India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,202 Harsh Binani & family ₹2,000 Cr
Market Cap
₹5,542 Cr
SMARTWORKS · NSE
Share Price
₹480.50
-0.83% today
Revenue
₹1,796 Cr
FY 2025-26 · +30.7% YoY
EBITDA
₹1,155 Cr
Margin 64.3%
Net Profit
₹10.54 Cr
FY 2025-26 · +116.3% YoY
P/E (TTM)
193.4x
P/B 10.2x
Authorised capital
₹140 Cr
Registered with MCA
Paid-up capital
₹114.38 Cr
Issued & subscribed
About Smartworks Coworking Spaces Limited
Data last updated:
Smartworks Coworking Spaces Limited is a public limited company based in Delhi, India. It operates in the support services segment of the services sector. It was incorporated on 17 December 2015 and has been in existence for over 11 years.
Its director Harsh Binani and family are #1,202 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN L74900DL2015PLC310656. It is a listed company as per MCA records. Its shares are listed on BSE: 544447 and NSE: SMARTWORKS.
The company has an authorised share capital of ₹140 Cr and a paid-up capital of ₹114.38 Cr. It was formerly known as Smart Work Business Centre Private Limited. It is led by directors including Neetish Sarda (Managing Director) and Harsh Binani (Whole-Time Director).
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Unit No. 305 – 310 Plot No 9 10 & 11 Vardhman Trade Centre Nehru Place, Delhi, India – 110019.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹1,795.81 Cr, a growth of 30.7% compared to the previous year. For the same year it recorded a net profit of ₹10.54 Cr (net margin 0.6%) and EBITDA of ₹1,155.13 Cr (EBITDA margin 64.3%). The net worth stands at ₹530.67 Cr (up 391.9% YoY). Total assets are valued at ₹5,801.49 Cr (up 39.7% YoY).
The company has about 643 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Smartworks. As per MCA filings, the company has open charges of ₹525.43 Cr and satisfied charges of ₹677.07 Cr on record. Court records list 66 cases involving the company, including 42 filed by the company and 24 filed against it; 29 cases are pending. The company has 21 deals on record (11 secondary share transfers, 6 funding rounds, 2 rights issues), with disclosed funding of ₹531.86 Cr; the latest was in July 2025.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website smartworksoffice.com.
Company details
CIN L74900DL2015PLC310656
Registration Number 310656
Incorporation Date 17 December 2015
ROC Delhi
Listing Status Listed - Listed on NSE (SMARTWORKS); Listed on BSE (544447)
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
Name history
Smartworks Coworking Spaces has undergone 2 name changes throughout its history. The company was previously known as Smart Work Business Centre Private Limited, and Smartworks Coworking Spaces Limited. The current legal name is Smartworks Coworking Spaces Limited.
| Company Name | Status |
|---|---|
| Smartworks Coworking Spaces Limited | Current |
| Smart Work Business Centre Private Limited | Previous |
CIN history
Smartworks Coworking Spaces has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L74900DL2015PLC310656, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L74900DL2015PLC310656 | Current |
| U74900DL2015PTC310656 | Previous |
| U74900DL2015PLC310656 | Previous |
| U74900WB2015PTC208896 | Previous |
Key People
Neetish Sarda Managing Director Harsh Binani Whole-Time Director Virusangulam Kumarasamy Subburaj Director Recognitions & Rankings of Smartworks Coworking Spaces
Contact details
Smartworks Coworking Spaces Limited's registered office is in Delhi, Delhi.
- Registered AddressUnit No. 305 – 310 Plot No 9 10 & 11 Vardhman Trade Centre Nehru Place, Delhi, India – 110019
- IndustryService, Other Support Services
Comprehensive company report
Smartworks Coworking Spaces Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Smartworks Coworking Spaces operates one associated brand: Smartworks. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Ready-to-use office spaces with integrated technology and amenities are operated. | smartworksoffice.com |
Business activity
The main business activity of Smartworks Coworking Spaces is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Smartworks Coworking Spaces Limited, buy the company report.
