Smartworks has signed new managed office leasing engagements worth around ₹305 crore with large Indian and global companies. The deals add to its recent contracted rental revenue, bringing it to approximately ₹540 crore. The company manages 16.9 million sq ft across 70 centres and continues to expand its workspace network.
Smartworks Coworking Spaces has secured new leasing engagements worth approximately ₹305 crore from new clients, strengthening its position in India’s managed office market. The agreements cover companies across technology, research and consulting, healthcare, sportswear and lifestyle, and global customer experience management services.
The new contracts add to the company’s contracted rental revenue, which stood at around ₹5,400 crore as of June 30, 2026. They also follow approximately ₹235 crore in incremental contracted rental revenue from expansions by existing clients, taking the total recent additions to about ₹540 crore.
Enterprise Demand Remains Central
Large enterprises remain a major part of Smartworks’ business. Around 92% of its revenue comes from enterprise clients, including multinational corporations, Fortune 500 and Forbes 2000 companies, and major Indian businesses.
The latest deals also reflect a broader shift in how companies are approaching office requirements as they expand into new markets and locations. Rather than committing significant time and capital to setting up conventional offices, businesses are increasingly using managed workspace providers for ready-to-operate workplaces.
Neetish Sarda, Founder and Managing Director of Smartworks, said, “India is witnessing a fundamental shift in how businesses think about their workplaces.” He added that as companies expand across regions, the office needs to support growth rather than restrict it.
Flexible Offices Become Part of Expansion Plans
According to Sarda, demand from large companies is being shaped by the need for speed, flexibility and greater focus on core business activities. This is supporting the use of managed offices as companies enter new markets or scale existing operations.
Smartworks has also built an expansion pipeline across prime locations for FY2027 and FY2028, with some projects extending into FY2029. This is intended to keep additional capacity aligned with expected enterprise demand.
The company’s campuses go beyond traditional office space, offering cafeterias, convenience stores, gyms, recreation areas, crèches and 24-hour support. These facilities are designed to provide enterprise occupiers with a more comprehensive workplace solution within a single managed setup.
Smartworks Expands Its Managed Workspace Footprint
As of June 30, 2026, Smartworks managed approximately 16.9 million sq ft across 70 centres in 15 cities across India and Singapore. Its portfolio primarily serves mid- to large-sized enterprises seeking scalable office solutions.
The company is also working with real estate developers to convert large bare-shell properties into fully managed, enterprise-grade campuses. This model allows developers to utilise large office assets while giving occupiers access to operational workplaces without having to handle the entire setup themselves.
The ₹305 crore in new engagements adds to Smartworks’ contracted revenue base and comes as enterprise demand continues to drive growth in India’s managed and flexible office sector
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