Smartworks Coworking Spaces Ltd

🏢 Smartworks Leases 400+ Seats to Japanese NBFC, Expands Coworking Footprint

- Leased 400+ seats to a Japanese NBFC subsidiary in Mumbai.

- Lease estimated to generate ~₹35 crore over five years.

- Large teams (300+ seats) contribute ~69% of rental revenue, averaging 47-month tenures.

- ~90% of revenue comes from enterprise clients, targeting multinationals & GCCs.

- Operates 66 centers across 15 cities in India and Singapore, covering ~16.1 million sq. ft.

- Serves 770+ clients, emphasizing mid-to-large enterprises.

- Offers SmartVantage, a specialized platform for GCCs expanding in India.