WeWork India is gearing up to unveil a dedicated workspace solution for Global Capability Centres (GCCs) in the coming weeks, as demand from global enterprises and mid-sized firms expanding in India continues to accelerate.
In an interaction with Moneycontrol, Karan Virwani, MD & CEO of WeWork India, revealed that the company will soon announce formal launch plans for this GCC-focused offering.
“There’s a huge demand coming from all parts of the world,” Virwani said. “Earlier it used to be only very large businesses — today, mid-sized and even small global firms are hiring in India.”
GCCs Now Account for a Major Share of WeWork India’s Portfolio
Virwani noted that GCCs contribute nearly 35% of WeWork India’s total business, reflecting the segment’s rapid growth and transformation.
To cater to this evolving demand, WeWork India plans to “productise” its infrastructure-as-a-service model for GCCs — offering a structured approach across three stages:
- Entry Phase – For new GCCs setting up operations
- Scaling Phase – For growing teams and expanded operations
- Maturity Phase – For established centers optimizing space and efficiency
Demand Remains Strong Despite Global Tech Slowdown
Contrary to global trends, WeWork India continues to see robust expansion from both GCCs and large enterprises.
“We are not seeing any slowdown — in fact, some acceleration,” said Virwani. “As uncertainty rises, many firms are shifting from long-term traditional leases to flexible workspaces like ours.”
Even startups are returning to flexible spaces as venture capital activity rebounds, signaling renewed optimism in the Indian innovation ecosystem.
WeWork India Reports Record Profitability
WeWork India achieved its strongest quarter to date in Q2 FY26, reporting:
- Revenue: ₹585 crore, up 17% year-on-year
- EBITDA: ₹118 crore, up 45% quarter-on-quarter
- Profit: ₹6.5 crore (compared to a ₹34 crore loss a year earlier)
- EBITDA Margin: 20%
The company’s occupancy reached 80%, with 92,000 active members across 7.7 million sq. ft. of space in 70 centres across eight cities. Mature buildings operated at 84% occupancy, and newly added spaces reached operational breakeven at 51%.
Virwani attributed this success to efficiency and scale, noting that rental costs grew by only 1.8% over the past year, while operating costs dropped by 5% on a per-square-foot basis.
Expanding Footprint and Digital Integration
Bengaluru remains WeWork India’s largest market, followed by Chennai, Hyderabad, and NCR, which are witnessing rapid expansion. Several new managed office spaces in Chennai and Hyderabad are expected to go live by the end of the year.
Additionally, the company launched the WeWork India App, integrating its services into a digital ecosystem with:
- 21,000+ downloads
- Tens of thousands of transactions
- 4.9-star rating on the App Store
Virwani said the app helps members discover spaces, manage access, and stay flexible across locations, creating a seamless hybrid experience.
The Bigger Picture
WeWork India’s upcoming GCC-focused workspace solution underscores how India’s flexible workspace market is evolving to serve global enterprises seeking agility, scalability, and cost efficiency.
As GCCs continue to expand, accounting for a growing share of India’s corporate real estate demand, WeWork aims to position itself as a strategic partner helping these centers evolve from delivery hubs to innovation-driven ecosystems.
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