About Smartworks Coworking Spaces Limited
Data last updated: 14 July 2026
Smartworks Coworking Spaces Limited is a public limited company based in Delhi, Delhi, India, recognised as a startup by DPIIT. It specialises in support services, a part of the broader services sector. Incorporated on 17 December 2015, the company has been in operation for over 11 years.
Registered with ROC Delhi under CIN U74900DL2015PLC310656. Listed.
Capital: an authorised share capital of ₹140 Cr and a paid-up capital of ₹114.26 Cr. Formerly known as Smart Work Business Centre Private Limited and Smartworks Coworking Spaces Limited. It is led by directors including Subburaj Virusangulam Kumarasamy and Ho Kiam Kheong.
Last AGM: 29 September 2025. Financial statements filed for year ended 31 March 2025. Office: Unit No. 305 – 310 Plot No 9 10 & 11 Vardhman Trade Centre Nehru Place, Delhi, Delhi, India – 110019.
As per NSE-filed consolidated financials for FY 2026, the company reported a revenue of ₹1,795.81 Cr. The net worth stands at ₹530.68 Cr. Total assets are valued at ₹6,463.62 Cr.
The company has a workforce of approximately 643 employees as per the latest available data.
The company is associated with 1 brand - Smartworks. As per MCA filings, the company has open charges of ₹524.27 Cr and satisfied charges of ₹677.07 Cr on record.
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.
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Registered AddressUnit No. 305 – 310 Plot No 9 10 & 11 Vardhman Trade Centre Nehru Place, Delhi, Delhi, India – 110019
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IndustryService, Other Support Services
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Smartworks Coworking Spaces Limited
Smartworks Coworking Spaces Limited 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, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Smartworks Coworking Spaces Limited | Current |
| Smart Work Business Centre Private Limited | Previous |
CIN History of Smartworks Coworking Spaces Limited
Smartworks Coworking Spaces Limited 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 |
Associated Brands with Smartworks Coworking Spaces Limited
Smartworks Coworking Spaces Limited operates one associated brand: Smartworks. These brands represent Smartworks Coworking Spaces Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Ready-to-use office spaces with integrated technology and amenities are operated. | smartworksoffice.com |
Competitors & Alternatives of Smartworks Coworking Spaces Limited
Brands and companies operating in the same space as Smartworks Coworking Spaces Limited include WeWork, Convene, Industrious and 5 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
WeWork
|
Flexible office and coworking spaces are provided by WeWork globally. | New York, United States, United States | 2010 |
Convene
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Managed co-working spaces with conference rooms and amenities are offered. | New York, United States, United States | 2009 |
Industrious
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Flexible workspace solutions are provided for teams and individuals. | New York, United States, United States | 2013 |
IndiQube
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Flexible workspace solutions are provided for enterprises, startups, and SMBs. | Bengaluru, India, India | 2015 |
DevX
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Managed office spaces and coworking environments are provided for businesses. | Ahmedabad, India, India | 2017 |
BHIVE Workspace
|
Flexible workspace solutions, including coworking and managed offices, are offered. | Bengaluru, India, India | 2014 |
Knotel
|
Managed co-working spaces, desks, and offices are provided by Knotel. | New York, United States, United States | 2015 |
Mindspace
|
Managed co-working spaces are provided for users and landlords. | Tel Aviv, Israel, Israel | 2013 |
Business Activity of Smartworks Coworking Spaces Limited
Smartworks Coworking Spaces Limited is engaged in the principal business activity of support service to organizations, with detailed activities including other support services to organizations.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations | Locked |
Business activity turnover details for Smartworks Coworking Spaces Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
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Auditor Details of Smartworks Coworking Spaces Limited
Smartworks Coworking Spaces Limited is audited by Deloitte Haskins and Sells LLP (ICAI peer reviewed, certificate valid till 2027-07-31) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| Deloitte Haskins and Sells LLP (ICAI peer reviewed, certificate valid till 2027-07-31) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Smartworks Coworking Spaces Limited
Smartworks Coworking Spaces Limited is currently managed by 7 directors, with 9 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Subburaj Virusangulam Kumarasamy
Also directs:
Smartworks Coworking Spaces Limited
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Director | 16 Jul 2024 | 2 Years 0 Months | Current |
|
Ho Kiam Kheong
Also directs:
Smartworks Coworking Spaces Limited, Kapstone Constructions Private Limited, Keppel Real Estate India Private Limited and 5 more
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Director | 16 Jul 2024 | 2 Years 0 Months | Current |
| Atul Gautam | Director | 21 Jun 2024 | 2 Years 1 Months | Current |
| Neetish Sarda | Managing Director | 17 Dec 2015 | 10 Years 7 Months | Current |
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Pushpa Mishra
Also directs:
Smartworks Coworking Spaces Limited, Nexome Capital Markets Limited, Lend Lease Company (India) Limited and 2 more
|
Director | 03 Aug 2024 | 1 Years 11 Months | Current |
|
Rajeev Rishi
Also directs:
Smartworks Coworking Spaces Limited, Ind Fund Management Ltd
|
Director | 16 Jul 2024 | 2 Years 0 Months | Current |
Financials of Smartworks Coworking Spaces Limited FY 2026 filings available
Smartworks Coworking Spaces Limited reported revenue of ₹1,795.81 Cr for FY 2026.
