WI
WeWork India
Mainboard₹3,000 Cr issue
+0.31%
Listing gain over issue price
Issue size
₹3,000 Cr
1 lot at cut-off
₹14,904
Lot size
23shares
Allotment
08 Oct 2025
Listing
10 Oct 2025
Listing performance
Issue price
₹648
Listed at
₹650
Listing-day close
₹628.65
Latest price
₹742.15
Listing gain
+0.31%
Return since listing
+14.53%
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Grey market premium
Unofficial and indicative — not a forecast
₹0
3 observations recorded — too few to plot a trend.
Day-wise premium · 3 observations
| Date | GMP | % | Sauda | Est. listing | Gain / lot |
|---|---|---|---|---|---|
| 10 Oct 2025 | ₹0 | 0.00% | ₹0 | ₹648 | ₹0 |
| 09 Oct 2025 | ₹0 | 0.00% | ₹0 | ₹648 | ₹0 |
| 08 Oct 2025 | ₹0 | 0.00% | ₹0 | ₹648 | ₹0 |
Gain per lot assumes the premium holds to listing and that the application is allotted — allotment in an oversubscribed issue is a lottery, so it is indicative, not expected. Sauda is the rate paid for a submitted application itself.
Issue details
- Listing date
- 10 Oct 2025
- Face value
- ₹10 per share
- Issue price
- ₹648 per share
- Lot size
- 23 shares
- Total issue size
- ₹3,000 Cr
- Market cap at offer price
- ₹8,685 Cr
- Promoter holding
- 73.56% → 48.07% pre-issue → post-issue
- ISIN
- INE085001019
- Registrar
- MUFG Intime India Pvt.Ltd.
- Lead managers
- JM Financial Ltd.
- Registered office
- 6thFloor, Prestige Central, 36, Infantry Road, Shivaji Nagar, Karnataka
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 2,08,06,548 | — | — |
| Market maker | 0 | — | — |
Application size
Minimum 23 shares per lot, in multiples, at ₹648
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 23 | ₹14,904 |
| Retail (max) | 13 | 299 | ₹1,93,752 |
| S-HNI (min) | 14 | 322 | ₹2,08,656 |
| S-HNI (max) | 67 | 1,541 | ₹9,98,568 |
| B-HNI (min) | 68 | 1,564 | ₹10,13,472 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Shares allocated
2,08,06,548
Anchor portion
₹1,348 Cr
at ₹648 per share
Valuation and performance
Valuation at offer price
₹648 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 9.56 | 9.56 |
| P/E (×) | 67.78 | 67.78 |
| Price to book (×) | 41.62 | — |
| Market cap | — | ₹8,685 Cr |
Key performance indicators
Latest reported period
- Return on net worth
- 63.80%
- EBITDA margin
- 63.41%
- NAV per share
- ₹15.57
- Price to book
- 41.62
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About WeWork India
Launched in 2017, WeWork India Management Limited is the largest flexible workspace operator in India by total revenue in the past three fiscal years. The company leases primarily Grade A office space, which it designs, builds, and operates as flexible workspaces according to global standards. The company provides flexible, high-quality workspaces to customers of all sizes, including large enterprises, small and mid-size businesses, startups, and individuals. Approximately 94% of the company's portfolio (7.07 million sqft) was in Grade A developments as of June 30, 2025. The company operates through multiple channels including Core Operations (private offices, customized managed offices, enterprise office suites), Digital Operations (WeWork On Demand, Virtual Office, WeWork All Access, WeWork Workplace), and Facility Management/Fit-out rentals.
Company Analysis
from RHPWeWork India is a premium flexible workspace operator providing Grade A office spaces designed and managed as flexible workspaces to enterprises, SMBs, startups and individuals across Indian cities.
