Wipro Ltd. is going to buy the technology services business of Olam Group Ltd. for $375 million in cash, marking an important strategic move under the CEO Srini Pallia. The deal also includes a large transformation contract expected to be worth over $1 billion, spanning eight years, giving Wipro steady, long-term revenue.
The business, called Mindsprint Ple, generated about $135.6 million in revenue in 2025 and has about 3,200 employees working across India, the US and the UK. Wipro has planned to combine Mindspring’s expertise with its own AI-based platform, “Wipro Intelligence,” to strengthen its capabilities in sectors such as agriculture, food, and retail.
Wipro is well-placed in a supply chain that involves the use of artificial intelligence by organisations amid the increasing cost challenges and issues that are faced globally. Wipro’s stock prices went up by 3.2% after making this declaration.
The deal is expected to be completed by 30 June 2026, subject to regulatory approvals in countries like Saudi Arabia and Australia. For Olam, which is backed by Temasek Holdings Ltd., this sale is part of a restructuring plan, and it plans to return money from the deal to shareholders as special dividends.
Olam CEO Sunny Verghese said the partnership will improve value for customers. Analysts believe this is Wipro’s biggest deal so far and will help it secure stable income, especially at a time when the IT sector is facing slower demand.
