Smartworks Coworking gains after adding incremental contracted revenue of Rs 235 crore
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 value reflects leasing rental revenue with engagement tenures of up to 60 months and builds on the company's Rs 5,400 crore contracted rental revenue base disclosed as of 30 June 2026.
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.
Smartworks Coworking Spaces provides managed office campuses for large enterprises by leasing commercial buildings and offering integrated workspace solutions. Smartworks manages approximately 16.9 million square feet of office space across 70 centres in 15 cities in India and Singapore, as of 30 June 2026.
The company had reported a consolidated net profit of Rs 13.15 crore in the quarter ended June 2026 as against net loss of Rs 4.20 crore during the previous quarter ended June 2025. Sales increased by 44.05% to Rs 546.25 crore in Q1 FY27 as compared with Q1 FY26.
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