Wipro Limited has officially announced a landmark strategic transformation engagement with Olam Group, securing one of its largest deals valued at over $1 billion. As part of this comprehensive partnership, Wipro has signed a definitive agreement to acquire 100% shareholding in Mindsprint Pte. Ltd. and its subsidiaries for $375 million, with an $800 million commitment, as disclosed in a regulatory filing under Regulation 30.

Strategic Partnership with Olam Group

The 8-year engagement with Olam Group represents a significant milestone for Wipro's expansion in the food and agri-business sector. Olam Group, a leading $50+ billion food and agri-business company headquartered in Singapore, employs nearly 40,000 people globally and is majority-owned by Temasek Holdings. The partnership will leverage Wipro's consulting-led approach and AI-powered capabilities to deliver end-to-end transformation services across Olam Group's 'farm-to-fork' value chain.

About Mindsprint and Strategic Value

Mindsprint, founded in 2007 and headquartered in Singapore, brings specialized expertise in food and agri-business domain experience. The company operates across multiple technology domains including enterprise applications, data & analytics, digital platform engineering, customer experience, cloud & infrastructure, cybersecurity, and business process services. With over 3,200 professionals primarily based in India, Mindsprint has been a key enabler of Olam Group's digital transformation journey.

The acquisition will provide Wipro access to Mindsprint's proprietary IP-led solutions, including Farmsprint® for plantation management, Procuresprint® for agentic AI-enabled procurement transformation, SprintAP™ for payables transformation, Salessprint™ for sales operations, and the Tradesprint® Commodity Trading and Risk Management platform.

Leadership Perspectives and Strategic Vision

Sunny Verghese, Co-Founder and Group CEO of Olam Group, emphasized the partnership's alignment with Olam's Re-organisation Plan to sharpen focus on core businesses and maximize shareholder value. "Wipro's scale, consulting-led approach, innovation investments, and Wipro Intelligence™ position it well to advance Olam Group's mission-critical programmes and drive scalable outcomes," Verghese stated.

Srini Pallia, Chief Executive Officer and Managing Director of Wipro Limited, highlighted the strategic importance of the engagement: "Wipro's strategic engagement with Olam Group is an important step in expanding our farm-to-fork capabilities and scaling the impact of Wipro Intelligence™ across the food and agri-business industry."

Transaction Timeline and Regulatory Requirements

The acquisition will be completed through cash consideration of $375 million, subject to customary closing adjustments. Mindsprint will become a wholly owned subsidiary of Wipro, subject to regulatory approvals and closing conditions. The transaction is expected to close by the end of Q1 FY27 (June 30, 2026), requiring anti-trust approvals under competition laws in the Kingdom of Saudi Arabia and Australia.

This transformative partnership positions Wipro to deliver industry-specific solutions across farming, forecasting, trading, supply chain operations, and customer engagement, strengthening Olam Group's operational effectiveness and supporting long-term growth at scale.

Wipro Limited has submitted its mandatory compliance certificate under SEBI regulations for the quarter ended March 31, 2026. The filing, made on April 3, 2026, demonstrates the company's adherence to regulatory requirements for securities dematerialization reporting.

Regulatory Compliance Filing

The certificate was filed pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. This regulation mandates companies to report details of securities that have been dematerialized or rematerialized during specified periods to all stock exchanges where their shares are listed.

Registrar Confirmation

KFin Technologies Limited, acting as Wipro's Registrar and Share Transfer Agent, provided the compliance certificate. Rajitha Cholleti, Vice President – Corporate Registry at KFin Technologies, certified that all required details of securities dematerialized and rematerialized during the quarter have been properly furnished to stock exchanges.

The certificate confirms that KFin Technologies, in its capacity as Registrars, Share Transfer and Depository Services agents, has fulfilled the reporting obligations under the SEBI regulations for the specified period.

Stock Exchange Notification

Wipro submitted the certificate to both major Indian stock exchanges where its shares are traded. The company notified BSE Limited and the National Stock Exchange of India Limited about the regulatory compliance, ensuring transparency in its securities handling processes.

This filing represents part of Wipro's ongoing commitment to maintaining regulatory compliance and transparency in its securities operations, ensuring all stakeholders are informed about the proper handling of dematerialization and rematerialization activities during the reporting period.