Smartworks Expands Enterprise Deal, Seat Count Crosses 5,000 Across Four Cities

Smartworks Coworking Spaces Limited, one of India’s largest managed office platforms by area under management, has expanded its multi-city partnership with a Forbes 2000 company that is a global leader in digital business services and customer experience management. 

The expansion reflects the growing demand from large enterprises for flexible and scalable office infrastructure across major business hubs.

Expansion Across Multiple Cities

The latest expansion includes the addition of 1,150 seats at Smartworks’ managed campus located at Tata Intellion Park in Navi Mumbai. With this addition, the client’s total portfolio with Smartworks now spans Bengaluru, Kolkata, Hyderabad and Mumbai. The expansion takes the overall seat count for the enterprise client to more than 5,000 seats across these locations.

The collaboration demonstrates how enterprises are increasingly adopting managed office solutions that allow them to scale operations quickly while maintaining operational efficiency across multiple cities.

Revenue Potential from the Partnership

The combined expected rental revenue from these locations is estimated to exceed ₹155 crore. This includes the newly signed managed office deal in Mumbai, which alone is valued at around ₹51 crore. The agreement highlights the rising preference among large corporations for campus-style workspaces and long-term partnerships with managed office providers.

Smartworks has been witnessing strong demand for large-format office deployments, particularly from multinational enterprises and global capability centres looking for integrated workspace solutions.

Enterprise Demand Driving Growth

Large clients with deployments of more than 1,000 seats contribute approximately 35% of Smartworks’ revenue. Additionally, multi-city clients accounted for around 31% of the company’s overall revenue in the third quarter of FY26, reflecting the company’s ability to serve enterprises with distributed operations.

As of Q3 FY26, Smartworks reported over ₹4,700 crore in committed rental revenue, underlining the long-term nature of its enterprise-led business model.

Commenting on the development, Neetish Sarda, Founder and Managing Director, Smartworks, said, “As enterprises expand across regions, they increasingly value consistency in experience, speed of execution, and the ability to scale seamlessly within a single ecosystem. This continued expansion across four cities reflects the strength of the platform we have built and the long-term relationships we continue to deepen with global clients.”

Smartworks Coworking Spaces Share Price Today

On April 6, 2026, Smartworks Coworking Spaces share price opened at ₹374.00, touching the day’s high at ₹384.95, as of 11:19 AM on the NSE.

Conclusion

The latest expansion reinforces Smartworks’ position as a major player in India’s managed office space sector. With strong enterprise demand and multi-city partnerships, the company continues to benefit from the growing shift toward flexible and scalable workplace solutions among large organisations.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a private recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.