Smartworks Coworking Spaces Limited

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Real Estate · NSE / BSE

Incorporated in 2015, the company offers customized, fully serviced, and technology-enabled managed office spaces tailored for mid-to-large enterprises, multinational corporations, startups, and Indian corporates. As of March 31, 2024, it has expanded to a leased area of 8 million square feet, catering to 618 clients with a total of 149,660 seats, out of which 8,691 remain unoccupied. One of its key assets includes the Vaishnavi Tech Park in Bengaluru, which spans 0.7 million square feet. The company employs 651 permanent staff members. Its business model revolves around multiple stakeholders. For clients, it delivers customizable workspaces equipped with advanced technology and wellness amenities. For landlords, it transforms their properties into Smartworks campuses, providing long-term lease or rental stability. For employees of client companies, the focus is on wellness-centric work environments that feature cafeterias, gyms, crèches, and medical centers. Additionally, the company enhances its value proposition through service partnerships with well-known brands such as Chaipoint and ClearTax.