HCLTech to Acquire Singapore-Based Finergic Solutions The deal is being executed through HCL Singapore Pte Ltd and is expected to close by April 30, 2026.
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HCLTech has announced its plan to acquire Singapore-based consulting firm Finergic Solutions Pte Ltd in a move aimed at strengthening its capabilities in wealth management and financial services.
The deal is being executed through HCL Singapore Pte Ltd, a wholly-owned subsidiary of the Indian IT firm, and is expected to close by April 30, 2026.
Finergic, founded in 2019 and operating for about seven years, specialises in core banking and wealth management transformation. The acquisition will integrate Finergic's expertise into HCLTech's broader digital services framework, particularly in areas involving advanced technology and consulting for financial institutions.
Finergic's co-founders Ganesh Swaminathan, Saravanan Kandaswamy and Senthil Kumar Sekar said, "Over the past several years, Finergic has built a strong reputation in delivering core banking and wealth management transformation programs. Our end-to-end solution capabilities, supported by a highly experienced and skilled team, positions us uniquely within the industry. We are delighted to become a part of HCLTech's amazing growth journey and mark an exciting new chapter for the team at Finergic."
Srinivasan Seshadri, Chief Growth Officer and Global Head of Financial Services at HCLTech, highlighted the strategic value of the acquisition. "With Finergic's focused domain expertise, HCLTech is strategically positioned to strengthen its digital services capabilities in wealth management," he said. "This transformative transaction enables us to deliver advanced capabilities, foster innovation and unlock substantial synergies — empowering our clients to realize greater business outcomes across the financial services landscape."
Financial details of the transaction were not officially disclosed in HCLTech's announcement, though external reports indicate the consideration is around 19 million Singapore dollars.
The acquisition reflects HCLTech's continued focus on broadening its technology and consulting services in global markets.
