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Koç Holding
Koç Holding A.Ş. () is the largest industrial conglomerate in Turkey, and the only company in the country to be listed on the Fortune Global 500 as of 2016. The company, headquartered in Nakkaştepe, Istanbul, is controlled by the Koç family, one of Turkey's wealthiest families. The company was formed in 1963 when founder Vehbi Koç, who established his first firm in 1926, combined all of the companies bearing his name into Koç Holding. History The first firm that was to become Koç Holding was established in 1926 by Vehbi Koç. In 1984, Vehbi Koç handed his position as chairman of the board over to his son Rahmi M. Koç. In September 1988, the company moved its headquarters from Fındıklı, Istanbul, to Nakkaştepe on the Anatolian part of Istanbul. On April 4, 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. In February 2015, Levent Çak ...
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Vehbi Koç
Ahmet Vehbi Koç (20 July 1901 – 25 February 1996) was a Turkish entrepreneur and philanthropist who founded the Koç Holding, Koç Group, one of Turkey’s largest groups of companies. During his lifetime he came to be one of Turkey's wealthiest citizens. He was also a well-known philanthropist with interests in health, education and the arts. Early life Vehbi Koç was born in 1901 in Çorakalı, a predominantly Muslim neighbourhood of Ankara. He then lived in a vineyard estate in the Keçiören district, since absorbed into Ankara. Purchased by his father in 1923, the property, which was left vacant after the Kasapyan family moved to Istanbul from Ankara during the Armenian Genocide, was later acquired by Koç and became the Vehbi Koç museum in 1944 after a thorough renovation. Business career Koç began his working career in 1917 at the small grocery store his father opened for him in Ankara. The first firm he established was called Koçzade Ahmet Vehbi and was reg ...
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Ömer Koç
Mehmet Ömer Koç (born March 24, 1962) is a Turkish businessman, art collector, and chairman of Koç Holding. Koç, in 2013 ''Forbes'' estimated his net worth at US$1.1 billion. Early life Koç was born on March 24, 1962, in Ankara, Turkey. A third generation of the Koç family, he is the second son of Rahmi Koç and grandson of Vehbi Koç, founder of Koç Holding. He graduated from Robert College in Istanbul, attended Millfield School in England, studied at Georgetown University before graduating from Columbia College in 1985 with a bachelor's degree in Ancient Greek. He obtained his MBA from Columbia Business School in 1989. Career Koç began his business career working at Kofisa Trading Company in Geneva, Switzerland. He joined the family business in 1992 as a finance coordinator and was vice president and president of the Energy Group. He became a member of the board of directors in 2004 and vice chairman in 2008. Shortly after his brother, Mustafa Vehbi Koç, died aft ...
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Rahmi Koç
Mustafa Rahmi Koç (born 9 October 1930) is a Turkish businessman. In 2016, Forbes ranked him No. 906 richest person in the world with a net worth of $2.6 billion. In 2013, he was the Turkish person who paid the most income taxes in his country, totalling 37.5 million lira. Biography Early life Rahmi Koç was the only son of one of Turkey's wealthiest men Vehbi Koç. He attended high school at Robert College in Istanbul after his primary education in Ankara. Rahmi Koç then studied at the Johns Hopkins University in the US and received his Bachelor of Arts, BA in industrial management. Career Following his military service, he started actively working for the Koç Group in 1958, joining the Otokoç Company in Ankara. In 1960, he transferred to Koç Ticaret, which represented the Koç Group in Ankara. Following the relocation of the Koç Holding headquarters from Ankara to Istanbul in 1964, which was established a year earlier, he became general coordinator of Ko ...
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Koç Family
The Koç family is a Turkish family of business people founded by Vehbi Koç, one of the wealthiest self-made people in Turkey. His grandsons, the third generation of the Koç family, today run Turkey's largest group of companies, Koç Holding, the only Turkish company on the Fortune Global 500 list. In 2016, the family's wealth was estimated at US$8 billion, ranking them as the wealthiest family in Turkey. According to Murat Bardakçı, their lineage can be traced to Hacı Bayram-ı Veli. Notable family members * Vehbi Koç was born on July 20, 1901, in Ankara and died on February 25, 1996, in İstanbul. In 1926, he married Sadberk, his maternal cousin. Starting in trade at a very young age, he built up a broad net of companies, and founded Koç Holding in 1963. He became the richest person in Turkey. His son Rahmi Mustafa Koç and his three daughters, Semahat, Sevgi and Suna, succeeded him. * Semahat Sevim Koç, born 1928 in Ankara, is the first child of Vehbi Koç. She grad ...
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Fortune Global 500
The ''Fortune'' Global 500, also known as Global 500, is an annual ranking of the top 500 corporations worldwide as measured by revenue. The list is compiled and published annually by ''Fortune'' magazine. Methodology Until 1989, it listed only non-United States industrial corporations under the title "International 500" while the ''Fortune'' 500 contained and still contains exclusively United States corporations. In 1990, United States companies were added to compile a truly global list of top industrial corporations as ranked by sales. Since 1995, the list has had its current form, listing also top financial corporations and service providers by revenue. Several inconsistencies exist in ''Fortune'' ranking of cities with the most ''Fortune'' 500 headquarters. On June 3, 2011, the ''Atlanta Business Chronicle'' stated examples of ''Fortune'' including regional headquarters for some cities, excluding regional headquarters for other cities and in some cases excluding headquarte ...
