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Latest InfoTech News, IT, Information Technology News | The HinduBusinessLine

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Wipro shares rise on $1 Bn Olam deal, Mindsprint acquisition
2026-04-06 · via Latest InfoTech News, IT, Information Technology News | The HinduBusinessLine

Wipro has secured a multi‑year strategic transformation deal with Olam Group, a $50+ billion food and agri‑business headquartered in Singapore, employing nearly 40,000 people, and majority owned by Temasek Holdings.

The 8-year engagement with is expected to exceed $1 billion in contract value, with a committed spend of $800 million.

As part of this broader engagement, Wipro will acquire Mindsprint, Olam Group’s IT services arm, for $375 million in an all-cash deal, as per the company's regulatory filing. The transaction is expected to be completed by June 30, 2026.

Headquartered in Singapore and founded in 2007, Mindsprint provides technology and digital transformation services across enterprise applications, data & analytics, digital platform engineering, customer experience, cloud & infrastructure, cybersecurity and business process services.

Mindsprint has a global workforce of 3,200-plus employees across India, Singapore, US, UK and Middle East. It has strong Food and Agri-business domain experience, supply chain transformation capabilities, and proprietary IP-driven solutions.

Under the terms of the acquisition of Mindsprint by Wipro, Mindsprint will become a wholly owned subsidiary of Wipro, subject to regulatory approvals and closing conditions. This is expected to close at quarter ending Q1 FY27 (end of June 2026). Mindsprint’s consolidated revenues for in CY25 was $135.6 million.

“Wipro’s strategic engagement with Olam Group is an important step in expanding our farm‑to‑fork capabilities and scaling the impact of Wipro Intelligence across the food and agri‑business industry,” said Srini Pallia, Chief Executive Officer and Managing Director, Wipro Limited. “I welcome the leadership team and employees of Mindsprintwho will become a part of the Wipro family. By bringing Mindsprint’s deep domain expertiseand IP-led solutions, together with Wipro’s consulting-led and AI-powered capabilities, we aim to unlock growth opportunities, catalyze innovation and drive market‑ready transformation for Olam Group and our global clients across the industry.”

As part of the engagement, Wipro will also deliver end‑to‑end transformation services through a consulting‑led and AI‑powered approach.

Wipro will also deploy its capabilities across Olam Group’s ‘farm‑to‑fork’ value chain. This will focus on areas such as farming, forecasting, trading, supply chain operations and customer engagement, to improve operational effectiveness, strengthening resilience and supporting long‑term growth at scale.

Sunny Verghese, Co-Founder and Group CEO of Olam Group, said, “Wipro’s scale, consulting‑led approach, innovation investments and Wipro Intelligence position it well to advance Olam Group’s mission‑critical programmes and drive scalable outcomes. As Olam Group accelerates its journey towards being more agile, future‑ready and in line with our priorities under the Re-organisation Plan to sharpen focus on core businesses and maximise shareholder value, we are bringing the strengths of Mindsprint with Wipro. Mindsprint’s deep expertise in the food and agri-business industry, combined with Wipro’s global capabilities, creates powerful synergies for growth and end‑to‑end transformation across the value chain.”

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A broad set of stocks including Shree Cement, Emami and Prestige Estates Projects will be in focus on Monday following strategic investments, acquisitions, and major project announcements.

Published on April 6, 2026