Cognizant vs PepsiCo: Founders, CEOs and History
Cognizant was founded in 1994 by Kumar Mahadeva, Francisco D'Souza, Lakshmi Narayanan and is led by Ravi Kumar S. PepsiCo was founded in 1965 by Caleb Bradham, Donald M. Kendall, Herman W. Lay and is led by Ramon Laguarta.
Company facts
Founders
Cognizant
Kumar Mahadeva
Kumar Mahadeva was a Dun & Bradstreet executive who headed the company's new Chennai software unit when it was formed in 1994 as a joint venture with Satyam Computer Services.
Francisco D'Souza
Francisco D'Souza joined the Dun & Bradstreet Satyam Software venture at its founding in 1994 and held roles in delivery, business development, and as president and chief operating officer before becoming CEO in January 2007.
Lakshmi Narayanan
Lakshmi Narayanan was one of the early leaders of the Chennai unit that became Cognizant. He started as chief technology officer, became president, and succeeded Kumar Mahadeva as CEO in 2003, the year Cognizant became fully independent.
PepsiCo
Caleb Bradham
Caleb Bradham created "Brad's Drink" at his New Bern pharmacy in 1898, renamed it Pepsi-Cola and incorporated the Pepsi-Cola Company in 1902.
Donald M. Kendall
Donald M. Kendall led Pepsi-Cola and engineered its 1965 merger with Frito-Lay to form PepsiCo, which he ran as CEO until 1986.
Herman W. Lay
Herman W. Lay (1909-1982) started his career as a snack food salesman. In 1932, he opened a snack food operation in Nashville, Tennessee, eventually purchasing the manufacturer and renaming it H.W. Lay & Company.
CEOs and their tenures
Cognizant
- Kumar Mahadeva1994–2003
Founding CEO and Chairman
As the founding CEO, he pioneered the 'two-in-a-box' client management model, pairing a US-based relationship manager with an India-based delivery lead.
Source - Lakshmi Narayanan2003–2006
Former CEO and Vice Chairman
As CEO, he drove the company's aggressive focus on the healthcare and financial services verticals, fueling years of industry-leading double-digit revenue growth.
Source - Francisco D'Souza2007–2019
Former CEO
During his 12-year tenure as CEO, he transformed Cognizant into a Fortune 200 behemoth, heavily pushing the company into digital transformation and cloud consulting.
Source - Brian Humphries2019–2023
Former CEO
Brought in from Vodafone to modernize the aging IT firm, he faced severe internal cultural backlash and massive employee attrition before being abruptly replaced in 2023.
Source - Ravi Kumar S2023–present
Chief Executive Officer
Hired away from rival Infosys, he took over as CEO in 2023 to repair client relationships and re-accelerate growth following years of underperformance.
Source - Jatin Dalal2023–present
Chief Financial Officer
As CFO (also poached from a major rival, Wipro), he manages the financial structuring of Cognizant's massive pipeline of bolt-on AI and cloud acquisitions.
Source
PepsiCo
- D. Wayne Calloway1986–1996
Chief Executive Officer
He more than doubled PepsiCo's revenues during his tenure and heavily invested in the restaurant division before it was later spun off.
Source - Roger Enrico1996–2001
Chief Executive Officer
He dramatically simplified the company's structure, allowing it to focus resources on its core grocery and convenience store distribution networks.
Source - Steven Reinemund2001–2006
Chief Executive Officer
He oversaw significant international expansion and revenue growth, setting a strong operational foundation before handing leadership to Nooyi.
Source - Indra Nooyi2006–2018
Chief Executive Officer
Under her 12-year tenure as CEO, PepsiCo's revenue grew by more than 80%, and she fundamentally reshaped the company's identity from a junk-food purveyor to a diversified global food and beverage giant.
Source - Ramon Laguarta2018–present
Chairman of the Board & Chief Executive Officer
He sustained strong organic revenue growth and protected operating margins through historically challenging supply chain conditions, while committing the company to major sustainability and packaging reduction goals.
Source
Timeline: Cognizant and PepsiCo side by side
1898PepsiCo
Pepsi-Cola Invented in North Carolina
Caleb Bradham formulated the original digestive cola syrup in his drugstore.
1965PepsiCo
Historic Merger of Pepsi-Cola & Frito-Lay
Donald Kendall and Herman Lay created PepsiCo, uniting snacks and soft drinks.
1975PepsiCo
Launch of the Pepsi Challenge
National blind taste tests shook Coca-Cola's market dominance and redefined advertising.
1994Cognizant
Dun & Bradstreet Satyam Software Is Formed
Dun & Bradstreet and Satyam Computer Services form a 76:24 joint venture in Chennai, India, to do software work for Dun & Bradstreet businesses.
1996Cognizant
Outside Clients and Cognizant Corporation
Dun & Bradstreet moves the unit into a spin-off called Cognizant Corporation, and it begins serving clients outside D&B. It is renamed Cognizant Technology Solutions in 1997.
1997PepsiCo
Restaurant Business Spun Off
PepsiCo spun off its restaurant businesses (Pizza Hut, Taco Bell and KFC) as Tricon Global Restaurants, now Yum! Brands, in 1997.
1998Cognizant
Nasdaq IPO
Cognizant Technology Solutions lists on Nasdaq, with IMS Health retaining a majority stake.
1998PepsiCo
Acquisition of Tropicana ($3.3B)
Acquired chilled orange juice leader Tropicana to dominate morning beverages.
