Wipro Secures Multi-Year Strategic Deal with Olam Group: Share Price in Focus

Wipro, the IT services company, will be in focus on Monday, April 6, as it has announced a multi-year strategic transformation deal with Olam Group. This significant partnership is expected to have a positive impact on Wipro's share price and expand its capabilities in the food and agribusiness sector.

Olam Group, a leading US$ 50 billion+ food and agribusiness headquartered in Singapore, employs nearly 40,000 people and is majority-owned by Temasek Holdings. The eight-year engagement with Olam Group is expected to exceed USD 1 billion in contract value, with a committed spend of USD 800 million.

As part of this engagement, Wipro will deliver end-to-end transformation services to Olam Group through a consulting-led and AI-powered approach. The engagement will leverage Wipro’s industry expertise, partnerships with leading technology providers, and Wipro Intelligence™, its unified suite of AI-powered platforms, solutions, and transformative offerings. These capabilities will strengthen Olam Group’s core operations and support the creation of a sustainable competitive advantage.

Building on this foundation, Wipro will deploy its capabilities across Olam Group’s ‘farm-to-fork’ value chain, delivering industry-specific solutions that align with the Group’s business priorities. This will focus on areas such as farming, forecasting, trading, supply chain operations, and customer engagement, with the goal of improving operational effectiveness, strengthening resilience, and supporting long-term growth at scale.

Sunny Verghese, Co-Founder and Group CEO of Olam Group, said, “We are pleased to partner with Wipro on our transformation journey. 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.”

As Olam Group accelerates its journey towards being more agile, future-ready, and in line with its priorities under the Reorganisation Plan to sharpen focus on core businesses and maximise shareholder value, it is bringing together the strengths of Mindsprint with Wipro. Verghese added, “Mindsprint’s deep expertise in the food and agribusiness industry, combined with Wipro’s global capabilities, creates powerful synergies for growth and end-to-end transformation across the value chain.”

Srini Pallia, Chief Executive Officer and Managing Director, Wipro Limited, commented, “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 agribusiness industry.”

Under the terms of the acquisition of Mindsprint by Wipro, Mindsprint will become a wholly owned subsidiary of Wipro, subject to regulatory approvals and closing conditions. This is expected to close at the quarter ending Q1 FY27 (end of June 2026).

Olam Group is a leading food and agribusiness supplying food, ingredients, feed, and fibre to almost 22,000 customers worldwide, headquartered in Singapore. Its value chain spans over 60 countries and includes farming, processing, and distribution operations, as well as a global network of farmers.