Smartworks Coworking Spaces Limited added ~₹235 crore in incremental contracted rental revenue through expansion mandates from existing enterprise clients. The announcement on August 24, 2026, highlights deepening commitments from large multinational corporations and Indian conglomerates across multiple cities.

The new contracts feature engagement tenures of up to 60 months and build upon the company's disclosed contracted rental revenue base of ~₹5,400 crore as of June 30, 2026. This incremental revenue reflects leasing rentals from clients including Fortune 500 and Forbes 2000 companies.

Client Profile and Expansion Drivers

The expansion mandates include a global leader in engineering and technology services (a subsidiary of a Fortune India 500 company), the India IT services arm of a Forbes 2000 company, and a Fortune 500 global infrastructure consulting firm. Several of these clients are building advanced technology and AI capabilities out of their India centres.

Neetish Sarda, Founder and Managing Director, stated that the expansions validate the platform's ability to support seamless growth within fully managed campuses. He noted that large organisations seek prime locations, quality infrastructure, and scalable space without the disruption of relocation.

What the Numbers Show

The revenue composition underscores Smartworks' focus on large enterprises. Approximately 92% of the company's revenue is derived from enterprise clients. Additionally, ~35% of revenue comes from multi-city clients, indicating a growing role as a preferred workspace partner for enterprises operating across geographies.

Operational Footprint

As of June 30, 2026, Smartworks reported a total secured footprint of ~16.9 million sq. ft. across 70 centres in 15 cities in India and Singapore. The company strategically secures long-term leases for large campuses in prime business locations.

The company has secured its expansion pipeline in prime locations for FY27 and FY28, with partial capacity locked for FY29. This positions the firm to serve client demand ahead of time.

Smartworks Coworking Spaces smartworks coworking spaces will host representatives at the Nirmal Bang Semi-Annual Investor Conference on August 10, 2026. The event, scheduled for 2:00 PM IST onwards in Mumbai, offers analysts and institutional investors a platform to discuss the company’s performance and outlook. This engagement provides stakeholders with an opportunity to gain insights directly from management regarding the firm's operational trajectory in the flexible workspace sector.

The disclosure was made pursuant to Regulation 30(6) read with Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company notified both the National Stock Exchange of India Limited and BSE Limited of the upcoming interaction.

Event Details

The conference will feature group and one-on-one meetings between the company’s representatives and market participants. The engagement is scheduled to take place in person.

Compliance and Information Scope

Smartworks Coworking Spaces Limited emphasized that no Unpublished Price Sensitive Information (UPSI) will be shared or discussed during the meetings. All interactions will be based solely on publicly available information. The company noted that changes to the schedule may occur due to exigencies on the part of investors, analysts, or the company itself.

The intimation is also available on the company’s website for public reference. Punam Dargar, Company Secretary and Compliance Officer, signed the disclosure.