2001PepsiCo
Acquisition of Quaker Oats & Gatorade ($13.4B)
Acquired Quaker Oats, adding sports hydration pioneer Gatorade to the portfolio.
2003Cognizant
Full Independence
IMS Health exchanges its remaining stake, making Cognizant a fully independent public company. Lakshmi Narayanan becomes CEO.
2006PepsiCo
Indra Nooyi becomes CEO
Indra Nooyi became CEO of PepsiCo in 2006. Chief executive of PepsiCo from 2006 to 2018.
2007Cognizant
Francisco D'Souza Becomes CEO
Francisco D'Souza takes over as CEO and leads the company for 12 years of rapid growth.
2010Cognizant
Revenue Reaches $4.6 Billion
Cognizant reports 2010 revenue of $4.59 billion, up 40% year over year.
2011PepsiCo
Wimm-Bill-Dann Acquired
PepsiCo completed its acquisition of the Russian dairy and juice company Wimm-Bill-Dann in 2011.
2014Cognizant
TriZetto Acquisition
Cognizant acquires TriZetto for about $2.7 billion, adding healthcare administration software used by U.S. health plans.
2017Cognizant
Elliott Agreement and First Dividend
After pressure from activist investor Elliott Management, Cognizant commits to margin targets and capital returns and starts paying a quarterly dividend.
2018PepsiCo
Acquisition of SodaStream ($3.2B) & Ramon Laguarta Appointed CEO
Acquired SodaStream to pioneer eco-friendly dispensing; Ramon Laguarta took over as CEO.
2019Cognizant
FCPA Settlement and New CEO
Cognizant pays $25 million to settle SEC bribery charges tied to a Chennai campus permit, and Brian Humphries succeeds Francisco D'Souza as CEO.
2020Cognizant
Maze Ransomware Attack
A Maze ransomware attack in April 2020 disrupts some client services, while most employees shift to remote work during the pandemic.
2022PepsiCo
Strategic Distribution Alliance with Celsius ($550M)
Secured master global distribution for fast-growing energy brand Celsius.
2023Cognizant
Ravi Kumar S Becomes CEO
Former Infosys president Ravi Kumar S becomes CEO in January 2023 and refocuses the company on large deals and AI-led modernization.
2024Cognizant
Belcan and Thirdera Deals
Cognizant completes the roughly $1.3 billion Belcan engineering acquisition and buys ServiceNow partner Thirdera. 2024 revenue is $19.74 billion.
2025Cognizant
Revenue Passes $21 Billion
Revenue rises about 7% to $21.108 billion and net income reaches $2.230 billion.
2025PepsiCo
poppi Acquisition and Elliott-Backed Plan
Closed the $1.95 billion poppi deal and announced a North America cost and pricing reset in December.
2026Cognizant
3Cloud and Astreya Acquisitions
Cognizant closes the 3Cloud (Microsoft Azure) acquisition on January 1 and the $634 million Astreya acquisition in June, and guides to 2026 revenue of $22.04-$22.35 billion.
2026PepsiCo
Price Cuts on Core Snacks
Lowered prices on major Frito-Lay brands by up to 15% to recover US volumes.
Acquisitions
Cognizant
- 3Cloud2026Undisclosed
- Astreya2026$634M
- Thirdera2024Undisclosed
- Belcan2024$1.3B
- Softvision2018Undisclosed
- TriZetto2014$2.7B
PepsiCo
- poppi2025$1.9B
- SodaStream International2018$3.2B
- The Quaker Oats Company (including Gatorade)2001$13.4B
- Tropicana Products1998$3.3B
Questions about Cognizant vs PepsiCo
Who is the CEO of Cognizant Technology Solutions Corporation and PepsiCo, Inc.?
Cognizant Technology Solutions Corporation is led by Ravi Kumar S and PepsiCo, Inc. is led by Ramon Laguarta. Both serve as the top executive responsible for the company's strategy, operations, and financial performance.
When was Cognizant Technology Solutions Corporation founded vs PepsiCo, Inc.?
PepsiCo, Inc. was founded in 1965 — 29 years before Cognizant Technology Solutions Corporation, which was founded in 1994. PepsiCo, Inc.'s longer operating history gives it a deeper track record but also potentially more institutional inertia compared to the younger Cognizant Technology Solutions Corporation.
How many employees does Cognizant Technology Solutions Corporation have compared to PepsiCo, Inc.?
Cognizant Technology Solutions Corporation employs approximately 356,700 people, while PepsiCo, Inc. employs approximately 306,000. Cognizant Technology Solutions Corporation has the larger workforce at 356,700 employees, compared to PepsiCo, Inc.'s 306,000. A higher headcount does not necessarily imply greater efficiency — it often reflects differences in business model (e.g., manufacturing vs. software).
Where are Cognizant Technology Solutions Corporation and PepsiCo, Inc. headquartered?
Both Cognizant Technology Solutions Corporation and PepsiCo, Inc. are headquartered in United States, meaning they operate under the same primary regulatory and tax environment.
Who founded Cognizant Technology Solutions Corporation and PepsiCo, Inc.?
Cognizant Technology Solutions Corporation was founded by Kumar Mahadeva, Francisco D'Souza, Lakshmi Narayanan. PepsiCo, Inc. was founded by Caleb Bradham, Donald M. Kendall, Herman W. Lay.
Which company has a longer operating history — Cognizant Technology Solutions Corporation or PepsiCo, Inc.?
PepsiCo, Inc. has been operating for approximately 61 years, making it the more established of the two companies. Cognizant Technology Solutions Corporation has been in operation for around 32 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 Cognizant vs PepsiCo overview