WeWork India Secures Managed Office Contract with TMUS India Private Limited
WeWork India Management Limited announced on March 19, 2026, that it has entered into a Membership Agreement for a Managed Office with TMUS India Private Limited. This agreement is linked to previously disclosed plans for capacity addition in Hyderabad.The contract involves providing a dedicated workspace for TMUS India Private Limited across five floors at Phoenix H10, Hyderabad. The workspace aggregates to approximately 250,348 square feet and includes 1,507 workstations. The agreement has a tenure of 60 months, with a 42-month committed term from the client.
The total consideration for the contract is ₹475.49 crore, excluding applicable taxes. The works under the contract are expected to be completed on or before May 21, 2026, at which point TMUS India Private Limited is expected to commence operations.
The arrangement is anticipated to strengthen WeWork’s presence in the Hyderabad region. Neither the entity awarding the contract nor any related parties have any interest in WeWork India Management Limited.
| S. No. | Particulars | |
|---|---|---|
| 1 | Name of the entity awarding the order/ contract | TMUS India Private Limited |
| 2 | Significant terms and conditions of order/ contract awarded in brief | The contract entails provision of dedicated workspace for TMUS India Private Limited across five floors at Phoenix H10, Hyderabad, aggregating to approximately 250,348 square feet and comprising 1,507 workstations. The agreement has a tenure of 60 months, with a committed term of 42 months from the client. |
| 3 | Whether order/contract has been awarded by domestic/international entity | Domestic entity |
| 4 | Nature of order/contract | This is a Managed Office Contract. The workspace will be designed, developed, and managed by WeWork on behalf of TMUS India Private Limited. |
| 5 | Whether domestic or international | Domestic |
| 6 | Time period by which the order/contract is to be executed | The works under the contract are expected to be completed on or before May 21, 2026, following which the client is expected to commence operations from the premises. |
| 7 | Broad consideration or size of the order/ contract | ₹475.49 Crore (excluding applicable taxes) for a tenure of 60 months |
| 8 | Whether the promoter/ promoter group / group companies have any interest in the entity that awarded the order/contract? If yes, nature of interest and details thereof | No |
| 9 | Whether the order(s)/contract(s) would fall within related party transactions? If yes, whether the same is done at 'arm's length' | No |
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