Ayala Corporation (Spanish: ''Corporación Ayala'', formerly ''Ayala y Compañía'' (Ayala & Company)) is the

publicly listed A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in Over-the-counter (finance), over-the-counter markets. A public (publicly traded) comp ...

holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...

for the diversified interests of the Ayala Group. Founded in the

Philippines The Philippines (; fil, Pilipinas, links=no), officially the Republic of the Philippines ( fil, Republika ng Pilipinas, links=no), * bik, Republika kan Filipinas * ceb, Republika sa Pilipinas * cbk, República de Filipinas * hil, Republ ...

by Domingo Róxas and Antonio de Ayala during the Spanish colonial rule, it is the country's oldest and largest

conglomerate Conglomerate or conglomeration may refer to: * Conglomerate (company) * Conglomerate (geology) * Conglomerate (mathematics) In popular culture: * The Conglomerate (American group), a production crew and musical group founded by Busta Rhymes ** Co ...

. The company has a portfolio of diverse business interests, including investments in retail, education, real estate, banking, telecommunications,

water infrastructure A water supply network or water supply system is a system of engineered hydrologic and hydraulic components that provide water supply. A water supply system typically includes the following: # A drainage basin (see water purification – source ...

renewable energy Renewable energy is energy that is collected from renewable resources that are naturally replenished on a human timescale. It includes sources such as sunlight, wind, the movement of water, and geothermal heat. Although most renewable energy ...

electronics The field of electronics is a branch of physics and electrical engineering that deals with the emission, behaviour and effects of electrons using electronic devices. Electronics uses active devices to control electron flow by amplification ...

, information technology, automotive, healthcare, management, and

business process outsourcing Outsourcing is an agreement in which one company hires another company to be responsible for a planned or existing activity which otherwise is or could be carried out internally, i.e. in-house, and sometimes involves transferring employees and ...

. As of November 2015, it is the country's largest corporation in terms of assets ($48.7B).

History

Ayala y Compañía was established in 1876 and traces its origins to Casa Róxas, a partnership established in 1834 between Domingo Róxas and Antonio de Ayala. Casa Róxas began with the formation of a distillery which became known as the maker of

Ginebra San Miguel Ginebra San Miguel Inc. (GSMI, ) () (formerly, La Tondeña Distillers, Inc.) is a Philippines-based diversified beverage company majority-owned by San Miguel Corporation (SMC). History La Tondeña was established in 1902 by Carlos Palanca, S ...

. The distillery ultimately known as the Ayala Distillery was acquired by La Tondeña, Inc. in 1929. In 1888, the company introduced the first

tramcar A tram (called a streetcar or trolley in North America) is a rail vehicle that travels on tramway tracks on public urban streets; some include segments on segregated right-of-way. The tramlines or networks operated as public transport are ...

service in the Philippines. The company participated in the construction of the

Ayala Bridge Ayala Bridge, in Filipino ''"Tulay ng Ayala"'' and in Spanish ''"Puente de Ayala"'', is a steel truss bridge over the Pasig River in Manila, Philippines. It connects the districts of Ermita and San Miguel, passing over the western tip of Isla ...

over the

Pasig River The Pasig River ( fil, Ilog Pasig) is a water body in the Philippines that connects Laguna de Bay to Manila Bay. Stretching for , it bisects the Philippine capital of Manila and Metro Manila, its surrounding urban area into northern and souther ...

in Manila. Originally built of wood in 1872, the bridge was reconstructed in steel in 1908 to become the first steel bridge in the Philippines. The company was responsible for the urban development of

Makati Makati ( ), officially the City of Makati ( fil, Lungsod ng Makati), is a 1st class highly urbanized city in the National Capital Region of the Philippines. Makati is the financial center of the Philippines; it has the highest concentration ...

after

World War II World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposin ...

. Ayala y Compañía shifted from a partnership to a corporation with the establishment of Ayala Corporation in 1968 and became Public company in 1976. Ayala Corporation welcomed the minority investment of

Mitsubishi Corporation is Japan's largest trading company (sogo shosha) and a member of the Mitsubishi keiretsu. As of 2022, Mitsubishi Corporation employs over 80,000 people and has ten business segments, including finance, banking, energy, machinery, chemicals, an ...

as its strategic partner in 1974. In 2011, Ayala Corporation began building its renewable energy portfolio, beginning with a joint venture with

Mitsubishi The is a group of autonomous Japanese multinational companies in a variety of industries. Founded by Yatarō Iwasaki in 1870, the Mitsubishi Group historically descended from the Mitsubishi zaibatsu, a unified company which existed from 1870 ...

for solar power and Sta. Clara Power for

run-of-the-river Run-of-river hydroelectricity (ROR) or run-of-the-river hydroelectricity is a type of hydroelectric generation plant whereby little or no water storage is provided. Run-of-the-river power plants may have no water storage at all or a limited amou ...

hydro power, and the purchase of the iconic Northwind farm for wind power. Ayala will contribute 1000 MW to the Philippine power supply, by 2015. ''

FinanceAsia ''FinanceAsia'' is a Hong Kong-based publication reporting on Asia’s financial and capital markets through a daily website and monthly magazine. At the end of 2005, ''FinanceAsia'' was acquired by Haymarket Group, the largest privately owned pub ...

