Wipro Ltd. has agreed to acquire the technology services arm of Singapore-based Olam Group Ltd. for $375 million, anchoring an eight-year transformation contract worth over $1 billion.
The deal marks a significant strategic pivot for India’s fourth-largest software services exporter under Chief Executive Officer Srini Pallia.
By absorbing Olam's Mindsprint Pte., Wipro secures a deep foothold in the “farm-to-fork” supply chain—a sector increasingly reliant on artificial intelligence and digital logistics to navigate global inflationary pressures.
Shares of Bengaluru-based Wipro rose as much as 3.2% in Monday trading, leading gains on the Nifty IT index.
The acquisition is an all-cash deal for 100% of Mindsprint, which reported $135.6 million in revenue for 2025.
Wipro will integrate the unit’s 3,200 professionals across India, the US, and the UK to bolster its “Wipro Intelligence” AI suite.
Total Contract Value: Expected to exceed $1 billion over eight years.
Committed Spend: $800 million ($100 million annually).
Acquisition Cost: $375 million for Mindsprint.
Completion Target: 30 June 2026, pending regulatory nods in Saudi Arabia and Australia.
