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Shares of Wipro Ltd. will be in focus on Monday, April 6, after the company secured a long-term transformation deal with Olam Group.
The eight-year engagement is expected to cross $1 billion in total contract value, with a committed spend of $800 million.
Olam Group, a Singapore-headquartered food and agri-business major backed by Temasek Holdings, has a global workforce of nearly 40,000.
Under the agreement, Wipro will deliver end-to-end transformation services through a consulting-led and AI-powered approach. The mandate will leverage its Wipro Intelligence platform suite, along with partnerships and industry expertise, to strengthen Olam’s core operations and build long-term competitive advantage.
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The engagement will span Olam's farm-to-fork value chain, covering areas such as farming, forecasting, trading, supply chain, and customer engagement, with a focus on improving efficiency, resilience, and scalable growth.
As part of the broader arrangement, Wipro will also acquire Mindsprint, which will become a wholly-owned subsidiary subject to regulatory approvals. The transaction is expected to close by the end of Q1 FY27.
Mindsprint, which employs over 3,200 professionals largely in India, has been closely involved in Olam's digital transformation and brings domain expertise, digital platforms, and IP-led solutions across procurement, trading, and supply chain operations.
Olam Group CEO Sunny Verghese said the partnership combines Mindsprint's sector expertise with Wipro's global scale and AI-led capabilities to accelerate transformation and support its ongoing business reorganisation.
Wipro CEO Srini Pallia added that the deal strengthens the company's farm-to-fork capabilities and expands the reach of its AI-led offerings across the food and agri-business sector.
Shares of Wipro ended 1.89% higher at ₹194.80 in the previous session, though the stock remains down over 27% so far this year. Wipro shares have fallen as much as 30% from its 5-week high of ₹273.1, which it had hit on December 22 last year.
The eight-year engagement is expected to cross $1 billion in total contract value, with a committed spend of $800 million.
Olam Group, a Singapore-headquartered food and agri-business major backed by Temasek Holdings, has a global workforce of nearly 40,000.
Under the agreement, Wipro will deliver end-to-end transformation services through a consulting-led and AI-powered approach. The mandate will leverage its Wipro Intelligence platform suite, along with partnerships and industry expertise, to strengthen Olam’s core operations and build long-term competitive advantage.
ALSO READ | Trade Setup for April 6: Nifty aims to continue recovery amidst war uncertainties
The engagement will span Olam's farm-to-fork value chain, covering areas such as farming, forecasting, trading, supply chain, and customer engagement, with a focus on improving efficiency, resilience, and scalable growth.
As part of the broader arrangement, Wipro will also acquire Mindsprint, which will become a wholly-owned subsidiary subject to regulatory approvals. The transaction is expected to close by the end of Q1 FY27.
Mindsprint, which employs over 3,200 professionals largely in India, has been closely involved in Olam's digital transformation and brings domain expertise, digital platforms, and IP-led solutions across procurement, trading, and supply chain operations.
Olam Group CEO Sunny Verghese said the partnership combines Mindsprint's sector expertise with Wipro's global scale and AI-led capabilities to accelerate transformation and support its ongoing business reorganisation.
Wipro CEO Srini Pallia added that the deal strengthens the company's farm-to-fork capabilities and expands the reach of its AI-led offerings across the food and agri-business sector.
Shares of Wipro ended 1.89% higher at ₹194.80 in the previous session, though the stock remains down over 27% so far this year. Wipro shares have fallen as much as 30% from its 5-week high of ₹273.1, which it had hit on December 22 last year.
