HCLTech acquires Guardian India Operations for $10.5 million

India’s third-largest information technology services firm HCLTech on Thursday said it will acquire Guardian India Operations, the India global capability centre (GCC) of US-based insurer The Guardian Life Insurance Company of America, for $10.5 million in an all-cash deal.

The company also signed a fresh seven-year technology services agreement with the insurer. The acquisition is expected to close on August 1 and is not subject to regulatory approvals.

HCLTech will acquire a 100% stake in Guardian India Operations, which provides technology, engineering and operations support across Guardian’s group benefits, retirement, and wealth management businesses. Following the transaction, around 2,000 employees of the GCC will transition to HCLTech and operate through a dedicated strategic business unit focused exclusively on serving Guardian.


The acquisition is part of an expanded partnership between the two companies under which HCLTech will continue to support Guardian’s technology and operations transformation, including deploying artificial intelligence-led capabilities across its business.

In its regulatory filing, HCLTech said the acquisition would strengthen its capabilities in insurance technology and operations services by adding specialised expertise across insurance, retirement, wealth management, and employee benefits. Guardian India reported revenue of Rs 578.8 crore in FY26, according to unaudited financial statements.

“This expanded partnership reflects the strength of our relationship with Guardian and our shared focus on scaling AI and modernizing operations,” said Srinivasan Seshadri, chief growth officer, HCLTech. He added that the two companies will co-create products and intellectual property for the insurance industry.

Earlier this week, HCLTech reported a 20% year-on-year increase in consolidated net profit to Rs 4,624 crore for the first quarter of FY27, while revenue from operations rose 13% to Rs 34,579 crore. Additionally, the company’s board approved an investment of up to Rs 3,500 crore to set up AI data centres in India as part of its expansion into the full-stack AI market.