HCLTech to buy Singapore wealth consultancy Finergic
HCLTech has agreed to acquire Singapore-based Finergic Solutions, a consulting firm focused on wealth management and core banking transformation.
HCLTech said it has signed a definitive agreement to buy Finergic, which it described as a boutique wealth consulting firm headquartered in Singapore. The companies expect the transaction to close by 30 April 2026, and it remains subject to customary regulatory approvals.
Founded in 2019, Finergic works on core banking and wealth management transformation programmes. HCLTech said Finergic has a global presence and a focus on wealth architecture, transformation strategy and consulting.
HCLTech positions the deal as an expansion of its work with financial institutions. The company said it has more than 25 years of experience serving financial services clients globally.
Wealth focus
The acquisition centres on the wealth management segment, where technology groups and consultancies compete for modernisation programmes across private banks, wealth managers and retail banking wealth units. HCLTech said it plans to integrate Finergic's consulting and wealth-architecture work with its own delivery scale.
HCLTech said the combined offering will include platform-enabled wealth management solutions. It also highlighted AI-native workflows as a design approach for future work. The company did not disclose financial terms for the transaction.
The company also linked the deal to its existing relationships with banking software platforms. HCLTech said it supports Temenos products for more than 40 global banks. It said Finergic would complement that experience.
Singapore hub
The deal adds another Singapore-based business to HCLTech's financial services activity in the region. HCLTech described Singapore as a hub for wealth management technology and consulting expertise. The firm did not specify where Finergic staff will sit in its organisation after completion.
Finergic's work spans transformation strategy and consulting assignments linked to core banking and wealth management. HCLTech said the acquisition strengthens its financial services portfolio. It also said the combination creates "synergies" across financial services and wealth management delivery.
HCLTech framed the transaction as a move within its digital services activity for wealth management. "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. "This transformative transaction enables us to deliver advanced capabilities, foster innovation and unlock substantial synergies-empowering our clients to realise greater business outcomes across the financial services landscape."
Finergic has three named co-founders. They presented the company as established in core banking and wealth management transformation programmes and pointed to its team as a differentiator.
"Over the past several years, Finergic has built a strong reputation in delivering core banking and wealth management transformation programs. Our end-to-end solution capabilities, supported by a highly experienced and skilled team, positions us uniquely within the industry. We are delighted to become a part of HCLTech's amazing growth journey and mark an exciting new chapter for the team at Finergic," said Ganesh Swaminathan, Saravanan Kandaswamy and Senthil Kumar Sekar, co-founders of Finergic . "Our shared vision for the transformation of the financial services industry and complementary strengths position us to deliver even greater value to enterprises and create new opportunities for our people."
HCLTech operates across multiple industry verticals and said it has more than 226,300 employees across 60 countries. It reported consolidated revenues of USD $14.5 billion for the 12 months ending December 2025.