WeWork India appoints Janak Malkani as Head of Managed Office to drive expansion. With 18 years of real estate experience, Malkani will lead sales in the West region. WeWork India’s Managed Office portfolio, covering over 2 million square feet, is key to meeting the growing demand for flexible workspace solutions.
WeWork India, a prominent flexible workspace provider, has appointed Janak Malkani as the Head of Managed Office for India. Malkani brings extensive experience in Indian real estate to drive WeWork’s growth.
Janak Malkani, now leading WeWork India’s Managed Office division, also handles sales for the West region. With 18 years of experience in the Indian real estate sector, Malkani’s career includes notable positions such as Executive Director at CBRE’s Advisory & Transaction Services in Mumbai and roles at Cushman & Wakefield, Knight Frank, and Indiaproperties.com. He has been pivotal in India’s expansion plans for international retailers like Walmart and DeBeers.
Karan Virwani, CEO of WeWork India, expressed his enthusiasm for Malkani’s appointment, stating, “We are thrilled to welcome Janak to our team. As we work towards building a full-stack solution platform at WeWork India, our Managed Office vertical is gaining momentum. With Janak’s extensive experience and proven track record, we are poised to lead the industry in delivering innovative and efficient workspace solutions.”
The flexible workspace market in India has seen significant growth, expanding by approximately 20% year-over-year over the last three years. This growth has been primarily driven by large enterprises and traditional businesses, which account for 60% of the expansion. Companies are increasingly looking for comprehensive office space management solutions, allowing them to focus on their core products.
WeWork India’s Managed Office portfolio currently comprises over one-third of its business, encompassing more than 2 million square feet and serving enterprise members such as AstraZeneca and Kantar. This segment has seen immense demand, reflecting the broader trend towards flexible and managed workspaces in the Indian market.
Janak Malkani shared his excitement about joining WeWork India, saying, “WeWork India is the pioneer in the flexible workspace industry. I am excited to join them as the Head of Managed Office for India. WeWork India’s innovative and comprehensive workspace solutions are unparalleled, and there is immense demand for their managed office offering across markets. Together, we will create dynamic work environments that meet and exceed the evolving needs of businesses across India.”
In summary, WeWork India’s strategic appointment of Janak Malkani underscores its commitment to expanding its Managed Office offerings and maintaining its leadership in the flexible workspace industry. With Malkani’s expertise and innovative approach, WeWork India is well-positioned to set new standards in the managed office segment and meet the evolving demands of Indian businesses.
