Avendus Capital advises Olam Group on its divestment of Mindsprint to Wipro for USD 375 mn

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. 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. As Mindsprint enters its next phase of growth with Wipro, we are confident that the combination of its deep domain expertise and Wipro’s global scale and advanced capabilities will further strengthen the value it delivers to Olam Group. This partnership po sitions us well to accelerate our transformation agenda and build a more agile, resilient and future-ready organization.

Mindsprint was built within Olam Group to address the unique complexities of global food and agribusiness value chains, and has since evolved into a trusted, domain-led transformation partner delivering measurable business outcomes. The platforms and capabilities we have developed have been instrumental in driving efficiency, resilience and growth across Olam Group’s operations.

Becoming a part of Wipro marks the next phase of our journey, enabling us to scale these capabilities globally while continuing to deliver high-impact, customer-centric transformation for Olam Group and our broader client base.

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. 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.

We are pleased to partner with Olam Group and Mindsprint on this strategically important transaction, support ing Olam Group’s re-organization efforts and long-term transformation agenda. This transaction reflects a broader shift we are seeing globally, where enterprises are unlocking value from domain-led digital capabilities, while partnering with scaled technology leaders to accelerate AI-powered transformation. The combination of Mindsprint’s domain expertise in global food and agribusiness value chains with Wipro’s consulting-led, AI-driven global tech capabilities, brings strong synergies for scalable growth. We look forward to seeing this partnership unlock significant value for all stakeholders.