Financials of Smartworks Coworking Spaces Limited
FY 2025-26 filings availableSmartworks Coworking Spaces Limited reported revenue of ₹1,795.81 Cr (up 30.7% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹1,796 Cr
+30.7% YoY
EBITDA
₹1,155 Cr
+34.7% YoY
Profit After Tax
₹10.54 Cr
+116.3% YoY
Net Worth
₹531 Cr
+391.9% YoY
Total Assets
₹5,801 Cr
+39.7% YoY
Total Debt
₹4,778 Cr
+27.9% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,796 | 1,374 | 1,039 | 711 | 360 | 280 | 254 |
| Revenue growth | +30.7% | +32.2% | +46.1% | +97.5% | +28.8% | +10.3% | - |
| EBITDA | 1,155 | 857 | 660 | 424 | 206 | 166 | 135 |
| EBITDA margin | +64.3% | +62.4% | +63.5% | +59.6% | +57.2% | +59.5% | +53.1% |
| Profit before tax | 13.86 | (79.46) | (67.62) | (136) | (94.14) | (72.50) | (30.98) |
| Net profit | 10.54 | (64.72) | (49.90) | (101) | (69.90) | (54.18) | (22.40) |
| Net profit margin | +0.6% | -4.7% | -4.8% | -14.2% | -19.4% | -19.4% | -8.8% |
| EPS (₹) | 0.95 | (6.12) | (6.32) | (13.01) | (9.06) | (7.02) | (2.90) |
| Balance sheet | |||||||
| Total assets | 5,801 | 4,153 | 3,758 | 4,165 | 2,513 | 1,266 | 1,174 |
| Net worth | 531 | 108 | 50.00 | 31.46 | 114 | 184 | 238 |
| Total debt | 4,778 | 3,737 | 3,436 | 3,913 | 248 | 134 | 60.97 |
| Cash & bank | 236 | 68.93 | 70.13 | 214 | 102 | 102 | 11.39 |
| Net working capital | (177) | (243) | (124) | 52.35 | (152) | (76.11) | (120) |
| Cash flow | |||||||
| Cash from operations | 1,197 | 929 | 743 | 532 | 216 | 153 | 114 |
| Cash from investing | (499) | (276) | (192) | (307) | (94.65) | (41.41) | (219) |
| Cash from financing | (621) | (638) | (577) | (171) | (109) | (161) | 113 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 546 | 520 | 472 | 425 | 379 | 358 | 352 | 350 |
| Revenue growth (YoY) | +44.1% | +45.0% | +34.2% | +21.2% | +21.0% | - | - | - |
| Other income | 13.42 | 13.02 | 16.02 | 16.28 | 8.78 | 3.62 | 11.79 | 10.47 |
| EBITDA | 346 | 338 | 306 | 270 | 241 | 232 | 218 | 214 |
| EBITDA margin | +63.3% | +65.1% | +64.7% | +63.6% | +63.6% | +64.8% | +62.0% | +61.2% |
| Depreciation | 246 | 234 | 223 | 198 | 174 | 161 | 167 | 160 |
| Interest | 96.10 | 95.06 | 96.80 | 92.80 | 81.46 | 79.50 | 85.31 | 85.85 |
| Profit before tax | 17.57 | 22.24 | 1.56 | (4.40) | (5.57) | (4.94) | (22.28) | (21.09) |
| Tax | 4.42 | 5.62 | 0.32 | (1.25) | (1.37) | 3.36 | (6.26) | (5.27) |
| Net profit | 13.15 | 16.62 | 1.24 | (3.15) | (4.20) | (8.30) | (16.02) | (15.82) |
| EPS (₹) | 1.15 | 1.45 | 0.11 | (0.27) | (0.41) | (0.79) | (1.55) | (1.53) |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,746 | 1,340 | 1,038 | 710 | 360 | 280 | 254 |
| Revenue growth | +30.3% | +29.1% | +46.2% | +97.0% | +28.8% | +10.3% | - |
| EBITDA | 1,119 | 834 | 660 | 425 | 206 | 166 | 135 |
| EBITDA margin | +64.1% | +62.3% | +63.6% | +59.9% | +57.3% | +59.5% | +53.1% |
| Profit before tax | 9.36 | (77.55) | (63.56) | (135) | (93.98) | (72.49) | (30.98) |
| Net profit | 7.00 | (63.27) | (47.42) | (99.92) | (66.86) | (54.16) | (22.40) |
