Shares of Wipro Limited surged more than 2% after the company announced a landmark multi-year transformation deal with Olam Group, boosting investor sentiment and reinforcing confidence in its large-deal pipeline.
The agreement, which spans eight years, is expected to exceed $1 billion in total contract value, including a committed spend of $800 million. The deal is seen as a significant win for Wipro as it continues to strengthen its position in AI-led digital transformation services.
Olam Group, a global food and agri-business major headquartered in Singapore and majority owned by Temasek Holdings, operates across the entire agricultural value chain and employs nearly 40,000 people worldwide. The partnership is aimed at transforming Olam’s operations through a consulting-led and AI-powered approach, leveraging Wipro’s technology expertise and its proprietary Wipro Intelligence™ platform.
Through this engagement, Wipro will deliver end-to-end transformation services across Olam’s “farm-to-fork” value chain. The focus will be on improving farming processes, enhancing forecasting accuracy, optimizing trading operations, strengthening supply chain efficiency, and elevating customer engagement. The initiative is expected to drive operational efficiency, build resilience, and support scalable long-term growth for Olam Group.
In addition to the deal, Wipro also announced the acquisition of Mindsprint, a technology firm that has played a key role in Olam’s digital transformation journey. Once completed, Mindsprint will become a wholly owned subsidiary of Wipro, subject to regulatory approvals, with the transaction expected to close by the end of Q1 FY27 in June 2026.
Mindsprint employs over 3,200 professionals, primarily based in India, and brings deep domain expertise in the food and agri-business sector. The company has developed several proprietary platforms across areas such as plantation management, procurement transformation, payables automation, sales operations, and commodity trading and risk management. These capabilities are expected to further strengthen Wipro’s industry-focused digital solutions and expand its footprint in the agri-tech space.