Managed Office Deals Worth ~INR 305 Crore Signed With New Clients

New leasing sign-ups with large corporates add ~INR 305 crore incremental contracted rental revenue, over deals of up to 60 months.

Wed 30 Sep 2026

New contracted rental revenue from new clients

~INR 305 crore

Existing client expansion revenue recently announced

~INR 235 crore

Combined incremental contracted rental revenue

~INR 540 crore

Base contracted rental revenue as of June 30, 2026

~INR 5,400 crore

Total clients and large corporate revenue share

760+ clients; ~92% of revenue from large corporates

What was announced

Smartworks, a managed office platform, said it has signed new leasing engagements with large corporate clients across multiple cities. These add about ~INR 305 crore in incremental contracted rental revenue, representing rental revenue from engagements of up to 60 months.

How the numbers stack up

• New client deals: ~INR 305 crore
• Recently announced existing client expansions: ~INR 235 crore
• Together: ~INR 540 crore incremental contracted rental revenue
• Existing contracted rental revenue base as of June 30, 2026: ~INR 5,400 crore

Who the clients are

The new clients are described as a mix of large Indian and global corporates, including a technology solutions company backed by a Fortune 500 and Forbes Global 2000 parent, a research and consulting major, a healthcare company, a sportswear and lifestyle brand, and a Global CXM services provider, among others.

Business scale

Smartworks serves over 760 clients, with about ~92% of revenue coming from large corporates. As of June 30, 2026 its footprint was ~16.9 million square feet across 70 centres in 15 cities in India and Singapore. The company says it has secured its expansion pipeline in prime locations for FY27 and FY28, and partially for FY29.

How to read it

Contracted rental revenue is revenue committed under signed agreements and is recognised over the life of the contract, not immediately. The incremental amount here is roughly 5.6% of the stated ~INR 5,400 crore base for the new-client deals alone. Management framed the sign-ups as evidence of sustained demand for managed campuses from large corporates.

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