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Smartworks Coworking Spaces has leased about 1.66 lakh sq ft of office space in Pune to Wolters Kluwer (India), reflecting rising demand from global enterprises for large, consolidated workplaces. Smartworks, which manages 12.7 million sq ft across 14 cities, said its large-format campuses cater to clients seeking scale, speed and consistent experiences. The share of clients occupying more than 1,000 seats has grown from 12% to 35% in three years. Financially, the company's net loss narrowed to INR 3.13 crore in Q2, while income rose 22% to INR 441.06 crore. The deal strengthens Smartworks' position in India's flexible office market amid growing enterprise-focused demand.
Smartworks Coworking Spaces Ltd leased out around 1.66 lakh sq ft of office space in Pune to Wolters Kluwer (India) Pvt Ltd. The coworking firm, which manages close to 12.7 million sq ft with more than 2,94,000 seats across 14 cities as of the end of September 2025, said the new lease aligns with the growing requirement for large, consolidated offices by global enterprises. Advertisement
In its statement, Smartworks noted that Wolters Kluwer (India), a global provider of information and software solutions across sectors including healthcare, tax and accounting, financial and corporate compliance, legal and regulatory, corporate performance and ESG, has chosen the space as part of its workplace strategy.
Neetish Sarda, founder and Managing Director of Smartworks, mentioned that enterprises now require scale, speed and consistent experience across locations, and that Smartworks' large-format campuses are built to cater to such needs. He added that the segment of clients occupying more than 1,000 seats, which contributed around 12 per cent of rental revenue three years ago, has since risen to about 35 per cent due to the company's focus on enterprise-grade work environments.
During the past week, Smartworks reported that its consolidated net loss narrowed to INR 3.13 crore in the second quarter of the current fiscal year, compared with a loss of INR 15.82 crore during the same period last year. Its total income grew by 22 per cent to INR 441.06 crore in the July-September quarter, compared with INR 360.84 crore in the corresponding quarter of the previous fiscal year.
The leasing of a substantial workspace in Pune to Wolters Kluwer (India) underlines Smartworks' continued expansion in India's flexible office market and its ability to meet evolving enterprise requirements. With a sharp rise in demand for large, experience-led campuses and a notable improvement in financial performance during the past quarter, the company appears to be strengthening its position within the managed office segment. The latest transaction further reinforces Smartworks' strategic focus on catering to global and domestic enterprise clients seeking scalable, uniform office environments across major cities.
Source - PTI
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