Wipro’s $375-million acquisition of Mindsprint, as part of the $1 billion deal with Olam Group, significantly improves revenue visibility for the India IT firm.

Wipro Ltd. has agreed to acquire the technology services arm of Singapore-based Olam Group Ltd. for $375 million, anchoring a massive eight-year transformation contract worth more than $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 Transaction Details

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.

Agritech Pivot

For Olam Group, majority-owned by Singapore’s state investor Temasek Holdings Ltd., the divestment is a core pillar of its 2025 reorganisation plan. The company, which supplies ingredients to 22,000 customers globally, intends to distribute the net proceeds to shareholders via special dividends.