Wipro Limited has informed the Exchange regarding a press release dated April 06, 2026, titled "Wipro Wins One of its Largest Strategic Transformation Engagements from Food and Agri-Business Leader Olam Group".
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Wipro has secured an 8-year strategic transformation deal with Olam Group valued at over US$ 1 Billion (committed spend of US$ 800 Million). As part of this engagement, Wipro will acquire Olam Group's IT and digital services subsidiary, Mindsprint, which employs over 3,200 professionals primarily in India. Mindsprint will become a wholly owned subsidiary of Wipro, subject to regulatory approvals, with closing expected by end of June 2026. Olam Group is a US$ 50+ Billion food and agri-business headquartered in Singapore, majority owned by Temasek Holdings. The acquisition brings Wipro deep domain expertise in the food and agri-business sector along with proprietary IP-led solutions.
This acquisition strengthens Wipro's farm-to-fork capabilities and adds over 3,200 skilled professionals with specialized industry expertise. For shareholders, this represents a significant revenue-generating deal exceeding US$ 1 Billion while expanding Wipro's AI-powered service offerings.