'' named Ayala Corporation as the best-managed company in the Philippines in 2010 and 2015, as well as best for corporate governance and best for corporate social responsibility.

Attached companies and investments

Real estate

* Alveo Land *

Ayala Land Ayala Land, Inc. (ALI) is a real estate firm based in the Philippines. It is a subsidiary of Ayala Corporation. It began as a division of Ayala Corporation until it was spun off and incorporated in 1988. It became publicly listed in the Phili ...

Inc. ** AyalaLand Logistics Holdings Corp. (ALLHC) **

Ayala Malls Ayala Malls is a retail subsidiary of real estate company Ayala Land, an affiliate of Ayala Corporation. Founded in 1988, Ayala Malls own a chain of large shopping malls, all located in the Philippines. Ayala Malls is the one of the largest sho ...

** Makati Development Corp. (MDC) * AG Holdings, Ltd. * Avida Land * Amaia Land * Bellavita * Portico Land Corp. - joint venture with

* Roxas Land Corp. - joint venture with

Bank of the Philippine Islands Bank of the Philippine Islands ( fil, Bangko ng Kapuluang Pilipinas, es, Banco de las Islas Filipinas, commonly known as BPI; ) is a universal bank in the Philippines. It is the first bank in both the Philippines and Southeast Asia. It is t ...

and

Hongkong Land Hongkong Land (HKL) is a property investment, management and development group with commercial and residential property interests across Asia. It owns and manages some 850,000 sq. m. of office and retail property in Asia, principally in Hong K ...

* Regent Wise Investments Limited ** MCT Consortium Berhad (32.95% ownership, based in Malaysia) * Ortigas & Company Limited Partnership - Since November 2014, Ayala and

SM Prime Holdings SM Prime Holdings, Inc. (SMPH) is a Filipino integrated property developer and a public subsidiary of SM Investments Corporation. It was incorporated on January 6, 1994, to develop, conduct, operate and maintain the SM commercial shopping cent ...

ended their dispute over the ownership of OCLP Holdings, the parent of Ortigas & Company. Ayala has recently sealed a deal with a group led by Ignacio Ortigas for the development of the Ortigas family's land bank area. * Trident Infrastructure and Development Corporation (TIDC) - Formerly known as "Team Trident" and "the super consortium", is a joint-venture between Aboitiz Equity Ventures, Inc. (AEV), Ayala Land Inc. (ALI),

Megaworld Corporation Megaworld Corporation () is a real-estate company in the Philippines. It is listed on the Philippine Stock Exchange Composite Index. The company develops large-scale, mixed-use, planned communities incorporating residential, commercial, educat ...

(MEG) and SM Prime Holdings, Inc. (SMPH). It is aimed to develop the Laguna Lakeshore Expressway and Dike Project (LLEDP). * Ayala-GT Capital - In May 2015, through Ayala's Alveo Land and GT Capital's Federal Land, the two corporations will develop a 45-hectare property in Biñan, Laguna, aimed towards mid-range and high-end markets.

Financial services

GCash GCash, is a Philippine mobile wallet, mobile payments and branchless banking service. Introduced in 2004, it is owned by Mynt (formerly Globe Fintech Innovations, Inc.), which is a joint venture between Ant Group, an affiliate company of the Ali ...

Telecommunications

Globe Telecom, Inc. Globe Telecom, Inc., commonly shortened as Globe, is a major provider of telecommunications services in the Philippines. The company operates the largest mobile network in the Philippines and one of the largest fixed-line and broadband networks ...

Utilities

Manila Water Company Inc. Manila Water Company, Inc. has the exclusive right to provide water and used water (wastewater) services to over six million people in the East Zone of Metro Manila. It is a subsidiary of the country's oldest conglomerate, Ayala Corporation. In ...

Power and transport

AirSWIFT AirSWIFT (formerly Island Transvoyager) is a Filipino regional boutique airline with a permit to operate domestic scheduled and non-scheduled air transportation services. It also serves the aircraft transportation requirements of its affiliated c ...

