Smartworks Coworking Spaces Limited, India’s largest managed office platform by total area under management, has reached a significant milestone by crossing 10 million sq. ft. of operational portfolio. This achievement marks Smartworks as the first listed flexible workspace provider in India to attain such a scale.
The milestone was achieved following the operationalisation of the Tata Intellion Park centre in Mumbai. The company has recently announced the addition of a Forbes 2000 company at this centre, indicating strong traction in the market.
Neetish Sarda, Founder and Managing Director of Smartworks, highlighted the importance of this milestone, stating that it reflects a structural shift in India’s office market towards managed, campus-led solutions. These solutions offer scale, consistency, and long-term visibility, which are increasingly in demand by enterprises.
Smartworks has evolved into a national-scale enterprise workspace infrastructure platform, serving as an infrastructure partner to enterprises and Global Capability Centres (GCCs). The company enables multi-city expansion with standardised delivery, predictable execution, and consistency of experience.
The company’s growth has been driven by rising adoption from large enterprises and GCCs, with demand shifting towards larger campuses, multi-city deployments, and longer-term commitments. In Q3 FY26, Smartworks reported revenue of approximately ₹472 crore, marking a 34% year-on-year increase. Mature centres operated at around 93% committed occupancy, demonstrating strong demand and stability across its portfolio.
Smartworks caters to a diverse client base, including Forbes 2000 companies, GCCs, large enterprises, and scaling businesses. Its campus-led model of leasing entire buildings and converting them into fully managed workspaces allows enterprises to expand across cities without directly managing real estate operations.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).