• This revenue builds on the Company’s ~INR 5,400 crore contracted rental revenue as of June 30, 2026
  • Expansion mandates include Fortune 500, Forbes 2000 companies and Large Indian Conglomerates

Mumbai, India: Smartworks Coworking Spaces Limited (“Smartworks” or “the Company”), India’s largest managed office platform by overall footprint, has added ~INR 235 crore of incremental contracted rental revenue through expansion mandates from existing clients including Fortune 500 and Forbes 2000 companies, across multiple cities. The value reflects leasing rental revenue with engagement tenures of up to 60 months and builds on the Company’s ~INR 5,400 crore contracted rental revenue base disclosed as of June 30, 2026.

Commenting on the development, Neetish Sarda, Founder and Managing Director, Smartworks, said: “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. That is a decisive advantage for organisations growing at pace. An expansion of this scale, which includes large multinational corporations including Fortune 500 and Forbes 2000 companies, deepening commitments they have already made, reflects the trust and stickiness our model creates. 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.”

The clients 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 are building advanced technology and AI capabilities out of their India centres. The expansions come against the backdrop of a structural shift in India’s office market. As India strengthens its position as a strategic execution hub for global enterprises, demand for flexible, fully managed workspaces continues to rise. At the same time, enterprises are increasingly consolidating workplace requirements with scaled operators that can deliver consistent infrastructure, service standards, and operational efficiency across locations.

~92% of Smartworks’ revenue is derived from enterprise clients, underscoring its position as a platform of choice for large organisations seeking managed, scalable workspace solutions.  ~35% of the Company’s revenue comes from multi-city clients, reflecting its growing role as a preferred workspace and infrastructure partner for enterprises across geographies. The Company has also secured its expansion pipeline in prime locations for FY27 and FY28, and partially for FY29, with capacity locked well ahead of demand, positioning it stronger to serve clients across its markets.

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, so companies and their employees have everything they need in one place. 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.