HCLTech has announced the acquisition of Singapore-based Finergic Solutions Pte Ltd, a wealth consulting firm, to bolster its digital transformation capabilities in the wealth management industry. The deal, expected to close by April 30, 2026, will integrate Finergic’s expertise in core banking and wealth management transformation with HCLTech’s global reach, creating stronger synergies and enhancing service delivery for financial institutions.
Acquisition Overview
HCLTech is set to acquire Finergic Solutions Pte Ltd, a Singaporean boutique wealth consulting firm. This strategic acquisition aims to enhance HCLTech’s digital transformation offerings for the wealth management industry. The transaction is projected to finalize by April 30, 2026. Finergic, established in 2019, specializes in core banking and wealth management transformation and has a strong global presence.
Strategic Rationale
The integration of Finergic’s specialized knowledge with HCLTech’s scale is expected to unlock enhanced synergies and improve service delivery within the financial services sector. HCLTech aims to accelerate the delivery of next-generation wealth management solutions through advanced AI-native workflows. These solutions will complement HCLTech’s existing global experience, which includes supporting clients using Temenos products and servicing more than 40 global banks.
Financial Details and Benefits
The acquisition will enable HCLTech to strengthen its digital service capabilities in wealth management. Finergic reported revenue of 12.6 million Singapore Dollars for the year ended December 31, 2024, with 5.1 million Singapore Dollars coming from HCLTech. The total purchase price is 19 million Singapore Dollars. Upon completion, 100% of Finergic’s outstanding equity will be acquired by HCL Singapore Pte Ltd, making it a wholly-owned subsidiary of HCLTech. Finergic’s profit after tax (PAT) was reported as 2.9 million Singapore Dollars with a net worth of 5.4 million Singapore Dollars as of December 2024.
Source: BSE
