Spencer Plaza

The Promoters of MTEl bought Mangal Tirth Estate Ltd. (MTEL), a shell business, mainly to develop Spencer Plaza, a prominent shopping and office mall. The company's primary investors and promoters are a group of non-resident Indians (NRIs) with a variety of commercial interests around the globe, namely in Nigeria, Singapore, London, and Indonesia. They have also established a strong track record in the construction of Spencer Plaza. The property is located in the epicenter of the Central Business District on Anna Salai the main Arterial road of Chennai. 

Spencer Plaza has been a popular heritage mall with a history of nearly 190 years, from the British Era. It houses numerous shops owned by several people and higher floors are occupied by corporate companies.