Wipro Limited has informed the Exchange regarding a press release dated May 15, 2026, titled "Wipro Completes Acquisition of Olam Group s IT and Digital Services Business, Mindsprint".
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Wipro Limited has completed its acquisition of Mindsprint, the IT and digital services business of Olam Group, following regulatory approvals. The deal was originally announced on April 6, 2026, as part of an 8-year strategic transformation agreement with Olam Group, a US$ 50+ billion food and agri-business headquartered in Singapore. Mindsprint, with over 3,200 professionals, has become a wholly owned subsidiary of Wipro and will operate under the brand 'Mindsprint, a Wipro Company'. The acquisition strengthens Wipro's capabilities in supply chain management, commodity trading, and the food and agri-business sector, combining Mindsprint's domain expertise with Wipro's AI-powered technology platform Wipro Intelligence.
This acquisition expands Wipro's farm-to-fork capabilities and supply chain expertise while adding over 3,200 skilled professionals, positioning the company for growth in the food and agri-business sector. Shareholders may see this as a positive strategic move to diversify revenue streams and strengthen competitive positioning in specialized industry verticals.