In a major development in the managed workspace sector, Smartworks Coworking Spaces Limited has expanded its multi-city engagement with a Forbes 2000 client, adding 1,150 new seats at its managed campus in Navi Mumbai. The new seats are located at Tata Intellion Park, strengthening the company’s enterprise portfolio.
With this expansion, the client’s total footprint with Smartworks has crossed 5,000 seats across 4 major cities, including Bengaluru, Kolkata, Hyderabad, and Mumbai. All locations are part of managed campus facilities.
The deal is expected to generate significant revenue. The total rental value across all cities exceeds ₹155 Cr., with the Mumbai addition alone contributing ₹51 Cr. As per company data, committed rental revenue for Q3 FY26 stands at over ₹4,700 Cr.
The agreement highlights Smartworks’ strong presence in the enterprise segment. Clients occupying 1,000+ seats contribute nearly 35% of the company’s revenue, largely driven by enterprise firms and Global Capability Centers. Multi-city clients account for around 31% of overall revenue.
Neetish Sardar, Founder and Managing Director, said, “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.”
Smartworks operates as one of India’s largest managed office platforms, with around 15.30 million sq. ft. under management across 63 centres in 15 cities in India and Singapore. The company manages design, delivery, technology, and daily operations, serving over 770 clients, including large enterprises, GCCs, MNCs, and startups. Its SmartVantage solution is focused on Global Capability Centers, while its model involves transforming large commercial spaces into enterprise-ready campuses.
The expansion reflects growing demand for multi-city, campus-style workspaces as enterprises continue to scale operations across regions.
Stock performance for Smartworks shows: 1 day (-1.28%), 5 days (-3.44%), 1 month (-7.80%), 6 months (-34.21%), 1 year (-17.09%), and 5 years (-17.09%).
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