HCLTech has announced the acquisition of Singapore-based IT services and consulting firm Finergic Solutions for 19 million Singapore dollars (approximately ₹136 crore), reinforcing its strategic focus on the financial services sector, particularly in core banking and wealth management technology. The acquisition is aimed at strengthening HCLTech’s ability to deliver next-generation, AI-native platforms for global financial institutions as demand accelerates for digital-first wealth and asset management solutions.
The company said it has entered into a definitive agreement to acquire Finergic, with the transaction expected to close by April 30, 2026, subject to customary regulatory approvals and closing conditions. Founded in 2019, Finergic has rapidly built a niche presence in financial technology, operating across Singapore, Luxembourg, Switzerland and India, and reported revenues of 12.6 million SGD in 2024. The firm is known for its capabilities in digital wealth management platforms, data-driven advisory tools and modern banking architectures.
With this acquisition, HCLTech is seeking to expand its footprint in the global financial services ecosystem by integrating Finergic’s specialised domain expertise with its own scale, delivery capabilities and AI-led service offerings. The move aligns with HCLTech’s broader strategy of investing in high-growth verticals where technology modernisation, regulatory complexity and client expectations are converging.
“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, as the company looks to accelerate AI-native wealth management solutions. He highlighted that the combination would allow HCLTech to better serve banks, asset managers and wealth firms navigating digital transformation and evolving customer demands.
Finergic’s geographic presence in key global financial hubs is expected to complement HCLTech’s international delivery model, enabling closer collaboration with clients in Europe and Asia-Pacific. The acquisition also strengthens HCLTech’s consulting-led approach by adding deep product engineering and platform expertise tailored to wealth and investment management use cases.
As financial institutions continue to modernise legacy systems and adopt AI-driven advisory, analytics and personalisation tools, the acquisition positions HCLTech to play a larger role in shaping the future of digital wealth management. The deal underscores the company’s intent to combine targeted acquisitions with organic innovation to build differentiated capabilities in financial services technology.
