Smartworks Coworking Spaces rises after bagging managed office deals worth Rs 305 crore
The value represents leasing rental revenue from engagements of up to 60 months and builds on the company's Rs 5,400 crore contracted rental revenue base as of 30 June 2026.
This follows Smartworks' recent announcement of Rs 235 crore in incremental contracted rental revenue from existing client expansions.
The new clients comprise a diverse mix of large Indian and global corporates across sectors, including a technology solutions company backed by a Fortune 500 and Forbes Global 2000 parent, a research and consulting major, a healthcare company, a sportswear and lifestyle brand, and a Global CXM services provider, among others.
Together, the two announcements represent Rs 540 crore in incremental contracted rental revenue, reflecting both the addition of new clients and the deepening of existing relationships.
Neetish Sarda, founder and managing director, Smartworks, said: ?India is witnessing a fundamental shift in how businesses think about their workplaces.
As companies enter new markets and scale across regions, the office can no longer be a constraint on growth; it has to be an enabler of it. What large corporates want today is speed, flexibility and the freedom to focus their capital and attention on their core business rather than on running real estate.
This is why managed workspaces have moved decisively from being an alternative to becoming the default choice. We see this shift accelerating, and we are building Smartworks to lead it.
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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