HCLTech has announced plans to acquire Finergic Solutions Pte Ltd, a Singapore-based IT services and consulting company, for 19 million Singapore dollars (approximately ₹136 crore), as part of its strategy to deepen its financial services and wealth management offerings.
According to a report by The Hindu BusinessLine, the acquisition is aimed at strengthening HCLTech’s expertise in core banking, wealth management, and financial services consulting, areas that are witnessing rapid digital transformation globally.
Transaction Expected to Close by April 2026
HCLTech said it has signed a definitive agreement to acquire Finergic Solutions, with the transaction expected to be completed by April 30, 2026, subject to customary regulatory approvals and closing conditions.
Under the terms of the deal, 100% of Finergic’s outstanding equity will be acquired by HCL Singapore Pte Ltd, a wholly owned subsidiary of HCLTech. The acquisition will be executed as an all-cash transaction at a total purchase consideration of 19 million SGD.
Strategic Focus on Financial Services and Wealth Consulting
The acquisition aligns closely with HCLTech’s long-term strategy of expanding its footprint in the financial services technology (FinTech) and wealth management consulting segments. Finergic brings niche domain capabilities that complement HCLTech’s global scale, delivery strength, and technology expertise.
HCLTech said the integration of Finergic’s consulting-led approach with its existing technology platforms is expected to enhance service delivery for banks, asset managers, and wealth management firms across global markets.
Expanding Global Presence and Service Capabilities
Founded in 2019, Finergic Solutions has established operations across Singapore, Luxembourg, Switzerland, and India, serving clients in the wealth and asset management ecosystem. The company reported revenue of 12.6 million SGD in 2024, reflecting steady growth since inception.
With this acquisition, HCLTech aims to expand its platform-enabled and advisory-led services, particularly in high-growth international markets where demand for digital wealth solutions is increasing.
AI-Native Wealth Management Solutions
HCLTech said the integration of Finergic’s wealth architecture, transformation strategy, and consulting capabilities will enable the company to accelerate the delivery of next-generation wealth management solutions, powered by AI-native workflows.
By combining Finergic’s domain expertise with HCLTech’s investments in artificial intelligence, cloud, and data platforms, the company expects to help financial institutions modernise legacy systems, improve client engagement, and unlock operational efficiencies.
“This transformative transaction enables us to deliver advanced capabilities, foster innovation, and unlock substantial synergies,” said Srinivasan Seshadri, Chief Growth Officer and Global Head – Financial Services at HCLTech.
He added that the acquisition would empower clients to achieve stronger business outcomes across the rapidly evolving financial services landscape.
Strengthening HCLTech’s Financial Services Portfolio
The deal comes at a time when global banks and wealth managers are increasingly adopting digital-first and AI-driven platforms to meet changing customer expectations and regulatory requirements. By adding Finergic’s specialised consulting strengths, HCLTech is positioning itself as a full-spectrum technology and advisory partner for financial institutions.
Industry analysts see the acquisition as a strategic move that reinforces HCLTech’s focus on high-value consulting, platform-led services, and AI-driven transformation, especially in wealth and asset management.
Ruchi Kumar is the associate editor at Entrepreneur News Network and TVW News India, where she leads editorial strategy, brand storytelling, and startup ecosystem coverage. With a strong focus on innovation, business, and marketing insights, he curates impactful narratives that spotlight India’s evolving entrepreneurial landscape.