Smartworks Coworking Spaces Limited has informed the Exchange regarding 'Press Release Smartworks Expands Multi-City Managed Office Deal With Forbes 2000 Global CX Leader ; Client Portfolio Now Spans Four Cities With Over 5,000 Seats ; Expected rental revenue from all locations exceeds INR 155 Cr. '.
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Smartworks Coworking Spaces has announced a major expansion of its managed office deal with a Forbes 2000 global customer experience company. The deal adds 1,150 seats at Tata Intellion Park in Navi Mumbai, bringing the client's total portfolio to over 5,000 seats across Bengaluru, Kolkata, Hyderabad, and Mumbai. The combined expected rental revenue from all locations exceeds INR 155 Cr, including a newly signed Mumbai deal worth INR 51 Cr. As of Q3 FY26, Smartworks reported over INR 4,700 Cr in committed rental revenue. Large-format deployments (1,000+ seat clients) contribute approximately 35% of revenue, while multi-city clients contributed about 31% of Q3 FY26 revenue.
This announcement signals strong enterprise demand for multi-city managed office solutions and reinforces Smartworks' position serving large corporations. The deal adds material committed revenue and demonstrates the company's ability to deepen relationships with global clients, which could be positive for investor sentiment around revenue visibility.