Mumbai: Smartworks Coworking Spaces Limited has crossed 10 million sq. ft. of operational portfolio, becoming the first listed flexible workspace provider in India to achieve this scale.
The milestone follows the operationalisation of the Tata Intellion Park centre in Mumbai. The company also reported the addition of a Forbes 2000 company at this location, indicating continued enterprise demand.
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Commenting on the development, Neetish Sarda, Founder and Managing Director, Smartworks, said:
“This milestone reflects the structural shift underway in India’s office market, where enterprise demand is moving towards managed, campus-led solutions that offer scale, consistency, and long-term visibility.”
He added, “Over the years, Smartworks has evolved into a national-scale enterprise workspace infrastructure platform. As an infrastructure partner to enterprises and GCCs, we enable multi-city expansion with standardised delivery, predictable execution, and consistency of experience.”
“Achieving this level of operational scale is about the quality of growth anchored in long-tenure enterprise relationships, strong occupancy, and increasing revenue visibility – positioning the business for sustained, compounding growth.”
The company stated that its growth has been driven by increasing adoption among large enterprises and Global Capability Centres (GCCs), with demand shifting towards larger campuses, multi-city deployments, and longer-term commitments.
In Q3 FY26, Smartworks reported revenue of approximately ₹472 crore, reflecting a year-on-year growth of around 34%. Mature centres recorded approximately 93% committed occupancy, indicating sustained demand across its portfolio.
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According to the company, its campus-led model involves leasing entire buildings and converting them into fully managed workspaces, enabling enterprises to expand operations across multiple cities without directly managing real estate.
Smartworks’ client base includes Forbes 2000 companies, GCCs, large enterprises, and scaling businesses.
