Smartworks : New Enterprise Clients deals for NR 305 Crore

Smartworks Coworking Spaces Limited ("Smartworks"), India's largest managed office platform by overall footprint, has announced the signing of new leasing engagements with major corporate clients across multiple cities, securing approximately INR 305 crore in incremental contracted rental revenue. The new deals feature lease tenures of up to 60 months and build upon the company’s base of ~INR 5,400 crore in contracted rental revenue as of June 30, 2026. This milestone closely follows Smartworks' recent announcement of ~INR 235 crore in contracted rental revenue from existing client expansions, bringing the total incremental contracted rental revenue from both announcements to ~INR 540 crore. Key Highlights : * New Client Deal Value: Secured ~INR 305 crore in incremental contracted rental revenue through new client sign-ups across key markets for tenures up to 60 months. *Total Incremental Growth: Combined with recent existing client expansions (~INR 235 crore), the platform has added ~INR 540 crore in total incremental revenue. *Revenue Base: Solidifies a revenue portfolio anchored by an existing ~INR 5,400 crore contracted rental revenue base as of June 30, 2026. * Diverse Corporate Client Base: New sign-ups span diverse sectors, including a technology solutions enterprise backed by a Fortune 500 and Forbes Global 2000 parent company, a research and consulting firm, a healthcare provider, a sportswear and lifestyle brand, and a Global CXM services provider. *Enterprise Dominance: Serving over 760 clients overall, with ~92% of revenue originating from large corporate accounts. *Footprint & Reach: Operates ~16.9 million square feet across 70 centres in 15 cities across India and Singapore as of June 30, 2026. * Future Pipeline: Locked in expansion capacity for prime business locations spanning FY27, FY28, and partially FY29 well ahead of market demand.