Launched in 2017, WeWork India Management Limited is the largest flexible workspace operator in India by total revenue in the past three fiscal years. The company leases primarily Grade A office space, which it designs, builds, and operates as flexible workspaces according to global standards. The company provides flexible, high-quality workspaces to customers of all sizes, including large enterprises, small and mid-size businesses, startups, and individuals. Approximately 94% of the company's portfolio (7.07 million sqft) was in Grade A developments as of June 30, 2025. The company operates through multiple channels including Core Operations (private offices, customized managed offices, enterprise office suites), Digital Operations (WeWork On Demand, Virtual Office, WeWork All Access, WeWork Workplace), and Facility Management/Fit-out rentals.
flexible workspacescommercial real estateoffice space leasing
Objects of the Issue
- Carry out the Offer for Sale of Equity Shares by the Selling Shareholders p.23
- Achieve the benefits of listing the Equity Shares on the Stock Exchanges p.23
- Offer for Sale by Selling Shareholders to achieve the benefits of listing and enhance brand visibility p.153
- As the Offer is by way of an Offer for Sale, our Company will not receive any proceeds from the Offer p.159
- Not disclosed in Part 5 of the document
- Not stated in this document section
Issue Structure
- Total Issue
- Up to 46,296,296 Equity Shares bearing face value of ₹10 each aggregating to ₹[●] million
- Fresh Issue
- Not applicable
- Offer for Sale
- Up to 46,296,296 Equity Shares bearing face value of ₹10 each aggregating to ₹[●] million (35,402,790 by Embassy Buildcon LLP + 10,893,506 by 1 Ariel Way Tenant Limited)
- Price Band
- [●]
- Lot Size
- [●]
- Face Value
- ₹10 each
Business Model
The company earns revenue from membership fees paid by members (clients) who occupy seats/desks in its operational centres across Core Operations, Digital Operations, and Facility Management/Fit-out rentals. Net Membership Fees represented the primary revenue stream. The company operates through an operator model where it leases Grade A office space from landlords and sublets flexible workspace solutions to multiple clients. The company also generates service and ancillary revenue.
Business Segments
Primary operations of providing flexible workspace solutions including private offices, customized managed offices, enterprise office suites and custom designed buildings, floors and offices. Includes operator model where the company operates properties on behalf of landlords as WeWork Centres.
Operations of suite of digital products - WeWork On Demand, Virtual Office, WeWork All Access and WeWork Workplace
Operations in Centres where the company provides facility management services on a cost plus model and/or earns fit-out rentals on the capital expenditure incurred by the company, where the company has not executed lease or operating agreements in such Centres
Provision of flexible workspace solutions including private offices, customized managed offices, enterprise office suites and custom designed buildings, floors and offices
Value-added services including parking, additional meeting rooms, event spaces, advertising, food and beverage services, office infrastructure services, printing, mail and package services and dedicated internet bandwidth
Operates serviced office centres providing membership-based workspace access to corporate and individual members
Designs, builds and operates premium flexible workspaces offering private offices, office suites, serviced floors, managed offices, co-working spaces, on-demand spaces, virtual offices, business solutions, and workplace management software across Grade A properties in tier-1 cities
Revenue from specified workspaces leased on membership basis to members
Revenue from value-added services including customization, parking, events, F&B, infrastructure services, contractual projects, operator model revenue, and facility management operations
Revenue from digital workspace products: WeWork On Demand (day passes), WeWork All Access (global membership), Virtual Office (business address services), WeWork Workplace (SaaS for workspace management)
Provides flexible office memberships including private offices, office suites, managed offices, and serviced floors across 68 Operational Centres. Private offices comprise furnished, turn-key offices for individuals and teams with access to shared professional amenities and 24/7 access. Office suites are for large teams with dedicated amenities. Managed offices are end-to-end solutions built to unique requirements with sourcing, design, build and operate services. Serviced floors are fully furnished, move-in ready offices with private amenities.
Technology-driven solutions enabling flexible and seamless access to workspaces: (i) WeWork On Demand - pay per use access to coworking spaces and meeting rooms (launched 2018); (ii) WeWork All Access - monthly membership to desks in participating WeWork locations (launched 2020); (iii) Virtual Office - instant business address without physical space (launched 2021); (iv) WeWork Workplace - workspace management software for enterprises with hybrid work models launched in India in 2023; (v) Zoapi - cloud-based video conferencing SaaS product with integrated conferencing, screen sharing, and calendar functions (launched 2023).
Provides comprehensive suite of value-added services to enhance member experience including health and safety (enhanced cleaning, HVAC standards), lifestyle amenities (wellness rooms, gym, parking, catering, events), professional services (conference rooms, event spaces, phone booths, onsite staff, cleaning, guest management), and technology services (conferencing facilities, IT services, printing, high-speed internet, 24/7 security). Also includes revenue from operator model where company operates landlord properties, and facility management/fit-out rentals operations.
