Wework India Management Ltd IPO

About Wework India Management Ltd

Our Company was incorporated as Halosaur Bengaluru Private Limited on May 13, 2016, as a private limited company under the Companies Act 2013, at Bengaluru, Karnataka pursuant to a certificate of incorporation issued by the Central Registration Centre (CRC). Subsequently, pursuant to a resolution passed by our Board dated November 29, 2016, and a special resolution passed by our Shareholders dated December 10, 2016, the name of our Company was changed to WeWork India Management Private Limited, and a fresh certificate of incorporation dated December 23, 2016, was issued by the Registrar of Companies, Karnataka at Bengaluru (RoC). Upon the conversion of our Company into a public limited company, pursuant to a resolution passed by our Board on September 27, 2024, and a special resolution passed by our Shareholders on October 18, 2024, the name of our Company was changed to WeWork India Management Limited, and a fresh certificate of incorporation dated November 19, 2024, was issued by the Registrar of Companies, Central Processing Centre.

We operate in India, which, according to the CBRE Report, is one of the fastest-growing economies and the fourth-largest economy in the world, as of June 2025. According to the CBRE Report, flexible workspaces are becoming an integral part of the commercial office market, with total flexible workspace stock ranging between 82-86 million sqft by end 2024 forecasted to grow to approximately 140-144 million sqft across Tier 1 cities by end 2027 at a CAGR of approximately 18-20%, with an increasing focus by end users on flexibility, capital efficiency, cost optimization, hybrid / distributed working, employee well-being, and a focus on core business activity, amongst other things.

Launched in 2017, we are, according to the CBRE Report, a leading premium flexible workspace operator in India, and have been the largest operator by total revenue in the past three Fiscals. We provide flexible, highquality workspaces to our customers which include companies of all sizes: large enterprises; small and mid-size businesses; startups; individuals. We lease primarily Grade A office space and, according to the CBRE Report, we design, build, and operate them as flexible workspaces per global standards(1). According to the CBRE Report, approximately 94% (7.07 million sqft) of our portfolio was in Grade A developments (June 30, 2025).

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