HNB backs $ 40 m Surge-Calcey merger to launch 'Short Circuit'

IN a landmark move for Sri Lanka's digital economy, Surge Global and Calcey Technologies have joined forces in a $ 40 million transaction to form Short Circuit Ltd., — a regional tech powerhouse built to deliver transformation at scale, with deep operational discipline for growth-stage companies and enterprises alike.

- 

The deal, backed by Hatton National Bank (HNB) and HNB Investment Bank, includes $ 4.5 million in debt financing and $ 1.5 million in equity from two global business leaders:

Sir Mahesh Patel OBE - is the founder of CPL Group, Papua New Guinea's largest retail and healthcare network, with over three decades of leadership in regional commerce and community development.

Le Shi - is Managing Director at Auros Global, a leading algorithmic trading and digital asset investment firm, where he oversees global strategy and growth across emerging technologies.

The combined group of Short Circuit employs over 500 people across Sri Lanka, India, Qatar, Singapore, and remote global delivery hubs.

As part of this merger, Surge Global Founder Bhanuka Harischandra has been appointed Group Managing Director of the newly formed entity. His leadership will steer Short Circuit through its next phase of growth — with a focus on long-term value creation.