Coworking firm IWG looks to double India portfolio in 12-18 months
IWG, which operates brands like Regus and Spaces in India, is looking to double its presence in India in next 12-18 months on the back of demand for flexible space by corporates, a senior executive said.
The company has recently signed an agreement with US brand HQ to open centres in India. IWG currently operates 100 centres in India and it is not in the top 10 market for the group.
With aggressive expansion plans, India is expected to be among the top 5 for IWG.
“As we pick up momentum, we will be looking at a larger network in India, we will be targeting newer cities. Expansion is our focus right now and we want to have more dots on the map and more choices for customers spread across each city,” said Harsh Lambah, Country Manager India and Vice President – Sales, IWG.
IWG has close to 4000 centers globally and it added about 800 new centers to a network last year.
“We started in India with Regus. We have Spaces and we have now brought in HQ this year. After COVID, we saw what was happening in terms of the world of work, we saw a lot of people working from home and not coming back to work. We felt that was a key opportunity for us to build, vibrant and productive workspaces close to their place of residence. So we start looking at opportunities in suburbs of cities. And we were really happy to find opportunities in Bangalore where we opened up two of our HQs right now,” said Lambah.
It has plans to open more HQ's in suburban areas of major metros and in Tier 2 and Tier 3 city.
IWG works closely with
