WEWORK INDIA MANAGEMENT L

WeWork India Management Limited was incorporated as 'Halosaur Bengaluru Private Limited' on May 13, 2016, as a Private Limited Company at Bengaluru, Karnataka. Subsequently, the name of the 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. Upon the conversion of Company into a Public Limited, the name was changed to 'WeWork India Management Limited', dated November 19, 2024, issued by the Registrar of Companies, Central Processing Centre. Company is a leading premium flexible workspace operator in India. The Company provide flexible, high quality workspaces to customers which include companies of all sizes: large enterprises, small and mid-size businesses, startups, as well as individuals. It lease primarily Grade A office space from leading developers across Tier 1 cities and design, build, and operate them as flexible workspaces to global standards. The Company amenitized and technologically integrated workspaces come with shared amenities including meeting rooms, event spaces, printing, mail and packaging, wellness rooms and recreational spaces. It provide complete facility management services, pantry services, security and housekeeping, making it convenient for businesses to work in a fully-serviced office environment equipped with high-speed internet. Beyond office space, it create a sense of community through modern design, collaborative environment, dedicated member experience teams, and curated activities that help businesses and their employees feel connected to their workplace. Company operate in India's key office markets - Bengaluru, Mumbai, Pune, Hyderabad, Gurugram, Noida, Delhi, and Chennai. The Company set up its first Centre in Bengaluru, Karnataka, thereafter, in Mumbai, Maharashtra in Bandra Kurla Complex and further in Gurgaon, Haryana in 2017. It entered the new markets in Pune in 2019 and in Hyderabad market in 2020. The Company launched facility management in Bengaluru in 2022. It opened the Delhi Centre in 2023 and has expanded the business to Chennai in 2024. The Company came up with the Initial Public Offer of 46,296,296 Equity Shares of face value Rs 10 each, by raising Rs 3000 Cr through Offer for Sale in October 2025. Customer A's phased growth strategy led to significant expansion at Pune, where they and their subsidiary now occupy 1,246 desks. In Mumbai, they and their subsidiary together maintain 420 desks at the Centres, and further utilize the workplace product for rostering and occupancy planning. Expanding further, in Hyderabad, they occupied 361 desks as at March 2025, and since June 2025, occupy 554 desks. In total, Customer A and their subsidiaries utilize 2,228 desks across the portfolio, underscoring their consistent growth and reliance on flexible workspace solutions.