HCL Technologies has announced the acquisition of Singapore-based Finergic Solutions Pte Ltd for 19 million Singapore Dollars in an all-cash transaction. The definitive agreement was signed on January 23, 2026, with the deal expected to close by April 30, 2026. HCL Singapore Pte Ltd, a wholly owned subsidiary of HCLTech, will acquire 100% of Finergic's outstanding equity.

Strategic Acquisition Details

Finergic Solutions, founded in 2019, is a boutique wealth consulting firm specializing in core banking and wealth management transformation. The company has established a strong global presence with operations in Singapore, Luxembourg, Switzerland and India. The acquisition is designed to strengthen HCLTech's digital services capabilities in the wealth management sector.

Financial Performance and Background

Finergic reported revenue of 12.6 million Singapore Dollars for the year ended December 31, 2024, of which 5.1 million Singapore Dollars came from HCL Technologies Limited. The company demonstrated consistent growth over the past three years, with revenues increasing from 5.8 million Singapore Dollars in 2022 to 6.2 million Singapore Dollars in 2023, before reaching 12.6 million Singapore Dollars in 2024.

Strategic Benefits and Industry Impact

The acquisition aligns with HCLTech's strategic focus on strengthening its financial services expertise, particularly in core banking and wealth management. By integrating Finergic's specialized transformation strategy, consulting and wealth-architecture capabilities, HCLTech aims to accelerate the delivery of next-generation, platform-enabled wealth management solutions anchored by advanced AI-native workflows.

Srinivasan Seshadri, Chief Growth Officer and Global Head - Financial Services at HCLTech, emphasized that the acquisition strategically positions the company to strengthen its digital services capabilities in wealth management. The transaction is expected to enable the delivery of advanced capabilities, foster innovation and unlock substantial synergies for clients across the financial services landscape.

Company Capabilities and Market Position

HCLTech brings over 25 years of global experience in serving leading financial institutions, supporting more than 40 global banks with Temenos products. The addition of Finergic's niche capabilities, combined with HCLTech's scale, is expected to enhance service delivery across the financial services and wealth management industry.

Finergic's co-founders - Ganesh Swaminathan, Saravanan Kandaswamy and Senthil Kumar Sekar - expressed enthusiasm about joining HCLTech's growth journey, highlighting their shared vision for the transformation of the financial services industry and complementary strengths that position them to deliver greater value to enterprises.

Regulatory and Operational Aspects

The acquisition does not fall within related party transactions, and no promoter, promoter group, or group companies have any interest in the entity being acquired. The transaction requires no governmental or regulatory approvals, facilitating a streamlined completion process. The deal represents HCLTech's continued expansion in the IT services and consulting industry, specifically targeting the wealth management transformation segment.

HCL Technologies has announced multiple strategic partnerships aimed at expanding its market presence and accelerating digital transformation initiatives across key sectors. The technology services company's stock remained relatively stable, trading at ₹1,674.60 on the NSE at 11:42 am, with an intraday high of ₹1,694.90 against the previous close of ₹1,687.30.

Strategic Partnership with Carahsoft Technology Corp

HCL Technologies has entered into a significant partnership with Carahsoft Technology Corp to accelerate digital transformation in the US public sector. Under this agreement, Carahsoft will serve as HCLTech's public sector distributor, providing advanced mission-driven technology solutions to various government agencies.

The partnership will leverage multiple contract vehicles to reach government customers effectively:

• National Association of State Procurement Officials (NASPO) ValuePoint
• OMNIA Partners
• E&I Cooperative Services Contract
• The Quilt contracts

These solutions will be delivered through Carahsoft's extensive network of reseller partners, ensuring comprehensive coverage across the public sector landscape.

Collaboration with Team Global Express

In another significant development, HCL Technologies has been selected by Team Global Express, the largest multimodal logistics organisation in Australia and New Zealand, to accelerate digital transformation initiatives. This partnership focuses on implementing AI-powered solutions to enhance the logistics company's operational capabilities.

Market Performance

The announcement of these partnerships has kept HCL Technologies shares in focus among investors. The stock's performance reflects market stability with modest fluctuations during the trading session.

These strategic partnerships position HCL Technologies to expand its footprint in both the US public sector and the Asia-Pacific logistics industry, demonstrating the company's commitment to driving digital transformation across diverse markets and sectors.