| Metrics | FY 2026 |
|---|---|
| Revenue from Operations | ₹1,795.81 Cr |
| Other Income | ₹54.1 Cr |
| Total Income | ₹1,849.9 Cr |
| Cost of Materials Consumed | ₹0 |
| Purchases of Stock-in-Trade | ₹7.84 Cr |
| Changes in Inventories | ₹0 |
| Employee Benefit Expense | ₹94.86 Cr |
| Finance Costs | ₹366.11 Cr |
| Depreciation & Amortisation | ₹829.26 Cr |
| Other Expenses | ₹537.99 Cr |
| Total Expenses | ₹1,836.05 Cr |
| Profit Before Exceptional Items & Tax | ₹13.85 Cr |
| Exceptional Items | ₹0 |
| Profit Before Tax | ₹13.85 Cr |
| Total Tax Expense | ₹3.32 Cr |
| Net Profit | ₹10.53 Cr |
| Other Comprehensive Income | ₹2.81 Cr |
| Total Comprehensive Income | ₹13.34 Cr |
| EBITDA (computed) | ₹1,209.22 Cr |
| Basic EPS | ₹0.95 |
| Diluted EPS | ₹0.95 |
| Metrics | FY 2026 |
|---|---|
| Total Assets | ₹6,463.62 Cr |
| Non-current Assets | ₹5,978.09 Cr |
| Current Assets | ₹485.53 Cr |
| Property, Plant & Equipment | ₹1,523.39 Cr |
| Inventories | ₹0 |
| Trade Receivables | ₹38.73 Cr |
| Cash & Equivalents | ₹87.92 Cr |
| Equity (Net Worth) | ₹530.68 Cr |
| Equity Share Capital | ₹114.26 Cr |
| Borrowings (Non-current) | ₹135.4 Cr |
| Borrowings (Current) | ₹71.57 Cr |
| Total Debt (computed) | ₹206.97 Cr |
| Current Liabilities | ₹1,396.78 Cr |
| Total Liabilities | ₹5,932.94 Cr |
| Metrics | FY 2026 |
|---|---|
| Operating Cash Flow | ₹1,197.16 Cr |
| Investing Cash Flow | -₹501.36 Cr |
| Financing Cash Flow | -₹620.95 Cr |
| Capital Expenditure | ₹387.95 Cr |
| Free Cash Flow (computed) | ₹809.21 Cr |
| Dividends Paid | ₹0 |
| Net Change in Cash | ₹76.86 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 |
|---|---|---|---|---|
| Revenue from Operations | ₹519.68 Cr | ₹472.13 Cr | ₹424.78 Cr | ₹379.21 Cr |
| Other Income | ₹13.02 Cr | ₹16.02 Cr | ₹16.28 Cr | ₹8.78 Cr |
| Total Income | ₹532.7 Cr | ₹488.15 Cr | ₹441.07 Cr | ₹387.99 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹4.27 Cr | ₹22.7 Lakh | ₹17.1 Lakh | ₹3.17 Cr |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹23.88 Cr | ₹24.53 Cr | ₹23.09 Cr | ₹23.36 Cr |
| Finance Costs | ₹95.06 Cr | ₹96.8 Cr | ₹92.8 Cr | ₹81.46 Cr |
| Depreciation & Amortisation | ₹234.07 Cr | ₹223.27 Cr | ₹198.01 Cr | ₹173.91 Cr |
| Other Expenses | ₹153.18 Cr | ₹141.76 Cr | ₹131.38 Cr | ₹111.67 Cr |
| Total Expenses | ₹510.46 Cr | ₹486.59 Cr | ₹445.45 Cr | ₹393.56 Cr |
| Profit Before Exceptional Items & Tax | ₹22.25 Cr | ₹1.56 Cr | -₹4.39 Cr | -₹5.57 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹22.25 Cr | ₹1.56 Cr | -₹4.39 Cr | -₹5.57 Cr |
| Total Tax Expense | ₹5.63 Cr | ₹31.7 Lakh | -₹1.25 Cr | -₹1.37 Cr |
| Net Profit | ₹16.62 Cr | ₹1.24 Cr | -₹3.14 Cr | -₹4.2 Cr |
| attributable to Owners | - | ₹0 | ₹0 | -₹4.2 Cr |
| attributable to NCI | - | ₹0 | ₹0 | ₹0 |
| Other Comprehensive Income | ₹1.01 Cr | ₹29.4 Lakh | ₹34.2 Lakh | ₹1.16 Cr |
| Total Comprehensive Income | ₹17.63 Cr | ₹1.53 Cr | -₹2.8 Cr | -₹3.03 Cr |
| EBITDA (computed) | ₹351.37 Cr | ₹321.63 Cr | ₹286.42 Cr | ₹249.8 Cr |
| Basic EPS | ₹1.45 | ₹0.11 | ₹-0.27 | ₹-0.41 |
| Diluted EPS | ₹1.45 | ₹0.11 | ₹-0.27 | ₹-0.41 |
| Metrics | FY 2026 |
|---|---|
