Summary:

International Workplace Group (IWG), which includes brands such as Regus and Spaces, plans to become India's third-largest co-working space provider within the next 3-5 years. IWG currently operates 105 locations in India and expects to add 40 more this year. According to CEO Marc Descrozaille, India is one of IWG’s top 15 countries, but he believes it could soon join the top three. The company plans to expand by 300 centres. In 2024, IWG achieved historic growth, with 899 centre signings and 624 openings globally. IWG's global network spans 4,000 workplaces across 120 countries. Amid economic instability, businesses are shifting focus to flexible workspaces, which could accelerate the growth of co-working spaces in India and worldwide.

Source: IBEF

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