Smartworks executive discussed the flexible workspace industry's growth and the company's contracted revenue reaching close to 6,000 crore rupees as of June 30th

Wed 30 Sep 2026

Contracted revenue as of June 30

5,400 crore rupees

Revenue from existing customers

235 crore rupees

Revenue from new customers

305 crore rupees

Total contracted revenue approx

6,000 crore rupees

Market penetration

14 to 15 percent

Heard on Live TV News Channel between 10:40:47 - 10:42:02 IST.

• Smartworks described as the largest player by footprint in flexible workspaces, now seen as mainstream enterprise infrastructure rather than a temporary solution.
• The flexible workspace category was practically zero when the business started in 2017 and has grown to over 14-15% penetration of the entire commercial office space market within eight-nine years.
• Contracted revenue stood at 5,400 crore rupees as of June 30th.
• Adding 235 crore rupees from existing customers and 305 crore rupees from new customers takes the total to roughly just shy of 6,000 crore rupees.
• A question was raised about the transition toward a managed workspace model and its expected share in FY27 and beyond.

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