Expansion20 Jul 2026, 08:34 am
Smartworks Expands L&T Engagement with 1,100+ Seats in Pune
AI Summary
Smartworks Coworking Spaces Ltd has expanded its managed office space for L&T Technology Services (LTTS) by adding over 1,100 seats in Pune. This brings LTTS's total managed office portfolio with Smartworks to over 2,750 seats across multiple cities. The combined expected rental revenue from these locations is estimated at approximately INR 115 Cr, with the Pune expansion contributing around INR 55 Cr over a 60-month tenure. This expansion highlights Smartworks' strength in the enterprise segment, where large clients contribute significantly to its revenue.
Key Highlights
- Smartworks adds over 1,100 seats for L&T Technology Services in Pune.
- LTTS's total managed seats with Smartworks now exceed 2,750.
- Combined expected rental revenue estimated at ~INR 115 Cr.
- Pune expansion valued at ~INR 55 Cr for 60 months.
- Reinforces Smartworks' leadership in the enterprise managed office segment.
Price Impact
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