WeWork India appoints Janak Malkani for managed office business expansion

WeWork India, a leading flexible workspace provider, has announced the appointment of Janak Malkani as the Head of Managed Office for India.

In this role, Malkani will also lead sales for the West region. With an 18-year track record in Indian real estate, Malkani brings a wealth of experience to WeWork India.

His previous positions include Executive Director at CBRE’s Advisory & Transaction Services in Mumbai and roles at Cushman & Wakefield, Knight Frank, and Indiaproperties.com.

Malkani has been instrumental in shaping the India expansion plans of international retailers like Walmart and DeBeers.

WeWork India CEO highlights Janak's extensive experience

Karan Virwani, CEO of WeWork India, expressed his enthusiasm about Malkani joining the team. "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 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 Virwani.

The current sate of the flexible workspace market?

The flexible workspace market in India has experienced significant growth, increasing by approximately 20% year-over-year over the last three years.

The growth has been driven by large enterprises and traditional businesses, which account for 60% of the expansion. Businesses are increasingly seeking comprehensive office space management solutions to focus on their core products.

Currently, over one-third of WeWork India's business comes from the Managed Office portfolio, which encompasses over 2 million square feet and serves enterprise members such as AstraZeneca and Kantar.

What did Janak Malkani say about his new role?

"WeWork India is the pioneer in the flexible workspace industry, and I am excited to join them as the Head of Managed Office for India. 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," Janak Malkani.

"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," Malkani said.