Smartworks expands multi-city managed office deal with Forbes 2000 global CX leader; Client portfolio now spans four cities with over 5,000 seats
Expected rental revenue from all locations exceeds INR 155 Cr.
Smartworks Coworking Spaces Limited (“Smartworks”), India’s largest managed office platform by area under management, today announced the expansion of its multi-city engagement with a Forbes 2000 company and a global leader in digital business services and customer experience (CX) management.
With the addition of 1,150 seats at Smartworks’ managed campus at Tata Intellion Park, Navi Mumbai, the client’s total portfolio with the company now spans Bengaluru, Kolkata, Hyderabad, and Mumbai, taking the overall seat count to over 5,000 seats.
The combined expected rental revenue from these locations is estimated to exceed INR 155 Cr., which includes the newly signed Mumbai managed office deal of INR 51 Cr.
Commenting on the development, Neetish Sarda, Founder and Managing Director, Smartworks, 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.”
The deal also highlights the increasing preference among large enterprises for campus-style, multi-city workspace partnerships, as Smartworks continues to see strong momentum from large-format deployments and enterprise expansion mandates.
A significant share of Smartworks’ portfolio is driven by large-format deployments, with 1,000+ seat clients contributing approximately 35% of revenue, led by enterprise and GCC demand. Multi-city clients contributed ~31% to the company’s overall revenue in Q3 FY26, highlighting the company’s strength in serving enterprises across geographies.
As of Q3 FY26, Smartworks had over INR 4,700 Cr. of committed rental revenue, reinforcing the long-tenure, enterprise-led nature of the business.
Smartworks leases large commercial buildings and converts them into managed office campuses designed for enterprise use. The company manages design, delivery, technology, and daily operations, allowing occupiers to scale efficiently without owning or managing real estate.
