The Phoenix Mills Ltd Appoints Vithal Suryavanshi as CEO of Commercial Real Estate
The Phoenix Mills Limited (PML), a leading retail and commercial real estate developer in India, has announced the appointment of Vithal Suryavanshi as the new CEO of Commercial Real Estate. Effective July 7, 2025, Vithal will lead the company’s strategic expansion and revenue growth initiatives.
Commercial Real EstatePhoenix Mills LtdVithal SuryavanshiReal Estate DevelopmentMarket ExpansionReal EstateJul 12, 2025
With over three decades of experience in commercial leasing and strategic real estate development, Vithal brings a wealth of industry expertise and a proven track record of driving revenue growth, market expansion, and building long-term value. His appointment is seen as a crucial step in PML’s strategy to strengthen and expand its commercial portfolio across key markets.
Vithal joins PML at a pivotal moment, as the company is poised to sharpen its focus on enhancing and expanding its commercial real estate offerings. In his role as CEO – Commercial Real Estate at The Phoenix Mills Limited, he will be responsible for leading the company’s commercial business strategy, with a particular emphasis on:
- Revenue enhancement and asset optimization
- Strategic tenant engagement and market partnerships
- Operational excellence through process innovation
- Marketing initiatives to position and promote commercial assets
- Financial planning and performance forecasting
An alumnus of NMIMS (Executive MBA) and the University of Chicago’s Accelerated Development Program, Vithal has held senior leadership positions at notable companies such as Mayfair Housing, K. Raheja Corp, and Brookfield Properties. During his tenure, he has led several landmark commercial developments, business growth strategies, and real estate investments, contributing significantly to the success of these organizations.
As India’s commercial real estate market experiences unprecedented growth, PML is advancing its ambitious expansion into new metropolitan markets. Under Vithal’s leadership, the company aims to accelerate the development of its commercial portfolio and expand its footprint in emerging markets across the globe.
The Phoenix Mills Limited (PML) is a leading real estate developer in India, known for its innovative and sustainable projects. With a strong focus on commercial and retail spaces, PML has established a robust portfolio of properties across key cities in India. The company’s commitment to excellence and customer satisfaction has made it a trusted name in the industry, and the appointment of Vithal Suryavanshi is expected to further bolster its market position and drive future growth.
Frequently Asked Questions
What is the role of Vithal Suryavanshi at Phoenix Mills Ltd?
Vithal Suryavanshi has been appointed as the Chief Executive Officer – Commercial Real Estate at Phoenix Mills Ltd. He will lead the company’s commercial business strategy, focusing on revenue enhancement, strategic tenant engagement, operational excellence, marketing initiatives, and financial planning.
What is Phoenix Mills Ltd's focus in the commercial real estate sector?
Phoenix Mills Ltd is focused on strengthening and expanding its commercial real estate portfolio across key markets in India. The company aims to enhance its revenue and asset optimization, engage in strategic market partnerships, and promote operational excellence.
What is Vithal Suryavanshi's background?
Vithal Suryavanshi has over three decades of experience in commercial leasing and strategic real estate development. He is an alumnus of NMIMS (Executive MBA) and the University of Chicago’s Accelerated Development Program and has held senior leadership positions at Mayfair Housing, K. Raheja Corp, and Brookfield Properties.
What are the key markets where Phoenix Mills Ltd is expanding its commercial real estate portfolio?
Phoenix Mills Ltd is expanding its commercial real estate portfolio into new metropolitan markets in India and emerging markets across the globe. The company is leveraging Vithal Suryavanshi’s expertise to drive this ambitious expansion.
What is the significance of Vithal Suryavanshi's appointment for Phoenix Mills Ltd?
Vithal Suryavanshi's appointment is significant as it marks a pivotal moment in Phoenix Mills Ltd’s strategy to strengthen and expand its commercial real estate portfolio. His deep industry expertise and proven track record are expected to drive revenue growth, market expansion, and long-term value for the company.
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