Smartworks Coworking Spaces Ltd.
SMARTWORKS.NS
National Stock Exchange of India451.90
INR
-13.10
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Smartworks Coworking Spaces Ltd.
SMARTWORKS.NS
(National Stock Exchange of India)
Recent
price
451.90
P/E
ratio
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div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Smartworks Coworking Spaces Ltd. owns, operates and leases co-working and managed office spaces across India and Singapore, serving mid-to-large enterprises including Fortune 500 companies, global capability centers, MNCs, Indian corporates and startups with fully serviced, tech-enabled campuses featuring modern designs, high-speed internet, office furniture and amenities such as cafeterias, sport zones, gyms, crèches, medical centers, wellness facilities and smart convenience stores; core offerings encompass serviced office spaces, open-plan desks, private offices, meeting and conference rooms equipped with AV technology, event spaces, virtual offices, value-added services via revenue-sharing partnerships including catering and retail, design and fit-out-as-a-service solutions, facility management and proprietary technology platforms for operational efficiency and client experience enhancement. The company, founded in 2015 and headquartered in Gurugram, Haryana, India, maintains a portfolio of approximately 8.99 million square feet of super built-up area across 50 centers in 15 cities including Bengaluru, Pune, Hyderabad, Kolkata, Noida and Tier-1 clusters, with presence extended to Singapore; it targets enterprise clients requiring scalable, customizable workspaces delivered within 45-60 days through an asset-light model of straight leases, variable rentals and management contracts. Recent developments include the July 2025 initial public offering raising approximately Rs 583 crore for debt repayment, capital expenditures and expansion; launch of SmartVantage in September 2025, a tailored solution for global capability centers offering large-format campuses over 500,000 sq ft, multi-city continuity, rapid deployment and curated partner ecosystems for legal, compliance and talent support; strategic shift toward variable rental models with acquisition of 450,000 sq ft in Gurugram; scaling of high-margin verticals like fit-out services evidenced by a 99,429 sq ft deal with First Source Limited; and a December 2025 lease of 1.68 lakh sq ft in Kolkata to a global IT services firm, alongside ongoing multi-city partnerships and ancillary service cross-selling.