| Net profit margin | +0.4% | -4.7% | -4.6% | -14.1% | -18.6% | -19.4% | -8.8% |
| EPS (₹) | 0.63 | (5.98) | (5.95) | (12.84) | (9.03) | (7.02) | (2.90) |
| Balance sheet | |||||||
| Total assets | 5,755 | 4,137 | 3,763 | 4,166 | 2,513 | 1,266 | 1,174 |
| Net worth | 530 | 113 | 54.38 | 32.89 | 114 | 184 | 238 |
| Total debt | 4,734 | 3,721 | 3,436 | 3,913 | 248 | 134 | 60.97 |
| Cash & bank | 214 | 58.43 | 52.15 | 214 | 102 | 102 | 11.37 |
| Net working capital | (192) | (251) | (124) | 63.77 | (149) | (76.13) | (120) |
| Cash flow | |||||||
| Cash from operations | 1,160 | 903 | 750 | 529 | 214 | 153 | 114 |
| Cash from investing | (492) | (275) | (198) | (304) | (92.74) | (41.41) | (219) |
| Cash from financing | (602) | (624) | (577) | (171) | (114) | (161) | 113 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 528 | 507 | 461 | 414 | 365 | 349 | 340 | 341 |
| Revenue growth (YoY) | +44.7% | +45.2% | +35.5% | +21.2% | +17.9% | - | - | - |
| Other income | 13.72 | 13.00 | 16.40 | 16.66 | 9.14 | 3.85 | 12.31 | 11.01 |
| Total expenses | 194 | 178 | 164 | 152 | 132 | 123 | 130 | 133 |
| EBITDA | 333 | 328 | 297 | 262 | 233 | 226 | 210 | 208 |
| EBITDA margin | +63.2% | +64.8% | +64.3% | +63.2% | +63.9% | +64.8% | +61.7% | +61.0% |
| Depreciation | 239 | 228 | 217 | 192 | 168 | 155 | 161 | 154 |
| Interest | 94.48 | 93.54 | 95.69 | 91.48 | 80.10 | 78.85 | 84.61 | 85.11 |
| Profit before tax | 13.73 | 20.07 | 0.40 | (5.08) | (6.01) | (3.69) | (23.54) | (19.93) |
| Tax | 3.46 | 5.05 | 0.10 | (1.28) | (1.51) | 3.39 | (6.12) | (5.18) |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 01 Nov 2026
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 546 | 520 | 472 | 425 | 379 | 358 | 352 | 350 |
| Revenue growth (YoY) | +44.1% | +45.0% | +34.2% | +21.2% | +21.0% | - | - | - |
| Other income | 13.42 | 13.02 | 16.02 | 16.28 | 8.78 | 3.62 | 11.79 | 10.47 |
| EBITDA | 346 | 338 | 306 | 270 | 241 | 232 | 218 | 214 |
| EBITDA margin | +63.3% | +65.1% | +64.7% | +63.6% | +63.6% | +64.8% | +62.0% | +61.2% |
| Depreciation | 246 | 234 | 223 | 198 | 174 | 161 | 167 | 160 |
| Interest | 96.10 | 95.06 | 96.80 | 92.80 | 81.46 | 79.50 | 85.31 | 85.85 |
| Profit before tax | 17.57 | 22.24 | 1.56 | (4.40) | (5.57) | (4.94) | (22.28) | (21.09) |
| Tax | 4.42 | 5.62 | 0.32 | (1.25) | (1.37) | 3.36 | (6.26) | (5.27) |
| Net profit | 13.15 | 16.62 | 1.24 | (3.15) | (4.20) | (8.30) | (16.02) | (15.82) |
| EPS (₹) | 1.15 | 1.45 | 0.11 | (0.27) | (0.41) | (0.79) | (1.55) | (1.53) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,796 | 1,374 | 1,039 | 711 | 360 | 280 | 254 |
| Revenue growth | +30.7% | +32.2% | +46.1% | +97.5% | +28.8% | +10.3% | - |
| Other income | 54.10 | 35.61 | 73.75 | 32.68 | 33.97 | 30.11 | 7.52 |
| Total expenses | 641 | 517 | 380 | 287 | 154 | 113 | 119 |
| Employee cost | 0.00 | 65.37 | 49.61 | 40.84 | 25.64 | 18.70 | 19.83 |
| EBITDA | 1,155 | 857 | 660 | 424 | 206 | 166 | 135 |
| EBITDA margin | +64.3% | +62.4% | +63.5% | +59.6% | +57.2% | +59.5% | +53.1% |
