Milestone underscores strength of the WeWork global brand and WeWork India’s position as the country’s leading flexible office space provider

WeWork Companies LLC (WeWork), the privately held parent company of its franchisee WeWork India Management Limited (“WeWork India”), applauds and fully supports the launch of their IPO and listing on the National Stock Exchange of India. The entities have enjoyed a long and positive partnership since WeWork India’s founding in 2017, during which time it has grown to become the top flexible office space provider in the country.

“WeWork India is shaping the future of work in India,” said John Santora, Chief Executive Officer of WeWork. “The listing marks an important moment for the country’s flexible workspace sector, underscoring both market confidence and growing demand for dynamic office solutions in the region. We have been a proud partner of WeWork India and have witnessed their rise as the clear leader in the space in which they operate.”

“Over the last eight years, our partnership with WeWork has remained a strong pillar of our growth and innovation journey in India. As a globally trusted brand with a strong international network, WeWork brings operational excellence that resonates with global enterprises as well as high-growth companies. Their continued support and alignment with our vision has enabled us to build a resilient, future-ready business​. This has allowed us to deliver​ premium, flexible workspace solutions tailored to evolving business needs, while consistently creating long-term value for our members and stakeholders. Our IPO marks a key milestone in this journey and underscores the strength of our partnership and the strategic alignment between both teams,” added Karan Virwani, Managing Director & CEO, WeWork India.

As corporate occupiers look to rebalance their real estate portfolios towards a higher mix of flexible office space globally, both entities have seen substantial operating momentum in 2025 and are well-positioned for continued growth.

Today, WeWork operates 45 million square feet of office space in 37 countries. In 2025, their global occupancy grew from 70% to 77%, surpassing 90% in many markets including Toronto, Silicon Valley, Houston, Nashville, Milan, Madrid, UAE, Kuala Lumpur, and Jakarta.

WeWork India operates 7.67 million square feet of office space in India, and has demonstrated strong growth, profitability, and resilience. With market-leading scale in prime locations across major Indian cities, a diversified client base including Fortune 500 companies, and a vision for community-driven workspaces, WeWork India is poised to benefit from the surging demand for agile office solutions among corporate occupiers.

WeWork India’s IPO is a milestone that reinforces WeWork’s position as the leading global brand for flexible office space, further evidenced by their sustained profitability, strengthened balance sheet, and renewed momentum across all markets. Following the listing, WeWork will remain a supportive partner and minority shareholder of WeWork India. WeWork itself will continue as a privately held company with no debt, substantial liquidity, and no plans for a public listing.

About WeWork:

WeWork is a leading global real estate platform, purpose-built to empower businesses of all sizes with flexible workplace solutions, hospitality-driven experiences, best-in-class services, and innovative technology. With a curated portfolio of over 600 thoughtfully designed locations, spanning 45M square feet worldwide, WeWork helps more than half a million members — from emerging startups to Fortune 100 companies – perform their best work, today and tomorrow.

To learn more, visit wework.com.

About WeWork India:

Launched in 2017, WeWork India is one of India's leading premium flexible workspace operators - GPTW certified (Nov 2024 – Nov 2025). WeWork India is the largest operator by total revenue for the past three fiscal years*. Since its inception, WeWork India has expanded across 8 cities in Chennai, New Delhi, Gurugram, Noida, Mumbai, Bengaluru, Pune, and Hyderabad, with 68 operational centres spanning 7.67 million square feet (as of June 2025). WeWork India has played a significant role in the growth of the flexible workspace sector and contributed to the evolution of its products and services, providing customised and curated solutions for various office space needs*. [*Source: CBRE]

View source version on businesswire.com: https://www.businesswire.com/news/home/20251014787630/en/

“WeWork India is shaping the future of work in India,” said John Santora, Chief Executive Officer of WeWork.