Wipro Limited has informed the Exchange that pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and para 202.05 read with para 202.06 of the NYSE Listed Company Manual, Wipro (through its subsidiaries) has signed a definitive agreement to acquire 100% shareholding in Mindsprint Pte. Ltd. and its subsidiaries on April 5, 2026.
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Wipro has signed a definitive agreement to acquire 100% of Mindsprint Pte. Ltd. and its subsidiaries for USD 375 million in cash. Mindsprint, headquartered in Singapore and founded in 2007, is the IT services arm of Olam Group and employs 3,200+ people across India, Singapore, US, UK and Middle East. The company posted revenues of USD 135.6 million in calendar year 2025, growing from USD 118.9 million in 2023. This acquisition is tied to Wipro securing an 8-year strategic transformation deal with Olam Group, a USD 50+ billion Food and Agri-business company owned by Temasek Holdings, expected to exceed USD 1 billion in contract value. The transaction requires anti-trust approvals in Saudi Arabia and Australia and is expected to close by June 30, 2026.
This acquisition strengthens Wipro's capabilities in the Food and Agri-business sector and brings a large enterprise client relationship. The USD 375 million deal represents a strategic bolt-on acquisition tied to a marquee client win, which could be positive for Wipro's revenue growth trajectory.