Key Highlights
- Smartworks adds approximately ₹235 crore in incremental contracted rental revenue.
- The new revenue is driven by expansion mandates from existing enterprise clients.
- Expansion mandates include Fortune 500 and Forbes 2000 companies and large Indian conglomerates.
- The new contracts have engagement tenures of up to 60 months.
- Smartworks had approximately ₹5,400 crore in contracted rental revenue as of June 30, 2026.
- Enterprise clients contribute approximately 92% of Smartworks’ revenue.
- The company had a secured footprint of approximately 16.9 million sq. ft. across 70 centres in 15 cities as of June 30, 2026.
- Smartworks serves more than 760 clients across India and Singapore.
Smartworks Coworking Spaces Limited has announced an addition of approximately ₹235 crore to its incremental contracted rental revenue through expansion mandates from existing enterprise clients. The company said the new revenue comes from clients including Fortune 500 companies, Forbes 2000 companies and large Indian conglomerates.
The additional contracted rental revenue is based on expansion commitments secured from existing customers across multiple cities. According to the company, the new mandates carry engagement tenures of up to 60 months and add to its contracted rental revenue base of approximately ₹5,400 crore as of June 30, 2026.
Smartworks said several of the expansion mandates have been secured from large enterprises operating in engineering and technology services, information technology and infrastructure consulting. The company noted that some clients are using its centres to establish advanced technology and artificial intelligence capabilities.
The company attributed the expansion activity to growing demand for managed and flexible office spaces as enterprises increasingly consolidate their workplace requirements. Smartworks said its managed workspace model enables companies to expand within existing campuses or across locations without undertaking separate real estate, fit-out and operational arrangements.
Enterprise clients account for approximately 92% of Smartworks’ revenue, according to the company. Around 35% of its revenue is derived from multi-city clients, reflecting demand from organisations seeking managed workspace solutions across multiple locations.
Smartworks also said it has secured additional expansion requirements for FY27 and FY28, while capacity for FY29 has been locked ahead of demand. The company expects this contracted pipeline to support its ability to serve enterprise customers as their workspace requirements increase.
The company follows a full-campus leasing model in prime business locations and provides managed office infrastructure along with facilities such as cafeterias, convenience stores, gyms, recreation areas, creches and round-the-clock support.
As of June 30, 2026, Smartworks had a secured footprint of approximately 16.9 million square feet across around 70 centres in 15 cities in India and Singapore. The company serves more than 760 clients, including Fortune 500 and Forbes 2000 companies, multinational corporations and Indian conglomerates.
