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An update from Smartworks Coworking Spaces Limited ( (IN:SMARTWORKS) ) is now available.
Smartworks has expanded its multi-city managed office engagement with a Forbes Global 2000 digital business services and CX leader, adding 1,150 seats at its Tata Intellion Park campus in Navi Mumbai. This takes the client’s total footprint with Smartworks to more than 5,000 seats across Bengaluru, Kolkata, Hyderabad, and Mumbai, underscoring the platform’s appeal to large enterprises seeking consistent, scalable workspace solutions.
The combined expected rental revenue from these locations is projected to exceed INR 155 crore, including INR 51 crore from the new Mumbai deal, and reflects strong demand for campus-style, multi-city deployments. With over INR 4,700 crore of committed rental revenue as of Q3 FY26 and multi-city clients contributing about 31% of revenue, the deal reinforces Smartworks’ long-tenure, enterprise-led positioning in India’s managed office market and its growing role in large-format, multi-city workspace partnerships.
More about Smartworks Coworking Spaces Limited
Smartworks Coworking Spaces Limited is India’s largest managed office platform by total area under management, operating about 15.3 million sq. ft. across 63 centres in 15 cities in India and Singapore. The company leases large commercial buildings and converts them into fully managed, enterprise-grade office campuses for mid-to-large enterprises, including Forbes 2000 firms, GCCs, MNCs, and high-growth startups.
Average Trading Volume: 3,456
Technical Sentiment Signal: Strong Sell
Current Market Cap: 43.2B INR
For an in-depth examination of SMARTWORKS stock, go to TipRanks’ Overview page.