Wipro wins $1B contract from Olam Group, to buy Mindsprint for $375 million
Wipro secures $1 billion deal with Olam Group, acquires Mindsprint for $375 million to boost AI-led transformation and global IT services growth.
The deal is hoped to close by the end of June 2026. Mindsprint will become a wholly owned subsidiary of Wipro.
IT services company Wipro has secured an eight-year transformation deal with Singapore-based food and agri-business giant Olam Group. The total value of the contract is expected to be completed at $1 billion. It is around Rs 9,300 crore.
As part of the contract, Wipro will also obtain Olam Group’s IT and digital services arm, Mindsprint Pte. Ltd., for $375 million, which is about Rs 3,494 crore.
As per the report, "Wipro has secured a multi-year strategic transformation deal with Olam Group, a leading $50+ Billion Food and Agri-business headquartered in Singapore, employing nearly 40,000 people, and majority-owned by Temasek Holdings. This 8-year deal with Olam Group is expected to exceed $1 billion in contract value, with a committed spend of $800 million.’
Wipro said in a regulatory filing on Monday, "As part of this broader engagement, Wipro will acquire Mindsprint, Olam Group's IT services arm".
Mindsprint was founded in the year 2007 and is headquartered in Singapore. The company employs more than 3,200 professionals. They cover nations like India, Singapore, the US, the UK, and the Middle East. However, it is reported to have consolidated revenues of $135.6 million for the year 2025.
The proposed sale is accounted for in close adjustments and is in line with Olam Group's Updated 2025 Re-organisation Plan to reliably divest and monetise the remaining Olam Group’s assets and businesses over time. It has progressively distributed the net proceeds to its shareholders via particular dividends.
Wipro CEO and MD Srini Pallia said, "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".
