With over 30 years of industry experience, Suryavanshi will lead strategy, operations, and expansion of PML’s commercial real estate portfolio across key markets
Mumbai, 7th July 2025: The Phoenix Mills Limited (PML), India’s leading developer of retail-led mixed-use destinations, has announced the appointment of Vithal Suryavanshi as Chief Executive Officer – Commercial Real Estate, effective July 7, 2025.
Bringing more than three decades of experience in commercial leasing, strategic development, and real estate investments, Suryavanshi joins PML at a crucial time as the company sharpens its focus on scaling its commercial footprint. His leadership is expected to play a vital role in driving revenue growth, optimizing assets, and positioning PML for long-term success in India’s rapidly expanding commercial real estate sector.
In his new role, Suryavanshi will oversee the company’s commercial business strategy with a sharp focus on:
Revenue enhancement and asset optimization
Strategic tenant engagement and market partnerships
Operational excellence through innovation
Targeted marketing to promote commercial assets
Financial planning and performance forecasting
An alumnus of NMIMS (Executive MBA) and the University of Chicago’s Accelerated Development Program, Suryavanshi has previously held senior roles at leading firms such as Mayfair Housing, K. Raheja Corp, and Brookfield Properties. His extensive leadership background includes driving landmark developments and formulating successful business growth strategies.
Commenting on the appointment, a spokesperson from PML said, “We are delighted to welcome Vithal Suryavanshi to the Phoenix Mills family. His strategic foresight and deep market experience will be instrumental as we build our commercial real estate portfolio and expand into high-potential markets across India and globally.”
As India’s commercial real estate market experiences rapid growth, PML is advancing its expansion across metro and emerging cities. With Suryavanshi at the helm, the company aims to accelerate development and optimize performance across its commercial vertical.
About The Phoenix Mills Limited (PML):PML (BSE: 503100 | NSE: PHOENIXLTD) is India’s foremost owner, operator, and developer of retail-led mixed-use destinations. The company’s portfolio includes over 11 million sq. ft. of operational retail space across 8 major cities, with an additional 7 million sq. ft. under development. PML also operates Grade A commercial offices, hotels, residential developments, and a growing food & beverage business. Its commercial office portfolio comprises over 2 million sq. ft. in operation and more than 5 million sq. ft. under development.
