By Yessar Rosendar, Forbes Staff. Apr 06, 2026, 06:26am EDT
Wipro—the Indian tech giant founded by billionaire Azim Premji—is buying the IT unit of Olam Group for $375 million as the Singapore-based company moves to re-organize its operations and focus on its core agricultural commodities business.
Under the deal, which is subject to customary closing conditions, Bangalore-based Wipro will buy Olam’s entire stake in its IT and digital services unit, Mindsprint, in cash. Following the acquisition, Wipro will provide Olam IT services for eight years, valued at $800 million, according to a statement released on Monday.
“This transaction marks another milestone in Olam Group’s ongoing re-organisation plan, as we sharpen our focus on our core operating businesses and unlock long-term shareholder value,” Sunny Verghese, CEO of Olam Group said in the statement. “Mindsprint has been incubated and scaled within the group as a strategic technology partner, playing a critical role in driving transformation across our global supply chains.”
Wipro will provide consulting services and AI-powered solutions to strengthen Olam’s “farm-to-fork” value chain. The work will cover key areas such as farming, forecasting, trading, supply chain operations, and customer engagement, with the aim of improving efficiency, boosting resilience, and supporting long-term growth
“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,” Srini Pallia, CEO and managing director of Wipro said in the statement.
Mindsprint, which will become part of Wipro after the deal closes at the end of June, provides technology, cybersecurity, and digital solutions. It has more than 3,200 employees and serves clients in industries such as food and agribusiness, manufacturing, and retail. Its customers include companies in the U.S., Asia, and the Middle East.
With an estimated net worth of $8.5 billion according to Forbes’ real-time data, Premji is among the wealthiest in India. Premji parlayed his family’s cooking oil business and expanded into software. Today, Wipro is among India’s largest software services providers with over $10 billion in annual revenue in the year ended March 2025. Premji is also a philanthropist. In May 2025, the Azim Premji Foundation pledged $265 million over three years to help underprivileged girls complete their college education.
Story originally featured on Forbes.com
Yessar Rosendar
Forbes Staff | Asia
I am a contributing editor for Forbes Asia based in Jakarta, Indonesia. Before joining Forbes Asia, I worked for Forbes Indonesia for almost a decade. I’ve covered stories about the country’s wealthiest people, fast-growing businesses, and emerging startups. For news tips, you can reach me at yrosendar@forbesasia.com.
