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What is the story about?
HCLTech on Friday, January 23, said it has signed a definitive agreement to acquire Finergic Solutions Pte Ltd, a Singapore-headquartered boutique wealth consulting firm, in a move aimed at strengthening its digital transformation offerings for the wealth management industry. The transaction is expected to close by April 30, 2026.
Founded in 2019, Finergic focuses on core banking and wealth management transformation and has an established global presence. HCLTech said the acquisition will combine Finergic’s niche capabilities with its own scale to enhance service delivery across financial services and wealth management.
HCLTech said integrating Finergic’s transformation strategy, consulting and wealth architecture capabilities will support the delivery of platform-enabled wealth management solutions, including AI-native workflows. These capabilities will complement HCLTech’s existing work with Temenos products for more than 40 global banks.
Also Read: HCLTech records highest fresher intake in three years amid talent rebuild
“With Finergic’s focused domain expertise, HCLTech is strategically positioned to strengthen its digital services capabilities in wealth management,” said Srinivasan Seshadri, Chief Growth Officer and Global Head – Financial Services, HCLTech.
Ganesh Swaminathan, Saravanan Kandaswamy and Senthil Kumar Sekar, Co-Founders of Finergic, said the firm has built a strong reputation in delivering core banking and wealth management transformation programmes and expressed confidence in joining HCLTech’s growth journey.
Also Read: HCLTech says two strong quarters give it confidence even as FY27 looks volatile
HCL Technologies shares closed at ₹1,706.60 on the NSE today, January 23, up ₹3.50 or 0.21%.
Founded in 2019, Finergic focuses on core banking and wealth management transformation and has an established global presence. HCLTech said the acquisition will combine Finergic’s niche capabilities with its own scale to enhance service delivery across financial services and wealth management.
HCLTech said integrating Finergic’s transformation strategy, consulting and wealth architecture capabilities will support the delivery of platform-enabled wealth management solutions, including AI-native workflows. These capabilities will complement HCLTech’s existing work with Temenos products for more than 40 global banks.
Also Read: HCLTech records highest fresher intake in three years amid talent rebuild
“With Finergic’s focused domain expertise, HCLTech is strategically positioned to strengthen its digital services capabilities in wealth management,” said Srinivasan Seshadri, Chief Growth Officer and Global Head – Financial Services, HCLTech.
Ganesh Swaminathan, Saravanan Kandaswamy and Senthil Kumar Sekar, Co-Founders of Finergic, said the firm has built a strong reputation in delivering core banking and wealth management transformation programmes and expressed confidence in joining HCLTech’s growth journey.
Also Read: HCLTech says two strong quarters give it confidence even as FY27 looks volatile
HCL Technologies shares closed at ₹1,706.60 on the NSE today, January 23, up ₹3.50 or 0.21%.
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