IT services firm Wipro has secured an eight-year transformation deal with Singapore-based food and agri-business major Olam Group, which is expected to exceed $1 billion (about Rs 9,314 crore) in contract value.

As part of the broader engagement, Wipro said it will acquire Olam Group's IT and digital services business, Mindsprint Pte. Ltd., for $375 million (about Rs 3,494 crore).

Wipro has secured a multi-year strategic transformation deal with Olam Group, a leading $50+ Billion Food and Agri-business headquartered in Singapore, employing nearly 40,000 people, and majority-owned by Temasek Holdings. This 8-year deal with Olam Group is expected to exceed $1 billion in contract value, with a committed spend of $800 million.

"As part of this broader engagement, Wipro will acquire Mindsprint, Olam Group's IT services arm," Wipro says.

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Mindsprint, founded in 2007 and headquartered in Singapore, employs over 3,200 professionals across India, Singapore, the US, the UK, and the Middle East. It reported consolidated revenues of $135.6 million for the calendar year 2025.

The proposed sale, subject to closing adjustments, is in line with Olam Group's Updated 2025 Re-organization Plan to responsibly divest and monetize the remaining Olam Group’s assets and businesses over time and progressively distribute the net proceeds to its shareholders via special dividends.

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As part of the strategic engagement, Wipro will deliver end-to-end transformation services to Olam Group through a consulting-led and AI-powered approach. The engagement will draw on Wipro's industry expertise, partnerships with leading technology providers, and Wipro Intelligence, its unified suite of AI-powered platforms, solutions and transformative offerings.

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The acquisition of Mindsprint, an all-cash deal for 100 per cent shareholding, is expected to be completed by June 30, 2026, subject to customary closing adjustments and regulatory approvals, including anti-trust clearances in Saudi Arabia and Australia.