Wipro secures a deep foothold in the “farm-to-fork” supply chain
Olam Group has agreed to sell its IT and digital services unit Mindsprint to Wipro for $483.8m (USD375m), as part of its Updated 2025 Re-organisation Plan, according to a company announcement.
The deal marks a significant strategic pivot for India’s fourth-largest software services exporter under Chief Executive Officer Srini Pallia. By absorbing Olam’s Mindsprint Pte., Wipro secures a deep foothold in the “farm-to-fork” supply chain—a sector increasingly reliant on artificial intelligence and digital logistics to navigate global inflationary pressures. Shares of Bengaluru-based Wipro rose as much as 3.2% in Monday trading, leading gains on the Nifty IT index.
The Transaction Details
The acquisition is an all-cash deal for 100% of Mindsprint, which reported $135.6 million in revenue for 2025. Wipro will integrate the unit’s 3,200 professionals across India, the US, and the UK to bolster its “Wipro Intelligence” AI suite.
- Total Contract Value: Expected to exceed $1 billion over eight years.
- Committed Spend: $800 million ($100 million annually).
- Acquisition Cost: $375 million for Mindsprint.
- Completion Target: 30 June 2026, pending regulatory nods in Saudi Arabia and Australia.
Agritech Pivot
For Olam Group, majority-owned by Singapore’s state investor Temasek Holdings Ltd., the divestment is a core pillar of its 2025 reorganisation plan. The company, which supplies ingredients to 22,000 customers globally, intends to distribute the net proceeds to shareholders via special dividends.
