Smartworks Expands Multi-City Deal with Global CX Leader; Seat Count Crosses 5,000, Revenue Potential at Rs 155 Crore

Om DSIJ/ 06 Apr 2026 /Categories: Mindshare, Trending

Smartworks Expands Multi-City Deal with Global CX Leader; Seat Count Crosses 5,000, Revenue Potential at Rs 155 Crore

Smartworks expands a Forbes 2000 client mandate to over 5,000 seats across four cities, with combined rental revenue exceeding INR 155 crore

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On Monday, Indian markets opened slightly negative, with the Nifty 50 declining 0.57 per cent to 22,581, compared to its previous close of 22,713. Amid this broader weakness, Smartworks Coworking Spaces’ share price was trading at 376.40, up 0.40 per cent from its previous close of 374.90, as of 10:07 AM on April 6, 2026. The movement comes after the company announced in a filing that it has expanded its multi-city managed office deal with a Forbes 2000 global CX leader

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Smartworks Expands Multi-City Deal; Seat Count Crosses 5,000 with Rs 155 Crore Revenue Potential

Smartworks Coworking Spaces has expanded its multi-city managed office engagement with a Forbes 2000 company and a global leader in digital business services and customer experience (CX) management, taking the total seat count with the client to over 5,000 across four cities.

The latest phase includes the addition of 1,150 seats at the company’s managed campus at Tata Intellion Park in Navi Mumbai. Following this expansion, the client’s presence now spans Bengaluru, Kolkata, Hyderabad, and Mumbai. The combined expected rental revenue from these locations is estimated to exceed Rs 155 crore, including a newly signed Mumbai managed office deal valued at Rs 51 crore.

Smartworks Coworking Spaces Management Commentary

“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.”

Enterprise-Led Demand Drives Revenue; Committed Rental Pipeline Exceeds Rs 4,700 Crore

A significant share of Smartworks’ portfolio is driven by large-format deployments, with clients occupying over 1,000 seats contributing approximately 35 per cent of revenue, supported by strong demand from enterprises and global capability centres (GCCs). Multi-city clients accounted for around 31 per cent of the company’s overall revenue in Q3 FY26, underscoring its ability to serve enterprises across geographies.

As of Q3 FY26, Smartworks had over Rs 4,700 crore of committed rental revenue, reflecting the long-tenure and enterprise-led nature of its business model.

About Smartworks Coworking Spaces

Smartworks Coworking Spaces Limited is India’s largest managed office platform by total stock, offering fully serviced and tech-enabled office campuses for enterprises, typically delivered within 45 to 60 days. As of March 31, 2025, the company had a footprint of 11.79 million sq. ft. across 15 cities, serving 738 clients and over 100,000 employees through 55 centres, of which 46 were operational.