WeWork India Secures ₹475 Crore Managed Office Contract
Filing Summary
WeWork India Management Ltd has entered into a Membership Agreement for a Managed Office with TMUS India Private Limited. The contract involves providing dedicated workspace across five floors at Phoenix H10, Hyderabad, covering approximately 250,348 square feet and 1,507 workstations. The agreement spans 60 months, with a committed term of 42 months from TMUS India. The contract is valued at ₹475 Crore, excluding taxes. The workspace is expected to be operational by May 21, 2026. This development follows WeWork India’s previous capacity addition announcement in Hyderabad.
WeWork India Management Ltd has announced the receipt of a significant order under a Membership Agreement for a Managed Office with TMUS India Private Limited. This agreement was disclosed on March 19, 2026, as part of the company’s regulatory filing with the National Stock Exchange of India Limited and BSE Limited.
The contract involves the provision of dedicated workspace for TMUS India across five floors at Phoenix H10, Hyderabad. The total area covered by the agreement is approximately 250,348 square feet, comprising 1,507 workstations. The agreement has a total tenure of 60 months, with TMUS India committing to a term of 42 months.
The financial consideration for this contract is valued at ₹475 Crore, excluding applicable taxes. The workspace is scheduled to be completed and ready for operations by May 21, 2026. This contract is categorized as a domestic order and does not involve any related party transactions.
The agreement is part of WeWork India’s strategy to expand its presence in Hyderabad, following a previous announcement regarding capacity addition in the region. The workspace will be designed, developed, and managed by WeWork India on behalf of TMUS India.
TMUS India Private Limited is a domestic entity involved in various business operations. The company has engaged WeWork India to manage its office space requirements, reflecting its operational needs and strategic priorities in Hyderabad.
WeWork India Management Ltd is focused on providing flexible workspace solutions across India. The company continues to expand its footprint in key markets, aligning with its business priorities to cater to the evolving needs of enterprises and professionals seeking managed office spaces.