The Phoenix Mills Limited (PML) has announced the elevation of Shishir Shrivastava to Non-Executive Vice Chairman, effective October 1, 2025, until September 30, 2027. Shrivastava has been with PML since 1999 and has played a key role in the company’s growth, including navigating the COVID-19 pandemic. The appointment is subject to shareholder approval.
Leadership Change at Phoenix Mills
Shishir Shrivastava is set to take on the role of Non-Executive Vice Chairman at The Phoenix Mills Limited (PML), marking a new chapter in his long tenure with the company. His elevation is effective from October 1, 2025, and he will serve in this capacity until September 30, 2027. This decision is pending shareholder approval.
Shrivastava’s Contributions
Having been with PML since 1999, Shrivastava has significantly contributed to the company’s evolution into a leading retail-led mixed-use developer. He started as a Project Manager and has since overseen critical projects, including High Street Phoenix and the Phoenix MarketCity portfolio.
Strategic Oversight
In his new role, Shrivastava will transition from day-to-day management to providing guidance and mentorship. He will contribute strategically to PML’s future growth, leveraging his experience in areas such as capital allocation and organizational resilience. He has also been involved in areas such as property management, business development, and investor relations.
Company’s Expansion
PML has an operational retail portfolio of over 11 msft of chargeable retail area across 8 major cities in India. The company is further developing approximately 7 msft of chargeable retail space across 5 new malls. It also includes Grade A offices with a completed office portfolio GLA of approximately 4.2 msft in Mumbai, Pune, and Bengaluru.
Source: BSE
