Smartworks Invests ₹600 Cr for Major Expansion in India & Singapore
By Business Desk
Smartworks plans a massive ₹600 crore expansion across India and Singapore, driven by strong enterprise demand for flexible workspaces. FY26 revenue reached ₹1,850 crore.
Smartworks Coworking Spaces Ltd. is gearing up to deploy between Rs 550-600 crore this fiscal year, fueling a significant expansion across its existing and new markets. This substantial capital push underscores the robust demand for flexible office solutions from enterprise clients.
Key Investment Figures
- Investment: Rs 550-600 crore
- Purpose: Expansion in India and Singapore
- FY25-26 Revenue: Rs 1,850 crore
- Operational Portfolio: 16.9 million square feet across 70 locations
Neetish Sarda, Managing Director and Founder of Smartworks, confirmed the company has already secured over 3.5 million square feet for future development. The Gurugram-based firm leases entire buildings, transforming them into comprehensive campuses.
Scaling for Enterprise Demand
The model focuses on amenity-rich campuses, offering everything from cafeterias to recreation zones, backed by continuous support. This strategy caters to a diverse client base of over 760, including Fortune 500 companies and Indian conglomerates.
- Daily Users: More than 1.5 lakh professionals
- Typical Agreements: Long-term, 4-5 years
- Enterprise Revenue Share: 92%
- Committed Contracted Revenue: Approximately Rs 5,400 crore
- FY27 Revenue Secured: 87%
Operational Edge and Financial Health
Harsh Binani, Executive Director, highlighted Smartworks’ position as the industry’s largest platform with 10.4 million square feet of operational space. This scale provides significant advantages in landlord negotiations and overall operational costs.
The company also reported a consolidated net profit of Rs 13.14 crore for the quarter ending June 2026, a notable turnaround from a net loss in the same period last year. Total income for April-June 2026-2027 surged by 44% to Rs 559.66 crore.
These financial gains and expansion plans reflect broader market trends, with industry reports from Colliers India and Cushman & Wakefield noting a substantial increase in coworking operators leasing office space during the first half of 2026. The demand for flexible workspaces clearly continues its upward trajectory.