Mumbai, 17 November 2025: Smartworks Coworking Spaces Limited (“Smartworks” or “the Company”), India’s largest managed office platform by total area under management, has leased ~1.66 lakh sq. ft. to Wolters Kluwer (India) Pvt. Ltd., a global leader in information, software solutions and services for professionals in healthcare; tax and accounting; financial and corporate compliance; legal and regulatory; corporate performance and ESG. The office is located at Smartworks’ Marisoft campus in Kalyani Nagar, one of Pune’s key micro-markets.
The Marisoft campus is located in a well-connected commercial cluster with strong social infrastructure and access to a large talent pool. The centre includes collaboration areas, meeting rooms, recreation zones, convenience store, wellness facilities, and tech-enabled workplace infrastructure as part of Smartworks’ campus-led managed office model.
“Enterprises today need scale, speed, and a consistent experience across cities. Our large-format campuses are designed for exactly this. The 1,000+ seats cohort which accounted for about 12% of our rental revenue three years ago, has now almost tripled to 35%, driven by our focus on large, enterprise clients and their need for consolidated, experience-led work environments. Our priority remains delivering unified, tech-enabled campuses that support large teams, and multi-city expansion across locations,” said Neetish Sarda, Founder and Managing Director, Smartworks.
As the pioneer of India’s managed campus model, Smartworks combines scale, flexibility, and value-centricity in a single operating framework. The model allows enterprises to expand across multiple cities, grow within a city, or consolidate fragmented offices into larger, integrated workspaces. Its large-format campuses have also accelerated multi-city client growth, with over 30% of rental revenue now contributed by enterprises operating across multiple locations.
Earlier this month, Smartworks announced strong Q2 FY26 results, reporting a 21% year-on-year increase in revenue to ₹4,248 million, a 46% YoY rise in normalised EBITDA with a healthy 16.4% margin. The company also turned net-debt negative, with operating cash flow of ₹614 million. These results underline Smartworks’ disciplined growth approach and the continued strength of its managed campus model across India’s key office markets.
With a ~12.7 million sq. ft. portfolio across 14 cities, Smartworks has a diverse client base including GCCs, Forbes 2000 companies, multinationals, and Indian enterprises establishing and expanding their operations in India.
