating history across CARE, ICRA, Brickwork & India Ratings
Instrument-wise ratings, outlook & action timeline
Court-wise litigation (District, High Court, Supreme Court, NCLT)
Group company & common directorship litigation
Statutory compliance alerts (GSTIN, EPFO, ROC)
Director & company violations (MCA, SEBI, Banks, BSE/NSE)

MSME Payment Delays by The Phoenix Mills Limited

MSME Payment Delays by The Phoenix Mills Limited

Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.

Amounts outstanding to MSME suppliers
Delay periods & reasons for delayed payments
Half-yearly MSME-1 filing history
Vendor-payment behaviour as a counterparty risk signal

Subsidiaries & Group Companies of The Phoenix Mills Limited

Subsidiaries & Group Companies of The Phoenix Mills Limited

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Holding & parent company details
Subsidiaries & step-down subsidiaries with % holding
Associates & joint ventures with partner details
Investments in other entities year-on-year

MCA Filings & Documents of The Phoenix Mills Limited

MCA Filings & Documents of The Phoenix Mills Limited

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Incorporation documents, MoA & AoA
Annual returns (MGT-7) & financial statements (AOC-4)
Charge filings (CHG-1, CHG-4) & resolutions
Complete document index with filing dates

Recent Activity on The Phoenix Mills Limited

Activity
29 Sep 2025
The Phoenix Mills Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Activity
31 Mar 2025
The Phoenix Mills Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Directors
09 Nov 2024
Bhavik Manilal Gala was appointed as a Company Secretary on 09 Nov 2024 & has been associated with this company since 1 year 7 months.
Directors
10 Jun 2024
Kailash Babu Gupta was appointed as a Cfo on 10 Jun 2024 & has been associated with this company since 2 years 28 days.
Charges
24 May 2024
A charge registered on 08 Apr 2022 via Charge ID 100567112 with Idbi Trusteeship Services Limited was fully satisfied on 24 May 2024.
Charges
24 May 2024
A charge registered on 25 Mar 2021 via Charge ID 100428958 with Others was fully satisfied on 24 May 2024.

Recent News on The Phoenix Mills Limited

Phoenix Mills profit down 18% to ₹269 cr in Q4
03 May 2025 · Thehindubusinessline

Frequently Asked Questions about The Phoenix Mills Limited

The Phoenix Mills Limited is an active public limited company in the business services sector based in Mumbai, Maharashtra, India. It was incorporated on 27 January 1905 (121+ years old) and is registered under CIN L17100MH1905PLC000200. Listed on BSE: 503100 and NSE: PHOENIXLTD. The company has 99 employees.

The Phoenix Mills Limited reported revenue of ₹3,964.47 Cr for FY 2025 (down 4.00% YoY).

The current directors of The Phoenix Mills Limited are:

The primary industry of The Phoenix Mills Limited is business services. The company specifically operates in mall and retail management. The company is currently active in this sector.

Yes. The Phoenix Mills Limited is listed on both BSE (code: 503100) and NSE (symbol: PHOENIXLTD).

The Phoenix Mills Limited can be reached at the registered office: 462 Senapati Bapat Marg Lower Parel, Mumbai, Maharashtra, India – 400013, or through the website thephoenixmills.com.

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