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    WeWork India appoints Janak Malkani to drive expansion in managed office business

    Synopsis

    WeWork India has appointed Janak Malkani as the head of managed office and sales for the West region. Malkani's extensive real estate experience will enhance WeWork India's managed office offerings, with a focus on innovative and efficient workspace solutions. WeWork India's flexible workspace market has seen significant growth, with a third of its business driven by the Managed Office portfolio, serving notable enterprise members.

    Janak Malkani
    Janak Malkani
    WeWork India, one of the flexible workspace providers in the country, has appointed Janak Malkani as the head of managed office for India.

    Additionally, he will also lead sales for the West region. This appointment marks another step towards strengthening the company's leadership and propelling its growth journey

    His deep understanding of the market, coupled with his strategic vision and extensive experience, will be instrumental in driving WeWork India's Managed Office offerings to newer heights.

    Malkani brings an 18-year track record in the Indian real estate, most recently as executive director of CBRE's Advisory & Transaction Services in Mumbai. His prior experience includes senior roles with Cushman & Wakefield, Knight Frank, and Indiaproperties.com amongst other key companies. He has played a key role in shaping the India expansion plans of international retailers like Walmart and DeBeers.

    “As we work towards building a full-stack solution platform at WeWork India, our Managed Office vertical is gaining momentum and it offers businesses a comprehensive approach to office space management. With Janak's extensive experience and proven track record, we are poised to lead the industry in delivering innovative and efficient workspace solutions. We are excited to see his role in driving growth in our Managed Office business, which will drive the next phase of the future of work,” said Karan Virwani, CEO, WeWork India.


    The flexible workspace market has grown by approximately 20% year-over-year over the last three years, with 60% of this growth driven by large enterprises and traditional businesses. This rise is due to businesses and large enterprises increasingly seeking all-round office space management, which would allow them to focus on their core product.

    Currently, over one-third of WeWork India's business is driven by the Managed Office portfolio, encompassing over 2 million square feet and serving enterprise members such as AstraZeneca and Kantar, among others. Janak’s appointment comes at a time when WeWork India reinforces its commitment towards enabling end-to-end flexible workspace solutions to businesses of all sizes.

    "WeWork India's innovative and comprehensive workspace solutions are unparalleled in the market, with immense demand coming in for their Managed Office offering across markets. I am eager to lead the efforts in setting new standards for the industry and make WeWork India the leader in the Managed Office offerings segment in the country. Together, we will create dynamic work environments that not only meet but exceed the evolving needs of businesses across India.” said Janak Malkani, Head of Managed Office, WeWork India.


    WeWork India recently entered Chennai and opened its 55th building. Since entering the Indian market in 2017, WeWork India has been spearheading the concept of flexible workspaces and driving the future of work with over 8 million sq. ft of assets signed across 55 locations in Chennai, New Delhi, Gurugram, Noida, Mumbai, Bengaluru, Pune, and Hyderabad.

    WeWork India has been profitable since 2021 and caters to businesses of all sizes with a range of solutions such as Managed Offices, WeWork On-demand, Virtual Office, Workplace, and Zoapi among others.


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