HCLTech, a leading Indian IT firm, has announced its plan to acquire Finergic Solutions Pte Ltd, a Singapore-based consulting firm specializing in core banking and wealth management transformation. The acquisition is expected to close by April 30, 2026, and will be executed through HCL Singapore Pte Ltd, a wholly-owned subsidiary of HCLTech. Finergic, founded in 2019, has built a strong reputation in delivering end-to-end solutions for financial institutions, and its expertise will be integrated into HCLTech’s digital services framework.
The acquisition will strengthen HCLTech’s capabilities in wealth management and financial services, particularly in areas involving advanced technology and consulting. Finergic’s co-founders expressed their excitement about joining HCLTech, citing the company’s growth journey and the opportunity to deliver advanced capabilities to clients. Srinivasan Seshadri, Chief Growth Officer and Global Head of Financial Services at HCLTech, highlighted the strategic value of the acquisition, stating that it will enable the company to deliver substantial synergies and empower clients to realize greater business outcomes.
The financial details of the transaction were not officially disclosed, but external reports indicate that 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. With this move, HCLTech aims to strengthen its position in the financial services landscape and deliver innovative solutions to its clients.
The acquisition is expected to bring significant benefits to HCLTech, including enhanced domain expertise, advanced technology capabilities, and increased synergies. Finergic’s team of experienced professionals will join HCLTech, bringing their expertise and knowledge to the company. The acquisition is a strategic move by HCLTech to expand its presence in the global market and strengthen its position as a leading IT firm. Overall, the acquisition of Finergic Solutions Pte Ltd is a significant step forward for HCLTech, and is expected to drive growth and innovation in the financial services sector.