NSEGeneral Updates6d ago · 26 Oct 2026, 09:32 pm
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WeWork India Management Limited · WEWORK
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WeWork India Management Limited has informed the Exchange about Shareholders' Letter for H1 & Q2 FY27.
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Governance Concern2/10
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WeWork India Management Limited has informed the Exchange about Shareholders' Letter for H1 & Q2 FY27
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WEWORK_26102026213155_WeWork_-_Shareholders_Letter.pdf
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WEWORK INDIA MANAGEMENT LIMITED
(Formerly known as WeWork India Management Private Limited)
Regd. Office: 6th Floor, Prestige Central, 36 Infantry Road
Shivaji Nagar, Bengaluru, Karnataka, 560001
Email: cswwi@wework.co.in; Website: https://wework.co.in/
Telephone no.: 080-37880881
CIN: L74999KA2016PLC093227
October 26, 2026
Listing Department Listing Department
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, Bandra Kurla Complex, Phiroze Jeejeebhoy Towers, Dalal Street,
Bandra (East), Mumbai – 400 051 Fort, Mumbai – 400 001
Symbol: WEWORK Scrip Code: 544570
Dear Sir/Madam,
Subject: Shareholders’ Letter – H1 & Q2 FY27
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015, please find enclosed herewith the Shareholders’ Letter of the Company for the period ended
September 30, 2026.
The aforesaid Shareholders’ Letter is also being made available on the website of the Company at
https://wework.co.in/investors-relations/shareholders-information/#analysts.
This is for your information and records.
Yours faithfully,
For WeWork India Management Limited
Udayan Shukla
Company Secretary & Compliance Officer
Membership No.: F11744
Encl.: As above
Q2 FY27 · SHAREHOLDER LETTER IMPORTANT
IDMPORTAiNT sclaimer.
You must read the following before continuing. By reading this document, you agree to be bound by the following limitations and
restrictions.
This document has been prepared by and on behalf of WeWork India Management Limited (the “Company”). This Letter has been
issued by the Company for general information purposes only, without regard to any specific objectives, financial situations, or
information needs of any particular person. This Letter does not constitute, and should not be construed as, any
recommendation, offer, invitation, or inducement to sell or issue, or any solicitation of an offer to purchase or subscribe to any
securities of the Company in any jurisdiction. Nothing in this Letter should form the basis of, or be relied upon in connection
with, any contract or commitment whatsoever. Further, nothing in this document should be construed as legal, business, tax, or
financial advice.
This Letter includes forward-looking statements. All statements other than statements of historical facts included in this Letter,
including, without limitation, those regarding the Company’s financial position, business strategy, plans, prospects and objectives
of management for future operations (including development plans and objectives relating to the Company’s products and
services) are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and
other important factors that could cause the actual results, performance or achievements of the Company to be materially
different from results, performance or achievements expressed or implied by such forward-looking statements. Such
forward-looking statements are based on numerous assumptions regarding the Company’s present and future business strategies
and the environment in which the Company will operate, and must be read together with those assumptions. This could be due to
risks or uncertainties associated with expectations with respect to, but not limited to, regulatory changes in the industry in which
the Company operates and its ability to respond to them and the ability to successfully implement its strategy, growth and
expansion. These forward-looking statements speak only as of the date of this letter. Past performance is not necessarily
indicative of future performance. You are cautioned not to place undue reliance on these forward-looking statements, which are
based on the current views of the Company on future events.
This Letter may not be copied, reproduced, summarised or disseminated, in whole or in part, in any manner or for any purpose.
Failure to comply with this restriction may constitute a violation of applicable laws. None of the Company, its directors or
affiliates, nor any of its or their respective employees, advisers, or representatives, accepts any responsibility or liability
whatsoever, whether arising in tort, contract, or otherwise, for any errors, omissions, or inaccuracies in such information or
opinions, or for any loss howsoever arising, from any use of this Letter, or otherwise in connection with this Letter. The Company
makes no representation or warranty, express or implied, for the contents of this Letter, including its accuracy, fairness,
completeness, or reasonableness, or for any other statement made or purported to be made by any of them, or on behalf of
them. The Company undertakes no obligation to update any statement or information to either reflect events or circumstances
that occur after the date of the statement or information is made or to account for unanticipated events, unless it is required by
law.
The information in this Letter has not been independently verified and certain data contained in this Letter was obtained from
various external data sources. The information and opinions contained in this Letter noted above are subject to change without
notice. Certain figures contained in this Letter may have been rounded off for representation.
WEWORK INDIA MANAGEMENT LIMITED Q2 FY27
Q2 FY27 · SHAREHOLDER LETTER FROM THE CEO
A NOTE TO OUR SHAREHOLDERS
Built for how
India works.
Dear shareholders,
WeWork is the brand India’s companies Global companies are bringing their most
look for first when they choose where to important work here through capability
work. We pioneered this category in India centres, while domestic companies scale
and we lead it today, and that brand is alongside them, and both are competing
Karan Virwani
the foundation of everything we build. for the same world-class talent. Every one
Our vision is an ecosystem where people of those teams needs somewhere to work.
MANAGING DIRECTOR & CEO feel supported, energised and inspired
WEWORK INDIA We added 11.7k desks in the quarter,
to do their best work, and our mission is
completing the largest half-year of
to build spaces that don’t just enable
openings in our history, and that demand
work, they elevate it. That shapes every
shows in our numbers. Revenue grew
WeWork space: how we design it, how
32% YoY and 10% QoQ to ₹768.7 Cr. Our
we operate it, and how our members
platform is compounding beyond the
experience it. A company gets the same
desk: VAS grew 35% YoY and Digital
standard from day one, in any city. In
46% YoY, both faster than our core.
uncertain markets, businesses value that
EBITDA rose 38% YoY and 18% QoQ to
consistency, and it is why they choose
₹162.9 Cr, a 21.2% margin, and PAT grew
WeWork.
67% YoY and 24% QoQ to ₹65.8 Cr.
Six years ago the pandemic emptied
The bulk of this capex cycle is now live. As
every office in the country, and we came
these centres mature, our base becomes
through it stronger. Every disruption since
larger, stronger and more resilient, and the
has moved demand the same way. When
business is on track to unlock operating
companies cannot see their headcount
leverage and deliver superior, more
clearly, most now plan their growth on
profitable growth. Branded workspaces
flex, while campuses continue to anchor
are relevant, resilient and becoming the
their large, permanent requirements. Flex
way India’s companies grow, and this is the
is now mainstream, and WeWork branded
category we built and lead.
spaces have proved its most resilient
form. Thank you for your continued trust.
AI has widened the market further.
Best regards,
Knowledge, and the tools to put it to work,
Karan Virwani
are now within everyone’s reach, and India
is forming more businesses than ever.
WEWORK INDIA MANAGEMENT LIMITED Q2 FY27
Q2 FY27 · SHAREHOLDER LETTER AT A GLANCE
Q2 FY27 at a glance.
OPERATIONAL AREA · OPERATIONAL DESK PORTFOLIO OCCUPANCY TOTAL REVENUE
TOTAL AUM CAPACITY
9.8 13.0 145.3k 83.7% 768.7 Cr
MSF desks
121.7k
members
QoQ +7.6% | +8.7% QoQ +8.8% QoQ −114 bps
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