Prime Highlights
- Smartworks has leased 1.66 lakh sq ft of workspace to Wolters Kluwer (India) Pvt. Ltd. at its Marisoft campus in Pune’s Kalyani Nagar.
- Large corporates are increasingly choosing Smartworks’ campus-style, fully serviced workspaces, reflecting rising demand for scale, speed, and consistent workplace experience.
Key Facts
- Enterprise clients requiring 1,000+ seats now contribute 35% of Smartworks’ rental income, up from 12% three years ago.
- Smartworks reported ₹4,248 million in revenue in Q2 FY26, a 21% year-on-year increase, alongside a 46% jump in EBITDA, making the company net-debt negative.
Background
Smartworks Coworking Spaces Limited has leased 1.66 lakh sq ft of workspace to Wolters Kluwer (India) Pvt. Ltd. at its Marisoft campus in Pune’s Kalyani Nagar. The new lease marks a significant addition to Smartworks’ enterprise-led expansion strategy, as large corporates continue to choose managed office campuses over traditional leased offices.
Wolters Kluwer, a Netherlands-based global provider of information, software and professional services, will take up a fully serviced workspace built under Smartworks’ campus-style model. Marisoft campus is a major commercial hub in Pune. It connects easily to the city and attracts skilled talent. The site provides meeting rooms, collaboration areas, recreation spaces, and wellness services to support large teams.
The deal highlights Smartworks’ growing focus on enterprise clients. Demand from companies needing more than 1,000 seats has risen sharply. Such clients contributed around 12% of rental income three years ago, but they now account for nearly 35%. The company says this shift is driven by enterprises that want scale, speed and consistent workplace experience across cities.
According to Founder and Managing Director Neetish Sarda, Smartworks aims to build unified, tech-enabled campuses that support multi-city expansion. The model has made the company’s revenue more stable. Now, enterprises with multiple locations contribute 30% of the rental income.
This expansion follows Smartworks’ strong Q2 FY26 results. The firm earned ₹4,248 million in revenue, a 21% increase from last year, driven by higher occupancy and better earnings from large campuses. EBITDA grew 46% from last year, and strong cash flow made the company net-debt negative.
Smartworks manages about 12.7 million sq ft of workspace in 14 cities and keeps growing as a top choice for large companies.
