Morgan Stanley vs Wipro: Founders, CEOs and History
Morgan Stanley was founded in 1935 by Henry S. Morgan, Harold Stanley and is led by Ted Pick. Wipro was founded in 1945 by Mohamed Hasham Premji and is led by Srini Pallia.
Company facts
Morgan Stanley
- Founded
- 1935
- Headquarters
- New York, New York, United States
- Current CEO
- Ted Pick
- Employees
- 83,000
Wipro
- Founded
- 1945
- Headquarters
- Bengaluru, Karnataka, India
- Current CEO
- Srini Pallia
- Employees
- 228,000
Founders
Morgan Stanley
Henry S. Morgan
Henry S. Morgan co-founded Morgan Stanley in 1935 after the Glass-Steagall Act required J.P. Morgan & Co. to separate its securities business from commercial banking.
Harold Stanley
Harold Stanley (1885-1963) co-founded Morgan Stanley in 1935 alongside Henry S. Morgan. Following the passage of the Glass-Steagall Act, which forced banks to separate commercial and investment banking, Stanley left J.P. Morgan & Co.
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
Morgan Stanley
- James Gorman2010–2023
Former Chairman and Chief Executive Officer
Gorman's tenure moved Morgan Stanley toward recurring fee revenue. He became executive chairman after stepping down as CEO and left the board at the end of 2024.
Source - Ted Pick2024–present
Chairman and Chief Executive Officer
Under Pick, Morgan Stanley reported record 2025 net revenues of $70.6B and record Q2 2026 results.
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: Morgan Stanley and Wipro side by side
1935Morgan Stanley
Morgan Stanley Founded
Henry S. Morgan and Harold Stanley officially launch the top investment bank following the historic Glass-Steagall split.
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.
1996Morgan Stanley
Acquired Van Kampen American Capital
Morgan Stanley acquired Van Kampen American Capital in 1996.
1997Morgan Stanley
Merged with Dean Witter Discover & Co
Morgan Stanley merged with Dean Witter Discover & Co in February 1997.
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.
2008Morgan Stanley
Bank Holding Company Conversion
Facing total catastrophic collapse, the firm converts into a traditional bank holding company to survive the global financial crisis.
2009Morgan Stanley
The Smith Barney Acquisition
then-CEO James Gorman masterminds the acquisition of Smith Barney, instantly creating a dominant retail wealth management leader.
2013Wipro
Non-IT businesses demerged
Consumer care, lighting, and infrastructure engineering businesses move to the unlisted Wipro Enterprises.
2018Morgan Stanley
Acquired Mesa West
Morgan Stanley acquired Mesa West in March 2018.
2019Wipro
Rishad Premji becomes Executive Chairman
Azim Premji retires from the executive role and his son Rishad Premji takes over as chairman.
2020Morgan Stanley
E*TRADE Acquisition
Morgan Stanley dominates the self-directed brokerage market by acquiring E*TRADE for $13 billion.
2021Morgan Stanley
Acquired Eaton Vance
Morgan Stanley acquired Eaton Vance for $7 billion. Morgan Stanley acquired Eaton Vance for about $7B, completed in March 2021, adding Parametric, Calvert, and Atlanta Capital.
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.
2024Morgan Stanley
Ted Pick Appointed CEO
Following a competitive internal succession, Ted Pick takes the helm to heavily drive the integration strategy.
2024Wipro
Srini Pallia named CEO
Srini Pallia succeeds Thierry Delaporte as CEO and Managing Director in April 2024.
2026Wipro
Rs 150 billion buyback approved
Alongside FY2026 results in April 2026, the board approves a Rs 150 billion share buyback.
Acquisitions
Morgan Stanley
- Eaton Vance2021$7B
- E*TRADE2020$13B
- Smith Barney2009Undisclosed
Wipro
- Harman Digital Transformation Solutions2025$375M
- Rizing2022$540M
- Capco2021$1.4B
- Appirio2016$500M
- Infocrossing2007$600M
Questions about Morgan Stanley vs Wipro
Who is the CEO of Morgan Stanley and Wipro Limited?
Morgan Stanley is led by Ted Pick 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 Morgan Stanley founded vs Wipro Limited?
Morgan Stanley was founded in 1935 — 10 years before Wipro Limited, which was founded in 1945. Morgan Stanley'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 Morgan Stanley have compared to Wipro Limited?
Morgan Stanley employs approximately 83,000 people, while Wipro Limited employs approximately 228,000. Wipro Limited has the larger workforce at 228,000 employees, compared to Morgan Stanley's 83,000. A higher headcount does not necessarily imply greater efficiency — it often reflects differences in business model (e.g., manufacturing vs. software).
Where are Morgan Stanley and Wipro Limited headquartered?
Morgan Stanley is headquartered in United States 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 Morgan Stanley and Wipro Limited?
Morgan Stanley was founded by Henry S. Morgan, Harold Stanley. Wipro Limited was founded by Mohamed Hasham Premji.
Which company has a longer operating history — Morgan Stanley or Wipro Limited?
Morgan Stanley has been operating for approximately 91 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 Morgan Stanley vs Wipro overview