WeWork India targets 20% revenue growth in FY26

Karan Virwani, Managing Director and Chief Executive Officer at WeWork India, a flexible workspace operator, said the company’s revenue base is “30–40% higher than anyone else in the industry,” driven by scale and demand. He expects growth momentum to continue. “We believe that the business at scale continues to grow and will grow above 20%, and you will see that ramp up happen over the course of the year,” he said.

The company reported its first true operating profit for the July–September 2025 quarter, posting a profit after tax (PAT) of ₹6.4 crore, excluding last year’s tax credit. The company’s revenue rose 17% year-on-year to ₹585 crore, its highest-ever quarterly revenue, according to Virwani.

“We’ve grown over 21% year-on-year in capacity,” Virwani said, adding that occupancy improved by nearly five percentage points to about 80–81% during the quarter. “Revenue has gone up to ₹585 crore… EBITDA has grown almost 45% quarter-on-quarter to about a 20% margin,” he noted. WeWork India also turned around its cash flow position, generating ₹6.4 crore of operating cash, compared to a negative ₹34 crore a year ago.

Also Read | GLS 2025: WeWork India CEO says GCC boom, startups driving strong demand for flexible workspaces

On margins, Virwani said the company’s EBITDA margin improved to 20%, up from 15% in the previous quarter, as occupancy and operating leverage strengthened. Mature centres are now running at 84–85% occupancy, while newer centres are breaking even faster. “Almost 80% of our incremental revenue from here will basically flow down to EBITDA and then finally to PAT,” he said.

Discussing strategy, Virwani outlined the company’s push to become an infrastructure and workspace-as-a-service partner for global capability centres (GCCs). “We are looking at productising the entire GCC-as-a-service platform,” he said.

WeWork India, headquartered in Bengaluru, has a current market capitalisation of ₹8,369.75 crore.

For the full interview, watch the accompanying video

Catch all the latest updates from the stock market hereRead about our editorial guidelines and ethics policy