LTIMindtree vs Wipro: Founders, CEOs and History
LTIMindtree was founded in 1996 by Larsen & Toubro, Subroto Bagchi and is led by Venu Lambu. Wipro was founded in 1945 by Mohamed Hasham Premji and is led by Srini Pallia.
Company facts
LTIMindtree
- Founded
- 1996
- Headquarters
- Mumbai, Maharashtra & Bengaluru, Karnataka, India
- Current CEO
- Venu Lambu
- Employees
- 87,886
Wipro
- Founded
- 1945
- Headquarters
- Bengaluru, Karnataka, India
- Current CEO
- Srini Pallia
- Employees
- 228,000
Founders
LTIMindtree
Larsen & Toubro
Larsen & Toubro, the Mumbai-based engineering and construction group founded in 1938 by Danish engineers Henning Holck-Larsen and Søren Kristian Toubro, set up L&T Information Technology in 1996.
Subroto Bagchi
Subroto Bagchi was one of the ten people who founded Mindtree in Bengaluru in 1999. The others included Ashok Soota and Krishnakumar Natarajan. Bagchi had worked at Wipro and Lucent and later served as Mindtree's COO and vice chairman.
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
LTIMindtree
- Debashis Chatterjee2019–2025
Chief Executive Officer & Managing Director
Cognizant veteran who became Mindtree CEO in 2019 and led the merged LTIMindtree from November 2022 until retiring in May 2025.
Source - Venu Lambu2025–present
Chief Executive Officer and Managing Director
Former CEO of Randstad Digital; took over on May 31, 2025 after Debashis Chatterjee retired.
Source
Wipro
- Rishad Premji2019–present
Executive Chairman
Succeeded his father Azim Premji as Executive Chairman in July 2019.
Source - Thierry Delaporte2020–2024
CEO and Managing Director
Restructured the company into strategic market units and led the Capco acquisition. He stepped down in April 2024.
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: LTIMindtree 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.
1996LTIMindtree
L&T sets up its IT services unit
L&T Information Technology, later Larsen & Toubro Infotech (LTI), is established in Mumbai.
1999LTIMindtree
Mindtree founded in Bengaluru
Ten IT veterans including Ashok Soota, Subroto Bagchi and Krishnakumar Natarajan found Mindtree.
2000Wipro
NYSE listing
Wipro lists American Depositary Shares on the New York Stock Exchange under the ticker WIT.
2013Wipro
Non-IT businesses demerged
Consumer care, lighting, and infrastructure engineering businesses move to the unlisted Wipro Enterprises.
2016LTIMindtree
LTI lists on NSE and BSE
L&T Infotech completes its IPO in India.
2019LTIMindtree
L&T takes control of Mindtree
L&T buys V.G. Siddhartha's stake and makes an open offer, gaining majority control despite founder opposition.
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.
2022LTIMindtree
LTI and Mindtree merge into LTIMindtree
The all-share merger completes on November 14, 2022, with 73 LTI shares issued for every 100 Mindtree shares.
2024Wipro
Srini Pallia named CEO
Srini Pallia succeeds Thierry Delaporte as CEO and Managing Director in April 2024.
2025LTIMindtree
Venu Lambu becomes CEO
Former Randstad Digital CEO Venu Lambu succeeds Debashis Chatterjee on May 31, 2025.
2026LTIMindtree
Rebrands as LTM and agrees Randstad Digital deal
Renamed LTM Limited (NSE symbol LTM from April 17, 2026); agrees in May to buy Randstad Digital units in Europe and Australia for ~$181 million (€160 million).
2026Wipro
Rs 150 billion buyback approved
Alongside FY2026 results in April 2026, the board approves a Rs 150 billion share buyback.
Acquisitions
LTIMindtree
- Randstad Digital technology & consulting businesses (France, Germany, Belgium, Luxembourg, Australia)2026$186M
- Mindtree Limited (merged into LTI)2022Undisclosed
Wipro
- Harman Digital Transformation Solutions2025$375M
- Rizing2022$540M
- Capco2021$1.4B
- Appirio2016$500M
- Infocrossing2007$600M
Questions about LTIMindtree vs Wipro
Who is the CEO of LTM (formerly LTIMindtree) and Wipro Limited?
LTM (formerly LTIMindtree) is led by Venu Lambu 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 LTM (formerly LTIMindtree) founded vs Wipro Limited?
Wipro Limited was founded in 1945 — 51 years before LTM (formerly LTIMindtree), which was founded in 1996. Wipro Limited's longer operating history gives it a deeper track record but also potentially more institutional inertia compared to the younger LTM (formerly LTIMindtree).
How many employees does LTM (formerly LTIMindtree) have compared to Wipro Limited?
LTM (formerly LTIMindtree) employs approximately 87,886 people, while Wipro Limited employs approximately 228,000. Wipro Limited has the larger workforce at 228,000 employees, compared to LTM (formerly LTIMindtree)'s 87,886. A higher headcount does not necessarily imply greater efficiency — it often reflects differences in business model (e.g., manufacturing vs. software).
Where are LTM (formerly LTIMindtree) and Wipro Limited headquartered?
Both LTM (formerly LTIMindtree) and Wipro Limited are headquartered in India, meaning they operate under the same primary regulatory and tax environment.
Who founded LTM (formerly LTIMindtree) and Wipro Limited?
LTM (formerly LTIMindtree) was founded by Larsen & Toubro, Subroto Bagchi. Wipro Limited was founded by Mohamed Hasham Premji.
Which company has a longer operating history — LTM (formerly LTIMindtree) or Wipro Limited?
Wipro Limited has been operating for approximately 81 years, making it the more established of the two companies. LTM (formerly LTIMindtree) has been in operation for around 30 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 LTIMindtree vs Wipro overview