WeWork India Management Limited has informed the Exchange regarding a media release dated March 09, 2026, titled "Rivet by WeWork India Debuts as End-to-End Design & Build Platform for Enterprises & End-Users".
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WeWork India has launched 'Rivet by WeWork India', a new design and build (D&B) platform that offers end-to-end workspace solutions—from design to commissioning—targeting enterprises, GCCs, and end-users. The platform uses BIM-led planning, real-time site monitoring, and structured financial governance to address gaps in India's fragmented D&B ecosystem. Arnav S Gusain has been elevated as CEO of Rivet while continuing as Chief Supply Officer at WeWork India. Completed projects under Rivet span over 1 lakh sq. ft. with a cumulative value of nearly ₹50 crore. WeWork India currently operates 73 centres across 8 cities, covering 8.2 million sq. ft. and over 1.21 lakh desks. The launch positions the company to evolve from a flexible workspace operator into a full workspace-as-a-service and eventually infrastructure-as-a-service platform.
The new vertical diversifies WeWork India's revenue streams beyond coworking and managed offices, tapping into India's growing commercial office leasing market (83.3 million sq. ft. in 2025). While strategically positive for long-term growth, no immediate financial guidance or revenue impact has been disclosed, so near-term stock reaction may be limited.