Provides configured workspace memberships (dedicated desks, private offices, customized floors) with access to shared facilities. Recognized as operating leases under Ind AS 116, with rental income recognized on straight-line basis over membership lock-in period.
Provides on-demand and all-access membership services that do not qualify as leases, recognized as service revenue over time on a monthly/ratable basis.
Additional ancillary services to members including conference room rentals, printing charges, parking charges and other chargeable services.
Revenue from flexible workspace memberships and leasing arrangements accounted for under lease accounting standards
Revenue from membership contracts accounted for under revenue recognition standards
Revenue from ancillary services including meeting rooms, events, and facility-related services
Revenue from sale of products to members and customers
The Group is primarily engaged in the business of managed workspace provider and provision for allied services, viewed as a single reportable segment by the Board of Directors. The group operates flexible workspaces across multiple cities in India.
Revenue from membership contracts relating to configured workspaces that meet the definition of operating leases, recognized on a straight-line basis over the membership lock-in period as access to space is provided
Revenue from membership contracts that do not qualify as leases under Ind AS 116, including WeWork On Demand and WeWork All Access services, recognized over time on a monthly/ratable basis as services are provided
Additional billings to members for ancillary business services consisting of chargeable services like conference room rent, printing charges, parking charges recognized when services are provided
Revenue from sale of goods from Zoapi (acquired December 21, 2022), which contributed ₹5.89 million in Fiscal 2023 and ₹29.78 million in Fiscal 2024
SWOT Analysis
Strengths
- • Leading premium flexible workspace operator in India by total revenue(p.22)
- • Established operations with significant geographic footprint across Tier 1 cities(p.27)
- • Premium Grade A portfolio aligned with global standards(p.22)
- • Strong revenue growth trajectory across multiple years(p.26)
- • ISO certifications for operational excellence and environmental management(p.22)
- • Operational metrics tracked with internal systems(p.102)
- • Listed company compliance infrastructure being established(p.102)
- • Leading premium flexible workspace operator in India by total revenue(p.160)
- • Strong revenue growth with expanding margins(p.160)
- • Superior portfolio-level revenue generation efficiency(p.160)
- • Backed by Embassy Group, a top Indian real estate developer(p.160)
- • Extensive portfolio in Grade A properties across top-tier locations(p.161)
- • Diversified, high-quality member base with no customer concentration risk(p.161)
- • Improved capital efficiency and operational leverage(p.161)
- • Experienced leadership team with industry expertise(p.161)
- • Leading premium flexible workspace operator with largest revenue in India(p.257)
- • Highest brand recognition and search volume vs competitors(p.266)
- • 94% of portfolio in Grade A properties across Tier 1 cities(p.269)
- • Strong backing by Embassy Group, a leading real estate developer with 85+ million sq ft portfolio(p.260)
- • Revenue to rent multiple of 2.7x exceeds industry average of 1.9-2.5x(p.268)
- • Adjusted EBITDA margin growth from 14.55% to 21.61% (Fiscal 2023-2025)(p.268)
- • Extensive product range with multiple flexible workspace solutions(p.272)
- • High member satisfaction with NPS scores of 74.8 (Fiscal 2025)(p.260)
- • Leading market position by revenue among flexible workspace operators(p.283)
- • Premium pricing power with above-industry average revenue-to-rent multiples(p.277)
- • Strong and growing member base with high retention(p.274)
- • Robust Centre-level profitability with improving unit economics(p.278)
- • Efficient capital deployment with declining capex per desk(p.278)
- • Diversified member base across sectors and geographies(p.294)
- • Experienced leadership team with deep industry expertise(p.280)
- • Established relationships with institutional landlords(p.281)
- • Established corporate governance framework with independent board composition(p.329)
- • Comprehensive board committee structure aligned with regulatory requirements(p.329)
