Koç Holding

For other uses, see KOC (disambiguation).
Koç Holding
Anonim şirket
Traded as BİST: KCHOL
Industry Conglomerate
Founded 1926
Founder Vehbi Koç
Headquarters Nakkaştepe, Istanbul
Area served
 Worldwide
Key people
 Mustafa Koç (Chairman)
Turgay Durak (CEO)
Ahmet Ashaboğlu (CFO)[1]
Products Energy, automotive, consumer durables, finance, retail, construction, tourism, shipping, defence, information technology, investment, food
Revenue Increase 160 Billion (2014)[2]
Increase 3.33 Billion (2014)[2]
Increase 2.71 Billion (2014)[2]
Total assets Increase 63.9 Billion (2014)[2]
Total equity Increase 20.3 Billion (2014)[2]
Number of employees
 73,000[3]
Subsidiaries

[4]

Website www.koc.com.tr/en-us/

Koç Holding A.Ş. (pronounced: Coach with a short syllable) is the top industrial conglomerate[5] in Turkey. The Koç family, one of Turkey's wealthiest families,[6] controls the company with its headquarters in Nakkaştepe,[7] Istanbul. Vehbi Koç, who established his first firm in 1926,[8] collected all of the companies bearing his name under the roof of Koç Holding on 20 November 1963 in order to centrally manage these companies and to provide optimum resource allocation.

History

Founded in 1926, Koç Holding has become one of the largest companies in Europe. The shares of 16 Koç Group companies are traded on the Istanbul Stock Exchange; together, the groups comprise 113 companies, 90,000 employees, and 14,000 dealers, agencies, and after-sales services people. Koç Holding is the only Turkish company to be listed in Fortune Global 500 list. Fortune Global 500 ranked Koç Holding at 248 for the year 2011.[9]

Headquarters

Koç Holding, previously located in Fındıklı, Istanbul, moved to its new headquarters on 12 September 1988 and continues its activities at its present location in Nakkaştepe on the Anatolian part of Istanbul.

Top management

Vehbi Koç, a firm believer in the corporate spirit, handed his position as chairman of the board over to his son Rahmi M. Koç in 1984. Rahmi Koç retired on 4 April 2003 and handed his position over to his eldest son Mustafa V. Koç. Rahmi Koç is still honorary chairman and a member of the board of directors. Currently, Koç Holding’s CEO is Levent Çakıroğlu.

Competitors

The main competitor of Koç Holding is Sabancı Holding. Koç Holding is Turkey's largest group of companies.[8]

Fields of activities

Education

The Koç School (elementary and high school) and The Koç University was established by Vehbi Koç Foundation.

Recent activities

The Koç Community, which will celebrate its 85th year this year, made a powerful start to the year. The consolidated sales revenue of Koç Holding, reached 53,812 million TL and the group raised its net profit to 1,734 million TL. With a combined investment of 1,881 million TL, 5,000 additional jobs were provided, the number of employees reaching 73,000.[10]

Group companies

References

  1. ↑ "Key People". Koç Holding A.Ş. Retrieved 2012-06-16.
  2. 1 2 3 4 5 http://www.koc.com.tr/en-us/investor-relations/financial-statements-and-statistics/statistics. Missing or empty |title= (help)
  3. ↑ "Finansal Raporlar". Retrieved 24 April 2015.
  4. ↑ "Group Companies". Koç Holding A.Ş. Retrieved 2012-06-16.
  5. ↑ "Koç only Turkish entry on Fortune Global 500 list". TodaysZaman. Retrieved 24 April 2015.
  6. ↑ "Forbes, 2010 yılının milyarderler listesini açıkladı". 11 March 2010. Retrieved 24 April 2015.
  7. ↑ http://www.koc.com.tr/en-us/Corporate/Headquarters/Pages/Nakkastepe.aspx
  8. 1 2 http://www.koc.com.tr/en-us/Corporate/History/Pages/1926_until_Today.aspx
  9. ↑ "Fortune Global 500 2011: The World's Biggest Companies". CNN.
  10. ↑ http://www.koc.com.tr/en-us/Media_Center/PressReleases/Press_Releases/KOC_PressBulletin_March11_2011.pdf

External links

Coordinates: 41°1′55″N 29°2′14″E / 41.03194°N 29.03722°E / 41.03194; 29.03722

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