Smartworks Leases Over 930 Seats in Pune, Boosting Client Commitment to Approximately INR 102 Crore
Smartworks Coworking Spaces Limited, India's largest managed office platform by total area under management, has secured a significant expansion deal in Pune. The company has leased over 930 seats to the India-based subsidiary of a UK-headquartered global professional services and technology firm.This addition raises the client's total seat count with Smartworks to over 1,730 seats. This specific engagement is set for a 60-month duration and is expected to generate committed rental revenue of approximately INR 58 Crore. When combined with the client's existing arrangement, the total estimated rental commitment for this enterprise rises to around INR 102 Crore.
Neetish Sarda, Founder and Managing Director at Smartworks, noted that the ongoing expansion by global enterprises serves as a strong confirmation of the value delivered by Smartworks managed campuses. He stated that it reflects confidence in infrastructure built for scale, consistency, and long-term growth.
Company Performance and Client Dynamics
The company's client base demonstrates a strong enterprise focus. Clients with 300 or more seats account for roughly 69% of Smartworks' rental revenue, these contracts typically having an average tenure of around 47 months. Multi-city clients contribute approximately 31% of the overall revenue, highlighting the depth of engagement within Smartworks’ largest enterprise relationships.Over 90% of the Company's total revenue stems from enterprise clients.
As of March 31, 2026, Smartworks operates a substantial footprint of approximately 16.1 million sq. ft. across 66 centers spanning 15 cities in India and Singapore. Smartworks functions by partnering with developers to lease large buildings, transforming them into fully managed enterprise campuses. These campuses integrate necessary workspace design, technology infrastructure, and workplace services to enhance collaboration, operational efficiency, and productivity for major organizations.
Operational Overview (as of March 31, 2026)
The following table provides key operational metrics for Smartworks Coworking Spaces Limited:| Metric | Detail |
|---|---|
| Total Footprint | ~16.1 million sq. ft. |
| Number of Centers | 66 |
| Cities Covered | 15 (India and Singapore) |
| Client Count | Over 770 |
Smartworks primarily caters to mid-to-large enterprises, including Fortune 500s, Forbes 2000 names, GCCs, MNCs, and high-growth Indian businesses. The Company also offers SmartVantage, a solution focused on GCCs that combines scalable campuses with a curated ecosystem of partners across legal, compliance, talent, and operational support, facilitating compliant expansion within India.
Smartworks Coworking Spaces Limited was listed on the NSE and BSE on July 17, 2025.
SMARTWORKS Stock Price Movement
On Friday, Smartworks Coworking Spaces Limited shares edged higher by 1.31%, closing at ₹465.70. The stock saw a trading volume of 33,242 shares during the session.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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