Monday, July 15, 2024

WeWork India Appoints Janak Malkani as New Vertical Head

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WeWork India, a top provider of flexible workspaces, has announced Janak Malkani as the new Head of Managed Office for India. In this role, Malkani will also lead sales for the West region. He has 18 years of experience in the Indian real estate industry, making him a valuable addition to the WeWork India team.

Janak Malkani’s Experience

Malkani’s past roles include Executive Director at CBRE’s Advisory & Transaction Services in Mumbai and positions at Cushman & Wakefield, Knight Frank, and Indiaproperties.com. He has been key in expanding international retailers like Walmart and DeBeers into India.

CEO Virwani on Appointment

Karan Virwani, CEO of WeWork India, expressed excitement about Malkani joining the team. He said, “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. It offers businesses a comprehensive approach to office space management.”

WeWork India appoints Janak Malkani
WeWork India appoints Janak Malkani.

Virwani added, “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.”

Flexible Workspace Market in India

The flexible workspace market in India has grown by about 20% year-over-year for the last three years. This growth is largely driven by large enterprises and traditional businesses, which make up 60% of the expansion. Businesses are looking for 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 covers over 2 million square feet and serves enterprise members like AstraZeneca and Kantar.

Janak Malkani on His New Role

Janak Malkani shared his excitement about his new role, saying, “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 unmatched in the market, with strong demand for their Managed Office offering across markets.”

He continued, “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’s appointment is set to strengthen WeWork India’s position in the flexible workspace market and drive the company’s growth in the managed office segment.

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