- • Strong experienced senior management team with relevant industry expertise(p.337)
- • Stable promoter ownership with significant long-term commitment(p.341)
- • Substantial borrowing capacity authorized by Board for growth initiatives(p.328)
- • Strong operating cash generation despite losses(p.468)
- • Improving financial loss trajectory year-over-year(p.465)
- • High EBITDA margins demonstrating operational efficiency(p.472)
- • Membership revenue growth with improved net membership fees(p.474)
- • Effective cost optimization and expense management(p.466)
Weaknesses
- • History of net losses and negative earnings per share(p.26)
- • Significant geographic concentration of revenue in Bengaluru and Mumbai(p.26)
- • Promoter pledge of equity shares creating potential dilution risk(p.26)
- • Significant litigation involving promoter under money laundering law(p.26)
- • High fixed cost lease obligations with long-term commitments(p.27)
- • Promoter under PMLA investigation with potential asset attachment(p.50)
- • Group company (EOPMSPL) faces SEBI enforcement action(p.50)
- • Promoter shareholding pledge creates default risk(p.50)
- • Consistent historical net losses and negative net worth(p.63)
- • Audit qualifications on internal controls and compliance(p.64)
- • High fixed operating costs (84% of operating costs)(p.88)
- • Declining occupancy rates in new centres(p.82)
- • Independent Director involved in multiple criminal proceedings(p.67)
- • Risk of employee fraud and internal control weaknesses(p.101)
- • Qualified audit opinions on internal financial controls(p.103)
- • Directors lacking listed company board experience(p.103)
- • Promoter guarantees on significant debt obligations(p.104)
- • No dividend payment history and constrained dividend capacity(p.101)
- • Concentration of shareholding with dominant promoter(p.113)
- • History of net losses and negative equity in prior years(p.167)
- • Significant net debt position(p.167)
- • Occupancy rate declining over time(p.167)
- • Renewal rate showing deterioration(p.167)
- • Occupancy rate declined from 83.78% to 76.48% in operational centres (Fiscal 2023 to Q1 2026)(p.262)
- • Renewal rate decreased from 79.24% to 70.13% (Fiscal 2023 to Q1 2026)(p.262)
- • Client churn evident with number of clients declining from 2,315 to 2,215 (Fiscal 2023 to Q1 2026)(p.262)
- • Negative restated profit before tax in recent periods(p.263)
- • Occupancy rate decline in operational centres(p.277)
- • High dependency on Enterprise Members for revenue concentration(p.275)
- • Reduced percentage of desks with locked-in tenure(p.275)
- • Rising non-variable operating costs as percentage of revenue(p.277)
- • Significant dependency on few landlords for portfolio(p.289)
- • Significant accumulated losses and negative equity positions historically(p.355)
- • High leverage with substantial lease liabilities dominating balance sheet(p.355)
- • Consistent operating losses despite revenue growth(p.356)
- • Dependence on associate entity with continued losses(p.356)
- • Recent management transitions with key personnel changes(p.339)
- • Heavy reliance on service retainer fee income from lease-related deposits with significant deferred obligations(p.397)
- • Substantial accumulated losses and negative retained earnings indicating persistent unprofitability(p.392)
- • High financial leverage with significant lease liabilities and debt obligations(p.397)
- • Exposure to contingent tax liabilities from GST and commercial tax authorities across multiple fiscal years(p.410)
- • Significant provision for litigation matters related to lease arrangements with lessors(p.399)
- • Accumulated losses eroding shareholder equity(p.471)
- • High leverage with substantial debt burden(p.466)
- • Significant operating losses despite revenue generation(p.465)
- • Heavy lease obligations creating financial strain(p.474)
- • Regulatory audit qualifications and internal control deficiencies(p.479)
- • Dependence on related party and landlord arrangements(p.465)
- • Credit concentration risk from enterprise member default(p.466)
Opportunities
- • Rapid expansion of flexible workspace market in India(p.22)
- • Growing end-user demand for flexibility and capital efficiency(p.22)
- • India's strong economic growth trajectory(p.22)
- • Listing benefits and capital market access post-IPO(p.23)
