Koç Holding A.Ş. (Turkish pronunciation: [kotʃ]) is the largest industrial conglomerate in Turkey, and the only company in the country to be listed on the Fortune Global 500 as of 2023.[5] The company, headquartered in Nakkaştepe, Istanbul, is controlled by the Koç family, one of Turkey's wealthiest families.[6]
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| Company type | Holding Company |
|---|---|
| BİST: KCHOL | |
| Industry | Conglomerate |
| Founded | 31 May 1926[1] |
| Founder | Vehbi Koç |
| Headquarters | |
Area served | Worldwide |
Key people | |
| Products | Energy, automotive, consumer durables, finance, retail, construction, tourism, shipping, defence, information technology, investment, food |
| Revenue | US$67.483 billion (2023)[3] |
| US$7.563 billion (2023) | |
| US$4.001 billion (2023)[3] | |
| Total assets | US$112.936 billion (Q3/ 2024)[3] |
| Total equity | US$24.693 billion (Q3/ 2024)[3] |
Number of employees | 123.970 (2024)[3] |
| Subsidiaries | List
|
| Website | koc.com.tr |
The company was organised into its current form in 1963 when founder Vehbi Koç, who established his first firm in 1926, combined all the companies bearing his name into Koç Holding.
History
editThe first firm that was to become Koç Holding was established in 1926 by Vehbi Koç.[7] In 1984, Vehbi Koç handed his position as chairman of the board over to his son Rahmi M. Koç.[7] In September 1988, the company moved its headquarters from Fındıklı, Istanbul, to Nakkaştepe on the Anatolian part of Istanbul.[7] On 4 April 2003, Rahmi Koç retired and handed his position over to his eldest son Mustafa V. Koç. Rahmi Koç retained the title of honorary chairman and a seat on the board of directors.[8] In February 2015, Levent Çakıroğlu replaced Turgay Durak as CEO.[9] In 2016 Q1, Ömer Koç became the chairman of the board following the death of Mustafa V. Koç.[10]
Operations
editThe shares of 16 Koç Group companies are traded on the Istanbul Stock Exchange; together, the groups comprise 113 companies, with 124,000 employees, and 14,000 dealers, agencies, and after-sales services people.[11]
Group companies
editSource:[12]
Energy
edit- Akpa A.Ş.
- Aygaz A.Ş.
- Demir Export A.Ş. – the operator of Eynez coal mine
- Ditaş Deniz İşletmeciliği ve Tankerciliği A.Ş.
- Entek Elektrik Üretimi A.Ş.
- Körfez Ulaştırma A.Ş.
- Opet Fuchs Madeni Yağ A.Ş.
- Opet Petrolcülük A.Ş.
- THY OPET Havacılık Yakıtları A.Ş.
- Tüpraş – Türkiye Petrol Rafinerileri A.Ş.
Finance
edit- Koç Finansman A.Ş.
- Yapı ve Kredi Bankası A.Ş.
- Yapı Kredi Faktoring A.Ş.
- Yapı Kredi Portföy Yönetimi A.Ş.
- Yapı Kredi Finansal Kiralama A.O.
- Yapı Kredi Yatırım Menkul Değerler A.Ş.
- Yapı Kredi Kültür ve Sanat Yayıncılık Tic.ve San. A.Ş.
Consumer Durables
edit- Arçelik A.Ş. – the electronics and home appliances division which includes Beko, Grundig, Indesit
- Arçelik-LG Klima – JV between Arçelik and LG Electronics focused on air conditioning units
- Wat Motor San. ve Tic. A.Ş.
- Defy Appliances Ltd.
Automotive
edit- Ford Otomotiv San. A.Ş.
- Koç Fiat Kredi Finansman A.Ş.
- Otokar Otobüs Karoseri San. A.Ş.
- Otokar Otomotiv ve Savunma Sanayi A.Ş.
- Otokoç Otomotiv Tic. ve San. A.Ş.
- Otokoç Sigorta Aracılık Hizmetleri A.Ş.
- TOFAŞ Türk Otomobil Fabrikası A.Ş.
- Türk Traktör ve Ziraat Makinaları A.Ş.
Other Lines of Business
edit- Ark İnşaat A.Ş.
- Bilkom A.Ş.
- Divan Turizm İşletmeleri A.Ş.
- Düzey Tüketim A.Ş.
- Ingage Dijital Pazarlama A.Ş.
- Inventram A.Ş.
- Koç Bilgi ve Savunma Teknolojileri A.Ş.
- KoçDigital Çözümler A.Ş.
- Koçtaş Yapı Marketleri A.Ş.
- KoçSistem Bilgi ve İletişim Hizm. A.Ş.
- Ram Dış Ticaret A.Ş.
- RMK Marine Gemi Yapım Sanayi ve Deniz Taşımacılığı İşletmesi A.Ş.
- Setair Hava Taşımacılığı ve Hizm. A.Ş.
- Setur Marinaları Marina ve Yat İşletmeciliği
- Setur Servis Turistik A.Ş.
- Tanı Pazarlama ve İletişim Hizmetleri A.Ş.
- Tat Gıda Sanayi A.Ş.
- Tek-Art Kalamış ve Fenerbahçe Turizm Tesisleri A.Ş.
- Zer Merkezi Hizmetler A.Ş.
References
edit- ^ "Koç Holding | History".
- ^ "Key People". Koç Holding A.Ş. Archived from the original on 21 January 2012. Retrieved 16 June 2012.
- ^ a b c d e "Koc Holding". Fortune GLobal 500. Fortune. Retrieved 24 August 2024.
- ^ "Group Companies". Koç Holding A.Ş. Archived from the original on 18 June 2012. Retrieved 16 June 2012.
- ^ "Fortune Global 500". Fortune. Retrieved 9 September 2023.
- ^ "Forbes, 2010 yılının milyarderler listesini açıkladı". 11 March 2010. Retrieved 24 April 2015.
- ^ a b c Salihovic, Elnur (5 October 2015). Major Players in the Muslim Business World. Universal-Publishers. ISBN 978-1-62734-052-6.
- ^ The Economist. Economist Newspaper Limited. 2003.
- ^ "UPDATE 1-Turkish conglomerate Koc Holding names new CEO". reuters.com. 17 February 2015. Retrieved 3 April 2017.
- ^ Wires, Daily Sabah with (22 February 2016). "Ömer Koç becomes chairman of Turkey's largest conglomerate after death of brother Mustafa Koç". Daily Sabah. Retrieved 14 May 2020.
- ^ Yamak, Sibel; Ertuna, Bengi (22 March 2017). A Primer on Corporate Governance: Turkey. Business Expert Press. ISBN 978-1-60649-883-5.
- ^ "Koç Holding | Sektörler". www.koc.com.tr. Retrieved 14 August 2023.