Smartworks Leases 1.66 Lakh Sq Ft Office Space to Wolters Kluwer in Pune for Enhanced Enterprise Solutions

Smartworks Coworking Spaces Ltd has leased 1.66 lakh square feet of office space in Pune to Wolters Kluwer India Pvt Ltd. As of September 30, 2025, Smartworks manages 12.7 million square feet with over 2,94,000 seats across 14 cities. The company stated that Wolters Kluwer India is a global leader in providing information and software solutions for professionals in various sectors.

Focus on Large Enterprises

Neetish Sarda, founder and Managing Director of Smartworks, highlighted the company's focus on large enterprises. "Enterprises today need scale, speed, and a consistent experience across cities. Our large-format campuses are designed for exactly this," he said. The cohort of clients requiring over 1,000 seats has increased significantly, now contributing to 35% of rental revenue compared to 12% three years ago.

Financial Performance

Smartworks recently reported a reduction in its consolidated net loss for the second quarter of this fiscal year. The net loss decreased to Rs 3.13 crore from Rs 15.82 crore in the same period last year. Additionally, total income rose by 22%, reaching Rs 441.06 crore during the July-September quarter compared to Rs 360.84 crore in the previous year.

The demand for consolidated and experience-led work environments has driven growth in Smartworks' large enterprise client base. This trend reflects the increasing need for scalable and consistent office solutions across different cities. The company's strategic focus on these requirements has contributed to its improved financial performance and expansion in the coworking sector.

Smartworks' collaboration with Wolters Kluwer India underscores its commitment to providing tailored office spaces for diverse professional needs. By accommodating such global leaders, Smartworks continues to strengthen its position in the coworking industry while meeting the evolving demands of modern enterprises.

With inputs from PTI