The three component condensation reactions involving 2‐methylbenzothiazole or 2,5‐dimethylbenzothiazole, dialkyl acetylenedicarboxylate, and 2,6‐dimethyl phenol or 2,6‐di‐tert‐butylphenol constitute a novel and one‐pot synthesis of tetrahydropyrrolo[1,2‐a]‐2‐methylbenzothiazoles‐3‐spiro‐1′‐cyclohexa‐2′,5′‐dien‐4′‐one‐4,5‐dicarboxylate derivatives in good yields. The reactions proceeded at room temperature without using any catalyst. This method is very useful to functionalize benzothiazole derivatives in a one‐pot operation.