Smartworks Completes Acquisition of Singapore-Based Workstudio Spaces, Boosts Portfolio Size and Client Base

Smartworks Completes Acquisition of Singapore-Based Workstudio Spaces, Boosts Portfolio Size and Client Base​

Smartworks Coworking Spaces Limited has successfully completed the acquisition of Workstudio Spaces Pte. Ltd., a Singapore based coworking and flexible workspace provider. The deal, executed through Smartworks Space Pte. Ltd., strengthens Smartworks’ presence within the enterprise workspace market in Singapore and expands its portfolio in one of Asia's key business hubs.

The integration of Workstudio into the Smartworks network has expanded the company's Singapore operations to four centers. This move increases the company's footprint to approximately 76,000 sq. ft., supporting a seating capacity exceeding 1,500 employees. Furthermore, the acquisition brings over 45 clients from diverse industry sectors into the Smartworks Singapore portfolio.

Neetish Sarda, Founder and Managing Director of Smartworks, noted that the acquisition marks an important step in their Singapore journey. He stated that Workstudio complements the existing portfolio and significantly strengthens the offering for enterprise clients in the city, adding to a history where Smartworks doubled its footprint in the market within just two years.

Soroush Ostovari, Sales Director in Singapore, commented on the evolving workspace landscape, noting the clear shift among enterprises toward flexible space as a deliberate choice that delivers quality and scalability. He added that being part of Smartworks offers clients the platform to serve this growing demand at a higher level, citing the strong momentum seen across Singapore's CBD.

The addition of Workstudio further diversifies Smartworks’ offerings in Singapore due to its strategic location and strong connectivity. The company’s portfolio now benefits from locations outside existing sites, with accessibility enhanced by the upcoming Prince Edward MRT station, broadening the addressable client base across key business districts.

Company Overview​

Smartworks Coworking Spaces Limited is recognized as India's largest managed office platform based on total area under management. As of March 31, 2026, the company has a footprint of approximately 16.1 million square feet across 66 centers in 15 cities spanning India and Singapore.

Smartworks specializes in partnering with developers to convert large bare-shell assets into fully managed, enterprise grade campuses, primarily serving mid to large enterprises. The platform currently services over 770 clients, including Fortune 500 companies, Forbes 2000 names, GCCs, MNCs, and high growth Indian businesses. Smartworks also offers SmartVantage, a solution focused on GCC clients that combines scalable campuses with a curated ecosystem of partners across legal, compliance, talent, and operational support.

SMARTWORKS Stock Price Movement​

On Monday, shares of Smartworks Coworking Spaces Limited edged higher after settling at ₹473.05, gaining 0.31%. The equity traded on the day with a volume of 40,243 shares.