Smartworks Coworking Spaces Limited has announced the signing of new leasing engagements with large corporate clients across multiple cities, adding approximately INR 305 crore in incremental contracted rental revenue. The announcement was made from Gurugram on 30 September 2026.
The value represents leasing rental revenue from engagements of up to 60 months, and builds on the Company's approximately INR 5,400 crore contracted rental revenue base as of June 30, 2026. This follows the recent announcement of approximately INR 235 crore in incremental contracted rental revenue from existing client expansions. Together, the two announcements represent approximately INR 540 crore in incremental contracted rental revenue.
Key Highlights Of The Announcement
Who Is Involved
Smartworks Coworking Spaces Limited, India's largest managed office platform by overall footprint. 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.
What Is Announced
Managed office deals worth approximately INR 305 crore from new clients in incremental contracted rental revenue. In addition to the recently announced approximately INR 235 crore from existing client expansions, totaling approximately INR 540 crore. The incremental revenue is in addition to approximately INR 5,400 crore contracted rental revenue as of June 30, 2026.
When Was It Announced
30 September 2026. The new engagements are for periods of up to 60 months. The contracted rental revenue base of approximately INR 5,400 crore is as of June 30, 2026.
Where Are The Deals
Across multiple cities where Smartworks operates managed campuses. The announcement was made from Gurugram. Smartworks has approximately 16.9 million square feet across 70 centres in 15 cities across India and Singapore as of June 30, 2026.
How Is The Model Structured
The Company strategically secures long-term leases for large, full campuses in prime business locations. Its campuses offer cafeterias, convenience stores, gyms, recreation zones, creches and round-the-clock support. The Company serves over 760 clients with approximately 92% of revenue from large corporates. It has secured expansion pipeline in prime locations for FY27 and FY28, and partially for FY29.
Inside The Announcement - Full Details
Revenue Details
The new sign-ups are adding approximately INR 305 crore in incremental contracted rental revenue. This is in addition to the recently announced approximately INR 235 crore contracted rental revenue from existing client expansions. The incremental contracted rental revenue is in addition to the Company's approximately INR 5,400 crore contracted rental revenue as of June 30, 2026. The value represents leasing rental revenue from engagements of up to 60 months.
Client Mix
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.
Other Important Points
Company Background
Smartworks is India's largest managed office platform by overall footprint, with approximately 16.9 million square feet across 70 centres in 15 cities across India and Singapore as of June 30, 2026. The Company partners with real estate developers to transform large, bare-shell assets into fully managed, enterprise-grade campuses. It primarily serves mid-to-large enterprises and counts 760+ clients including Fortune 500 and Forbes 2000 companies, MNCs, leading Indian conglomerates and unicorns. The Company listed on NSE and BSE on 17 July 2025.
Deal Details
| Point | Details |
|---|---|
| New Client Deals | ~INR 305 crore incremental contracted rental revenue |
| Existing Client Expansions | ~INR 235 crore incremental contracted rental revenue |
| Combined Incremental Revenue | ~INR 540 crore |
| Base Contracted Revenue | ~INR 5,400 crore as of June 30, 2026 |
| Tenure Of Engagements | Up to 60 months |
| Date Of Announcement | 30 September 2026, Gurugram |
What It Means For Smartworks
The two announcements together represent approximately INR 540 crore in incremental contracted rental revenue, reflecting both addition of new clients and deepening of existing relationships. The Company serves over 760 clients with approximately 92% of revenue from large corporates and has secured expansion pipeline for FY27 and FY28 and partially for FY29.
Conclusion
Smartworks Coworking Spaces Limited on 30 September 2026 announced managed office deals worth approximately INR 305 crore from new clients across multiple cities, with engagements up to 60 months. This is in addition to approximately INR 235 crore from existing client expansions, totaling approximately INR 540 crore incremental revenue over the base of approximately INR 5,400 crore as of June 30, 2026.