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WeWork India Management Limited, launched in 2017 and operating as the exclusive licensee of the WeWork Brand in India, is recognized as the leading premium flexible workspace provider in the country, consistently ranking as the largest operator by total revenue over the past three fiscals. The Company has been a key driver in the evolution and growth of the flexible workspace sector, offering high-quality, and adaptable offices to a diverse clientele including large enterprises, SMEs, and startups.
With a portfolio largely comprising Grade A office space, the Company provides a comprehensive suite of flexible solutions, supported by amenities and technologically integrated workspaces. As of June 30, 2025, the Company managed 114,077 desks across 68 Operational Centres. Financial performance shows momentum with Revenue from Operations growing 17.06% in Fiscal 2025. Backed by the prominent Embassy Group, the Company benefits from strategic real estate ties and a strong brand presence across key Indian Tier 1 cities.
For the year/period ended (Rs. in Cr.)
| FY25 | FY24 | FY23 | |
|---|---|---|---|
| Total Revenue | 2024.00 | 1737.16 | 1422.77 |
| Profit After Tax | 128.19 | (135.77) | (146.81) |
| EPS | 9.93 | (10.73) | (11.52) |
| EBITDA Margin (%) | 63.41 | 62.69 | 60.52 |
| PAT Margin (%) | 6.33 | (7.82) | (10.32) |
For year/ period ended ( in Cr.)
| Company Name | Market Cap (Cr.) | Price | P/BV | P/E | Sales (Cr.) FY25 |
Net Profits(Cr.) FY25 |
|---|---|---|---|---|---|---|
| WeWork India Management Limited | 8684.71* | 648 | 41.62 | 67.75 | 2024.00 | 128.19 |
| Awfis Space Solutions Limited | 4101 | 573 | 8.86 | 82.1 | 1208 | 68 |
| Smartworks Coworking Spaces Limited | 6456 | 566 | – | – | 1374 | (63) |
| IndiQube Spaces Ltd | 4809 | 229 | – | – | 1059 | (140) |
*Market cap @upper band
The Company, WEWORK INDIA MANAGEMENT LIMITED, will not receive any proceeds from the Offer. All Offer Proceeds shall be received by the Selling Shareholder subsequent to the deduction of Offer-related expenses and applicable taxes, which shall be the responsibility of the Selling Shareholders.
At the upper band of IPO ₹ 648, the stock is valued at 67.75 P/E multiple. Hence, well-informed investors subscribe for medium to long term perspective.
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