HCLTech, a leading technology company, has announced the acquisition of Finergic Solutions Pte Ltd, a Singapore-based consulting firm specializing in core banking and wealth management transformation. The acquisition is expected to be completed by April 30, 2026, through HCL Singapore Pte Ltd, a wholly-owned subsidiary of HCLTech. The exact details of the transaction have not been disclosed.
Finergic was founded in 2019 and has established a strong global presence, with a focus on delivering end-to-end transformation solutions for the financial services industry. The company’s co-founders, Ganesh Swaminathan, Saravanan Kandaswamy, and Senthil Kumar Sekar, expressed their excitement about joining HCLTech, citing the shared vision for transforming the financial services industry and the complementary strengths of the two companies.
The acquisition is expected to accelerate HCLTech’s delivery of next-generation, platform-enabled wealth management solutions, leveraging Finergic’s specialized transformation strategy, consulting, and wealth-architecture capabilities. Finergic’s revenue for the year ending December 31, 2024, was 12.6 million Singapore dollars, with 5.1 million Singapore dollars coming from HCLTech.
Srinivasan Seshadri, Chief Growth Officer and Global Head of Financial Services at HCLTech, stated that the acquisition will strengthen the company’s digital services capabilities in wealth management, enabling the delivery of advanced capabilities, fostering innovation, and unlocking substantial synergies. The acquisition is expected to empower HCLTech’s clients to achieve greater business outcomes across the financial services landscape.
The acquisition is a strategic move by HCLTech to expand its presence in the financial services industry, particularly in the wealth management sector. With Finergic’s expertise and HCLTech’s global reach, the combined entity is expected to provide comprehensive solutions to clients, driving growth and innovation in the industry. The deal is expected to close by April 30, 2026, and will mark an exciting new chapter for Finergic and its team, as they become part of HCLTech’s growth journey.