Smartworks Coworking Spaces Limited was originally incorporated as ‘Smart Work Business Centre Private Limited’ at Kolkata as a private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation dated December 17, 2015 issued by the Registrar of Companies, West Bengal at Kolkata. Pursuant to a special resolution dated May 16, 2016 passed by the Shareholders, which was confirmed by an order of the Regional Director (Eastern Region), Ministry of Corporate Affairs dated December 23, 2016, the registered office of the Company was shifted from the state of West Bengal to the National Capital Territory of Delhi with effect from December 30, 2016 and a certificate of registration of Regional Director order for change of state dated January 17, 2017 was issued by the RoC. Consequently, pursuant to a special resolution dated October 29, 2018 passed by the Shareholders, the name of the company was changed from ‘Smart Work Business Centre Private Limited’ to ‘Smartworks Coworking Spaces Private Limited’ to reflect the nature of business and activities of the Company and a fresh certificate of incorporation dated December 20, 2018 was issued by the RoC. Thereafter, the company was converted into a public limited company pursuant to a special resolution dated June 28, 2024, passed by the Shareholders, and consequently the name of the company was changed to its present name i.e., ‘Smartworks Coworking Spaces Limited’ and a fresh certificate of incorporation dated July 25, 2024 was issued by the RoC.

Smartworks Coworking Spaces is an office experience and managed Campus platform. It was the largest managed campus operator, amongst the benchmarked operators in terms of total stock. It strives to make Enterprises and their employees in India more productive at work by providing value-centric pricing and superior office experience vis-a-vis traditional workspaces, with access to enhanced services and amenities. Landlords, especially passive and non-institutional, benefit from the transformation of their bare shell properties into ‘Smartworks’ branded, fully serviced managed Campuses.

It focuses on mid-to-large Enterprises and has built a growing Client base, which includes Indian corporates, MNCs operating in India and startups. It equips its Campuses with modern and aesthetically pleasing designs using its extensive design library, integrated proprietary technology solutions and amenities such as cafeterias, sport zones, Smart Convenience Stores, gymnasiums, creches and medical centres. Some of these amenities take care of the daily needs of the employees of its clients, and some are aspirational in nature, leading to collaborative workspace and team building. These aspects are likely to enhance well-being, fostering a vibrant and engaging work atmosphere.

Business area of the company

The company together with its four subsidiaries is engaged in the business of developing and licensing fully serviced office spaces including rendering of related ancillary services, software development and rendering of design and fit out services. 

