People · Professional & Local Services

Smartworks appoints two new independent directors

By Startup Enthusiast · 29 June 2026

What they do

Smartworks provides managed office spaces for mid-to-large enterprises

Rajeev Agarwal, former SEBI member, joins as director; Justice Deshmukh recommended

Smartworks plans to acquire Workstudio Spaces in Singapore via its subsidiary, expected to close in July 2026 subject to approvals

Smartworks appointed Rajeev Krishnamuralilal Agarwal as an additional non-executive independent director.
The company recommended Justice (Retd.) Dilip Deshmukh for appointment as a non-executive independent director, subject to shareholder approval.
Rajeev Agarwal is a former SEBI whole-time member and a 1983-batch IRS officer.
At SEBI, he oversaw securities markets, mutual funds, foreign portfolio investments, market intermediaries, surveillance, and enforcement.
Justice Deshmukh is a retired judge and former chairman of the Company Law Board (now NCLT).
He has over 40 years of experience in judiciary and corporate adjudication.
Smartworks also plans to acquire Workstudio Spaces in Singapore through its wholly owned subsidiary Smartworks Space, expected to close in July 2026.

The appointments strengthen Smartworks' board with regulatory and legal expertise.
The acquisition of Workstudio Spaces expands Smartworks' presence in Singapore.
Smartworks recently added over 15,000 sq ft of managed office space at Manulife Tower in Singapore's Central Business District.
Its total Singapore footprint now exceeds 50,000 sq ft.

Smartworks provides managed office spaces primarily for mid-to-large enterprises.
It operates 66 centres across 15 cities in India and Singapore.
As of 31 March 2026, its total space was about 16.1 million sq ft.
It serves over 770 clients, including Fortune 500, Forbes 2000, global capability centres, multinationals, and high-growth Indian businesses.

Smartworks plans to acquire Workstudio Spaces in Singapore through its subsidiary Smartworks Space.
The acquisition is expected to be completed in July 2026, subject to approvals.