- • Growing Indian flexible workspace market with urbanization tailwinds(p.56)
- • Expansion in new cities and tier-1 markets(p.56)
- • Technology sector demand for flexible workspaces(p.69)
- • International client base growing (63.44% of fees)(p.56)
- • Growth in hybrid working model adoption(p.106)
- • Enhanced visibility and brand value through listing(p.153)
- • Liquidity provision to existing shareholders(p.153)
- • Rapid growth in India's flexible workspace market(p.160)
- • Strong Tier 1 city office market dynamics and demand(p.161)
- • One of most extensive product and service offerings in the industry(p.161)
- • Expansion of Global Capability Centres driving office demand(p.211)
- • Growing domestic company expansion driving office space demand(p.215)
- • Flexible workspace stock forecast to grow to 140-144 Mn sq ft by 2027 at 18-20% CAGR(p.245)
- • Global Capability Centres (GCCs) projected to account for 35-40% of total leasing in 2025(p.227)
- • 70% of occupiers intend to increase office portfolio in next two years(p.226)
- • Companies with 10% flexible space forecast to jump from 42% (Q1 2024) to 59% by 2026(p.227)
- • Expansion into non-Tier 1 cities driven by hybrid work policies and lower costs(p.232)
- • TAM for flexible workspace segment estimated at ₹730-960 Bn by 2027(p.246)
- • Technology firms remain largest demand driver with 21-26% of office space take-up in 2024(p.222)
- • Expansion in large addressable flexible workspace market(p.281)
- • Growth in Global Capability Centre (GCC) segment(p.282)
- • Revenue diversification through digital products and value-added services(p.282)
- • Cross-selling opportunities through comprehensive product suite(p.273)
- • Expansion into new cities and micro-markets(p.281)
- • Data-driven expansion and optimization capabilities(p.282)
- • Adoption of updated accounting policies improving tax position(p.356)
- • Capital raising through equity conversion and rights issuance(p.359)
- • Strategic investment in technology through acquisition of subsidiaries(p.362)
- • Revenue growth trajectory in core membership business(p.356)
- • Expansion of service offerings and business lines(p.370)
- • Expansion through capital investments in property, plant and equipment and fit-outs(p.375)
- • Growth in membership revenue and ancillary services revenue streams(p.400)
- • Strategic collaboration with MyHQ Anarock Private Limited to expand service offerings(p.407)
- • Monetization of real estate assets through increased lease utilization and service offerings(p.400)
- • Expansion through addition of new centres(p.465)
- • Digital products and services revenue growth(p.474)
- • Service and ancillary revenue diversification(p.474)
- • WeWork On Demand and flexible workspace offerings(p.465)
- • Potential for improved leverage ratios through profitability(p.466)
Threats
- • Regulatory action against group company by SEBI(p.26)
- • Credit rating downgrade risk affecting capital raising(p.26)
- • Dependency on WeWork International Limited and WeWork brand(p.27)
- • Macroeconomic headwinds and cyclical industry risks(p.26)
- • No proceeds to company from Offer for Sale structure(p.26)
- • Heavy geographic concentration in Bengaluru and Mumbai (70% of revenue)(p.53)
- • Long-term fixed lease obligations with limited flexibility(p.56)
- • Revenue concentration among top 10 clients (24% of fees)(p.66)
- • Large clients with >300 desks generate 40.59% of revenue(p.68)
- • Intense competition from 500 flexible workspace operators(p.70)
- • Economic downturn risk affecting commercial real estate demand(p.55)
- • Dependency on WeWork International Limited for brand and technology(p.58)
- • Concentration with top 10 landlords (34.31% of leasable area)(p.59)
- • Post-IPO complaints regarding undisclosed litigation and rent disputes(p.72)
- • Economic slowdown reducing office space demand(p.109)
- • Pandemic-induced remote work structural shift(p.106)
- • COVID-19 and future pandemics forcing work-from-home(p.106)
- • Evolving and uncertain regulatory environment(p.106)
- • Rising labour costs from new labour codes(p.107)
- • Inflation impacting operating costs(p.112)
- • Downgrading of India's sovereign debt rating(p.110)
- • Foreign exchange and geopolitical volatility(p.109)
- • Stock exchange surveillance measures restricting trading(p.112)
- • Competitive pressure from other flexible workspace operators(p.163)
