Smartworks Leases ~1.66 lakh sq ft to Wolters Kluwer in Pune

Smartworks Leases ~1.66 lakh sq ft to Wolters Kluwer in Pune

Gurugram, 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.

About Smartworks Coworking Spaces Limited    

Smartworks Coworking Spaces Ltd. (“Smartworks”) is India’s largest managed office platform, offering fully serviced, tech-enabled, and amenity-rich campuses tailored for enterprises. The company partners with developers to transform entire buildings into branded, ready-to-move workspaces that combine flexibility, scalability, and experience.

Serving 760+ clients across 14 cities in India and Singapore, Smartworks manages ~12.7 Mn sq. ft. with 294,000+ seats as on September 30, 2025. Its campuses integrate world-class amenities — from cafeterias and fitness zones to crèches and wellness centres — redefining how enterprises work and scale.

Safe Harbor Statement  

This press release (the “Release”), prepared by Smartworks Coworking Spaces Limited (the “Company”), is furnished solely for informational purposes and shall not constitute, or be relied upon in connection with, any offer, solicitation, or invitation to subscribe for or purchase any securities of the Company. No securities of the Company will be offered except by means of a statutory offering document that contains detailed information about the Company. 

The information and data contained herein have been compiled from sources the Company believes to be reliable; however, the Company makes no representation or warranty, express or implied, as to the accuracy, completeness, or fairness of such information. This Release is not intended to be all-inclusive, and readers should not rely solely on the information contained herein. The Company expressly disclaims any liability for any loss arising from, or in reliance upon, the whole or any part of the contents of this Release. 

This Release may include forward-looking statements regarding, among other things, the Company’s financial performance, growth prospects, strategy, and market opportunities. These statements involve known and unknown risks, uncertainties, and other factors such as macro-economic conditions, competitive pressures, regulatory changes, technological developments, and execution challenges that could cause actual results, performance, or achievements to differ materially from those expressed or implied herein. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law. Any forward-looking statements or projections attributed to third parties contained in this Release are not endorsed by the Company, which accepts no responsibility for such third-party information.