In a significant strategic move, HCLTech has announced the acquisition of Singapore-based consulting firm Finergic Solutions Pte Ltd. The technology giant revealed through an official press release that it has signed a definitive agreement to purchase the seven-year-old startup, marking a substantial expansion in its financial services portfolio.
Strategic Acquisition Through Singapore Subsidiary
The transaction will be executed through HCL Singapore Pte Ltd, which operates as a wholly-owned subsidiary of HCLTech. While the precise financial terms of the deal remain confidential, the company has confirmed that the acquisition process is anticipated to conclude by April 30, 2026. This timeline provides both organizations with ample opportunity to ensure a smooth integration process.
Finergic's Established Expertise in Financial Transformation
Founded in 2019, Finergic Solutions has carved a distinctive niche in the financial technology sector with its specialized focus on core banking and wealth management transformation. The company boasts a robust global presence and has developed considerable expertise in delivering comprehensive transformation programs for financial institutions worldwide.
Through this acquisition, HCLTech aims to integrate Finergic's specialized transformation strategy, consulting capabilities, and wealth-architecture expertise. This strategic integration is expected to accelerate the delivery of next-generation, platform-enabled wealth management solutions that leverage advanced AI-native workflows, positioning HCLTech at the forefront of digital financial services innovation.
Leadership Perspectives on the Strategic Move
The co-founders of Finergic Solutions—Ganesh Swaminathan, Saravanan Kandaswamy, and Senthil Kumar Sekar—expressed their enthusiasm about joining the HCLTech family. In a joint press statement, they highlighted: "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."
They further added: "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."
Financial Performance and Client Relationship
For the fiscal year ending December 31, 2024, Finergic Solutions reported revenue of 12.6 million Singapore dollars. Notably, 5.1 million Singapore dollars of this revenue originated from HCLTech, indicating a pre-existing and substantial business relationship between the two entities. Financial results for the subsequent fiscal year ending December 31, 2025, were not available at the time of the disclosure, as confirmed by regulatory filings.
Strategic Positioning in Wealth Management
Srinivasan Seshadri, Chief Growth Officer and Global Head of Financial Services at HCLTech, emphasized the strategic importance of this acquisition. He stated: "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."
This acquisition represents a calculated expansion of HCLTech's service offerings in the competitive financial technology sector. By incorporating Finergic's specialized knowledge and established client relationships, HCLTech aims to enhance its value proposition to financial institutions seeking digital transformation and next-generation wealth management solutions.