| Revenue from Operations | ₹1,746.01 Cr |
| Other Income | ₹55.19 Cr |
| Total Income | ₹1,801.21 Cr |
| Cost of Materials Consumed | ₹0 |
| Purchases of Stock-in-Trade | ₹3.73 Cr |
| Changes in Inventories | ₹0 |
| Employee Benefit Expense | ₹88 Cr |
| Finance Costs | ₹360.81 Cr |
| Depreciation & Amortisation | ₹804.26 Cr |
| Other Expenses | ₹535.04 Cr |
| Total Expenses | ₹1,791.83 Cr |
| Profit Before Exceptional Items & Tax | ₹9.37 Cr |
| Exceptional Items | ₹0 |
| Profit Before Tax | ₹9.37 Cr |
| Total Tax Expense | ₹2.36 Cr |
| Net Profit | ₹7.01 Cr |
| Other Comprehensive Income | -₹14.8 Lakh |
| Total Comprehensive Income | ₹6.87 Cr |
| EBITDA (computed) | ₹1,174.43 Cr |
| Basic EPS | ₹0.63 |
| Diluted EPS | ₹0.63 |
| Metrics | FY 2026 |
|---|---|
| Total Assets | ₹6,400.07 Cr |
| Non-current Assets | ₹5,946.66 Cr |
| Current Assets | ₹453.41 Cr |
| Property, Plant & Equipment | ₹1,512.67 Cr |
| Inventories | ₹0 |
| Trade Receivables | ₹34.06 Cr |
| Cash & Equivalents | ₹66.14 Cr |
| Equity (Net Worth) | ₹529.68 Cr |
| Equity Share Capital | ₹114.26 Cr |
| Borrowings (Non-current) | ₹135.4 Cr |
| Borrowings (Current) | ₹71.57 Cr |
| Total Debt (computed) | ₹206.97 Cr |
| Current Liabilities | ₹1,372.26 Cr |
| Total Liabilities | ₹5,870.39 Cr |
| Metrics | FY 2026 |
|---|---|
| Operating Cash Flow | ₹1,159.62 Cr |
| Investing Cash Flow | -₹491.85 Cr |
| Financing Cash Flow | -₹602.26 Cr |
| Capital Expenditure | ₹381.53 Cr |
| Free Cash Flow (computed) | ₹778.09 Cr |
| Dividends Paid | ₹0 |
| Net Change in Cash | ₹65.52 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 |
|---|---|---|---|---|
| Revenue from Operations | ₹506.63 Cr | ₹460.99 Cr | ₹413.61 Cr | ₹364.79 Cr |
| Other Income | ₹13 Cr | ₹16.4 Cr | ₹16.66 Cr | ₹9.14 Cr |
| Total Income | ₹519.63 Cr | ₹477.39 Cr | ₹430.27 Cr | ₹373.92 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹3.73 Cr | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹22.51 Cr | ₹23.1 Cr | ₹21.39 Cr | ₹21.01 Cr |
| Finance Costs | ₹93.54 Cr | ₹95.69 Cr | ₹91.48 Cr | ₹80.1 Cr |
| Depreciation & Amortisation | ₹227.59 Cr | ₹216.86 Cr | ₹191.79 Cr | ₹168.02 Cr |
| Other Expenses | ₹152.2 Cr | ₹141.34 Cr | ₹130.69 Cr | ₹110.81 Cr |
| Total Expenses | ₹499.56 Cr | ₹477 Cr | ₹435.34 Cr | ₹379.94 Cr |
| Profit Before Exceptional Items & Tax | ₹20.07 Cr | ₹39.2 Lakh | -₹5.07 Cr | -₹6.02 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹20.07 Cr | ₹39.2 Lakh | -₹5.07 Cr | -₹6.02 Cr |
| Total Tax Expense | ₹5.05 Cr | ₹9.9 Lakh | -₹1.28 Cr | -₹1.51 Cr |
| Net Profit | ₹15.02 Cr | ₹29.3 Lakh | -₹3.8 Cr | -₹4.5 Cr |
| Other Comprehensive Income | ₹5.8 Lakh | -₹6.2 Lakh | -₹14 Lakh | -₹40,000 |
| Total Comprehensive Income | ₹15.08 Cr | ₹23.1 Lakh | -₹3.94 Cr | -₹4.51 Cr |
| EBITDA (computed) | ₹341.2 Cr | ₹312.94 Cr | ₹278.19 Cr | ₹242.1 Cr |
| Basic EPS | ₹1.31 | ₹0.03 | ₹-0.33 | ₹-0.44 |
| Diluted EPS | ₹1.31 | ₹0.03 | ₹-0.33 | ₹-0.44 |
Board & Governance of Smartworks Coworking Spaces Limited
As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Smartworks Coworking Spaces Limited has 7 directors - 3 independent and 2 executive. The board is chaired by Atul Gautam.
