Wipro wins $100m/y strategic transformation deal
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) has secured a multi‑year strategic transformation deal with Singapore-headquartered Olam Group for acquisition of its India-based technology unit, Mindsprint, for US$375 million.
Olam, together with its subsidiaries in the Group, has also awarded an eight-year strategic transformation deal to Wipro with a committed annual spend of US$100 million. This amount would represent approximately 55-60% of the annual total spend by the Group on technology and shared services, Wipro said on 6 Apr.
“Wipro’s strategic engagement with Olam Group is an important step in expanding our farm‑to‑fork capabilities and scaling the impact of Wipro Intelligence™ across the food and agri‑business industry,” said Srini Pallia, Chief Executive Officer and Managing Director, Wipro Limited. “I welcome the leadership team and employees of Mindsprint who will become a part of the Wipro family. By bringing Mindsprint’s deep domain expertise and IP-led solutions, together with Wipro’s consulting-led and AI-powered capabilities, we aim to unlock growth opportunities, catalyze innovation, and drive market‑ready transformation for Olam Group and our global clients across the industry.”
As part of the engagement, Wipro will deliver end‑to‑end transformation services to Olam Group through a consulting‑led and AI‑powered approach. The engagement will draw on Wipro’s industry expertise, partnerships with leading technology providers, and Wipro Intelligence™, its unified suite of AI‑powered platforms, solutions, and transformative offerings. Together, these capabilities will strengthen Olam Group’s core operations and support the creation of a sustainable competitive advantage.
Building on this foundation, Wipro will deploy its capabilities across Olam Group’s ‘farm‑to‑fork’ value chain, delivering industry‑specific solutions that align with the Group’s business priorities. This will focus on areas such as farming, forecasting, trading, supply chain operations, and customer engagement, with the goal of improving operational effectiveness, strengthening resilience, and supporting long‑term growth at scale.
Olam Group is a leading US$ 50+1 Billion food and agri‑business headquartered in Singapore, employing nearly 40,000 people, and majority owned by Temasek Holdings. The 8-year engagement with Olam Group is expected to exceed US$1 billion in contract value, with a committed spend of US$800 million.
Sunny Verghese, Co-Founder and Group CEO of Olam Group, said: “We are pleased to partner with Wipro on our transformation journey. Wipro’s scale, consulting‑led approach, innovation investments, and Wipro Intelligence™ position it well to advance Olam Group’s mission‑critical programmes and drive scalable outcomes.
“As Olam Group accelerates its journey towards being more agile, future‑ready, and in line with our priorities under the Re-organisation Plan to sharpen focus on core businesses and maximise shareholder value, we are bringing together the strengths of Mindsprint with Wipro. Mindsprint’s deep expertise in the food and agri-business industry, combined with Wipro’s global capabilities, creates powerful synergies for growth and end‑to‑end transformation across the value chain.”
Under the terms of the acquisition, Mindsprint will become a wholly-owned subsidiary of Wipro, subject to regulatory approvals and closing conditions. This is expected to close at quarter ending Q1 FY27 (end of June 2026).
Primarily based in India, Mindsprint employs over 3,200 professionals and has been an enabler of Olam Group’s digital transformation journey. It brings deep domain expertise in the food and agri-business sector, alongside strong capabilities in supply chain transformation, digital platforms, and proprietary IP‑led solutions such as Farmsprint® for plantation management, Procuresprint® for agentic AI-enabled procurement transformation, SprintAP™ for payables transformation, Salessprint™ for sales operations, and the Tradesprint® Commodity Trading and Risk Management platform.
Suresh Sundararajan, CEO of Mindsprint, elaborated: “Mindsprint was built within Olam Group to address the unique complexities of global food and agribusiness value chains, and has since evolved into a trusted, domain-led transformation partner delivering measurable business outcomes. The platforms and capabilities we have developed have been instrumental in driving efficiency, resilience and growth across Olam Group’s operations.
“Becoming a part of Wipro marks the next phase of our journey, enabling us to scale these capabilities globally while continuing to deliver high-impact, customer-centric transformation for Olam Group and our broader client base.” Fiinews.com