| Depreciation | 829 | 636 | 473 | 356 | 212 | 172 | 103 |
| Interest | 366 | 336 | 328 | 237 | 122 | 96.51 | 69.82 |
| Profit before tax | 13.86 | (79.46) | (67.62) | (136) | (94.14) | (72.50) | (30.98) |
| Tax | 3.32 | (16.28) | (17.67) | (35.18) | (24.24) | (18.32) | (8.58) |
| Net profit | 10.54 | (64.72) | (49.90) | (101) | (69.90) | (54.18) | (22.40) |
| Net profit margin | +0.6% | -4.7% | -4.8% | -14.2% | -19.4% | -19.4% | -8.8% |
| EPS (₹) | 0.95 | (6.12) | (6.32) | (13.01) | (9.06) | (7.02) | (2.90) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 114 | 103 | 79.01 | 77.69 | 77.20 | 77.20 | 77.20 |
| Reserves & surplus | 416 | 4.69 | (48.82) | (64.82) | 18.51 | 88.52 | 142 |
| Shareholders' funds (net worth) | 531 | 108 | 50.00 | 31.46 | 114 | 184 | 238 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 207 | 389 | 423 | 504 | 233 | 128 | 53.12 |
| Unsecured loans | 4,571 | 3,348 | 3,012 | 3,409 | 14.47 | 5.85 | 7.85 |
| Total debt | 4,778 | 3,737 | 3,436 | 3,913 | 248 | 134 | 60.97 |
| Total liabilities | 5,801 | 4,153 | 3,758 | 4,165 | 2,513 | 1,266 | 1,174 |
| Assets | |||||||
| Gross block | 7,912 | 5,593 | 3,749 | 3,932 | 2,458 | 1,261 | 1,110 |
| Net block | 5,236 | 3,780 | 3,412 | 3,724 | 2,328 | 1,174 | 1,066 |
| Capital work in progress | 58.38 | 139 | 71.86 | 52.14 | 89.15 | 12.97 | 20.56 |
| Investments | 2.18 | 10.96 | 11.28 | 0.00 | 0.00 | 0.00 | 114 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 38.73 | 25.53 | 14.09 | 14.32 | 9.62 | 7.06 | 3.84 |
| Cash & bank balances | 236 | 68.93 | 70.13 | 214 | 102 | 102 | 11.39 |
| Loans & advances | 211 | 161 | 181 | 133 | 83.44 | 42.39 | 49.52 |
| Total current assets | 486 | 255 | 265 | 361 | 195 | 152 | 64.75 |
| Total current liabilities | 662 | 498 | 389 | 309 | 347 | 228 | 185 |
| Net working capital | (177) | (243) | (124) | 52.35 | (152) | (76.11) | (120) |
| Total assets | 5,801 | 4,153 | 3,758 | 4,165 | 2,513 | 1,266 | 1,174 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 11.06 | (3.68) | 22.36 | (32.26) | 9.36 | 58.96 | 0.86 |
| Net cash from operating activities | 1,197 | 929 | 743 | 532 | 216 | 153 | 114 |
| Net cash from investing activities | (499) | (276) | (192) | (307) | (94.65) | (41.41) | (219) |
| Net cash from financing activities | (621) | (638) | (577) | (171) | (109) | (161) | 113 |
| Net change in cash | 76.86 | 14.73 | (26.04) | 54.62 | 12.92 | (49.60) | 8.83 |
| Closing cash | 236 | 68.93 | 70.13 | 214 | 102 | 102 | 11.39 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +30.7% | +32.2% | +46.1% | +97.5% | +28.8% | +10.3% | - |
| EBITDA growth | +34.8% | +30.0% | +55.6% | +105.7% | +24.0% | +23.4% | - |
| PBT growth | +9998.0% | -17.5% | +50.4% | -44.7% | -29.9% | -134.0% | +9997.0% |
| Net income growth | +116.3% | -29.7% | +50.7% | -44.8% | -29.0% | -141.9% | - |
| Revenue CAGR (3Y) | +36.2% | +56.2% | +54.9% | +41.0% | - | - | - |
| EBITDA CAGR (3Y) | +39.7% | +60.8% | +58.3% | +46.6% | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | +0.6% | -4.6% | -4.8% | -14.2% | -19.4% | -19.4% | -8.8% |
