M&A

M&A

HCLTech acquires US-based Guardian Life Insurance’s GCC unit in India for $10.5 M

Press Release   Business Standard   Guardian India  

HCLTech has acquired Guardian India operations for USD 10.5 million. The transaction involves the acquisition of a 100% stake in the entity, which currently operates as the technology and operations Global Capability Centre for Guardian Life Insurance. The deal is expected to be completed by August 1, 2026.Incorporated in March 2002, Guardian India provides technology, operations, and shared services for its American parent company. Post-acquisition, nearly 2,000 employees will transition to HCLTech and join a newly established Strategic Business Unit. Karunakaran Azhisur, the current Country Head of Guardian India, will join HCLTech to lead the newly formed business unit.Guardian India reported a revenue of INR 578.8 crore in FY26, compared to INR 483.2 crore in FY25.HCLTech intends to use this unit to drive technology innovation and engineering excellence while deploying its AI service transformation platform, AI Force, to support Guardian’s modernisation efforts.