Smartworks Coworking Spaces Limited has expanded its engagement with the Indian subsidiary of a UK-headquartered professional services and technology company through a new office leasing agreement in Pune, as per the exchange filings.
The latest transaction involves over 930 seats, taking the client's overall footprint with Smartworks to more than 1,730 seats across its managed office portfolio.
The additional office space has been leased at one of Smartworks' managed campuses in Pune.
With this expansion, the client's total seat count across Smartworks locations has crossed 1,730 seats, reflecting the continued demand from large global enterprises for managed office solutions.
The agreement has a tenure of 60 months and is expected to generate approximately ₹58 crore in committed rental revenue.
Including the client's existing engagement with Smartworks, the total expected rental commitment now stands at around ₹102 crore.
Smartworks said enterprise customers remain the key driver of its business.
Clients occupying 300 or more seats contribute around 69% of rental revenue, while multi-city clients account for nearly 31% of overall revenue. More than 90% of the company's revenue comes from enterprise customers.
As per the exchange filings, Neetish Sarda, Founder and Managing Director, Smartworks, said: "The continued expansion of global enterprises with us is a strong affirmation of the value our managed campuses deliver. It reflects the confidence that enterprises place in infrastructure built for scale, consistency, and long-term growth."
As of March 31, 2026, Smartworks managed approximately 16.1 million sq. ft. of office space across 66 centres in 15 cities spanning India and Singapore.
The company partners with real estate developers to convert large commercial properties into fully managed office campuses equipped with workspace design, technology infrastructure and workplace services.
Read More: Tata Consultancy Services Share Price Gains Over 4%; Rejigs Leadership, Business Units for AI-Led Deals!
As of 13 July 2026, at 12:07 PM, Smartworks share price was trading at ₹471.25 per share, reflecting a surge of 1.19% from the previous trading session.
The latest expansion strengthens Smartworks' relationship with a global enterprise client while increasing long-term revenue visibility. The transaction also highlights sustained demand for managed office spaces from multinational companies expanding their operations in India.
Want to read stock market updates in Hindi? Angel One News gives comprehensive share market news in Hindi.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jul 13, 2026, 12:50 PM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
