WeWork

The petition alleged that WeWork India reported heavy losses and a negative net worth while presenting an overly optimistic growth outlook without adequately disclosing associated risks

Just days later, on 13 November 2025, WeWork executed a General Service Agreement (sub-lease) with JP Morgan Services India Pvt Ltd, handing over the entire 1.76 lakh sq ft area.

Realty firm WeWork India Management Ltd on Monday reported a sharp plunge in consolidated net profit to Rs 6.4 crore in the latest quarter ended September, on a higher base effect. Its net profit stood at Rs 203.74 crore in the year-ago period, driven by a deferred tax credit. Total income, however, rose to Rs 585.54 crore during the July-September period of this fiscal, from Rs 499.47 crore in the corresponding period of the preceding year, according to a regulatory filing. Launched in 2017, WeWork India, which provides flexible workspaces to corporates, has presence in eight major cities with 70 operational centres spanning 7.8 million square feet. WeWork India said its portfolio would expand in the second half of this fiscal with about 11,000 desks under fitout, a further 3,000 desks awaiting landlord handover, and 15,000 desks under LOI. This will help in increasing the portfolio to 10 million sq ft. "Our Q2 results signify a defining moment in WeWork India's journey. With rec

The governance advisory firm says WeWork India's ₹3,000-crore IPO marks a key milestone, strengthening transparency and investor confidence

The company used proceeds from the WeWork India offer for sale to repay NCDs, slashing leverage and cutting its share pledge to just 15 per cent.

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The initial public offer of co-working space operator WeWork India Management Ltd sailed through on the last day of the share sale on Tuesday, getting 1.15 times subscription, led by institutional buyers. The Rs 3,000-crore IPO received bids for 2,92,68,328 shares against 2,54,89,748 shares on offer, according to NSE data. Qualified Institutional Buyers' (QIBs) category fetched 1.79 times subscription, while the quota for Retail Individual Investors (RIIs) received 61 per cent subscription. The portion for non-institutional investors got 23 per cent subscription. WeWork India has collected a little over Rs 1,348 crore from anchor investors. The company's issue has a price band of Rs 615-648 per share, valuing the company at around Rs 8,685 crore at the upper end. The initial public offer (IPO), entirely an offer for sale of up to 4.63 crore equity shares, saw promoter group entity Embassy Buildcon LLP and investor 1 Ariel Way Tenant Ltd (part of WeWork Global) divest their ...

WeWork India IPO is available at a price band of ₹615 to ₹648 per share, with a lot size of 23 shares

WeWork India plans 20% revenue growth, capacity expansion and debt reduction as it launches a Rs 3,000 crore IPO, valued at Rs 9,000 crore at the top of the price band

Co-working major WeWork India is gearing up to launch its initial public offering (IPO) on October 3, with people aware of the matter pegging the issue size to nearly Rs 3,000 crore. The issue will close on October 7, with bidding for anchor investors opening for a day on October 1, as per the red herring prospectus (RHP). As per the draft papers, the proposed IPO is entirely an Offer for Sale (OFS) of up to 4.63 crore equity shares. Promoter group firm Embassy Buildcon LLP and investor 1 Ariel Way Tenant Ltd (part of WeWork Global) will offload shares. Since the issue is an OFS, WeWork India itself will not receive any proceeds from the listing. Currently, Embassy Group holds about 76.21 per cent in WeWork India, while WeWork Global owns 23.45 per cent. Established in 2017, WeWork India operates under an exclusive license of the 'WeWork' brand in India and is promoted by the Bengaluru-based real estate major Embassy Group. In its draft papers, WeWork India stated that the object

WeWork India's IPO comprises an OFS by Embassy Buildcon and 1 Ariel Way Tenant Ltd with no proceeds to the company and includes 94,440 desks across 59 centres

