Wipro clinches $1-billion Olam deal for agri-tech pivot| Business News
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 Olam Group deal, which includes the acquisition of Mindsprint, marks a significant strategic pivot for Wipro under CEO Srini Pallia. (Bloomberg) 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 …









