India’s popular co-working space, WeWork India, recently announced the appointment of Karan Virwani as its MD and CEO, and Jitendra Mohandas Virwani as the Non-Executive Chairman.
As mentioned in its official statement, the Bengaluru-based company made major changes to its board of directors.
“Jitendra Mohandas Virwani, Chairman and Managing Director of Embassy Group, steps into the role of Non-Executive Chairman, lending his industry insight to strengthen WeWork India’s growth strategy further,” the statement said.
Realty firm Embassy Group has a 73 percent shareholding in WeWork India, while 23 percent of the stakes are with WeWork Global. The global firm, WeWork Global pumped USD 100 million into WeWork India in June 2021.
Commenting on the board changes, Karan Virwani said, “Our strengthened board bribrings together a diverse range of individuals with top-tier experience across critical sectors, including real estate, sustainability, finance and technology.”
Their deep understanding of corporate governance and experience in private and publicly listed business as well as guiding high-growth companies will bring.
WeWork India is currently present in 61 locations including cities like Delhi, Noida, Gurugram, Bengaluru, Chennai, Mumbai, Pune, and Hyderabad.
