Phoenix Mills Limited, owned by the Ruia family was incorporated on January 27th, 1905. The Company began its operations as a textile manufacturing company on 17.3 acres land at Lower Parel in Mumbai for manufacturing cotton textile goods. It is presently involved in the the development and leasing of commercial and retail space. The company has 9 operational retail assets with a leasable area of around 6.9 mllion square feet in Mumbai, Bangalore, Chennai, Pune, Lucknow, Agra & Bareilly.