Gurugram, September 30: Enterprise-focused managed office space provider Smartworks Coworking Spaces Ltd has announced deals worth ₹305 crore from new clients, as demand for managed corporate working spaces grows across India. These new clients include Indian and global corporations, including a technology solutions company, research and consulting major, healthcare company, lifestyle brand and a Global CXM service provider, besides others.
This builds upon the company’s strong order book, with Smartworks already building a formidable revenue of ₹5,400 crore for the first quarter of FY2026-27.
For Smartworks, this represents a strengthening market position after it announced another ₹235 crore in contracted rental revneue from existing clients.
“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.” Neetish Sarda, Founder and Managing Director, Smartworks, said in a press release.
With this, Smartworks now serves more than 760 clients, with 92% of revenue coming from large corporates. The company has expanded its portfolio across prime and upcoming locations in India and abroad. It has secured long term leases from multiple clients, where its office spaces also offer cafeterias, convenience stores and recreation zones allowing corporates and their employees to have everything they need in one place.
