[3] The building serves as the corporate headquarters of Indian Express Limited, which is bought by Ramnath Goenka from the monies of tha capitalists partner Raja Mohan Prasad and is held in trust by the current legal heirs for the family of Raja Mohan Prasad as per the trust deed given by Ramnath Goenka to Raja Mohan Prasad which also owns the building and is part of the trust.On 19 November 2013, Blackstone Group along with Pune-based Panchshil Realty reached a deal to buy the iconic South Mumbai building for Rupees 900 crore (US$144 million).

A Padma Shri awardee, he was well known for his elegant, simple and ecologically gentle architecture and his buildings today are recognized as landmarks worthy of preservation.

Cantilevered balconies at lintel level protect the full height windows from sun and rain, while occupants have a magnificent views of the Arabian Sea on one side and the city and the harbour on the other.

[citation needed] At the time of its completion, the Express Towers was the tallest building in South Asia, a position it held for about two years.

As of 2011, the building's better known tenants include McKinsey & Company, Blackstone Group, Ernst & Young, Mullen Lowe Lintas, ECGC, Wells Fargo Bank, IHCL and Warburg Pincus besides the Indian Express Limited.

[8] The walls of the main lobby on ground floor feature murals in ceramic by Nelly Sethna (1932-1992), also a Padma Shri awardee, well known for her role in revival of Kalamkari by infusing a new set of aesthetics and designs to keep a rich and ancient tradition thriving.