Key Facts

case study

By utilizing its strong physical platform, Smartworks, which was founded in 2016, is revolutionizing the Indian office experience by delivering tech-enabled, aesthetically pleasing, fully serviced, flexible, and cheap offices. Smartworks serves more than 400 organizations, including Fortune 500 companies, large enterprises, SMEs, and established unicorns/start-ups, with over 7 million square feet under management across 38 locations in 11 cities (Delhi-NCR, Kolkata, Bengaluru, Jaipur, Indore, Mumbai, Hyderabad, Chennai, and Pune).

We quickly expanded to cover more than 1.2 million square feet across nine cities in only two years. In the previous year, our whole revenue multiplied five times.

According to a senior official who spoke to ET, Smartworks is in discussions with top real estate developers to add 3 million square feet of office space in FY 22–23 across four cities, making its total portfolio the largest among the country's shared space providers at 10 million square feet.

In order to reach a total footprint of 7 million square feet across India by 2021, Smartworks plans to invest Rs 250 crore in 2.5 million square feet of space.

Delhi, Noida, Gurugram, Kolkata, Bengaluru, Mumbai, Hyderabad, Chennai, and Pune are all places where Smartworks has activities. It primarily targets major corporations, and its customers often book 250–300 seats.

Keppel Land, a Singapore-based company, invested $25 million in Smartworks Coworking Space in 2019 for a minority ownership. The company offers flexible space solutions.

Smartworks has taken advantage of this chance and pushed to give Fortune 500 organizations and other large corporations an unrivaled office experience.

Agility, affordability, community collaboration, and the growing focus of established corporations on various demands are driving factors in the market demand, and Smartworks has been a pioneer in providing these essential elements.

With the straightforward mission statement, "Create office spaces where people 'want' to go, not just 'have' to go," Smartworks seeks to transform India's workplaces