HDFC Bank vs Wipro: Founders, CEOs and History
HDFC Bank was founded in 1994 by Hasmukhbhai Parekh and is led by Sashidhar Jagdishan. Wipro was founded in 1945 by Mohamed Hasham Premji and is led by Srini Pallia.
Company facts
Founders
HDFC Bank
Hasmukhbhai Parekh
Hasmukhbhai Thakordas (H.T.) Parekh founded Housing Development Finance Corporation (HDFC) in 1977, at age 66, after a long career at ICICI.
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
HDFC Bank
- Aditya Puri1994–2020
Managing Director
Over 26 years as CEO, he built HDFC into India's largest and most highly valued private sector bank, maintaining pristine asset quality throughout multiple economic cycles.
Source - Sashidhar Jagdishan2020–present
Managing Director and Chief Executive Officer
Steered the bank through the RBI technology restrictions and the largest merger in Indian banking, while keeping gross NPAs near 1.2%.
Source - Atanu Chakraborty2021–2026
Part-time Chairman
Former Economic Affairs Secretary who chaired the board through the HDFC Ltd merger; resigned on March 18, 2026, citing ethical concerns. Keki Mistry served as interim chairman until Rajiv Kumar's appointment.
Source - Rajiv Kumar2026–present
Part-time Chairman
He managed the complex post-merger integration processes to ensure the massive combined loan book maintained strict asset quality.
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: HDFC Bank and Wipro side by side
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.
1994HDFC Bank
HDFC Bank Incorporated
HDFC Bank is incorporated as one of India's new private-sector banks.
1995HDFC Bank
Banking Operations Begin
The bank begins operations and builds a private-sector banking franchise.
2000HDFC Bank
Times Bank Merger
HDFC Bank merges with Times Bank, one of its early scale-building deals.
2000Wipro
NYSE listing
Wipro lists American Depositary Shares on the New York Stock Exchange under the ticker WIT.
2007Wipro
Acquired Infocrossing
Wipro Limited acquired Infocrossing for $600 million.
2013Wipro
Non-IT businesses demerged
Consumer care, lighting, and infrastructure engineering businesses move to the unlisted Wipro Enterprises.
2019Wipro
Rishad Premji becomes Executive Chairman
Azim Premji retires from the executive role and his son Rishad Premji takes over as chairman.
2020HDFC Bank
Sashidhar Jagdishan Becomes CEO
Sashidhar Jagdishan succeeds Aditya Puri as managing director and CEO in October 2020.
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.
2023HDFC Bank
HDFC Ltd Merger Completed
HDFC Bank completes the merger with parent HDFC Ltd, creating a much larger banking balance sheet.
2024Wipro
Srini Pallia named CEO
Srini Pallia succeeds Thierry Delaporte as CEO and Managing Director in April 2024.
2026HDFC Bank
FY2025-26 Net Revenues Reach INR 1,91,218.60 Crore
HDFC Bank reports ~$22.2 billion (INR 1,91,218.60 crore) in net revenues and ~$8.66 billion (INR 74,671.30 crore) in profit after tax.
2026HDFC Bank
Rajiv Kumar Becomes Chairman
After Atanu Chakraborty resigned in March 2026, the RBI approved Rajiv Kumar as part-time chairman effective July 15, 2026.
2026Wipro
Rs 150 billion buyback approved
Alongside FY2026 results in April 2026, the board approves a Rs 150 billion share buyback.
Acquisitions
HDFC Bank
- HDFC Ltd. (Reverse Merger)2023Undisclosed
- Centurion Bank of Punjab2008Undisclosed
Wipro
- Harman Digital Transformation Solutions2025$375M
- Rizing2022$540M
- Capco2021$1.4B
- Appirio2016$500M
- Infocrossing2007$600M
Questions about HDFC Bank vs Wipro
Who is the CEO of HDFC Bank Limited and Wipro Limited?
HDFC Bank Limited is led by Sashidhar Jagdishan 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 HDFC Bank Limited founded vs Wipro Limited?
Wipro Limited was founded in 1945 — 49 years before HDFC Bank Limited, which was founded in 1994. Wipro Limited's longer operating history gives it a deeper track record but also potentially more institutional inertia compared to the younger HDFC Bank Limited.
How many employees does HDFC Bank Limited have compared to Wipro Limited?
HDFC Bank Limited employs approximately 211,178 people, while Wipro Limited employs approximately 228,000. Wipro Limited has the larger workforce at 228,000 employees, compared to HDFC Bank Limited's 211,178. A higher headcount does not necessarily imply greater efficiency — it often reflects differences in business model (e.g., manufacturing vs. software).
Where are HDFC Bank Limited and Wipro Limited headquartered?
Both HDFC Bank Limited and Wipro Limited are headquartered in India, meaning they operate under the same primary regulatory and tax environment.
Who founded HDFC Bank Limited and Wipro Limited?
HDFC Bank Limited was founded by Hasmukhbhai Parekh. Wipro Limited was founded by Mohamed Hasham Premji.
Which company has a longer operating history — HDFC Bank Limited or Wipro Limited?
Wipro Limited has been operating for approximately 81 years, making it the more established of the two companies. HDFC Bank Limited 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 HDFC Bank vs Wipro overview