HCL Technologies has completed the acquisition of 100% stake in Finerqic Solutions Pte Ltd, a Singapore-based company, on March 6, 2026. The acquisition was executed through HCL Singapore Pte Ltd, a wholly owned subsidiary of the company, marking the completion of a strategic expansion move announced earlier.

Acquisition Completion Details

The transaction was finalized on March 6, 2026 at 10:30 a.m. IST, as communicated to the stock exchanges through a regulatory filing under Regulation 30. This follows the initial announcement made on January 23, 2026, when the company first intimated about the planned acquisition.

Strategic Market Expansion

This acquisition strengthens HCL Technologies' footprint in the Southeast Asian region, particularly in Singapore, which serves as a crucial hub for technology and financial services in Asia. The transaction was structured through the company's Singapore subsidiary, demonstrating a localized approach to market expansion.

Regulatory Compliance

The company has fulfilled its disclosure obligations by informing both BSE Limited and National Stock Exchange of India Limited about the completion of the acquisition. The formal communication was signed by Company Secretary Manish Anand and submitted to the exchanges as per regulatory requirements.

HCL Technologies has been recognized as a Leader in the 2025 Gartner Magic Quadrant for Custom Software Development Services, marking a significant achievement for the global technology company in the competitive software development services market.

Recognition Details

The recognition from Gartner positions HCLTech among the leading providers in the custom software development services space. The company's placement reflects its comprehensive approach to software engineering that focuses on delivering measurable business outcomes rather than just code development.

Technology Capabilities and Approach

HCLTech's recognition is attributed to its AI-native development capabilities and outcome-driven approach. The company leverages AI Force, its GenAI-led service transformation platform, which works seamlessly with leading proprietary and open-source Large Language Models (LLMs) and Small Language Models (SLMs) to enable secure innovation and efficient scale.

Pawan Vadapalli, Corporate Vice President and Global Head of Digital Business Services at HCLTech, emphasized that enterprises today require software engineering that delivers measurable business outcomes. He noted that the company's placement in the Gartner Magic Quadrant reflects the strength of their comprehensive approach to custom software development.

Digital Product Engineering Focus

The company's digital product engineering capabilities are positioned as a critical driver of transformation for enterprises reimagining their products and business models. HCLTech empowers organizations to create product-led, platform-driven, and experience-centric competitive differentiation.

Hari Sadarahalli, Corporate Vice President and Global Head of Engineering and R&D Services, highlighted the company's chip-to-cloud engineering strength. This capability helps enterprises embed intelligence across the value chain to drive measurable business outcomes, supporting the core transformation needs of modern businesses.

Company Scale and Operations

HCLTech operates as a global technology company with significant scale and reach across multiple markets and industries.

The company serves clients across major verticals including Financial Services, Manufacturing, Life Sciences and Healthcare, High Tech, Semiconductor, Telecom and Media, Retail and CPG, Mobility and Public Services. This broad industry coverage supports its comprehensive approach to custom software development services across diverse business requirements and technical challenges.