Karan Virwani, MD and CEO at WeWork India Management said, “Firstly, there is a premiumisation within office space itself that is being driven by the fact that the employee in India today is no longer just back office. We are building for the world, building for full global tech products to Indian products. And while IT service has been impacted, you will see GCCs has grown 20%.”
The company currently operates around 1.14 lakh desks and plans to add approximately 20,000 desks annually, signalling a strong expansion trajectory.WeWork India operates across multiple segments, offering everything from daily desk rentals to fully plug-and-play offices and large-scale managed offices.
While the company competes with other operators in certain parts of the business, its primary competition comes from traditional real estate players deciding between flexible workspace models and long-term leases.
Read Here | WeWork India IPO — Should you subscribe to this ₹3,000 crore OFSWeWork India Management’s initial public offering (IPO) opened for subscription today (October 3) and will remain open until Tuesday, October 7, 2025.
The ₹3,000-crore issue is a full offer for sale (OFS) of 4.63 crore equity shares, with no fresh equity being issued. This indicates that the company will not raise new capital from the listing, as existing shareholders are selling a portion of their holdings.
The company’s growth is underpinned by robust operational cash flows and a solid financial position. “The business now is in a place where the business is generating healthy operating cash flow. We are in a path where we can sustain our growth plans and have all the requirement for our capex needs,” said Virwani.
New centers are achieving break-even occupancy within four to six months, and capex recovery is expected in just 3–3.5 years, delivering a 30–35% return on investment.
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(Edited by : Unnikrishnan)