* Ayala Corporation Energy Holdings, Ltd. - is the power unit of Ayala Corporation, with investments in the development of conventional as well as solar, wind, and mini-hydro energy sources. * AC Infrastructure Holdings Corp. - pursues toll road, rail and airport projects under government's public-private partnership program. **

Muntinlupa–Cavite Expressway The Muntinlupa–Cavite Expressway (MCX), signed as E2 of the Philippine expressway network, is a controlled-access toll expressway linking the southern province of Cavite to Muntinlupa in the Philippines. It is currently the shortest expresswa ...

- The 4 km., 4-lane expressway connects the Daang Hari and Daang Reyna roads in Las Pinas/Bacoor. **

Light Rail Manila Corporation Light Rail Manila Corporation (LRMC) is a rail service company based in Pasay, Metro Manila, Philippines. It is a consortium of three major infrastructure companies engaged in the operation and maintenance of the Manila Light Rail Transit Syste ...

- a consortium between the Ayala Corporation,

Metro Pacific Investments Corporation Metro Pacific Investments Corporation (MPIC) is a Philippine-based unit investment holding company of First Pacific Company Limited through Metro Pacific Holdings, Inc. MPIC through its subsidiaries, provides water, sanitation, and sewerage se ...

, and

Sumitomo Corporation is one of the largest worldwide ''sogo shosha'' general trading companies, and is a diversified corporation. The company was incorporated in 1919 and is a member company of the Sumitomo Group. It is listed on three Japanese stock exchanges ( ...

for the Line 1 Common Station, Concession, and Bacoor Extension. ** AF Payments, Inc. (10%) - another consortium between the Ayala Corporation and

regarding the unified Automated Fare Collection System ( Beep card) for Line 1-3, and eventually also for the PNR and other public transport. **

North Avenue Grand Central station North Triangle Common Station (official temporary designation: ''Unified Grand Central Station'', also called Grand Central Station), popularly known as the Common Station, is an under-construction rapid transit terminal and transport hub that ...

- the Unified Grand Central Station, is an interchange station currently in development by its stakeholders Metro Pacific Corporation, SMC-MRT7 of San Miguel Corporation, SM Prime Holdings, and Ayala Corporation. ** Entrego (60%) - courier and express parcel management that serve Zalora Philippines.

Manufacturing and automotive

* AC Industrial Technology Holding, Inc. (AC Industrials) **

Integrated Micro-Electronics, Inc. Integrated Micro-electronics, Inc. (abbreviated as IMI, ) provides electronics manufacturing services (EMS) and power semiconductor assembly and test services (SATS) with manufacturing facilities in Asia, Europe, and North America. Its headquarters ...

(IMI) **

Honda is a Japanese public multinational conglomerate manufacturer of automobiles, motorcycles, and power equipment, headquartered in Minato, Tokyo, Japan. Honda has been the world's largest motorcycle manufacturer since 1959, reaching a product ...

Cars Makati, Inc. and

Cars Cebu, Inc. - Established in October 1990, Ayala Automotive Holdings began with a 12.9% stake in the P1.1B investment for the local operations and production plant of Honda Cars Philippines. ** Isuzu Automotive Dealership, Inc. ** Isuzu Philippines Corporation (IPC) (owns 15%) **

Volkswagen Volkswagen (),English: , . abbreviated as VW (), is a German Automotive industry, motor vehicle manufacturer headquartered in Wolfsburg, Lower Saxony, Germany. Founded in 1937 by the German Labour Front under the Nazi Party and revived into a ...

Philippines **

Maxus SAIC Maxus Automotive Co., Ltd. trading as Maxus and sometimes known by the pinyin transcription of its Chinese name, Datong (大通) is a Chinese vehicle brand. Currently, it is a commercial and passenger vehicle manufacturer being a wholly o ...

PHilippines, Inc **

Kia Philippines Kia Corporation, commonly known as Kia (, ; formerly known as Kyungsung Precision Industry and Kia Motors Corporation), is a South Korean multinational corporation, multinational Automotive industry, automobile manufacturer headquartered in Seo ...

, Inc ** Adventure Cycle Philippines, Inc. (

KTM KTM AG (Kraftfahrzeug Trunkenpolz Mattighofen, formerly KTM Sportmotorcycle AG) is an Austrian motorcycle, bicycle and sports car manufacturer owned by Pierer Mobility AG and the Indian manufacturer Bajaj Auto. It was formed in 1992 but traces ...

Philippines) ** ACI Solar Holdings North America *** Merlin Solar Technologies Inc. ** AC Industrials Singapore *** Misslbeck Technologies GmbH

Social infrastructure

*Ayala Healthcare Holdings, Inc. ** Healthway Philippines ** Generika - Drugstore chain, with 50% stake ** MedGrocer * QualiMed - Hospitals and clinics, a joint-venture with Mercado General Hospital Inc.(MGHI) and Ayala Land, Inc. *Ayala Education, Inc. (AEI) **

University of Nueva Caceres , image = Seal of University of Nueva Caceres.png , image_size = 175px , caption = Seal , former_name = Nueva Caceres Colleges (1948) , motto = ''Non Scholæ Sed V ...

