Gurugram, April, 2026.

Smartworks Coworking Spaces Limited (“Smartworks” or “the Company”), India’s largest managed office platform by total area under management, has crossed 10 million sq. ft of operational portfolio, becoming the first listed flexible workspace provider in India to achieve this scale.

This milestone follows the operationalisation of the Tata Intellion Park centre in Mumbai. The company recently announced the addition of a Forbes 2000 company at this centre and continues to see healthy traction.

Commenting on the milestone, NeetishSarda, 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.

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.”

Smartworks’ growth has been driven by rising adoption from large enterprises and Global Capability Centres (GCCs), with demand shifting towards larger campuses, multi-city deployments, and longer- term commitments.

The company’s performance reflects this momentum. In Q3 FY26, Smartworks reported revenue of ~₹472 crore, up ~34% year-on-year, while mature centres operated at ~93% committed occupancy, indicating strong demand and stability across its portfolio. With this scale and portfolio maturity , Smartworks has entered a phase of cash compounding.

Smartworks caters to a diverse client base that includes Forbes 2000 companies, GCCs, large enterprises, and scaling businesses. Its campus-led model of leasing entire buildings and converting

them into fully managed workspaces, enables enterprises to expand across cities without managing real estate operations directly.