- • Economic slowdown impacting office leasing demand(p.204)
- • Rising vacancy rates in key markets(p.217)
- • Geopolitical and macroeconomic uncertainty affecting forecasts(p.187)
- • Market saturation risk from increasing number of flexible workspace operators(p.247)
- • Economic downturns and external shocks (e.g., COVID-19) reduce office space demand(p.247)
- • Client churn risk due to short-medium term tenures of flexible workspace members(p.247)
- • Asset-liability mismatch from long-term landlord leases vs short-term member contracts(p.247)
- • Upward rent variations post lease expiry in high-demand markets(p.247)
- • Concentration risk if single/few customers occupy substantial portion of facility(p.247)
- • Supply limitation constraints on expansion due to tight Grade A property availability(p.247)
- • Intense competition from multiple flexible workspace operators(p.304)
- • Exposure to real estate market cycles and economic downturns(p.303)
- • Dependency on landlord relationships and lease agreement terms(p.290)
- • Exposure to technology and cybersecurity risks(p.301)
- • Regulatory and compliance risks across multiple jurisdictions(p.309)
- • Vulnerability to economic downturns affecting membership demand(p.348)
- • Substantial ongoing finance costs creating profitability pressure(p.356)
- • High depreciation burden from capital-intensive asset base(p.356)
- • Competitive market conditions affecting membership pricing power(p.356)
- • Reliance on continued access to capital markets and financing(p.355)
- • Cyclicality and economic sensitivity of workspace leasing business to macroeconomic downturns(p.411)
- • Regulatory risks from multiple GST and tax authority assessments with pending appeals(p.410)
- • Dependency on related party transactions and potential conflicts of interest in day-to-day operations(p.404)
- • Litigation exposure from lessors regarding non-payment of rentals during COVID-19 lockdown(p.410)
- • Foreign exchange and interest rate volatility affecting lease obligations and financing costs(p.401)
- • Litigation over lease arrangements and COVID-19 force majeure disputes(p.489)
- • Regulatory compliance risks and tax disputes(p.489)
- • Tax contingent liabilities and disputes(p.492)
- • Rising operating costs including utilities and maintenance(p.465)
- • Criminal proceedings against promoters and directors(p.496)
- • Risk of lease terminations and property disputes(p.490)
- • Interest rate risk on variable rate borrowings(p.476)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Jitendra Mohandas Virwani | Promoter | Negligible (1 share as nominee) | — |
| Karan Virwani | Promoter | Negligible (1 share) | — |
| Embassy Buildcon LLP | Promoter/Promoter Selling Shareholder | 76.21% | — |
| 1 Ariel Way Tenant Limited | Investor Selling Shareholder | 23.45% | — |
| Embassy Buildcon LLP | Promoter | 73.56% | — |
| 1 Ariel Way Tenant Limited | Promoter Group | 22.64% | — |
| Embassy Buildcon LLP | Promoter | 76.21% | — |
| 1 Ariel Way Tenant Limited | Investor Selling Shareholder | 23.45% | — |
| Embassy Buildcon LLP | Promoter/Majority Owner | — | — |
| WeWork Global | Global Partner | — | — |
| Embassy Group | Majority Owner and Promoter | — | — |
| Embassy Buildcon LLP | Promoter/Corporate Promoter | 71.48% | — |
| Jitendra Mohandas Virwani | Promoter | — | — |
| 1 Ariel Way Tenant Limited | Investor Selling Shareholder | 31,429,500 Equity Shares aggregating to 22.64% | — |
| Jitendra Mohandas Virwani | Promoter/Chairman and Non-executive Director | 73.56% | — |
| Karan Virwani | Promoter/Managing Director and Chief Executive Officer | 73.56% (aggregate with other promoters) | — |
| Embassy Buildcon LLP | Corporate Promoter | 73.56% (aggregate with other promoters) | — |
| Embassy Buildcon LLP | Promoter | 71.22% | 76.21% |
| 1 Ariel Way Tenant Limited | Significant Shareholder | 28.78% | 23.45% |
| Embassy Buildcon LLP | Holding entity | — | — |
| Embassy Buildcon LLP | Selling Shareholder | — | — |
| 1 Ariel Way Tenant Limited | Selling Shareholder | — | — |
| Embassy Buildcon LLP | Promoter Selling Shareholder | — | — |
| 1 Ariel Way Tenant Limited | Investor Selling Shareholder | — | — |
Leadership
Karan Virwani · CEO/Managing Director
Clifford Noel Lobo · CFO
Udayan Shukla · Company Secretary and Compliance Officer
Jitendra Mohandas Virwani · Promoter/Chairman
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.