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Like the name Ruia, which originates from the word ‘rui’ meaning cotton, the business history of the Ruia family began with the cotton trade. Mr. Ramnarain Ruia acquired the Phoenix Mills, Dawn Mills and Bradbury Mills and firmly integrated the family into the textile business.

The Phoenix Mills Ltd. began operations as a textile manufacturing company. Gradually the company entered the growing real estate market in Mumbai with High Street Phoenix emerging as the most frequented destination in the city. Having set a benchmark, the ideology and success story is being replicated as Market Cities across India.

The Ruia family was also instrumental in setting up The Union Bank of India and The New India Assurance, which till today are regarded as premium institutions.

The Ruias also contributed substantially to philanthropic purposes. The Ramnarain Ruia College, Matunga founded in 1936, a girl's school in Andheri, girl's school/college in rural Rajasthan and a cancer hospital in Tirupati are a few examples of their concern and attention to social responsibility.

Our Lineage:
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.
The Phoenix Mills Ltd was listed on the Bombay Stock Exchange.
1986 Phoenix House and Phoenix Centre was operational, a commercial centre with an area of 350,000 sq ft of office space.
The company entered into the growing real estate market where High Street Phoenix emerged as the most frequented destination in Mumbai.

The first multi-storied Phoenix residential towers were built on the Phoenix Mills Land.

1996 Opened doors for South Asia's largest 20 lane bowling concourse, the first of its kind in India.
2001 Introduced India 's first Hyper market concept ‘Big Bazaar' at High Street Phoenix.

The first multi-storied Phoenix residential towers were built on the Phoenix Mills Land.

One of its kind Pantaloon and Lifestyle, two large departmental stores, each covering approximately 50,000 sq ft of retail shopping were operational.

High Street Phoenix had 400,000 sq ft of retail with the introduction of Skyzone, and other retail stores.


The Phoenix Mills Ltd celebrated its 100 years anniversary.

The company announced its new project at High Street Phoenix, a five-star luxury hotel with a first-of-its-kind sky lobby in India, a seven-screen multiplex with 2000-plus seating area, a 45,000 sq ft auto mall, a 60,000 sq ft lifestyle club house with a spa and fitness centre, a 4 lakh sq ft luxury mall, called Palladium, and a one million sq ft car park area equipped for 3000 vehicles.
The company successfully raised Rs 13,000 million through Qualified Institutional Placements (Q.I.P.) and a Preferential Issue and further announced the development of Market Cities in Mumbai, Pune, Bangalore and Chennai.
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