AXA vs Wipro: Founders, CEOs and History
AXA was founded in 1817 by Jacques-Théodore le Carpentier, Claude Bébéar and is led by Thomas Buberl. Wipro was founded in 1945 by Mohamed Hasham Premji and is led by Srini Pallia.
Company facts
Founders
AXA
Jacques-Théodore le Carpentier
Little is recorded about le Carpentier beyond the founding act itself. In 1817 he and 17 other property owners in Rouen created the Compagnie d'Assurances Mutuelles contre l'Incendie for the departments of the Seine and the Eure, covering their own buildings a…
Claude Bébéar
Claude Bébéar built modern AXA. After joining in 1958 he spent 17 years inside the business, including 1964 to 1966 in Canada creating the life insurance arm of the group subsidiary Provinces Unies, before becoming chief executive in 1975 following Sahut d'Iza…
Wipro
Mohamed Hasham Premji
Mohamed Hasham Premji incorporated Western India Vegetable Products Limited in Amalner, Maharashtra in 1945 to produce vegetable oil.
CEOs and their tenures
AXA
- Claude Bébéar1975–2000
Chairman and CEO
Bébéar turned a Normandy mutual into a global insurer between 1975 and 2000. He took control of the Drouot Group in 1982, bought Présence in 1986, merged with Compagnie du Midi in 1988, took control of The Equitable in the United States in 1991, National Mutua…
Source - Henri de Castries2000–2016
Chairman and CEO
De Castries ran AXA from May 2000 to September 2016, through the dot-com collapse, the 2008 financial crisis and the euro-area debt crisis, without state support.
Source - Thomas Buberl2016–present
Chief Executive Officer
Buberl became chief executive in September 2016 and refocused AXA on insurance underwriting.
Source
Wipro
- Rishad Premji2019–present
Executive Chairman
As Executive Chairman, he enforced a strict return-to-office mandate and publicly cracked down on employee moonlighting, prioritizing utilization rates over aggressive headcount growth.
Source - Thierry Delaporte2020–2024
CEO and Managing Director
He decentralized Wipro's operating model into four massive strategic market units, though he struggled to match the organic growth rates of rivals like TCS and Infosys before stepping down.
Source - Srini Pallia2024–present
Chief Executive Officer and Managing Director
Leads Wipro's push for large deals, consulting-led selling, and AI-enabled delivery.
Source
Timeline: AXA and Wipro side by side
1817AXA
Founding of the Compagnie d'Assurances Mutuelles contre l'Incendie
Jacques-Théodore le Carpentier and 17 other property owners in Rouen set up a mutual fire insurance company, the earliest predecessor of AXA. It stayed a Normandy mutual, later called Ancienne Mutuelle, for more than a century.
1945Wipro
Incorporated as Western India Vegetable Products
Mohamed Hasham Premji sets up a vegetable oil business in Amalner, Maharashtra.
1966Wipro
Azim Premji takes over
After his father's death, 21-year-old Azim Premji leaves Stanford to run the company.
1975AXA
Claude Bébéar becomes chief executive
Bébéar, recruited in 1958 by André Sahut d'Izarn, took over the Anciennes Mutuelles group in 1975 after Sahut d'Izarn's death and the settlement of a strike that had paralysed the company in April 1974.
1982AXA
Takeover of the Drouot Group
Bébéar took control of the Drouot Group, then the leading private French insurance group, and became its chairman alongside his role at Mutuelles Unies.
1985AXA
Creation of the AXA name
The group adopted the invented name AXA, short and pronounceable in any language, and Bébéar moved from running the insurance companies to chairing the group.
1986AXA
Acquisition of the Présence Group
AXA bought the Présence Group in April 1986, continuing the consolidation of French insurers.
1988AXA
Merger with Compagnie du Midi
The merger with Compagnie du Midi made AXA the second-largest French insurance group behind UAP and brought Equity and Law, then the sixth-largest life insurer in the United Kingdom. Bébéar was elected Manager of the Year the same year.
1991AXA
Control of The Equitable in the United States
After a failed attempt to buy Farmers, AXA agreed in July 1991 to demutualise and take control of The Equitable, then the fifth-largest life insurer in the United States, which also brought Alliance Capital Management.
1996AXA
Acquisition of UAP
AXA bought UAP, a French insurer twice its size, doubling its French business and reaching critical mass in the United Kingdom, Belgium and Germany. The merger took effect in 1997.
1999AXA
Guardian Royal Exchange and Nippon Dantai
Guardian Royal Exchange joined AXA in early 1999, adding scale in United Kingdom property, casualty and health insurance, and AXA took control of Nippon Dantai, then the thirteenth-largest life insurer in Japan.
