India, April 6 -- Wipro Ltd. has agreed to acquire the technology services arm of Singapore-based Olam Group Ltd. for $375 million, anchoring a massive eight-year transformation contract worth more than $1 billion.

The deal marks a significant strategic pivot for India's fourth-largest software services exporter under Chief Executive Officer Srini Pallia. By absorbing Olam's Mindsprint Pte., Wipro secures a deep foothold in the "farm-to-fork" supply chain-a sector increasingly reliant on artificial intelligence and digital logistics to navigate global inflationary pressures.

Shares of Bengaluru-based Wipro rose as much as 3.2% in Monday trading, leading gains on the Nifty IT index.

The acquisition is an all-cash deal for 100% of Mindsp...