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Turkey
Turkey ( tr, Türkiye ), officially the Republic of Türkiye ( tr, Türkiye Cumhuriyeti, links=no ), is a list of transcontinental countries, transcontinental country located mainly on the Anatolia, Anatolian Peninsula in Western Asia, with a East Thrace, small portion on the Balkans, Balkan Peninsula in Southeast Europe. It shares borders with the Black Sea to the north; Georgia (country), Georgia to the northeast; Armenia, Azerbaijan, and Iran to the east; Iraq to the southeast; Syria and the Mediterranean Sea to the south; the Aegean Sea to the west; and Greece and Bulgaria to the northwest. Cyprus is located off the south coast. Turkish people, Turks form the vast majority of the nation's population and Kurds are the largest minority. Ankara is Turkey's capital, while Istanbul is its list of largest cities and towns in Turkey, largest city and financial centre. One of the world's earliest permanently Settler, settled regions, present-day Turkey was home to important Neol ...
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Yapı Kredi
Yapı Kredi is one of the first nationwide commercial banks in Turkey, and is the fourth largest publicly owned bank in Turkey by its asset size. It was established in 1944 by Kazım Taşkent. Assets of the bank include credit cards, assets under management, non-cash loans, leasing, factoring, private pension funds and non-life insurance. The combined financial services network of the bank consists of 835 branches across the country with over 13 million customers. The bank offers vehicle loans, consumer loans, housing loans and commercial loan supports. Yapı Kredi Emeklilik A.Ş is one of the largest pension and life insurance providers in Turkey and has been a major force in the growth and development of pension schemes and group insurance in the country. Its sister company, Yapı Kredi Sigorta A.Ş., is the second largest health insurer in Turkey. Together, the companies provide coverage to approximately 700,000 insureds. History Yapı Kredi was acquired by Mehmet Emin Kara ...
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Tüpraş
Türkiye Petrol Rafinerileri A.Ş. is a company in Turkey, operating four refineries with a total capacity to handle an annual 30 mn tons of crude. Introduction Tüpraş operates four oil refineries, three of which process imported crude. The 11 million tonnes a year Izmit refinery at Izmit in north west Turkey and the 11 million tonnes/yr Izmir refinery at Aliaga on Turkey's central Aegean coast process crude from global markets delivered by tanker while the 5 million tonnes/yr Kirikkale refinery at Kirrikale in central Turkey processes crude delivered to Turkey's Mediterranean oil hub at Ceyhan and transited to the refinery via a bespoke pipeline. The fourth refinery, the 1.1 million tonnes/yr batman refinery processes crude produced a myriad small oil fields in south east Turkey delivered to the refinery both via an existing pipeline network and by road tanker. Tupras also owns a majority stake (79,98%) in the shipping company DİTAŞ and, since 2006, a 40% ownership of petrol ...
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Tofaş
Tofaş (acronym for ''Türk Otomobil Fabrikası Anonim Şirketi''; ''Turkish Automobile Factory Joint-Stock Company'' pronounced ) is a Turkish automobile manufacturer which was established in 1968 by Vehbi Koç, who was the founder of Koç Holding, based in Bursa, where the manufacturing plant of the company is located. It is jointly owned by Stellantis and Koç Holding (37.8% of the company's shares belong to Stellantis (through Fiat Group Automobiles); 37.8% to Koç Holding; and 24.3% freefloat). Tofaş manufactures both passenger cars and light commercial vehicles. It is one of the biggest automakers in the sector with its 7,000 employees and 450,000 vehicles annual production capacity. Tofaş manufactures for the Fiat, Citroën, Peugeot, Opel, Vauxhall and RAM brands in Bursa, which has achieved for it the “Gold Level” within the scope of the WCM-World Class Manufacturing Program that is implemented in the 175 plants within the framework of Stellantis. Tofaş plays a l ...
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Otokar
Otokar Otomotiv ve Savunma Sanayi A.Ş., also known simply as Otokar, is a Turkish bus and military vehicle manufacturer headquartered in Sakarya, Turkey. Otokar is a subsidiary of Koç Holding. History Otokar was founded in 1963 as Turkey's first bus manufacturing company under the license of Magirus-Deutz. The company was noted for manufacturing the most modern buses and modern intercity vehicles for that period. In the early 1980s, Otokar started production of Deutz-powered vehicles with local components. During this period, Turkey's largest conglomerate, Koç Holding, purchased major share of Otokar. Within its public transportation strategies in the early 1980s, the company added intercity bus to its lineup. In the mid-1980s, Otokar manufactured the first Turkish armoured vehicle as an armoured car by acquiring the manufacturing license of Jaguar Land Rover. In 1987, the Turkish Armed Forces ordered Otokar to manufacture military Land Rover Defender in Turkey in cooper ...
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Ford Otosan
Ford Otomotiv Sanayi A.Ş. (''Ford Automotive Industry'') is an automotive manufacturing company based in Turkey that is equally owned by Ford Motor Company and Koç Holding. It was established in its current form in 1977, with original relations dating back to 1928. It currently operates five facilities throughout the country, and is headquartered in Gölcük, Kocaeli, Gölcük, with a second location in İnönü, Eskişehir, İnönü. History The collaboration began in 1928, when Vehbi Koç was assigned as a Ford dealer in Ankara. The following year, the Turkish national assembly granted Ford the right to install a local assembly operation in a free zone located in Istanbul's port area. Limited numbers of vehicles were assembled there until 1934, when these activities were suspended. In 1959, the foundation of the Otosan factory was held in Istanbul, and in 1960 the Ford Consul was the first model to be produced at the plant, followed by the Ford Thames 300E, Thames and the Ford ...
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