Aug 9 (Reuters) – WeWork’s warning of a chapter threat wouldn’t have an effect on its India unit, regional CEO Karan Virwani mentioned on Wednesday.

New York-based WeWork, which was valued at $47 billion in 2019, on Tuesday raised “substantial” doubt across the continuance of its operations and warned of a attainable chapter.

WeWork India, which is backed and owned in majority by Indian actual property agency Embassy Group, mentioned it was targeted on development with sustained profitability and the basics of its enterprise stay robust.

“We ended FY 2022-23 with revenue of 14 billion Indian Rupees ($168.99 million), and 2.5 billion Indian Rupees ($30.18 million) in earnings,” India CEO Virwani mentioned.

($1 = 82.8440 Indian rupees) (Reporting by Shivansh Tiwary and Priyamvada C in Bengaluru; Editing by Shinjini Ganguli)