SECTOR
Smartworks Coworking Spaces leases over 400 seats to Japanese NBFC subsidiary in Mumbai
Jun-08-2026

Smartworks Coworking Spaces has leased over 400 seats to a Japanese NBFC subsidiary in Mumbai. The five-year engagement is estimated to generate rental revenue of around Rs 35 crore.

This engagement is consistent with Smartworks’ positioning in the large-format enterprise segment. Clients with 300 or more seats account for around 69% of the company’s rental revenue, with an average tenure of around 47 months for this cohort - reflecting the depth and durability of enterprise relationships on the platform. Around 90% of the company’s revenue comes from enterprise clients, reflecting it as the platform of choice for large organisations seeking managed, large-format workspace solutions. 

As of March 31, 2026, Smartworks has a total footprint of around 16.1 million sq. ft., across 66 centres in 15 cities in India and Singapore. As part of its operating model, Smartworks partners with developers to lease large buildings and transform them into fully managed enterprise campuses. 

Smartworks Coworking Spaces is engaged in the business of customized managed workspace solutions, offering fully serviced, tech-enabled office environments with aesthetic designs and essential amenities to meet the specific needs of enterprises and their employees.


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