BENGALURU: Wipro has signed an eight-year agreement with Singapore-headquartered Olam Group in a deal expected to exceed $1 billion in total contract value, according to the company’s exchange filing.
The agreement includes a committed spend of $800 million and is among the largest transformation deals signed by the Indian IT services major.
As part of the broader arrangement, Wipro will also acquire Olam’s digital services arm, Mindsprint, for a total consideration of around $375 million in an all-cash transaction. The acquisition is expected to close by June 2026.
Wipro said it will acquire a 100% stake in the Singapore-based company, which will become a wholly owned subsidiary after the completion of the transaction.
The deal comes at a time when Indian IT services firms are increasingly turning to acquisitions to strengthen sector-specific capabilities and secure long-term revenue visibility.
Mindsprint, the IT services arm of Olam Group, employs more than 3,200 professionals across India, Singapore, the United States, the United Kingdom and the Middle East. The company provides technology and digital services across enterprise applications, data and analytics, and digital platforms.
According to the report, Mindsprint has built a strong presence in the food and agri-business industry, along with capabilities in supply chain transformation and proprietary IP-led solutions.
The company reported consolidated revenue of $135 million in CY25, marking an increase of nearly 4% from $130 million in CY24, the report said.
Under the eight-year contract, Wipro will deliver end-to-end transformation services for Olam. The engagement will cover Olam’s “farm-to-fork” value chain, including farming, forecasting, trading, supply-chain operations and customer engagement.
Wipro said it plans to deploy its AI suite, Wipro Intelligence, along with industry-specific solutions to improve operational effectiveness and strengthen resilience across Olam’s business.
Olam Group is a Temasek-backed food and agri-business company with operations in more than 60 countries and a market value of over $50 billion.
For Wipro, the acquisition is expected to deepen its presence in the food and agri-business vertical while adding domain-led platforms and sector-specific intellectual property.
Commenting on the development, Wipro Chief Executive Officer and Managing Director Srini Pallia said, “I welcome the leadership team and employees of Mindsprint who will become a part of the Wipro family. By bringing Mindsprint’s deep domain expertise and IP-led solutions together with Wipro’s consulting-led and AI-powered capabilities, we aim to unlock growth opportunities, catalyse innovation, and drive market-ready transformation for Olam Group and our global clients across the industry.”