News · Real Estate & PropTech

Smartworks adds ₹305 crore contracted rent

By Startup Enthusiast · 30 September 2026

What they do

Smartworks runs managed offices, with 16.9 million square feet across 70 facilities in 15 cities in India and Singapore

It signed new leases with large Indian and global firms, adding ₹305 crore of contracted rental revenue

Together with last month's ₹235 crore, the recent additions total ₹540 crore on a ₹5,400 crore base

Smartworks sells managed office space: ready-to-use, custom-designed offices that companies rent instead of building their own.
Its main buyers are global capability centres (offshore teams of foreign firms), large enterprises and fast-growing companies; client names include MakeMyTrip, Philips and Persistent Systems.
It earns money by leasing space on flexible terms, plus extras such as food courts, gyms, crèches and medical rooms on its campuses.
It promises to set up a new office in about 60 days, with its own technology platform and a member app to book meeting rooms.
It runs centres in cities such as Bengaluru, Chennai, Delhi, Gurugram, Hyderabad, Noida and Pune, and also in Singapore.