NSEGeneral Updates13 Jul 2026 · 13 Jul 2026, 07:53 am
General Updates
Smartworks Coworking Spaces Limited · SMARTWORKS
✦ AI Summary▲ PositiveOrder Win
Smartworks Coworking Spaces Limited has leased over 930 seats to a UK-headquartered global professional services and technology firm in Pune, increasing its client's total seat count to over 1,730 seats and expected rental commitment to ~INR 102 Cr.
Analysis Scores
Earnings Impact6/10
Growth Catalyst8/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment8/10
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Smartworks Coworking Spaces Limited has informed the Exchange about General Updates
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Date:13th July 2026
To, To,
National Stock Exchange of India Limited BSE Limited (“BSE”)
(“NSE”) Listing Department
Listing Department Corporate Relationship Department
Exchange Plaza, C-1 Block G, Bandra Kurla Phiroze Jeejeebhoy Towers,
Complex Bandra [E], Mumbai – 400051 Dalal Street, Fort, Mumbai - 400 001
NSE Scrip Symbol: SMARTWORKS BSE Scrip Code: 544447
ISIN: INE0NAZ01010 ISIN: INE0NAZ01010
Sub: Press Release – “Indian Subsidiary of UK-Headquartered Professional Services Firm Expands with
Smartworks; Leases Over 930 Seats in Pune”
Dear Sir/ Madam,
Pursuant to the applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (“SEBI LODR”), we are enclosing herewith a Press Release titled “Indian Subsidiary of UK-
Headquartered Professional Services Firm Expands with Smartworks; Leases Over 930 Seats in Pune”. The
contents of the Press Release covers full details.
The said Press Release is also available on the website of the Company at
https://www.smartworksoffice.com/investors/.
This is for information and records.
For Smartworks Coworking Spaces Limited
Punam Dargar
Company Secretary & Compliance Officer
Mem. No.: A56987
Address: Unit No. 305-310, Plot No 9, 10 & 11 Vardhman Trade Centre
Nehru Place, South Delhi-110019
Encl.: As above
Smartworks Coworking Spaces Limited
(Formerly known as Smartworks Coworking Spaces Private Limited)
Regd. Office: Unit No. 305 – 310, Plot No. 9,10, & 11, Vardhman Trade Centre, Nehru Place, South Delhi – 110 019.
Corporate Office: DLF Commercial Building, Block - 3, Zone-6, DLF Phase – 5, Gurugram, Haryana-122002
Phone No: 0124-6919 400
CIN: L74900DL2015PLC310656
Indian Subsidiary of UK-Headquartered Professional Services Firm Expands with
Smartworks; Leases Over 930 Seats in Pune
Client total seat count exceeds 1730; combined expected rental commitment ~INR 102 Cr.
Gurugram, India, July 13, 2026: Smartworks Coworking Spaces Limited ("Smartworks" or "the
Company"), India's largest managed office platform by total area under management, has leased over 930
seats to the India-based subsidiary of a UK-headquartered global professional services and technology firm
in Pune. With this addition, the client's total seat count with Smartworks now stands at over 1,730 seats.
The 60-month engagement is expected to generate committed rental revenue of ~INR 58 Crore. Combined
with the existing engagement, the expected rental commitment is estimated at ~ INR 102 Cr.
Commenting on the development, Neetish Sarda, Founder and Managing Director, Smartworks, said:
"The continued expansion of global enterprises with us is a strong affirmation of the value our managed
campuses deliver. It reflects the confidence that enterprises place in infrastructure built for scale,
consistency, and long-term growth."
Clients with 300 or more seats account for ~69% of Smartworks’ rental revenue, with an average tenure of
~47 months for this cohort. Multi-city clients contribute approximately 31% of overall revenue, reflecting the
depth of platform engagement among Smartworks’ largest enterprise relationships. Over 90% of the
Company’s revenue comes from enterprise clients.
As of March 31, 2026, Smartworks has a total footprint of ~16.1 million sq. ft. across 66 centres in 15 cities
in India and Singapore. The Company partners with developers to lease large buildings and transform them
into fully managed enterprise campuses, integrating workspace design, technology infrastructure, and
workplace services to support collaboration, productivity, and operational efficiency for large organisations.
About Smartworks Coworking Spaces Limited
Smartworks is India's largest managed office platform by total area under management, with a footprint of
~16.1 million square feet across 66 centres in 15 cities across India and Singapore, as on March 31, 2026.
The Company partners with developers to transform large, bare-shell assets into fully managed, enterprise-
grade campuses. Smartworks primarily serves mid-to-large enterprises and counts 770+ clients, including
Fortune 500s, Forbes 2000 names, GCCs, MNCs, and high-growth Indian businesses. The Company also
offers SmartVantage, a GCC-focused solution combining scalable campuses with a curated ecosystem of
partners across legal, compliance, talent, and operational support - enabling rapid and compliant expansion
in India. Smartworks listed on NSE and BSE on 17 July 2025.
Safe Harbour Statement
This press release (the “Release”), prepared by Smartworks Coworking Spaces Limited (the “Company”),
is furnished solely for informational purposes and shall not constitute, or be relied upon in connection with,
any offer, solicitation, or invitation to subscribe for or purchase any securities of the Company. No securities
of the Company will be offered except by means of a statutory offering document that contains detailed
information about the Company. The information and data contained herein have been compiled from
sources the Company believes to be reliable; however, the Company makes no representation or warranty,
express or implied, as to the accuracy, completeness, or fairness of such information. This Release is not
intended to be all-inclusive, and readers should not rely solely on the information contained herein. The
Company expressly disclaims any liability for any loss arising from, or in reliance upon, the whole or any
part of the contents of this Release. This Release may include forward-looking statements regarding,
among other things, the Company’s financial performance, growth prospects, strategy, and market
opportunities. These statements involve known and unknown risks, uncertainties, and other factors such
as macro-economic conditions, competitive pressures, regulatory changes, technological developments,
and execution challenges that could cause actual results, performance, or achievements to differ materially
from those expressed or implied herein. The Company undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information, future events, or otherwise, except as
required by applicable law. Any forward-looking statements or projections attributed to third parties
contained in this Release are not endorsed by the Company, which accepts no responsibility for such third
party information.
For media queries, reach out to:
Anita Sharma
Smartworks Coworking Spaces Limited
PR & Communications
Anita.sharma@sworks.co.in