Wipro (NYSE: WIT) wins $1B Olam deal and buys Mindsprint
Rhea-AI Filing Summary
Wipro Limited has signed a definitive agreement to acquire 100% of Mindsprint Pte. Ltd., the IT and digital services arm of Olam Group, for a cash purchase consideration of US$ 375 million, subject to customary closing adjustments.
The deal is part of an 8-year strategic transformation engagement with Olam Group that is expected to exceed US$ 1 billion in contract value, including a committed spend of US$ 800 million. The acquisition requires antitrust approvals in Saudi Arabia and Australia and is expected to close by June 30, 2026, after which Mindsprint will become a wholly owned Wipro subsidiary.
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Insights
Wipro pairs a large Olam contract with a strategic Mindsprint acquisition.
Wipro is combining a major 8-year transformation engagement with Olam Group with the acquisition of Olam’s IT arm, Mindsprint, for US$ 375 million in cash. The engagement is expected to exceed US$ 1 billion in contract value, including a committed spend of US$ 800 million.
Strategically, Wipro gains over 3,200 Mindsprint professionals and a portfolio of IP-led platforms like Farmsprint, Procuresprint and Tradesprint, deepening its farm-to-fork and supply chain capabilities. This could strengthen its position in food and agri-business transformation, though value realization will depend on effective integration and delivery.
The transaction is subject to antitrust approvals in Saudi Arabia and Australia and is targeted to close by June 30, 2026. Execution of the long-term contract and integration progress will likely be detailed in subsequent company disclosures as milestones such as closing at quarter ending Q1 FY27 are reached.
Key Figures
Key Terms
definitive agreement financial
strategic transformation deal financial
anti-trust approvals regulatory
committed spend financial
proprietary IP-led solutions technical
forward-looking statements regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934
For the month of April 2026
Commission File Number 001-16139
Wipro Limited
(Exact name of Registrant as specified in its charter)
Not Applicable
(Translation of Registrant’s name into English)
Karnataka, India
(Jurisdiction of incorporation or organization)
Doddakannelli
Sarjapur Road
Bangalore, Karnataka 560035, India +91-80-2844-0011
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Yes ☐ No ☒
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Yes ☐ No ☒
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
DISCLOSURE OF ACQUISITION
Wipro Limited, a company organized under the laws of the Republic of India (the “Company”), hereby furnishes the Commission with the following information relating to the acquisition by the Company of Mindsprint Pte. Ltd. and its subsidiaries and certain other assets (together, “Mindsprint”), as part of a multi-year strategic engagement with Olam Group (“Olam”). The 8-year engagement with Olam is expected to exceed $1.0 billion USD in contract value, with a committed spend of $800.0 million USD. The following information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.
On April 6, 2026, the Company informed the securities exchanges in India on which its securities are listed and the New York Stock Exchange (together, the “Exchanges”) that the Company has signed a definitive agreement to acquire 100% shareholding in Mindsprint on April 5, 2026. A copy of the letter to the Exchanges is attached hereto as Item 99.1.
On April 6, 2026, the Company issued a press release concerning the Mindsprint acquisition and the strategic engagement with Olam. A copy of such press release is attached hereto as Item 99.2.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| WIPRO LIMITED |
| /s/ M. Sanaulla Khan |
| M. Sanaulla Khan |
| Senior Vice President and Company Secretary |
Dated: April 8, 2026
INDEX TO EXHIBITS
| Item | ||
| 99.1 | Letter to the Exchanges dated April 6, 2026. | |
| 99.2 | Press release dated April 6, 2026. | |
Exhibit 99.1
April 6, 2026
The Manager - Listing
BSE Limited
(BSE: 507685)
The Manager - Listing
National Stock Exchange of India Limited
(NSE: WIPRO)
The Market Operations,
NYSE, New York
(NYSE: WIT)
Dear Sir/Madam,
Sub: Disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and para 202.05 read with para 202.06 of the NYSE Listed Company Manual, it is hereby informed that Wipro (through its subsidiaries) has signed a definitive agreement to acquire 100% shareholding in Mindsprint Pte. Ltd. and its subsidiaries on April 5, 2026.