Co-working major WeWork India, which plans to launch an initial public offering (IPO), has posted a profit of Rs 174.13 crore in the first six months of this fiscal amid rising demand for premium flexible workspace. Total income stood at Rs 960.76 crore during the April-September period of the current 2024-25 financial year, according to the company's Draft Red Herring Prospectus (DRHP) filed with Sebi last week. The comparative figures are not available. In the full 2023-24 fiscal, WeWork India posted a net loss of Rs 135.83 crore over a total income of Rs 1,737.16 crore. Net debt of WeWork India Management Ltd, which filed preliminary papers with Sebi last week to float an IPO, stood at Rs 316.95 crore as on January 15, 2024, the DRHP said. Established in 2017, WeWork India is promoted by Bengaluru-based real estate company Embassy Group. It has the exclusive licensee of the 'WeWork' brand in India. In WeWork India, Embassy Group has around 76.21 per cent stake while WeWork Glo

Coworking major WeWork India on Monday said it has raised Rs 500 crore through rights issue mainly to reduce debt and achieve further growth. In WeWork India, which is unlisted, realty firm Embassy Group holds a 73 per cent stake, while WeWork Global has a 27 per cent shareholding. WeWork Global, which is a leading provider of flexible workspace, had in June 2021 invested USD 100 million in WeWork India. In a statement, Bengaluru-based WeWork India said it has "successfully raised Rs 500 crore via a rights issue." Embassy Group and WeWork Global have invested Rs 500 crore. The funds will be utilised for the repayment of the debt, strengthening the company's pathway to being debt-free, and reducing the cost of capital, it added. Commenting on the fundraise, Karan Virwani, Managing Director & CEO of WeWork India, said, "Over the past eight years, we have been focused on long-term, sustainable growth. With the recent successful completion of our rights issue, we are on the path to

With over 20 operational buildings in Bengaluru, the new addition is in Embassy Manyata Business Park

Co-working major WeWork India on Monday announced the appointment of Jitendra Mohandas Virwani as Non-Executive Chairman of the company while Karan Virwani will now be Managing Director and CEO. In WeWork India, realty firm Embassy Group holds a 73 per cent stake, while WeWork Global has a 27 per cent shareholding. WeWork Global, which is a leading provider of flexible workspace, had in June 2021 invested USD 100 million in WeWork India. In a statement, the Bengaluru-based company said it has made key changes to its board of directors. "Jitendra Mohandas Virwani, Chairman and Managing Director of Embassy Group, steps into the role of Non-Executive Chairman, lending his industry insight to further strengthen WeWork India's growth strategy," it said. Karan Virwani has now taken on the expanded role of Managing Director & CEO. Mahua Acharya and Anupa Rajiv Sahney have joined as Independent Directors. Mahua, who has experience in electric mobility and climate finance, most recently

The sale, which involved WeWork Inc, affected by bankruptcy, and its local partner Embassy Group, was set to include a 13 per cent stake sale by Embassy Group in WeWork India

Deal value not revealed; regulator expected to release detailed order is likely later

Flexible workspace solutions provider WeWork India made its foray into the Chennai office space market with the launch of 'Olympia Cyberspace' facility in the city. Equipped with over 2,000 desks spread across 1.30 lakh sq ft land in Guindy, the company has expanded its presence in Chennai after New Delhi, Gurugram, Noida, Mumbai, Bengaluru, Pune and Hyderabad. Chennai has emerged as a thriving business landscape across entrepreneurs, enterprises as well as Global Capability centres. There is a strong demand being witnessed from various industries including manufacturing, information technology, Information Technology enabled Services among others. With the opening of Olympia Cyberspace, WeWork India aims to provide innovative and collaborative work environment to meet the rising demand for flexible workspace solutions. "WeWork Olympia Cyberspace marks a pivotal moment in our expansion across South India. This strategic entry underscores the immense potential of Chennai's talent po

WeWork would be majority owned by Yardi, a provider of software for commercial and residential property owners, according to lawyers and a company statement issued after Monday's hearing

Adam Neumann had submitted a bid of more than $500 million to buy back WeWork, Reuters reported last month citing a person familiar with the matter