Announced Mon, 13 Jul · 07:53 IST
Smartworks Bags 930+ Seat Deal in Pune from UK Firm's India Arm
Compliance View source PDF
SMARTWORKS · price
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Price reaction · full curve 14 horizons · vs prior close
+0.9%1-day move
₹464.45
prior close
₹466.40
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.7+0.5+1.1+0.8+0.9+0.2-0.3-2.0+4.6+5.6————
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AI summary
Smartworks leased over 930 seats in Pune to the India arm of a UK-headquartered professional services firm. The client's total seat count with Smartworks now exceeds 1,730. The 60-month deal brings around INR 58 Cr in committed revenue; combined rental commitment reaches about INR 102 Cr. Smartworks runs 16.1 million sq ft across 66 centres in 15 cities, with over 90 percent revenue from enterprise clients.
Likely market impact
Strong enterprise client addition boosts long-term revenue visibility. Reinforces Smartworks' position as India's largest managed office platform.