Smartworks Leases Over 930 Seats in Pune to UK Firm Subsidiary; Total Commitment ~₹102 Cr
Smartworks has leased over 930 seats in Pune to the Indian subsidiary of a UK-based firm. This expands the client's total seat count to over 1,730. The new lease commitment is ₹58 Crore, bringing the total combined commitment to approximately ₹102 Crore over 60 months.
The lease adds a substantial number of seats and increases the total committed rental revenue, positively impacting the company's revenue outlook.
The announcement details a significant new lease agreement and expansion of services for an existing client, indicating business growth and strong client relationships.
Smartworks Coworking Spaces Limited has announced a significant expansion with a UK-headquartered global professional services and technology firm's Indian subsidiary in Pune. The company has leased over 930 seats to this client.
This new lease brings the client's total seat count with Smartworks to over 1,730 seats. The 60-month engagement is projected to generate committed rental revenue of approximately ₹58 Crore. When combined with the existing engagement, the total expected rental commitment from this client is estimated at around ₹102 Crore.
Neetish Sarda, Founder and Managing Director of Smartworks, commented that the continued expansion of global enterprises with the company is a strong affirmation of the value its managed campuses deliver, reflecting confidence in infrastructure built for scale, consistency, and long-term growth.
As of March 31, 2026, Smartworks operates with a total footprint of approximately 16.1 million sq. ft. across 66 centers in 15 cities in India and Singapore. The company specializes in partnering with developers to transform large buildings into fully managed enterprise campuses, integrating workspace design, technology, and services.
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Smartworks Coworking Spaces Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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