The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with relevant SEBI circulars are provided in Annexure-1.
This is for your information and records.
Thanking you.
For Wipro Limited
| /s/ M Sanaulla Khan |
| M Sanaulla Khan |
| Company Secretary |
Annexure -1
Details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with relevant SEBI Circulars
| Sr. No. |
Particulars |
Description | ||
| 1 | Name of the target entity | Mindsprint Pte. Ltd. and its subsidiaries (“Mindsprint”) | ||
| 2 | Whether the acquisition would fall within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? | No | ||
| 3 | Industry of Target entity | Information Technology (IT) | ||
| Wipro has secured a multi-year strategic transformation deal with Olam Group, a leading USD 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 USD 1 Billion in contract value, with a committed spend of USD 800 Million. | ||||
| 4 | Acquisition objectives and Impact of acquisition | As part of the engagement, Wipro will partner in an end-to-end transformation 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. Together, these capabilities will help strengthen Olam Group’s core operations and support the creation of a sustainable competitive advantage. | ||
| As part of this broader engagement, Wipro will acquire Mindsprint, Olam Group’s IT services arm. | ||||
| 5 | Government or regulatory approval required | Anti-trust approvals under the competition laws of the Kingdom of Saudi Arabia and Australia. | ||
| 6 | Indicative time period for completion of acquisition | The transaction is expected to be completed by June 30, 2026. | ||
| 7 | Nature of consideration | Cash | ||
| 8 | Cost of acquisition and / or the price at which the shares are acquired | Purchase consideration of US$ 375 Million which is subject to customary closing adjustments. | ||
| 9 | Percentage of shareholding acquired | 100% | ||
| 10 | Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief) | Headquartered in Singapore and founded in 2007, Mindsprint provides technology and digital transformation services across enterprise applications, data & analytics, digital platform engineering, customer experience, cloud & infrastructure, cybersecurity, and business process services. Mindsprint has a global workforce of 3,200+ employees across India, Singapore, US, UK and Middle East.
Mindsprint has strong Food and Agri-business domain experience, supply chain transformation capabilities, and proprietary IP-driven solutions.
Consolidated revenues for the last 3 completed years (for the period ended 31 December): USD 118.9 Mn (CY23); USD 130.5 Mn (CY24) and USD 135.6 Mn (CY25). |
Exhibit 99.2
April 6, 2026
The Manager- Listing
BSE Limited
(BSE: 507685)
The Manager- Listing
National Stock Exchange of India Limited
(NSE: WIPRO)
The Market Operations
NYSE: New York
(NYSE: WIT)
Dear Sir/Madam,
Sub: Press Release
Please find attached herewith copy of the Press Release which is being released today.
Thanking you,
For Wipro Limited
| /s/ M Sanaulla Khan |
| M Sanaulla Khan |
| Company Secretary |
Wipro Wins One of its Largest Strategic Transformation Engagements from Food and Agri-Business Leader Olam Group
As part of the engagement, Wipro to acquire Olam Group’s IT and digital services business, Mindsprint.
SINGAPORE | BENGALURU, India – April 06, 2026 – Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading AI-powered technology services and consulting company today announced that it has secured a multi-year strategic transformation deal with Olam Group.
Olam Group is a leading US$ 50+1 Billion food and agri-business headquartered in Singapore, employing nearly 40,000 people, and majority owned by Temasek Holdings.
The 8-year engagement with Olam Group is expected to exceed US$ 1 Billion in contract value, with a committed spend of US$ 800 Million.