| Return on capital employed | - | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Return on net worth | - | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Debt / equity | - | 45.43 | 90.21 | 28.59 | 1.28 | 0.46 | 0.42 |
| Long-term debt / equity | - | 37.29 | 77.35 | 24.36 | 0.61 | 0.28 | 0.25 |
| Interest cover | 112.35 | 152.00 | 175.62 | 349.31 | -2,124.13 | -1,582.13 | 222.92 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 0.34 | 0.27 | 0.22 | 0.19 | 0.24 | 0.41 |
| Inventory turnover | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | - | 69.36 | 73.17 | 59.43 | 43.19 | 51.31 | 67.90 |
| EPS (₹) | 0.95 | (6.12) | (6.32) | (13.01) | (9.06) | (7.02) | (2.90) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 10.45 | 3.82 | 1.66 | 12.40 | 21.47 | 28.45 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 528 | 507 | 461 | 414 | 365 | 349 | 340 | 341 |
| Revenue growth (YoY) | +44.7% | +45.2% | +35.5% | +21.2% | +17.9% | - | - | - |
| Other income | 13.72 | 13.00 | 16.40 | 16.66 | 9.14 | 3.85 | 12.31 | 11.01 |
| Total expenses | 194 | 178 | 164 | 152 | 132 | 123 | 130 | 133 |
| EBITDA | 333 | 328 | 297 | 262 | 233 | 226 | 210 | 208 |
| EBITDA margin | +63.2% | +64.8% | +64.3% | +63.2% | +63.9% | +64.8% | +61.7% | +61.0% |
| Depreciation | 239 | 228 | 217 | 192 | 168 | 155 | 161 | 154 |
| Interest | 94.48 | 93.54 | 95.69 | 91.48 | 80.10 | 78.85 | 84.61 | 85.11 |
| Profit before tax | 13.73 | 20.07 | 0.40 | (5.08) | (6.01) | (3.69) | (23.54) | (19.93) |
| Tax | 3.46 | 5.05 | 0.10 | (1.28) | (1.51) | 3.39 | (6.12) | (5.18) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,746 | 1,340 | 1,038 | 710 | 360 | 280 | 254 |
| Revenue growth | +30.3% | +29.1% | +46.2% | +97.0% | +28.8% | +10.3% | - |
| Other income | 55.19 | 37.38 | 75.26 | 33.15 | 33.97 | 30.11 | 7.52 |
| Total expenses | 627 | 506 | 377 | 285 | 154 | 113 | 119 |
| Employee cost | 0.00 | 60.80 | 47.89 | 40.44 | 25.56 | 18.70 | 19.83 |
| EBITDA | 1,119 | 834 | 660 | 425 | 206 | 166 | 135 |
| EBITDA margin | +64.1% | +62.3% | +63.6% | +59.9% | +57.3% | +59.5% | +53.1% |
| Depreciation | 804 | 615 | 471 | 356 | 212 | 172 | 103 |
| Interest | 361 | 334 | 328 | 237 | 122 | 96.51 | 69.82 |
| Profit before tax | 9.36 | (77.55) | (63.56) | (135) | (93.98) | (72.49) | (30.98) |
| Tax | 2.36 | (15.82) | (16.52) | (35.11) | (24.24) | (18.33) | (8.58) |
| Net profit | 7.00 | (63.27) | (47.42) | (99.92) | (66.86) | (54.16) | (22.40) |
| Net profit margin | +0.4% | -4.7% | -4.6% | -14.1% | -18.6% | -19.4% | -8.8% |
| EPS (₹) | 0.63 | (5.98) | (5.95) | (12.84) | (9.03) | (7.02) | (2.90) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 114 | 103 | 79.01 | 77.69 | 77.20 | 77.20 | 77.20 |
| Reserves & surplus | 415 | 10.17 | (44.44) | (63.39) | 37.07 | 88.53 | 142 |
| Shareholders' funds (net worth) | 530 | 113 | 54.38 | 32.89 | 114 | 184 | 238 |
| Secured loans | 207 | 389 | 423 | 504 | 260 | 128 | 53.12 |
| Unsecured loans | 4,527 | 3,331 | 3,012 | 3,409 | (12.84) | 5.85 | 7.85 |
