Smartworks Adds Approximately INR 235 Crore in Incremental Contracted Rental Revenue from Enterprise Expansions
Smartworks Coworking Spaces Limited, a leader in the managed office platform space, has secured approximately INR 235 crore of incremental contracted rental revenue. This expansion is driven by existing enterprise clients, including Fortune 500 and Forbes 2000 companies, underscoring the growth and stickiness of the company’s model.This new revenue builds upon Smartworks’ existing contracted rental revenue base, which stands at approximately INR 5,400 crore as of June 30, 2026. The expanded contracts involve lease tenures of up to 60 months.
Smartworks, which is recognized as India's largest managed office platform by overall footprint, reported that its clients include high-profile organizations such as a subsidiary of a Fortune India 500 company, the India IT services arm of a Forbes 2000 company, and a Fortune 500 global infrastructure consulting firm. These organizations are focused on building advanced technology and AI capabilities in their Indian centers.
Neetish Sarda, Founder and Managing Director of Smartworks, highlighted the significance of the development, stating that the expansion validates the platform when existing clients choose to grow with the company. He noted that the company’s large, fully managed campuses enable seamless expansion for businesses without the disruption of relocating or refitting across a city.
The expansion news comes amid a structural shift in the office market in India, with demand rising for flexible, fully managed workspaces as the country strengthens its role as a strategic execution hub for global enterprises. Companies are increasingly consolidating workplace requirements with scaled operators who can provide consistent infrastructure and operational efficiency across multiple locations.
Smartworks’ revenue stream is heavily anchored in large organizations, with approximately 92% of the company's revenue derived from enterprise clients. Furthermore, 35% of the company's revenue originates from multi-city clients, reflecting its position as a preferred infrastructure partner across geographies.
The company has successfully secured its expansion pipeline for FY27 and FY28, and part of the capacity for FY29, ensuring strong positioning to serve clients in various markets.
Smartworks operates strategically by securing long-term leases for large, full campuses in prime business locations. Beyond providing office space, the company’s campuses offer comprehensive amenities, including cafeterias, convenience stores, gyms, recreation zones, crèches, and round-the-clock support, ensuring all needs of companies and their employees are met in one location.
As of June 30, 2026, Smartworks held a total secured footprint of approximately 16.9 million sq. ft. across 70 centers located in 15 cities across India and Singapore.
Smartworks Operational Snapshot
The following data provides a summary of Smartworks Coworking Spaces Limited's operational and revenue standing as of June 30, 2026.| Metric | Value |
|---|---|
| Total Secured Footprint | ~16.9 million sq. ft. |
| Number of Centers | 70 |
| Cities Served | 15 (India and Singapore) |
| Contracted Rental Revenue | ~INR 5,400 crore |
| Enterprise Client Contribution | ~92% of revenue |
| Multi-City Client Contribution | ~35% of revenue |
Smartworks, which also offers SmartVantage, a solution focusing on a curated ecosystem of partners for GCC-focused clients, primarily serves mid-to-large enterprises. The company reports over 760 clients, including MNCs, leading Indian conglomerates, and unicorns, in addition to Fortune 500 and Forbes 2000 companies.
SMARTWORKS Stock Price Movement
On Friday, shares of Smartworks Coworking Spaces Limited rallied, settling up by 2.25% in a positive close. The stock finished the session at ₹523.25, following the company trading a volume of 108,541 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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