Wipro Secures $1 Billion Contract with Olam, Acquires IT Unit for $375 Million

Apr 06, 2026 07:54 UTC

WIPRO.NS, OLAM.SI

Short term

Wipro has signed an eight-year strategic agreement with Singapore-based Olam Group, with a total contract value exceeding $1 billion. The deal includes the acquisition of Olam's IT and digital unit for $375 million.

Wipro signs an eight-year strategic agreement with Olam Group valued at over $1 billion.
The deal includes the acquisition of Olam’s IT and digital unit for $375 million.
The partnership is expected to strengthen Wipro’s position in the Southeast Asian IT and outsourcing market.
The acquisition will expand Wipro’s service offerings and client base.
The deal highlights the growing trend of large-scale IT outsourcing contracts.

Wipro, a leading Indian IT services provider, has secured an eight-year strategic partnership with Olam Group, a Singapore-based agri-business giant. The agreement, valued at over $1 billion, marks a significant milestone for Wipro in the global IT and business process outsourcing sectors. As part of the deal, Wipro will also acquire Olam’s IT and digital unit for $375 million, enhancing its capabilities in digital transformation and IT services. This partnership is expected to bolster Wipro’s presence in Southeast Asia, a region that has seen growing demand for IT and outsourcing services. The acquisition of Olam’s unit is likely to expand Wipro’s service offerings and client base, positioning it to better compete with other IT services firms in the region. The deal reflects the increasing trend of large-scale IT outsourcing contracts, as companies seek to leverage specialized expertise to drive efficiency and innovation.