| Total debt | 4,734 | 3,721 | 3,436 | 3,913 | 248 | 134 | 60.97 |
| Total liabilities | 5,755 | 4,137 | 3,763 | 4,166 | 2,513 | 1,266 | 1,174 |
| Assets | |||||||
| Gross block | 7,795 | 5,530 | 3,740 | 3,932 | 527 | 1,261 | 1,110 |
| Net block | 5,170 | 3,739 | 3,404 | 3,724 | 397 | 1,174 | 1,066 |
| Capital work in progress | 55.94 | 135 | 66.46 | 42.34 | 86.86 | 12.97 | 20.56 |
| Investments | 20.94 | 29.72 | 11.31 | 0.03 | 0.02 | 0.02 | 114 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 34.06 | 24.53 | 13.86 | 14.13 | 10.50 | 7.06 | 3.84 |
| Cash & bank balances | 214 | 58.43 | 52.15 | 214 | 102 | 102 | 11.37 |
| Loans & advances | 206 | 156 | 197 | 141 | 84.91 | 42.39 | 49.52 |
| Total current assets | 453 | 239 | 263 | 369 | 197 | 152 | 64.73 |
| Total current liabilities | 645 | 491 | 387 | 305 | 346 | 228 | 185 |
| Net working capital | (192) | (251) | (124) | 63.77 | (149) | (76.13) | (120) |
| Total assets | 5,755 | 4,137 | 3,763 | 4,166 | 2,513 | 1,266 | 1,174 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.62 | (3.84) | 22.16 | (32.27) | (39.92) | 58.93 | 0.86 |
| Net cash from operating activities | 1,160 | 903 | 750 | 529 | 214 | 153 | 114 |
| Net cash from investing activities | (492) | (275) | (198) | (304) | (92.74) | (41.41) | (219) |
| Net cash from financing activities | (602) | (624) | (577) | (171) | (114) | (161) | 113 |
| Net change in cash | 65.52 | 4.46 | (26.00) | 54.43 | 7.65 | (49.60) | 8.81 |
| Closing cash | 214 | 58.43 | 52.15 | 214 | 102 | 102 | 11.37 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +30.3% | +29.1% | +46.2% | +97.0% | +28.8% | +10.3% | - |
| EBITDA growth | +34.2% | +26.3% | +55.5% | +105.9% | +24.1% | +23.4% | - |
| PBT growth | +9998.0% | -22.0% | +52.9% | -43.5% | -29.7% | -134.0% | +9997.0% |
| Net income growth | +111.1% | -33.4% | +52.5% | -49.5% | -23.5% | -141.8% | - |
| Revenue CAGR (3Y) | +35.0% | +54.9% | +54.8% | +40.9% | - | - | - |
| EBITDA CAGR (3Y) | +38.1% | +59.3% | +58.4% | +46.7% | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | +0.4% | -4.6% | -4.5% | -14.1% | -19.4% | -19.4% | -8.8% |
| Return on capital employed | - | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Return on net worth | - | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Debt / equity | - | 42.66 | 84.20 | 28.27 | 1.28 | 0.46 | 0.42 |
| Long-term debt / equity | - | 35.10 | 72.19 | 24.10 | 0.61 | 0.28 | 0.25 |
| Interest cover | 114.55 | 152.47 | 173.26 | 344.88 | -2,188.91 | -1,584.73 | 222.92 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 0.34 | 0.27 | 0.32 | 0.40 | 0.24 | 0.41 |
| Inventory turnover | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | - | 69.80 | 74.16 | 57.63 | 41.03 | 51.31 | 67.90 |
| EPS (₹) | 0.63 | (5.98) | (5.95) | (12.84) | (9.03) | (7.02) | (2.90) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 10.99 | 4.38 | 1.84 | 14.80 | 21.47 | 28.45 |
To see the full year-wise statements and ratios of Smartworks Coworking Spaces Limited, buy the company report.
