Smartworks Coworking Spaces Ltd, India’s largest managed office platform by overall footprint, has added ₹235 crore in incremental contracted rental revenue through expansion mandates from existing clients, including Fortune 500 and Forbes 2000 companies, across multiple cities.
Expansion from existing clients
The ₹235 crore contracted rental revenue represents leasing commitments with engagement tenures of up to 60 months. The latest additions build on Smartworks’ ₹5,400 crore contracted rental revenue base as of June 30, 2026.
“The strongest validation of any platform is when existing clients choose to grow with it. Our large, fully managed campuses are built for scale, so businesses can expand seamlessly within the same campus, without the disruption of relocating, refitting or searching for space across the city,” said Neetish Sarda, Founder and Managing Director, Smartworks.
Strong enterprise demand
Sarda said the expansion, involving large multinational corporations including Fortune 500 and Forbes 2000 companies, reflects the trust and stickiness of Smartworks’ managed workspace model.
“Large organisations today want more than office space. They want prime locations, quality infrastructure, a strong employee ecosystem and the room to scale on demand, and that is exactly what our managed campuses deliver,” he added.
The clients involved in the latest expansion include a global leader in engineering and technology services, 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, among others.
Several of these companies are building advanced technology and artificial intelligence capabilities out of their India centres.
India office market shift
The expansion comes against the backdrop of a structural shift in India’s office market, with the country strengthening its position as a strategic execution hub for global enterprises.
Demand for flexible and fully managed workspaces continues to rise as enterprises increasingly consolidate workplace requirements with scaled operators that can deliver consistent infrastructure, service standards and operational efficiency across locations.
Enterprise clients drive revenue
Enterprise clients account for 92% of Smartworks’ revenue, while 35% of the company’s revenue comes from multi-city clients.
The company said these metrics reflect its growing role as a preferred workspace and infrastructure partner for large organisations operating across multiple geographies.
Smartworks has also secured its expansion pipeline in prime locations for FY27 and FY28, and partially for FY29, with capacity locked well ahead of demand.
Large campuses with integrated facilities
Smartworks strategically secures long-term leases for large, full campuses in prime business locations across high-demand cities.
Beyond office space, its campuses offer cafeterias, convenience stores, gyms, recreation zones, crèches and round-the-clock support, providing companies and their employees with an integrated workplace ecosystem.
16.9 million sq. ft. secured footprint
As of June 30, 2026, Smartworks had a total secured footprint of 16.9 million sq. ft. across 70 centres in 15 cities in India and Singapore.
The latest expansion mandates strengthen Smartworks’ enterprise-focused growth strategy as large organisations increasingly seek flexible, scalable and fully managed workplace solutions.