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HCL Tech to acquire 100% stake in Finergic Solutions for 19 million Singapore dollars

24-Jan-26 12:58 Hrs IST

Founded in 2019, Finergic focuses on core banking and wealth management transformation and has a strong, well-established global presence. The company had recorded revenue of 12.6 million Singapore dollars in the year ended 31 December 2024.

HCL Technologies stated that by integrating Finergic's specialized transformation strategy, consulting and wealth-architecture capabilities, the company would accelerate the delivery of next-generation, platform-enabled wealth management solutions anchored by advanced AI-native workflows.

These capabilities will complement the company's existing global experience supporting clients in Temenos products, including more than 40 global banks.

The 100% stake in Finergic has been acquired for a cash consideration of 19 million Singapore dollars. The transaction is expected to close by 30 April 2026.

Srinivasan Seshadri, chief growth officer and global head - Financial Services, HCLTech, said: 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.

HCL Technologies is a global technology company, delivering industry-leading capabilities centered around digital, engineering, cloud and AI, powered by a broad portfolio of technology services and products.

The company's consolidated net profit declined 3.75% to Rs 4,076 crore in Q3 FY26, compared with Rs 4,235 crore in Q2 FY26. However, revenue from operations increased 6.04% to Rs 33,872 crore in Q3 FY26 as against Rs 31,942 crore posted in Q2 FY26.

The scrip had gained 0.23% to close at Rs 1706.60 on the BSE on Friday.

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