Board of directors of Smartworks Coworking Spaces Limited
Smartworks Coworking Spaces has 9 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Neetish Sarda | Managing Director | 17 Dec 2015 | 10 Years 10 Months | Current |
| Harsh Binani Also directs: SNS Infrarealty LLP, Smartworks Tech Solutions Private Limited, Smartworks Office Services Private Limited and 5 more | Whole-Time Director | 01 Oct 2019 | 7 Years 1 Months | Current |
| Virusangulam Kumarasamy Subburaj | Director | 16 Jul 2024 | 2 Years 3 Months | Current |
| Kiam Kheong Ho Also directs: Kapstone Constructions Private Limited, Keppel Real Estate India Private Limited, Bangalore Tower Private Limited and 5 more | Director | 16 Jul 2024 | 2 Years 3 Months | Current |
| Rajeev Rishi Also directs: Ind Fund Management Ltd | Director | 16 Jul 2024 | 2 Years 3 Months | Current |
| Pushpa Mishra Also directs: Nexome Capital Markets Limited, Lend Lease Company (India) Limited, Nexome Capital Services Limited and 1 more | Director | 03 Aug 2024 | 2 Years 2 Months | Current |
Showing 6 of 9 current directors. View all directors
Charges & borrowings
Open charges
₹525.43 Cr
Satisfied charges
₹677.07 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Jul 2026 | 101339212 | Hdfc Bank Limited | ₹17 Lakh | Open | |
| 30 Jun 2026 | 101343360 | Hdfc Bank Limited | ₹75.9 Lakh | Open | |
| 30 Jun 2026 | 101343397 | Hdfc Bank Limited | ₹23.03 Lakh | Open | |
| 29 Jun 2026 | 101326518 | Others | ₹50 Cr | Open | |
| 27 Apr 2026 | 101287130 | Others | ₹10 Cr | Open |
To see the full charge records of Smartworks Coworking Spaces Limited, buy the company report.
Total charge records: 43 View all charges
Deals & funding
Smartworks Coworking Spaces Limited has 21 deals on record (11 secondary share transfers, 6 funding rounds, 2 rights issues), with disclosed funding of ₹531.86 Cr; the latest was in July 2025.
Total deals
21
Secondary share transfers
11
Funding rounds
6
Rights issues
2
Convertible or debt financing
1
Disclosed funding
₹531.86 Cr
Deals on record (5 of 21)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2025 | IPO | ₹582.56 Cr | Investors: Baroda BNP Paribas Large & Mid Cap Fund, TATA Mutual Fund - TATA Small Cap Fund, Axis Asset Management AIF Seller: Space Solutions India Pte. Ltd, NS Niketan LLP , SNS Infrarealty LLP |
| Sep 2024 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: SNS Infrarealty LLP |
| Sep 2024 | Secondary share transfer | Undisclosed | Buyer: Ananta Capital, Tusk Investments Limited , 2 individuals Seller: SNS Infrarealty LLP |
| Sep 2024 | Secondary share transfer | Undisclosed | Buyer: Pivotal Enterprises Private Limited , Ananta Capital, an individual Seller: SNS Infrarealty LLP , NS Niketan LLP |
| Jan 2024 | Funding round | ₹168.64 Cr | Investors: Space Solutions India Pte Limited, Ananta Capital, Anshu Gupta Exempt Children's Trust |
To see the full deal history of Smartworks Coworking Spaces Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Smartworks Coworking Spaces Limited has 66 court cases on record: 42 filed by Smartworks Coworking Spaces, 24 filed against it. 29 cases are pending and 37 are disposed.
Total cases
66
Filed by the company
42
Filed against the company
24
Pending
29
Disposed
37
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 45 | 17 | 22 |
| High courts | 20 | 7 | 7 |
| NCLAT | 1 | 0 | 0 |
Cases on record (5 of 66)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Commercial suit | Filed against the company by M/S Perfmon Consulting Pvt. Ltd. | Pending |
| District court, Gurugram, Haryana | Civil suit | Filed against the company by M/S Shree Shyam Designs Pvt Ltd Through Its Ar | Pending |
| District court, Gurugram, Haryana | Commercial suit | Filed by the company against Kahan International Pvt Ltd Etc | Pending |
| High Court for State of Telangana | Arbitration matter | Filed by the company against M/S Brane Enterprises Private Limited | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against M/S Vaishnavi Infrastructure Pvt Ltd | Pending |
To see the full case history of Smartworks Coworking Spaces Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Smartworks Coworking Spaces Limited was last rated by Crisil on 11 Jan 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 11 Jan 2021 |
To see the full credit ratings and regulatory alerts of Smartworks Coworking Spaces Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Smartworks Coworking Spaces Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Smartworks Coworking Spaces Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Smartworks Coworking Spaces Limited has 18 board changes on record since 2015: 10 appointments and 8 cessations. The latest: Dilip Deshmukh was appointed as Director on 22 Sep 2026.
