Wipro Limited has entered into a definitive agreement to acquire 100% of Singapore-based Mindsprint for US$ 375 Million. This acquisition is part of a broader 8-year, US$ 1 Billion strategic transformation deal with Olam Group. By integrating Mindsprint’s deep domain expertise in food and agri-business, Wipro aims to leverage AI-powered platforms to drive end-to-end digital transformation for its clients. The deal is expected to close by June 30, 2026.
Acquisition Overview
On April 5, 2026, Wipro Limited signed a definitive agreement to acquire 100% shareholding in Mindsprint Pte. Ltd. and its subsidiaries. The all-cash transaction is valued at US$ 375 Million, subject to customary closing adjustments. The deal represents a significant step in Wipro’s growth strategy, bringing specialized technology and digital transformation capabilities into the fold.
Strategic Partnership with Olam Group
The acquisition is tied to a multi-year strategic transformation partnership with Olam Group, a leading global food and agri-business giant. This 8-year agreement is valued at over US$ 1 Billion, with a committed spend of US$ 800 Million. As part of this engagement, Wipro will deploy its Wipro Intelligence™ suite—a collection of AI-powered platforms—to enhance Olam Group’s operational efficiency and competitive advantage.
About Mindsprint
Founded in 2007 and headquartered in Singapore, Mindsprint provides a wide array of technology services, including enterprise applications, data and analytics, cloud infrastructure, and cybersecurity. The company serves a global client base with a workforce of over 3,200 employees across India, Singapore, the US, the UK, and the Middle East. Mindsprint has demonstrated consistent growth, with revenues reaching US$ 135.6 Million in the 2025 calendar year.
Future Outlook
The transaction is currently pending anti-trust approvals in the Kingdom of Saudi Arabia and Australia. Wipro anticipates the formal completion of the acquisition by June 30, 2026, at which point Mindsprint will be fully integrated into Wipro’s service offerings, bolstering its position in the food and agri-business technology sector.
Source: BSE
