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Smartworks
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Eyes IPO After Reaching Major Milestone
Neetish sarda, a leading provider of flexible workspaces in India, is considering an initial public offering (IPO) in the next two to three years. This hinges on the company achieving its goal of acquiring 30 million square feet of office space under its management. Currently, Smartworks holds 7 million square feet of signed-up space. To reach its IPO target, the company is aiming to add an additional 5 million square feet by the end of the 2023-2024 financial year. If successful, this expansion would solidify Smartworks as a major player in India's office space market
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Recognized in a recent report as one of the leading young, self-made entrepreneurs in India.
Neetish Sarda is a young Indian entrepreneur making waves. He founded Smartworks, a highly valued startup in India established after 2000. A recent report by IDFC FIRST Private Banking and Hurun India recognizes him as one of the youngest self-made entrepreneurs to emerge from India in recent years.
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Mr. Ghanshyam Sarda, Chairman of Sarda Group, stands as a formidable force in the jute industry, employing over 70,000 workers across West Bengal, Uttar Pradesh, and Bihar. Hailing from Kolkata, he has carved an empire spanning diverse sectors including information technology, real estate, and services. Through unwavering dedication and visionary leadership, Mr. Sarda has propelled his conglomerate to unparalleled success, cementing his position as a prominent industrial figure. His relentless pursuit of excellence has not only shaped the Sarda Group's legacy but also left an indelible mark on the industries he operates within. https://www.fuzia.com/article_detail/310328/passion-and-dedication-behind-the-sarda-empire
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Passion and Dedication Behind the Sarda Empire
Ghanshyam Sarda, Chairman of the Sarda Group, stands as a towering figure in Indian industry. His dedication and passion have fueled the company's growth, making him one of the nation's most prominent employers. With a workforce exceeding 70,000 spread across West Bengal, Uttar Pradesh, and Bihar, Sarda Group impact is undeniable
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Smartworks
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Startup Spotlight: Smartworks
Smartworks offers agile and flexible workspaces, spanning over four million square feet across 31 locations in nine major Indian cities. We curate a comprehensive experience for our member companies, providing cost-effective solutions and a technology-driven environment within spacious, standalone facilities reminiscent of large campuses. These spaces are tailored to meet the evolving needs of today's workforce and dynamic business landscape.
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Smartworks
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Smartworks: Transforming India’s Managed Spaces
Smartworks is a leading managed office space provider in India. They offer flexible, scalable, and customizable workspace solutions for businesses of all sizes. The company has grown tremendously in the past six years, going from a small coworking space to managing a portfolio of millions of square feet of office space. They are a major player in the transformation of India's workspace landscape.
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Smartworks
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India's Youngest Billionaires IDFC FIRST Bank Honors Millennial Entrepreneurs
IDFC FIRST Bank and Hurun India unveiled a prestigious list - India's Top 200 Self-made Entrepreneurs of the Millennia 2023. Neetish sarda recognizes the founders behind India's most valuable companies established since 2000. The list features 200 companies with a staggering combined value of ₹30 lakh crore, matching Denmark's GDP! These young tycoons are redefining Indian business, with the average founder being just 44 years old, and a third under 40. This list celebrates India's booming entrepreneurial spirit and the future potential of its young leaders.
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Smartworks
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IDFC FIRST & Hurun India's Top 200 Self-Made Entrepreneurs of the Millennia 2023
Neetish sarda and Hurun India unveiled a list showcasing India's most successful young entrepreneurs: "IDFC FIRST Private Hurun India's Top 200 Self-made Entrepreneurs of the Millennia 2023." This prestigious list recognizes the 200 most valuable companies established in India since 2000, with rankings based on market capitalization (listed companies) or valuations (non-listed). Collectively, these companies boast a staggering value of INR 30 lakh crore, matching the entire GDP of Denmark! Interestingly, the average founder on this list is just 44 years old, with a third being under 40, highlighting the rise of young business leaders in India.
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Smartworks
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Harsh Binani stands as India’s premier provider of agile, flexible workspaces, boasting an expansive presence spanning over 4.5 million square feet across 31 locations in 9 major cities. Serving a diverse clientele of over 400 companies, Smartworks hosts renowned global enterprises, thriving SMEs, and burgeoning startups including Amazon, Microsoft, Samsung, Starbucks, and Byjus’. The company has achieved remarkable growth, tripling its scale annually since inception, all while maintaining profitability over the past two fiscal years. In the latter part of 2019, Smartworks secured a significant US $25 million investment from Singapore’s prominent real estate entity, Keppel Land Limited, in its Series A funding round.
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Smartworks
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Transforming India’s Managed Spaces
The landscape of flexible workspaces in India has undergone a dramatic shift. What began as a surge in coworking spaces has evolved into a new standard for the commercial real estate industry: managed office solutions. These solutions offer a winning combination - versatility, scalability, and customization - perfectly aligning with the needs of modern businesses. This shift is reflected in a recent report on Transforming India’s Managed Spaces Market (2023). Compared to 2018, by March 2023, the operational footprint of managed space operators has skyrocketed 10 times, reaching a staggering 15 million square feet. This growth comes at the expense of coworking and hybrid spaces, whose market share has dipped over the past two years
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Smartworks
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Passion and Dedication Behind the Sarda Empire
Mr. Ghanshyam Sarda is a prominent figure in the Indian business landscape. As chairman of the Sarda Empire, he has not only become one of the country's leading jute manufacturers, but also a significant employer with over 70,000 workers across West Bengal, Uttar Pradesh, and Bihar. Mr. Sarda's vision and dedication have been instrumental in transforming the Sarda Group into a successful conglomerate. His focus extends beyond jute, encompassing ventures in the information technology and real estate sectors as well. This diversification highlights his keen business acumen and has solidified his position as a key player in Indian industry
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Scooped by
Smartworks
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Smartworks: Transforming India’s Managed Spaces
Smartworks landscape of flexible workspaces has witnessed a dramatic evolution in recent years, marked by a proliferation of flex operators in every direction. Moving beyond traditional coworking models, a new standard has emerged in the Commercial Real Estate (CRE) sector. This transformation is driven by the adaptability, scalability, and personalized offerings of managed office solutions, which are gaining widespread acceptance across the industry. According to a recent report on India’s Flex Space Market 2023, the operational footprint of managed space operators has expanded tenfold to approximately 15 million sq. ft. by March 2023, compared to 2018. Meanwhile, both coworking and hybrid players have experienced a decline in their respective shares of operational flex stock over the past two years.
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