Appointed
Dilip Deshmukh was appointed as Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.17 Cr with Charge ID 101339212 was registered on 02 Jul 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.76 Cr with Charge ID 101343360 was registered on 30 Jun 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.23 Cr with Charge ID 101343397 was registered on 30 Jun 2026.
Charges
A charge with Others amounted to Rs. 50.00 Cr with Charge ID 101326518 was registered on 29 Jun 2026.
Appointed
Rajeev Krishnamuralilal Agarwal was appointed as Director.
Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 101287130 was registered on 27 Apr 2026.
Filing
Smartworks Coworking Spaces Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Delhi I.
Charges
A charge registered on 30 Jan 2025 via Charge ID 101037873 with Indian Bank was fully satisfied on 16 Mar 2026.
Charges
A charge with Others amounted to Rs. 75.00 Cr with Charge ID 101239872 was registered on 17 Feb 2026.
Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 101250799 was registered on 17 Feb 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.19 Cr with Charge ID 101249780 was registered on 13 Feb 2026.
81 earlier events are in the company report.
News
SMARTWORKS: Q2 CONS NET PROFIT 256M RUPEES VS LOSS 31M (YOY)
SMARTWORKS: Q2 REVENUE 5.9B RUPEES VS 4.25B (YOY)
SMARTWORKS: Q2 EBITDA 3.8B RUPEES VS 2.7B (YOY); Q2 EBITDA MARGIN 63.85% VS 63.58% (YOY)
Smartworks: Increases FY27 Revenue Growth Forecast To 33–35% From Previous 28–30%
Smartworks Coworking Spaces: Signs New Office Deals Worth ₹305 Crore, Total Contracted Revenue Reaches ₹540 Crore
Frequently asked questions
Smartworks Coworking Spaces is an active public limited company based in Delhi, India. The company works in other support services, within the service industry. It was incorporated on 17 December 2015 (11+ years old) and is registered under CIN L74900DL2015PLC310656. Listed on BSE: 544447 and NSE: SMARTWORKS.
Smartworks Coworking Spaces reported revenue of ₹1,795.81 Cr for FY 2025-26 (up 30.7% YoY) based on consolidated financials.
Smartworks Coworking Spaces has 9 current directors:
- Neetish Sarda - Managing Director
- Harsh Binani - Whole-Time Director
- Virusangulam Kumarasamy Subburaj - Director
- Kiam Kheong Ho - Director
- Rajeev Rishi - Director
- Pushpa Mishra - Director
- Atul Gautam - Director
- Rajeev Krishnamuralilal Agarwal - Director
- Dilip Deshmukh - Director
The latest financial statements of Smartworks Coworking Spaces on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 29 September 2025. Year-wise statements from FY 2016 are in the company report.
The CIN (Corporate Identification Number) of Smartworks Coworking Spaces is L74900DL2015PLC310656. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Smartworks Coworking Spaces is a listed company as per MCA records. Its shares are listed on both BSE (code: 544447) and NSE (symbol: SMARTWORKS).
Smartworks Coworking Spaces has 66 court cases on record: 42 filed by the company and 24 filed against it. 29 are pending. Most are in the district courts.
Smartworks Coworking Spaces was incorporated on 17 December 2015, making it 11+ years old. It is registered with the Registrar of Companies, Delhi.
Smartworks Coworking Spaces has 21 deals on record (11 secondary share transfers, 6 funding rounds, 2 rights issues), with disclosed funding of ₹531.86 Cr; the latest was in July 2025.
Dilip Deshmukh was appointed as Director on 22 Sep 2026. Rajeev Krishnamuralilal Agarwal was appointed as Director on 25 Jun 2026. Ho Kiam Kheong ceased to be Nominee Director on 31 Aug 2025. Smartworks Coworking Spaces has 18 board changes on record in total.
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