| Director | Position | On board since | Listed boards |
|---|---|---|---|
| Atul Gautam | Non-Executive - Non Independent Director · Chairperson | 2024-06-21 | 1 |
| Neetish Sarda | Executive Director | 2015-12-17 | 1 |
| Harsh Binani | Executive Director | 2019-10-01 | 1 |
| Virusangulam Kumarasamy Subburaj | Non-Executive - Independent Director | 2024-07-16 | 1 |
| Rajeev Rishi | Non-Executive - Independent Director | 2024-07-16 | 1 |
| Puspha Mishra | Non-Executive - Independent Director | 2024-08-03 | 2 |
| Ho Kiam Kheong | Non-Executive - Non Independent Director | 2024-07-16 | 1 |
| Committee | Members |
|---|---|
| Audit Committee | Rajeev Rishi (Chairperson), Virusangulam Kumaramasamy Subburaj, Atul Gautam |
| Nomination and remuneration committee | Virusangulam Kumarasamy Subburaj (Chairperson), Rajeev Rishi, Atul Gautam |
| Stakeholders Relationship Committee | Atul Gautam (Chairperson), Virusangulam Kumarasamy Subburaj, Harsh Binani, Ho Kiam Kheong |
| Risk Management Committee | Rajeev Rishi (Chairperson), Harsh Binani, Neetish Sarda |
| Corporate Social Responsibility Committee | Neetish Sarda (Chairperson), Virusangulam Kumarasamy Subburaj, Harsh Binani |
Charges & Borrowings of Smartworks Coworking Spaces Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Jun 2026 | Others | ₹50 Cr | Open |
| 27 Apr 2026 | Others | ₹10 Cr | Open |
| 17 Feb 2026 | Others | ₹75 Cr | Open |
| 17 Feb 2026 | Others | ₹10 Cr | Open |
| 13 Feb 2026 | Hdfc Bank Limited | ₹19.03 Lakh | Open |
Total charge records: 40 View all charges
Employees and EPFO Compliance at Smartworks Coworking Spaces Limited
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Employee and EPFO history for Smartworks Coworking Spaces Limited
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GST Compliance of Smartworks Coworking Spaces Limited
GST registrations and filing compliance for Smartworks Coworking Spaces Limited
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Credit Ratings, Litigation & Regulatory Alerts for Smartworks Coworking Spaces Limited
Credit ratings, litigation, and regulatory alerts for Smartworks Coworking Spaces Limited
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MSME Payment Delays by Smartworks Coworking Spaces Limited
MSME payment history for Smartworks Coworking Spaces Limited
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Subsidiaries & Group Companies of Smartworks Coworking Spaces Limited
Corporate group structure for Smartworks Coworking Spaces Limited
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MCA Filings & Documents of Smartworks Coworking Spaces Limited
MCA filings and documents for Smartworks Coworking Spaces Limited
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Recent Activity on Smartworks Coworking Spaces Limited
Frequently Asked Questions about Smartworks Coworking Spaces Limited
Smartworks Coworking Spaces Limited is an active public limited company in the service sector based in Delhi, Delhi, India. It was incorporated on 17 December 2015 (11+ years old) and is registered under CIN L74900DL2015PLC310656. The company has 643 employees.
Smartworks Coworking Spaces Limited reported revenue of ₹1,795.81 Cr for FY 2026 based on consolidated NSE filings.
The current directors of Smartworks Coworking Spaces Limited are:
- Subburaj Virusangulam Kumarasamy - Director
- Ho Kiam Kheong - Director
- Atul Gautam - Director
- Neetish Sarda - Managing Director
- Pushpa Mishra - Director
- Rajeev Rishi - Director
- Harsh Binani - Whole-Time Director
The primary industry of Smartworks Coworking Spaces Limited is service. The company specifically operates in other support services. The company is currently active in this sector.
Yes, Smartworks Coworking Spaces Limited is a listed company.
Yes, Smartworks Coworking Spaces Limited is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).