As part of the 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. Together, 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 our priorities under the Reorganisation Plan to sharpen focus on core businesses and maximise shareholder value, we are bringing together the strengths of Mindsprint with Wipro. Mindsprint’s deep expertise in the food and agri-business industry, combined with Wipro’s global capabilities, creates powerful synergies for growth and end-to-end transformation across the value chain.”
| 1 | Combined revenues inclusive of discontinuing operations for FY2025 |
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“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,” said Srini Pallia, Chief Executive Officer and Managing Director, Wipro Limited. “I welcome the leadership team and employees of Mindsprint who will become a part of the Wipro family. By bringing Mindsprint’s deep domain expertise and IP-led solutions, together with Wipro’s consulting-led and AI-powered capabilities, we aim to unlock growth opportunities, catalyze innovation, and drive market-ready transformation for Olam Group and our global clients across the 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 quarter ending Q1 FY27 (end of June 2026).
Primarily based in India, Mindsprint employs over 3,200 professionals and has been an enabler of Olam Group’s digital transformation journey. It brings deep domain expertise in the food and agri-business sector, alongside strong capabilities in supply chain transformation, digital platforms, and proprietary IP-led solutions such as Farmsprint® for plantation management, Procuresprint® for agentic AI-enabled procurement transformation, SprintAP™ for payables transformation, Salessprint™ for sales operations, and the Tradesprint® Commodity Trading and Risk Management platform.
About Wipro Limited
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading AI-powered technology services and consulting company focused on building innovative solutions that address clients’ most complex digital transformation needs. Leveraging our consulting-led approach and the Wipro Intelligence™ unified suite of AI-powered platforms, solutions and transformative offerings, we help clients realize their boldest ambitions to build intelligent and sustainable businesses. The Wipro Innovation Network – part of the Wipro Intelligence™ suite – underpins our commitment to client-centric co-innovation and co-creation by bringing together capabilities from the innovation labs and partner labs, academia, and global tech communities. With over 230,000 employees and business partners across 65 countries, we deliver on the promise of helping our customers, colleagues, and communities thrive in an ever-changing world. For additional information, visit us at www.wipro.com.
About Olam Group
Olam Group is a leading food and agri-business supplying food, ingredients, feed and fibre to almost 22,000 customers worldwide. Our value chain spans over 60 countries and includes farming, processing and distribution operations, as well as a global network of farmers.
Through our purpose to ‘Re-imagine Global Agriculture and Food Systems’, Olam Group aims to address the many challenges involved in meeting the needs of a growing global population, while achieving positive impact for farming communities, our planet and all our stakeholders. Headquartered and listed in Singapore, Olam Group is a component stock of the iEdge Singapore Next 50 index and a Singapore constituent of market indices including the FTSE Global All World Ex US Index, FTSE Developed All Cap Ex US Index, MSCI World ESG Screened Index, MSCI EAFE Small Cap Index and MSCI EAFE Investable Market Index (IMI). It is also part of the FTSE4Good Index Series, a global sustainable investment index series developed by FTSE Russell, following a rigorous assessment of Olam’s supply chain activities, impact on the environment and governance transparency.
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More information on Olam can be found at www.olamgroup.com, LinkedIn and X. Olam is located at 7 Straits View, Marina One East Tower #20-01, Singapore 018936. Telephone: +65 63394100, Facsimile: +65 63399755.
| Media Contact: | ||
| Wipro Media Relations | Dinesh Joshi | |
| media-relations@wipro.com | dinesh.joshi@wipro.com |
Forward-Looking Statements
The forward-looking statements contained herein represent Wipro’s beliefs regarding future events, many of which are by their nature, inherently uncertain and outside Wipro’s control. Such statements include, but are not limited to, statements regarding Wipro’s growth prospects, its future financial operating results, and its plans, expectations and intentions. Wipro cautions readers that the forward looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from the results anticipated by such statements. Such risks and uncertainties include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, complete proposed corporate actions, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission, including, but not limited to, Annual Reports on Form 20-F. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.
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