Wipro signed a definitive agreement on April 5, 2026, to acquire Mindsprint, the IT services arm of Singapore-based Olam Group. The cash transaction carries a purchase price of US $375 million, subject to customary adjustments. This acquisition forms a central part of a broader eight-year strategic partnership between Wipro and Olam Group, which is expected to exceed US $1 billion in total value.
Mindsprint, established in 2007, provides digital technology services to the food and agriculture sectors. The company employs over 3,200 people across India, Singapore, the United States, the United Kingdom, and the Middle East. Its service portfolio includes enterprise applications, data analytics, cybersecurity, and supply chain technology. Mindsprint reported US $135.6 million in revenue for the 2025 calendar year, showing a steady increase from US $130.5 million in 2024.
Under the terms of the deal, Wipro will acquire 100% shareholding in Mindsprint. The company will operate as a wholly owned subsidiary of Wipro. Suresh Sundararajan, the current CEO of Mindsprint, will continue to lead the business to maintain operational continuity.
The broader agreement includes a committed spend of US $800 million by Olam Group over the next eight years. Wipro will manage Olam’s end-to-end technology operations, focusing on the “farm-to-fork” value chain. This includes farming, manufacturing, trading, and supply chain logistics. Wipro plans to apply its existing AI platforms to Olam’s global operations, which serve 22,000 customers in more than 60 countries.
For Olam Group, majority-owned by Temasek Holdings, the sale aligns with its 2025 Re-organisation Plan. The company intends to monetise non-core assets and distribute net proceeds to shareholders through special dividends. Olam CEO Sunny Verghese stated that the move allows the company to focus on its core operating businesses while securing a long-term technology partner.
The acquisition requires regulatory approvals from authorities in Saudi Arabia and Australia. Both companies expect the transaction to close by June 30, 2026. Following the announcement on April 6, 2026, Wipro’s shares rose 3.2% in early trading on Indian stock exchanges.
This deal represents one of Wipro’s largest contract wins in recent years. And, by integrating Mindsprint’s specialised IP-led solutions, such as its plantation management and procurement platforms, Wipro aims to strengthen its position in the global food and agri-business market. The partnership provides Wipro with long-term revenue visibility and adds deep domain expertise in supply chain technology.