WeWork India Secures ₹475.49 Crore Managed Office Contract with TMUS India
WeWork India has entered into a 60-month Managed Office Contract with TMUS India Private Limited worth ₹475.49 Crore. The agreement covers 250,348 sq ft and 1,507 workstations in Hyderabad, with operations expected to commence by May 21, 2026.
The contract value of ₹475.49 Crore and the substantial workspace area (250,348 sq ft) represent a material business development for WeWork India, impacting its revenue and market position.
The announcement details a significant new contract win for WeWork India, which is expected to strengthen its presence and support expansion plans, indicating positive business development.
WeWork India Management Limited has announced the receipt of a significant Managed Office Contract from TMUS India Private Limited. This agreement is set to operationalize capacity addition in Hyderabad and supports the company's expansion plans in the region, thereby strengthening its presence.
The contract involves the provision of dedicated workspace for TMUS India Private Limited across five floors at Phoenix H10, Hyderabad. This space will aggregate approximately 250,348 square feet and comprise 1,507 workstations. The agreement has a tenure of 60 months, with a committed term of 42 months from the client.
The total consideration for this contract is ₹475.49 Crore, excluding applicable taxes, for the 60-month tenure. The works under the contract are expected to be completed on or before May 21, 2026, after which TMUS India Private Limited is expected to commence operations from the premises. This is a domestic contract, and neither the promoter nor promoter group has any interest in TMUS India Private Limited.
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WeWork India Management Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by WeWork India Management Limited. Read the original for the full detail.