Launch · Professional & Local Services

Smartworks expands to Singapore, shares rise

By Startup Enthusiast · 15 June 2026

What they do

Smartworks opened a new 15,000 sq ft centre at Manulife Tower in Singapore's CBD, targeting GCCs and Fortune 500 companies

The company turned profitable in FY26 with net profit of ₹10.5 crore, compared to a loss of ₹63.2 crore the previous fiscal

Shares rose 5% to an intraday high of ₹471.80 on the Singapore expansion news

Smartworks opened a new managed office centre at Manulife Tower in Singapore's Central Business District.
The centre spans 15,000 sq ft and targets GCCs (global capability centres) and Fortune 500 companies.
This is Smartworks' third centre in Singapore, bringing its total footprint in the country to over 50,000 sq ft.
The company's share price rose 5% to an intraday high of ₹471.80 on the news.
Shares closed at ₹469.15, up 4.72% from the previous close.
Smartworks also leased 400 seats to a Japanese NBFC (non-banking financial company) subsidiary in Mumbai for a five-year engagement, expected to generate ₹35 crore in revenue.
It leased a 4.92 lakh sq ft campus in Bengaluru for large-format managed campuses.

Singapore is a strategic priority for Smartworks, serving as a gateway to Asia's dynamic business community, according to MD and CEO Neetish Sarda.
The expansion comes as Smartworks turned profitable in FY26, with a net profit of ₹10.5 crore versus a loss of ₹63.2 crore the previous fiscal.
The company's operating revenue grew 31% YoY to ₹1,795.8 crore in FY26.
Smartworks focuses on tier I markets domestically in Q1 FY27.

Smartworks provides managed office spaces to companies across India and Singapore.
It operates 66 centres covering 16.1 million sq ft across 15 cities.
Its clientele includes 770 companies such as Google, Philips, Groww, L&T, Mahindra Logistics, and MakeMyTrip.
The company makes money by leasing office space and providing management services to tenants.
In Q4 FY26, Smartworks reported revenue of ₹519.7 crore, up 45% YoY, and a net profit of ₹16.6 crore versus a loss of ₹8.3 crore a year ago.