Phoenix Mills Limited (PML) is a leading retail-led mixed-use developer in India, with a strong presence across various cities. Founded in 1905, the company initially began as a textile manufacturing company. Over the decades, Phoenix Mills has transformed into a significant player in the real estate sector, particularly known for developing large-format retail malls, commercial spaces, and hospitality projects.

Phoenix Mills operates through multiple verticals, with retail being the core of its business. The company is known for its "Phoenix Marketcity" brand, which is synonymous with luxury retail spaces. These malls are spread across major cities such as Mumbai, Bangalore, Pune, and Chennai. PML's business model revolves around acquiring prime land, developing it into world-class retail spaces, and then managing these properties to generate rental income.

Apart from retail, PML has diversified into commercial office spaces and hospitality. The company's commercial properties, such as "Fountainhead" and "Art Guild House," are located in key business districts and cater to the needs of top-tier corporate clients. In the hospitality segment, Phoenix Mills has partnered with global hotel chains to develop luxury hotels adjacent to its retail properties, thereby creating a comprehensive mixed-use environment.

Phoenix Mills has been aggressive in expanding its footprint across India. The company follows a strategy of identifying high-potential urban centres and developing large-scale projects that cater to the growing demand for organized retail and commercial spaces.