Wipro Completes Acquisition of Olam Group's Digital Services Unit, Mindsprint
Wipro Limited announced the successful completion of its acquisition of Mindsprint, the IT and digital services business unit formerly part of the Olam Group. The strategic move significantly bolsters Wipro's capabilities in the global food and agri-business sector.The acquisition, which was originally announced on April 6, 2026, is part of a broader eight-year strategic transformation deal with Olam Group. Olam Group is a leading food and agri-business entity headquartered in Singapore, which reports combined revenues inclusive of discontinuing operations for FY2025 of over US$ 50 billion and employs nearly 40,000 people, with majority ownership held by Temasek Holdings.
This strategic engagement allows Wipro to expand its farm-to-fork capabilities, enhancing the deployment of Wipro Intelligence™ across the entire food and agri-business supply chain. The combination of Mindsprint's deep domain expertise and Intellectual Property (IP)-led solutions with Wipro’s consulting-led and AI-powered capabilities aims to unlock growth opportunities, accelerate innovation, and drive market-ready transformation for both Olam Group and Wipro’s global clientele.
The enhanced focus areas include farming, forecasting, trading, supply chain operations, and customer engagement.
Key Details of the Transaction
| Aspect | Detail |
|---|---|
| Acquired Entity | Mindsprint (Olam Group's IT and digital services business) |
| Strategic Focus | Food and Agri-Business, Supply Chain Transformation |
| Mindsprint Workforce | Over 3,200 professionals |
| Subsidiary Status | Wholly owned subsidiary of Wipro, operating as 'Mindsprint, a Wipro Company' |
| Wipro Leadership Comment | Strengthens position in supply chain and commodity trading, expanding delivery of AI-powered, IP-led, and domain-centric transformation. |
Mindsprint brings specialized capabilities in supply chain transformation, digital platforms, and proprietary IP solutions. These include:
- Farmsprint®: For plantation management.
- Procuresprint®: For agentic AI-enabled procurement transformation.
- SprintAP™: For payables transformation.
- Salessprint™: For sales operations.
- Tradesprint®: A platform for Commodity Trading and Risk Management.
Under the terms of the transaction, Mindsprint has become a wholly owned subsidiary of Wipro.
Rothschild & Co. served as the exclusive financial advisor to Wipro, while Avendus Capital was the exclusive financial advisor to Olam Group and Mindsprint for the deal.
WIPRO Stock Price Movement
Today, Wipro Limited shares edged higher to close at ₹190, gaining 1.06% for the day. The stock saw strong activity, settling near the top end of its intraday range between ₹188.8 and ₹191.9, supported by 17.90 million shares traded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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