HCLTech announces it is acquiring Singapore-based Finergic; company's co-founders say: Delighted to become ...

HCLTech has acquired Singapore-based consulting firm Finergic Solutions Pte Ltd. In a press release, the company announced that it has signed an agreement to buy the 7-year-old startup. The acquisition will be completed through HCL Singapore Pte Ltd, a wholly-owned subsidiary of HCLTech. While exact details of the transaction are not disclosed yet, HCLTech says it is expected to close by April 30, 2026. Finergic was founded in 2019. The company focuses on core banking and wealth management transformation and has a strong, well-established global presence. By integrating Finergic’s specialized transformation strategy, consulting and wealth-architecture capabilities, HCLTech will accelerate the delivery of next-generation, platform-enabled wealth management solutions anchored by advanced AI-native workflows.Ganesh Swaminathan, Saravanan Kandaswamy and Senthil Kumar Sekar, co-founders of Finergic said in a press statement:“Over the past several years, Finergic has built a strong reputation in delivering core banking and wealth management transformation programs. Our end-to-end solution capabilities, supported by a highly experienced and skilled team, positions us uniquely within the industry. We are delighted to become a part of HCLTech’s amazing growth journey and mark an exciting new chapter for the team at Finergic. Our shared vision for the transformation of the financial services industry and complementary strengths position us to deliver even greater value to enterprises and create new opportunities for our people.”For the year ending December 31, 2024, Finergic reported revenue of 12.6 million Singapore dollars. Out of this, 5.1 million Singapore dollars was the revenue from HCLTech. Financial results of the consulting firm for the fiscal year ending December 31, 2025 were not yet available at the time of this disclosure, as per the filing.Srinivasan Seshadri, Chief Growth Officer and Global Head - Financial Services, HCLTech said “With Finergic’s focused domain expertise, HCLTech is strategically positioned to strengthen its digital services capabilities in wealth management. This transformative transaction enables us to deliver advanced capabilities, foster innovation and unlock substantial synergies—empowering our clients to realize greater business outcomes across the financial services landscape.”