Wipro bags $1 billion deal from Olam Group; to acquire Mindsprint for $375 million

IT services firm Wipro has secured an eight-year transformation deal with Singapore-based food and agri-business major Olam Group, which is expected to exceed $1 billion (about ₹9,314 crore) in contract value.

As part of the broader engagement, Wipro said it will acquire Olam Group’s IT and digital services business, Mindsprint Pte. Ltd., for $375 million (about ₹3,494 crore).

“Wipro has secured a multi-year strategic transformation deal with Olam Group, a leading $50+ Billion Food and Agri-business headquartered in Singapore, employing nearly 40,000 people, and majority-owned by Temasek Holdings.