Awards, accreditations or recognitions

• 2020: The company was awarded the ‘Co-working Brand of the Year’ award at the Realty+ Conclave & Excellence Awards 2020 South.
• 2020: The company was awarded the ‘Co-working Brand of the Year - Pune’ award at the Realty+ Conclave and Excellence Awards 2020.
• 2021: The company was awarded the ‘Co-working Technology of the Year’ award at the Realty+ Working Summit & Awards 2021.
• 2021: The company was awarded the ‘Co-working Brand of the Year’ award at the Realty+ Conclave & Excellence Awards - 2021 West.
• 2021: The company was awarded the ‘Co-working Project of the Year – North’ certificate at the 13th Annual Awards for Developers, Realtors and Architects - Estate Awards.
• 2021: The company was awarded the ‘Co-working Amenities of the Year’ award at the Realty+ Conclave & Excellence Awards 2021 North.
• 2021: The company received a certificate of recognition in the HURUN India Future Unicorn List 2021.
• 2022: The company was awarded the ‘Co-working Brand of the Year - National’ award at the Realty+ Working Summit & Awards 2022.
• 2022: The company received a certificate of recognition from ASK Private Wealth HURUN India in the Future Unicorn Index 2022.
• 2022: The company was recognised as ‘India's Growth Champion 2022’ by The Economic Times and Statista.
• 2022: The company was awarded the ‘Co-working Firm for Managed Spaces’ award at the Realty+ Conclave & Excellence Awards 2022 - South.
• 2022: The company was awarded the ‘Co-working Technology Innovation of the Year’ award for ‘SW Super App’ at the Realty+ Working Summit & Awards 2022.
• 2022: The company was recognised as one of the ‘Top 500 Asia-Pacific High Growth Companies 2022’ by the Financial Times and Statista.
• 2023: The company was awarded the ‘Co-working Brand of the Year’ award at the Realty+ Conclave & Excellence Awards 2021 - West.
• 2023: The company received a certificate of recognition from ASK Private Wealth HURUN India in the Future Unicorn Index 2023.
• 2023: The company was named among the ‘Top 500 Asia-Pacific High-Growth Companies 2023’ by the Financial Times and Statista.
• 2023: The company was awarded the ‘Managed Offices Brand of the Year’ award at the 15th Realty+ Conclave & Excellence Awards - West.
• 2023: The company was awarded the ‘Enterprise Workspace Provider of the Year’ award at the 15th Realty+ Conclave & Excellence Awards 2023 – West.
• 2023: The company was recognised as “India's Growth Champion 2023” by The Economic Times and Statista.
• 2023: The company was awarded the ‘Best Technology Enabled Flexi Space’ award at the BW Inaugural Flexi Spaces Conclave & Awards 2023.
• 2023: The company was awarded the ‘Best COVID-Measures at a Flexi Space’ award at the BW Inaugural Flexi Spaces Conclave & Awards 2023.
• 2023: The company was awarded the ‘Most Preferred Flexi Space in India’ award at the BW Inaugural Flexi Spaces Conclave & Awards 2023.
• 2024: The company was awarded the ‘Managed Offices Brand of the Year’ award at the Realty+ Flex Spaces Conclave & Excellence Awards 2024.
• 2024: the company was awarded two gold awards at the iNFHRA Flexi Con India Awards for ‘Best Managed Office Brand - Footprint: More than 3 million sq. ft’ and ‘Best Tech Stack (Technology Integration) - Footprint: More than 3 million sq. ft.’.
• 2024: The company was awarded the ‘Managed Space Brand of the Year (National)’ award at the Economic Times Real Estate Awards 2024.

History and milestones

• 2016: Incorporation of the company and commencement of operations.
• 2017: Established Pan-India presence across nine Tier-1 cities with 12 Centres.
• 2018: Pivoted its business model, transitioning from a co-working company to an office experience and managed campus platform by leasing large/ entire properties and working with mid-tolarge Enterprise Clients.
• 2019: Crossed Rs 1,000.00 million in revenue from operations.
• 2019: The Company raised funding of Rs 1,772.19 million, through issuance of CCPS to Space Solutions India Pte. Ltd. (formerly Lisbrine Pte Limited).
• 2020: Launched ‘SW App’ and ‘IoT solutions’ for contactless processes during COVID-19.
• 2021: Its revenue from operations in 2021 was around Rs 3,000.00 million from around Rs 1,000.00 million in Fiscal 2019, which was during COVID-19.
• 2022: Leased its largest center of around 0.70 million square feet located in Vaishnavi Tech Park in Bengaluru.
• 2023: Deutsche Bank A.G., London Branch invested in the company by way of subscribing to 850,000 partly paid-up warrants each of Rs 260 of the company.
• 2023: Opened Centres in four Tier-2 cities namely, Jaipur, Indore, Ahmedabad and Kochi.
• 2024: Launched FaaS to provide tailored design and build solutions for customers’ offices with advance payments from Client.
• 2024: Crossed Rs 10,000.00 million in revenue. 
• 2024: Expanded its business to Singapore by taking two business centres on lease in Singapore pursuant to purchase of certain assets of Keppel Real Estate Services Pte. Ltd. 
• 2024: Raised funding by way of private placements of Rs1,680.00 million from Space Solutions India Pte. Ltd. (formerly Lisbrine Pte. Limited), Ananta Capital Ventures Fund 1, Plutus Capital, and other investors.