Gurugram : Smartworks Coworking Spaces Limited (“Smartworks” or “the Company”), India’s largest managed office platform by total area under management, has expanded its engagement with L&T Technology Services (LTTS), a global leader in AI, Digital & ER&D Consulting Services, through the addition of over 1,100 seats in Pune.
With this expansion, LTTS’s managed office portfolio with Smartworks has grown to over 2,750 seats across cities, reflecting the continued growth of a long-standing, multi-city enterprise engagement.
The combined expected rental revenue from these locations is estimated at ~INR 115 Cr., which includes the Pune expansion of ~INR 55 Cr. for a tenure of 60 months.
Commenting on the development, Neetish Sarda, Founder and Managing Director, Smartworks, said: “Enterprise workplace decisions are increasingly being driven by flexibility, speed and the confidence to scale. Our managed campuses deliver exactly that. This expansion reflects the trust our clients place in our ability to deliver customised workplaces with operational excellence and the agility to support their evolving business requirements.”
This expansion is consistent with Smartworks’ strong positioning in the large-format enterprise segment. Notably, clients with more than 1,000 seats contribute approximately 37% of Smartworks’ total rental revenue.
This engagement further reinforces Smartworks’ leadership in this segment, where enterprise clients contribute ~90% of total revenue, reflecting the Company’s position as the platform of choice for large organisations seeking managed, scalable workspace solutions.