2000Wipro
NYSE listing
Wipro lists American Depositary Shares on the New York Stock Exchange under the ticker WIT.
2006AXA
Acquisition of Winterthur
AXA agreed to buy Winterthur from Credit Suisse for ~$14.8 billion (CHF 12.3 billion), about $8.93 billion (EUR 7.9 billion) in cash, strengthening its position in Switzerland, Germany and central and eastern Europe.
2007Wipro
Acquired Infocrossing
Wipro Limited acquired Infocrossing for $600 million.
2011AXA
Sale of AXA Canada
AXA sold its Canadian operations to Intact Financial Corp. for ~$1.87 billion (C$2.6 billion) as part of a portfolio review.
2013Wipro
Non-IT businesses demerged
Consumer care, lighting, and infrastructure engineering businesses move to the unlisted Wipro Enterprises.
2018AXA
Acquisition of XL Group
AXA bought XL Group for $15.3 billion in cash, shifting the group toward commercial property and casualty lines and creating the AXA XL platform.
2019Wipro
Rishad Premji becomes Executive Chairman
Azim Premji retires from the executive role and his son Rishad Premji takes over as chairman.
2021Wipro
Capco acquisition completed
Wipro completes its $1.45 billion acquisition of financial services consultancy Capco.
2022Wipro
Acquired Rizing
Wipro Limited acquired Rizing for $540 million.
2024AXA
Launch of the Unlock the Future plan
With its 2023 results in February 2024 AXA presented a 2024 to 2026 plan targeting underlying earnings per share growth of 6% to 8% a year, an underlying return on equity of 14% to 16% and a new capital management policy.
2024Wipro
Srini Pallia named CEO
Srini Pallia succeeds Thierry Delaporte as CEO and Managing Director in April 2024.
2025AXA
Sale of AXA Investment Managers to BNP Paribas
AXA completed the sale of AXA Investment Managers to BNP Paribas Cardif on July 1, 2025 for ~$5.76 billion (EUR 5.1 billion) in cash, a total transaction value of ~$6.1 billion (EUR 5.4 billion), and signed a long-term agreement for BNP Paribas to manage a lar…
2025AXA
Death of founder Claude Bébéar
AXA announced on November 4, 2025 that Claude Bébéar, its founder and Honorary Chairman, had died at the age of 90. He ran the group from 1975 to 2000 and created the AXA name in 1985.
2026Wipro
Rs 150 billion buyback approved
Alongside FY2026 results in April 2026, the board approves a Rs 150 billion share buyback.
Acquisitions
AXA
- Prima Assicurazioni (51% stake)2025Undisclosed
- Laya Healthcare2023Undisclosed
- XL Group2018$15.3B
- Winterthur2006$10B
- UAP (Union des Assurances de Paris)1996$7.8B
- The Equitable (US)1991$1B
Wipro
- Harman Digital Transformation Solutions2025$375M
- Rizing2022$540M
- Capco2021$1.4B
- Appirio2016$500M
- Infocrossing2007$600M
Questions about AXA vs Wipro
Who is the CEO of AXA SA and Wipro Limited?
AXA SA is led by Thomas Buberl and Wipro Limited is led by Srini Pallia. Both serve as the top executive responsible for the company's strategy, operations, and financial performance.
When was AXA SA founded vs Wipro Limited?
AXA SA was founded in 1817 — 128 years before Wipro Limited, which was founded in 1945. AXA SA's longer operating history gives it a deeper track record but also potentially more institutional inertia compared to the younger Wipro Limited.
How many employees does AXA SA have compared to Wipro Limited?
AXA SA employs approximately 156,000 people, while Wipro Limited employs approximately 228,000. Wipro Limited has the larger workforce at 228,000 employees, compared to AXA SA's 156,000. A higher headcount does not necessarily imply greater efficiency — it often reflects differences in business model (e.g., manufacturing vs. software).
Where are AXA SA and Wipro Limited headquartered?
AXA SA is headquartered in France and Wipro Limited is headquartered in India. Their different home markets mean they may face different regulatory frameworks, tax regimes, and currency exposure.
Who founded AXA SA and Wipro Limited?
AXA SA was founded by Jacques-Théodore le Carpentier, Claude Bébéar. Wipro Limited was founded by Mohamed Hasham Premji.
Which company has a longer operating history — AXA SA or Wipro Limited?
AXA SA has been operating for approximately 209 years, making it the more established of the two companies. Wipro Limited has been in operation for around 81 years. A longer operating history often signals greater institutional resilience and brand recognition, though it can also mean slower adaptation to new market conditions.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the AXA vs Wipro overview