HCLTech, an Indian IT company, has announced its plans to acquire Finergic Solutions Pte, a Singapore-based IT services and consulting firm, for approximately Rs 136 crore (19 million Singapore dollars). The acquisition is expected to close by April 30, 2026, and is part of HCLTech’s strategy to strengthen its financial services expertise, particularly in core banking and wealth management.
Finergic, founded in 2019, has operations in Singapore, Luxembourg, Switzerland, and India, and reported a revenue of 12.6 million SGD in 2024. The company’s niche capabilities in wealth consulting, combined with HCLTech’s scale, are expected to enhance service delivery across the financial services and wealth management industries.
The acquisition will enable HCLTech to integrate Finergic’s transformation strategy, consulting, and wealth-architecture capabilities, accelerating the delivery of next-generation, platform-enabled wealth management solutions. The integration of Finergic’s capabilities will also enhance HCLTech’s AI-driven wealth management solutions, anchored by advanced AI-native workflows.
HCLTech’s Chief Growth Officer and Global Head of Financial Services, Srinivasan Seshadri, stated that the acquisition will enable the company to deliver advanced capabilities, foster innovation, and unlock substantial synergies, ultimately empowering clients to achieve greater business outcomes across the financial services landscape.
The deal structure involves the acquisition of 100% of Finergic’s outstanding equity by HCL Singapore Pte Ltd, a wholly-owned subsidiary of HCLTech, at a total purchase price of 19 million SGD. The acquisition is expected to enhance HCLTech’s position in the financial services industry, particularly in the areas of core banking and wealth management. With the addition of Finergic’s capabilities, HCLTech is poised to become a leading player in the industry, offering a range of innovative and advanced solutions to its clients.