Company: Confidential pre-IPO managed-office platform
Board base: Bengaluru, Karnataka
Sector: Flexible workspaces and enterprise managed offices
Appointment: Independent Director, Non-Executive
Intended committees: Audit Committee Chair; member, Risk and NRC Committees
Time commitment: 30–36 days annually through listing readiness
Application deadline: 24 October 2026
Expected appointment: February 2027
Company context
The company leases or manages office buildings, invests in fit-outs and sells desks, suites and customised workplaces to startups, enterprises and global capability centres. Contract duration, deposits, occupancy, churn, fit-out recovery, landlord terms and enterprise concentration determine economics. The company is preparing its first public-market control environment.
Market hint: A Bengaluru-led national network, large enterprise managed-office contracts, asset-light landlord partnerships and a planned IPO may resemble several scaled workspace operators. Centre count, investors and customers are omitted.
Board mandate
The director will convert desk and area growth into auditable lease, contract, cash and capital discipline. Reported occupancy and EBITDA must reconcile to enforceable customer commitments and landlord obligations.
Strategic priorities
- Create centre-level economics after rent, escalation, common-area cost, fit-out, brokerage, incentives, utilities, facilities, maintenance and central allocation.
- Reconcile signed, billable, occupied and collected desks; prevent letters of intent, phased occupancy or free periods from inflating demand.
- Govern lease and management agreements through lock-in, deposits, guarantees, restoration, capex responsibility, termination and landlord solvency.
- Review enterprise contracts for custom fit-out, delay, acceptance, service levels, early exit, expansion rights, credit and concentration.
- Stage-gate centres using committed revenue, catchment, supply, landlord quality, capex, ramp time, break-even and downside exit.
- Govern customer deposits, landlord deposits, fit-out advances, vendor retention and restricted cash with daily reconciliation.
- Establish fire, life safety, occupancy, electrical, lift, food, emergency and contractor controls across every centre.
- Review revenue recognition, lease accounting, fit-out capitalisation, impairment, restoration provisions, incentives and related parties.
- Protect tenant access, visitor, surveillance, network and workspace data across shared infrastructure.
- Prepare offer-document KPIs, proceeds tracking, Audit/NRC calendars, insider controls and first-year reporting.
Decisions expected at Board level
- Whether to sign a long landlord lease against a short enterprise commitment.
- Whether a customised fit-out creates defensible economics or hidden customer financing.
- Whether an underperforming centre should be closed, renegotiated or held for occupancy recovery.
- Whether occupancy, committed area and contracted revenue are presented consistently.
- Whether IPO capital should fund new centres before existing cohorts generate cash.
Candidate profile
Essential: Former commercial real-estate, hospitality, leasing, facilities, enterprise services, infrastructure or multi-site CEO/COO/CFO, investor or Audit Chair; lease and contract economics; capital, safety and IPO controls.
Preferred: flexible workspace, GCC facilities, landlord negotiations, IFRS/Ind AS lease accounting, cybersecurity, public-market readiness.
Eligibility and conflicts
Active IICA Databank inclusion and applicable test/exemption evidence are mandatory. Candidates must disclose landlords, developers, brokers, tenants, facilities vendors, lenders, valuers, auditors, investors and competing workspace interests.
First-year outcomes
- Centre and customer economics reconciled to cash.
- Board-approved lease, fit-out and expansion gates.
- Customer and landlord deposits independently controlled.
- Verified life-safety and shared-technology resilience.
- IPO reporting supported by stable definitions and source evidence.