Business Update21 Apr 2026, 08:27 am
Smartworks Crosses 10 Million Sq. Ft. Operational Portfolio
AI Summary
Smartworks Coworking Spaces Ltd has announced that it has crossed 10 million sq. ft of operational portfolio, making it 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. In Q3 FY26, Smartworks reported revenue of ~₹472 crore, up ~34% year-on-year, while mature centres operated at ~93% committed occupancy.
Key Highlights
- Smartworks reaches 10 million sq. ft. operational portfolio.
- Company reports Q3 FY26 revenue of ~₹472 crore, up ~34% YOY.
- Mature centers operate at ~93% committed occupancy.
- Smartworks is now India's largest managed office platform with ~15.3 million sq. ft.