Business
Smartworks Plans ₹600-Crore Expansion as Demand for Managed Offices Rises
Smartworks plans to invest up to ₹600 crore in FY27 to expand and upgrade its managed office centres. The company currently has a 16.9-million-sq-ft secured portfolio across 70 centres and is expanding as corporate demand for flexible workspaces increases.
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New Delhi: Smartworks Coworking Spaces plans to invest around ₹550–600 crore in FY27 to expand and upgrade its managed office centres as demand for flexible workplaces continues to grow.
The company currently has a secured portfolio of about 16.9 million sq ft across 70 centres in 15 cities in India and Singapore. It has also signed up more than 3.5 million sq ft of additional space that is either under construction or planned for development.
Expansion Across Centres
The planned investment will cover both new centres and refurbishment of existing facilities. Smartworks had invested nearly ₹400 crore in capital expenditure during the previous financial year.
The company provides fully managed office spaces with facilities such as cafeterias, gyms, childcare centres, convenience stores and recreational areas.
Strong Corporate Demand
Smartworks serves more than 760 clients, including multinational companies, large Indian businesses, Fortune 500 companies and start-ups. More than 1.5 lakh professionals use its centres every day.
The company said about 92% of its revenue comes from enterprise clients, while its contracted revenue stands at approximately ₹5,400 crore.
Revenue Growth
Smartworks reported ₹559.66 crore in total income for the April-June 2026 quarter, up 44% from the same period a year earlier. It also posted a consolidated net profit of ₹13.14 crore, compared with a loss of ₹4.19 crore in the year-ago quarter.
Editorial Insight | Signature Media News
The planned investment highlights the growing demand for managed and flexible office spaces in India. As companies increasingly look for scalable workplaces without taking on traditional office-management responsibilities, operators such as Smartworks are expanding their networks to serve large corporate clients.
Sources: Official statements, regulatory filings, government documents, company disclosures and credible media reports.
The company currently has a secured portfolio of about 16.9 million sq ft across 70 centres in 15 cities in India and Singapore. It has also signed up more than 3.5 million sq ft of additional space that is either under construction or planned for development.
Expansion Across Centres
The planned investment will cover both new centres and refurbishment of existing facilities. Smartworks had invested nearly ₹400 crore in capital expenditure during the previous financial year.
The company provides fully managed office spaces with facilities such as cafeterias, gyms, childcare centres, convenience stores and recreational areas.
Strong Corporate Demand
Smartworks serves more than 760 clients, including multinational companies, large Indian businesses, Fortune 500 companies and start-ups. More than 1.5 lakh professionals use its centres every day.
The company said about 92% of its revenue comes from enterprise clients, while its contracted revenue stands at approximately ₹5,400 crore.
Revenue Growth
Smartworks reported ₹559.66 crore in total income for the April-June 2026 quarter, up 44% from the same period a year earlier. It also posted a consolidated net profit of ₹13.14 crore, compared with a loss of ₹4.19 crore in the year-ago quarter.
Editorial Insight | Signature Media News
The planned investment highlights the growing demand for managed and flexible office spaces in India. As companies increasingly look for scalable workplaces without taking on traditional office-management responsibilities, operators such as Smartworks are expanding their networks to serve large corporate clients.
Sources: Official statements, regulatory filings, government documents, company disclosures and credible media reports.
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