HCL Technologies shares fell 1.5% following the announcement of its software division's acquisition of Croatia-based enterprise robotic process automation platform provider Robotiq.ai. According to Moneycontrol, the stock decline reflects investor reaction to the €9 million enterprise value deal that strengthens HCLSoftware's enterprise agentic automation capabilities. The acquisition is expected to close by the end of November 2026, as reported by multiple sources.
IT services major HCL Technologies announced that its software business division, HCLSoftware, will acquire Croatia-based enterprise robotic process automation (RPA) platform provider Robotiq.ai in an all-cash deal valued at €9 million enterprise value (approximately ₹98 crore). According to reports from PTI and Upstox, the transaction will be executed via HCL Technologies Austria GmbH, a step-down wholly owned subsidiary of HCLTech, which will acquire 100 per cent outstanding equity in the firm. The acquisition is expected to be completed by the end of November 2026, subject to customary closing conditions.
As reported by PTI and Upstox, HCLSoftware is experiencing increasing enterprise demand for AI systems capable of both reasoning and executing tasks reliably within complex business environments. By incorporating enterprise RPA capabilities from Robotiq.ai, AI-driven workflows can now automate tasks in applications lacking adequate or available APIs. HCLSoftware President Kalyan Kumar stated that this acquisition strengthens HCL UnO Agentic by combining orchestration with enterprise-grade execution, helping customers confidently deploy and scale agentic AI across their operations. Darko Jovisic, CEO and Co-founder of Robotiq.ai, explained that joining HCLSoftware gives their technology enterprise reach, scale, and platform capabilities, enabling customers to access automation that becomes part of an orchestrated, governed process across the entire enterprise.
According to PTI and Upstox, Robotiq.ai was incorporated in August 2018 and is based in Zagreb. The company provides enterprise-grade automation solutions serving large banks, insurance firms and telecommunications providers. In the fiscal year ended December 31, 2025, Robotiq.ai posted revenue of €1.4 million, compared to €0.9 million in both 2024 and 2023, showing consistent growth in its financial performance. The company's profit after tax stood at €0.2 million and net worth at €0.8 million as of December 31, 2025. Robotiq.ai's RPA platform is built with ISO-certified security, audit logs and flexible deployment options, as noted by HCLSoftware.
The acquisition announcement comes after HCLTech reported strong Q1 FY27 results, with consolidated net profit attributable to owners rising 20.32% year-on-year to ₹4,624 crore in the June quarter. According to The Economic Times, the company had reported a net profit of ₹3,843 crore in the corresponding quarter of FY26. On a sequential basis, profit increased 3.03% from ₹4,488 crore in the March quarter of FY26. HCLTech's consolidated revenue from operations increased 13.94% YoY to ₹34,579 crore in the latest quarter, compared with ₹30,349 crore a year earlier. In dollar terms, revenue rose 2.96% YoY to $3,650 million in constant currency terms, compared with $3,545 million in the year-ago quarter.
HCL Technologies shares were trading at ₹1,236.20 on the NSE at around 1 pm on Tuesday, September 29, down 1.31% or ₹16.40 from the previous close. The stock opened at ₹1,252.60 and touched an intraday high of ₹1,261 and a low of ₹1,228. HCLTech has a market capitalisation of around ₹3.34 lakh crore, with the stock's 52-week high standing at ₹1,780.10 and its 52-week low at ₹1,030.
