Archive · 20 Jul 2026
Smartworks: India's Largest Managed Office Campus Operator
Smartworks is a company that provides fully managed office campuses for large companies.
It was started by Neetish Sarda and Harsh Binani in 2016 after they were inspired by the large campuses of companies like Google and Microsoft.
Smartworks focuses on leasing large office buildings and fitting them out to serve big enterprises.
Unlike other co-working spaces that target startups and freelancers, Smartworks targets large companies looking for thousands of seats under long-term contracts.
The company has grown steadily and went public in July 2025.
In its first full year as a listed company, Smartworks reported significant revenue growth and its first annual net profit.
The company's success is attributed to its focus on large-format campuses and long-duration contracts, which allow for operational discipline and financial stability.
Smartworks was founded in 2016 by Neetish Sarda and Harsh Binani, inspired by large corporate campuses overseas.
The company focuses on leasing and managing large office buildings for enterprises, MNCs, and GCCs.
Smartworks manages over 10 million sq ft across 66 centers, with a unique model targeting long-term contracts.
The company went public in July 2025 with a Rs 583 crore IPO, listing at a premium and reporting significant revenue growth.
Smartworks reported its first annual net profit of Rs 11 crore in FY26, with a strong financial trajectory and expanding footprint.
- Who
- Smartworks, founded by Neetish Sarda and Harsh Binani, is India's largest listed managed office campus operator.
- What
- Smartworks provides fully managed office campuses for large enterprises, multinational corporations, and global capability centers.
- When
- Smartworks was founded in 2016 and went public in July 2025.
- Where
- Smartworks operates across 66 centers in India and has expanded to Singapore.
- Why
- Smartworks was created to provide large companies with integrated workplaces without the need to own or manage the properties themselves.
Traditional Office Leasing
Flexible Workspace Operators
Target Market
Traditional Office Leasing
Traditional office leasing targets large enterprises with long-term leases and significant upfront costs.
Flexible Workspace Operators
Flexible workspace operators like Smartworks target enterprises and startups with shorter-term, flexible leases and lower upfront costs.
Operational Model
Traditional Office Leasing
Traditional office leasing requires companies to manage their own office spaces, including maintenance and utilities.
Flexible Workspace Operators
Flexible workspace operators provide fully managed campuses, handling all aspects of office management for their clients.
Financial Stability
Traditional Office Leasing
Traditional office leasing can be financially stable but may face challenges with high vacancy rates and long-term lease commitments.
Flexible Workspace Operators
Flexible workspace operators like Smartworks have shown resilience by focusing on large-format campuses and long-duration contracts, leading to steady revenue growth and profitability.
- Founded
- 2016
- Founders
- Neetish Sarda and Harsh Binani
- Total Space Managed
- 10 million sq ft
- Number of Centers
- 66
- IPO Date
- July 2025
- IPO Amount
- Rs 583 crore
- Revenue FY26
- Rs 1,796 crore
- Net Profit FY26
- Rs 11 crore