Tag: WeWork India

CommercialLatest Stories

WeWork India to Add 7,700 Desks in Hyderabad, Pune, Bengaluru

NEW DELHI: WeWork India Management has announced plans to expand into Hyderabad, Pune, and Bengaluru, adding approximately 7,700 desks as part of its growth strategy. According to a regulatory filing, the company has signed a sub-lease agreement for 145,114 sq ft in Hyderabad, which will add roughly 2,100 desks. This center is expected to become operational by July 2026, with an estimated investment of ₹32 crore, funded through internal accruals and debt. Additionally, WeWork has entered into a leave-and-license agreement for 162,665 sq ft in Pune, projected to introduce around 2,500 desks by August 2026, involving an investment of about…

CommercialLatest Stories

WeWork India Signs 90,000 sq ft Lease in Gurugram

NEW DELHI: WeWork India has heightened its presence in the National Capital Region (NCR) by inaugurating a new center at Atrium Place in Udyog Vihar, Gurugram, thereby adding approximately 90,000 sq ft to its portfolio. The facility spans two floors and accommodates over 1,200 desks, marking the company’s 15th center in the NCR. This new center was launched in collaboration with DLF, with advisory support provided by CBRE. Arnav S. Gusain, Chief of Supply, stated that the company has introduced more than 3,000 desks in the NCR over the last two years, witnessing a 50% rise in enterprise desks within…

CommercialLatest Stories

India’s Flexible Office Space Market Set for Major Growth

NEW DELHI: Publicly listed flexible office space operators are poised to account for nearly half of India’s flexible office market, projected to reach 100 million sq ft by year-end. Currently, four operators have gone public, with at least three more IPOs anticipated in this sector. According to the investors’ presentation from Smartworks, Awfis, WeWork, and Indiqube—all listed companies—these firms collectively manage over 30 million sq ft of operational space. Smartworks, boasting 9.2 million sq ft of operational area as of December 2025, is expected to be the first flexible workspace provider to exceed 10 million sq ft by March 2026,…

CommercialLatest Stories

Turner International Leases 46,000 Sq Ft at WeWork Navi Mumbai

NEW DELHI: Turner International India has secured 46,000 sq ft of managed office space at WeWork Gigaplex Airoli, Navi Mumbai, from WeWork India Management. The center is set to accommodate over 650 professionals. Santosh Martin, Chief Revenue Officer, commented, “The evolution from a 16-seat setup in 2022 to over 650 seats today highlights the increasing demand for customized, scalable workspace solutions that blend efficiency with identity.” “In just two years, we’ve expanded our managed office business to 26,000 desks across 1.7 million sq ft, now representing 21% of total revenue, with an annual run rate exceeding ₹530 crore and a…

CommercialLatest Stories

WeWork India Adds 3,300 Desks in Hyderabad with ₹100 Cr Investment

NEW DELHI: WeWork India Management has signed a lease agreement to enhance its footprint in Hyderabad, adding a total of 250,348 sq ft. This planned expansion aims to introduce approximately 3,300 desks, with operations anticipated to begin by June 2026. The initiative involves an estimated investment of ₹100 crore, which will be sourced from a mix of debt and internal funds, according to the company. The company currently runs 121,638 desks with an impressive overall utilization rate of 83.9%, highlighting robust occupancy levels in its portfolio. The firm reported a revenue of ₹640.3 crore for Q3 FY26, reflecting a 27%…

CommercialLatest Stories

WeWork India Reports ₹16.78 Crore Profit in Q3 FY26

NEW DELHI: WeWork India Management announced a net consolidated profit after tax of ₹16.78 crore for the quarter ending December 31, 2025. This marks a significant recovery from a loss of ₹83.11 crore during the same quarter last year, according to a filing with BSE. The company’s net consolidated total income reached ₹643.81 crore in Q3 FY26, reflecting a robust growth of 26.64% compared to ₹508.37 crore reported in the corresponding quarter last year. The company’s primary business, workspace as a service, accounted for 83.4% of its revenue, while managed offices contributed 21%, value-added services made up 13.5%, and digital…

Latest StoriesRegulatory

Bombay HC Dismisses WeWork India IPO Challenge, Imposes ₹1 Lakh Fee

MUMBAI: The Bombay High Court has dismissed two writ petitions filed by Vinay Bansal and Hemant Kulshrestha that aimed to prevent WeWork India’s initial public offering (IPO), effectively ending their last-minute legal challenge. A Division Bench consisting of Justice RI Chagla and Justice Farhan Parvez Dubash rejected the petitions and imposed a cost of Rs 1 lakh on Vinay Bansal, instructing him to deposit the amount with the Maharashtra State Legal Services Authority within two weeks. The court reserved its decision on October 8 after the arguments were concluded and delivered the ruling orally today. A detailed written judgment is…

CommercialLatest Stories

WeWork India Q2 FY26 Profit Drops to ₹6.4 Crore

NEW DELHI: WeWork India Management Ltd has reported a significant decrease in consolidated net profit to Rs 6.4 crore for the quarter ending in September, mainly due to a high base effect. In the same quarter last year, net profit was Rs 203.74 crore, boosted by a deferred tax credit. Total income climbed to Rs 585.54 crore for the July-September period this fiscal, up from Rs 499.47 crore during the same timeframe last year, as per a regulatory filing. Since its inception in 2017, WeWork India has provided flexible workspace solutions to corporations and operates in eight major cities with…

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Embassy Group pays off ₹1,748 crore debt

NEW DELHI: Embassy Group has successfully repaid ₹1,748 crore in non-convertible debentures (NCDs), using funds from the WeWork India IPO offer for sale to lower its group-level debt. Jitendra Virwani, the company’s chairman, stated, “This debt repayment not only strengthens our financial stability but also highlights our ongoing commitment to a solid and sustainable financial framework.” This move has also reduced the group’s stake in WeWork India to 15%. Over the years, it has fully settled its ₹1,600 crore debt with Samaan Capital. Published On Oct 15, 2025 at 03:33 PM IST Join a community of over 2M industry professionals.…

CommercialLatest Stories

WeWork India Struggles on Trading Debut Amid Valuation Woes

BENGALURU: WeWork India Management shares made their trading debut on Friday, closing down 3% and valuing the co-working space provider at approximately 84.25 billion rupees (around $950 million). Investors expressed concerns regarding high valuations and governance issues. The shares opened just above the IPO offer price of 648 rupees before dipping as much as 5.2% to 614.25 rupees. The company, which licenses its brand from the now-bankrupt WeWork Global, raised approximately $338.16 million in its IPO, which was subscribed 1.15 times, largely driven by institutional interest. “Investors are uncomfortable with the valuation, and WeWork is feeling the pressure,” commented Aishvarya…