- Ayala Education's flagship University ** Affordable Private Education Center, Inc. (APEC Schools) - a joint venture between the Ayala Corporation and

Pearson PLC Pearson plc is a British multinational corporation, multinational publishing and education company headquartered in London, England. It was founded as a construction business in the 1840s but switched to publishing in the 1920s.J. A. Spende ...

's Affordable Learning Fund (Pearson ALF). It promotes affordable but high-quality education. ** Professional Employment Program (PEP) ** National Teacher's College (33%)

Nonprofit organizations

* Ayala Foundation ** CENTEX ** Ayala Museum ** Philippine Development Foundation ** Ayala Technology Business Incubator ** Filipinas Heritage Library ** Ayala Social Initiatives

Business process outsourcing, Logistics and Digital businesses

* LiveIt Investments, Ltd. * Affinity Express * HRMall * Zalora Philippines

Divestments

* Grail Research * IQ BackOffice, Inc. * The Insular Life Assurance Co., Ltd. - Mutual company owned by policyholders since 1987. * Integreon * Philippine

FamilyMart is a Japanese convenience store franchise chain. It is Japan's second largest convenience store chain, behind 7-Eleven. There are now 24,574 stores worldwide in Japan, Taiwan, China, Philippines, Thailand, Vietnam, Indonesia, and Malaysia. Its ...

CVS, Inc. - Joint venture with Stores Specialists, Inc., Japan FamilyMart, and

Itochu Corporation is a Japanese corporation based in Umeda, Kita-ku, Osaka and Aoyama, Minato, Tokyo. It is one of the largest Japanese ''sogo shosha'' (general trading companies). Among Japanese trading companies, it is distinguished by not being descende ...

. Acquired by

Phoenix Petroleum Philippines, Inc. Phoenix Petroleum Philippines, Inc. () is the first independent oil company to be listed in the Philippine Stock Exchange after the Oil Deregulation Law was passed in 1998. It is the first company from Davao City to be listed in the Philippine ...

in 2018. *Pilipinas Makro Inc. (defunct) - initially a joint venture partnership between Ayala,

SM Investments Corporation SM Investments Corporation (SMIC), also known as SM Group, is a Filipino conglomerate with interests in shopping mall development and management, retail, real estate development, banking, and tourism. Founded by Henry Sy, it has become one of ...

(

), and the Netherlands' SHV Holdings NV formed to own and operate

Makro Makro is a Dutch international brand of warehouse clubs, also called cash and carry stores. Makro was founded by SHV Holdings, a Dutch conglomerate based in Utrecht in partnership with German company Metro AG, with the first warehouse club ...

branches in the Philippines. Ayala divested from the company in 2004. * Pure Foods Corporation - sold to

San Miguel Corporation San Miguel Corporation, abbreviated as SMC, is a Philippine Multinational corporation, multinational Conglomerate (company), conglomerate headquartered in Mandaluyong, Metro Manila. The company is one of the largest and most diversified congl ...

in 2001. *

Stream Global Services Stream Global Services (formerly known as Global BPO Services Corp.), was a BPO company acquired by Convergys through a definitive merger, together with more than 37,000 employees in 22 countries and 50 contact centers. The footprint of the compa ...

- sold to

Convergys Convergys Corporation was a corporation based in Cincinnati, Ohio, that sold customer management and information management products, primarily to large corporations. Customer management products included agent assisted, self-service and care sof ...

in 2014 for $820 million.

Retirement of Jaime Zóbel de Ayala

In January 2006, the board of directors publicly announced the decision by Jaime Zóbel de Ayala to retire as chairman of the corporation by April 2006. The board also announced his appointment as chairman ''emeritus'' upon his retirement. His eldest son, Jaime Augusto Zóbel de Ayala, succeeded him as chairman and chief executive officer, while his younger son, Fernando Zóbel de Ayala, has assumed the position of president and chief operating officer. The Zóbel de Ayala family's holding company, Mermac, Inc., continues to hold the controlling stake (49%) in Ayala Corporation."Zobel retires as Ayala chairman," ''Manila Bulletin'', January 2006

References

External links

Ayala Corporation website

Ayala at 175 magazine

{{Authority control Conglomerate companies of the Philippines Financial services companies of the Philippines Holding companies of the Philippines Companies based in Makati Makati Central Business District Financial services companies established in 1834 1834 establishments in the Philippines Companies listed on the Philippine Stock Exchange