Smartworks, India’s largest managed office platform by area under management, has expanded its presence in Singapore through its wholly owned subsidiary Smartworks Space Pte Ltd.
The company has added 15,000 square feet of managed office space at Manulife Tower in Singapore’s Central Business District (CBD).
With the latest addition, Smartworks’ total footprint in Singapore has crossed 50,000 sq ft, including facilities at Great Eastern Centre and Keppel Bay Tower.
New facility in financial district
The new office space is located in a certified green building above the Telok Ayer MRT station.
The company said the expansion strengthens its presence in one of Singapore’s key commercial districts.
Asset-light business model
Smartworks operates under an asset-light model.
Under this structure:
- The company leases commercial properties.
- It develops fully serviced workspaces.
- Revenue is generated by sub-leasing office space to enterprises and multinational clients.
The company said the capital expenditure required for the fit-out is being funded through internal cash flows.
Focus on international clients
Smartworks serves more than 770 corporate customers, including:
- Fortune 500 companies.
- Forbes 2000 firms.
- Global capability centres (GCCs).
- Multinational corporations.
- Indian businesses.
The Singapore expansion is expected to strengthen its ability to serve clients expanding into Southeast Asia.
Stock details
Smartworks shares were trading at Rs 451.65.
During the session, the stock touched:
- Day’s high: Rs 459.95
- Day’s low: Rs 449
The company has a market capitalisation of Rs 5,199 crore.
Its price-to-earnings ratio stands at 494 times, compared with the industry median of 17.06.
Earnings per share turned positive at Rs 0.92, reversing losses recorded over the previous five years.
Quarterly performance
For Q4 FY26, the company reported:
Revenue
- Rs 2,119 crore.
- Up 29.05% from Rs 1,642 crore in Q4 FY25.
- Up 11.76% from Rs 1,896 crore in Q3 FY26.
Net profit
- Rs 303 crore.
- Up 24.18% year-on-year from Rs 244 crore.
- Up 77.19% quarter-on-quarter from Rs 171 crore.
About the company
As of March 31, 2026, Smartworks had:
- 16.1 million sq ft under management.
- 66 centres across India and Singapore.
- Operations in 15 cities.
The company converts bare-shell properties into managed office campuses and primarily caters to medium and large enterprises.
TL;DR:
Smartworks has expanded its Singapore operations by adding 15,000 sq ft at Manulife Tower. The move takes its total footprint in the city-state to over 50,000 sq ft and strengthens its presence in Southeast Asia.
AI summary
- Smartworks added 15,000 sq ft at Manulife Tower in Singapore.
- Total Singapore footprint has crossed 50,000 sq ft.
- The company follows an asset-light leasing model.
- Q4 FY26 revenue rose 29% to Rs 2,119 crore.
- Net profit increased 24% year-on-year to Rs 303 crore.
