HCLTech has signed a seven-year agreement with The Guardian Life Insurance Company of America (Guardian), extending an existing business relationship between the two companies, as per a regulatory filing dated July 16, 2026.
Along with the technology services agreement, HCLTech will acquire Guardian India Operations Private Limited, the insurer's technology and operations global capability centre (GCC) in India.
Under the agreement, HCLTech will provide technology support across Guardian's data, applications, and engineering functions. The scope also covers operations linked to group benefits, individual protection, retirement, and wealth management.
According to the filing, the company will deploy its AI Force platform to introduce AI-based capabilities into Guardian's existing operating model and support technology delivery across these businesses.
The acquisition includes Guardian India Operations Private Limited, which provides technology, engineering, operations and shared services to Guardian. Around 2,000 employees are expected to transition to HCLTech after the transaction is completed.
They will continue working for Guardian through a dedicated Strategic Business Unit, which will be led by Guardian India Country Head Karunakaran Azhisur.
HCLTech will acquire the company for a cash consideration of $10,500,000 and will take over 100% ownership. The acquisition is not subject to regulatory approvals and is expected to be completed on 1 August 2026.
The filing states that the transaction gives HCLTech additional technology and operations capabilities in the insurance, retirement, wealth management and employee benefits segments.
Guardian India Operations was incorporated on 5 March 2002 and operates in India as Guardian's global capability centre. It reported revenue of ₹578.8 crore in FY2026 (as per unaudited financials), compared with ₹483.2 crore in FY2025 and ₹493.5 crore in FY2024.
The centre has been supporting Guardian's digital transformation, platform modernisation and operational functions.
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As of July 16, 2026, 3:30 pm, HCL Technologies Ltd share price closed at ₹1,189.70, up 1.86% from the previous closing price.
With the acquisition of Guardian India and the expanded services agreement, HCLTech will continue supporting Guardian's technology and operational functions under a dedicated business unit. The transaction is scheduled to close in August 2026.
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Published on: Jul 16, 2026, 4:59 PM IST
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