Koç Holding A.Ş. () is a Turkish
multinational industrial
conglomerate headquartered in
Istanbul
Istanbul is the List of largest cities and towns in Turkey, largest city in Turkey, constituting the country's economic, cultural, and historical heart. With Demographics of Istanbul, a population over , it is home to 18% of the Demographics ...
, Turkey. It operates as the country's largest company, and the only to be listed on the
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 o ...
as of 2024. Koç Holding's contributions make up to 7% of Turkey's overall exports. The company is controlled by the
Koç family, one of Turkey's wealthiest families.
Founded in 1926 by
Vehbi Koç, it is regarded as one of the pioneering actors in the industrialization of Turkey. Subsidiaries owned by Koç Holding engage in a variety of sectors, including
banking
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital m ...
,
energy
Energy () is the physical quantity, quantitative physical property, property that is transferred to a physical body, body or to a physical system, recognizable in the performance of Work (thermodynamics), work and in the form of heat and l ...
,
automotive,
household appliances, and
defence.
History
Koç Holding traces back to a local general store established by
Vehbi Koç in
Ankara
Ankara is the capital city of Turkey and List of national capitals by area, the largest capital by area in the world. Located in the Central Anatolia Region, central part of Anatolia, the city has a population of 5,290,822 in its urban center ( ...
, Turkey's new capital under construction. It expanded the scope of business into construction and hardware, following the city's fast-tracked development that brought economic activity. In 1963, the company was organised into its current structure after merger of all industries run by Vehbi Koç under the name Koç Holding.
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
Anatolia
Anatolia (), also known as Asia Minor, is a peninsula in West Asia that makes up the majority of the land area of Turkey. It is the westernmost protrusion of Asia and is geographically bounded by the Mediterranean Sea to the south, the Aegean ...
n part of Istanbul.
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.
In February 2015, Levent Çakıroğlu replaced
Turgay Durak as CEO.
In 2016 Q1,
Ömer Koç became the chairman of the board following the death of Mustafa V. Koç.
Operations
The shares of 16 Koç Group companies are traded on the
Istanbul Stock Exchange
The Borsa Ä°stanbul (abbreviated as BIST) is the sole exchange entity of Turkey combining the former Istanbul Stock Exchange (ISE) (), the Istanbul Gold Exchange () and the Derivatives Exchange of Turkey () under one umbrella. It was establishe ...
; together, the groups comprise 113 companies, with 124,000 employees, and 14,000 dealers, agencies, and after-sales services people.
Banking Group
Acquired in 2005,
Yapı Kredi, a Turkish financial services community operating in banking and insurance, constitutes Koç Holding's bone in the sector. Following a 2006 merger, it stands as the successor to
Koçbank, the company's previous financial venture.
Consumer Durables Group
Arçelik
Arçelik A.Ş. () is a Turkish multinational household appliances manufacturer.
The company engages in the production, marketing and after-sale services of durable goods and their components. Its products include white goods (such as refrigerat ...
, a Turkish household appliances manufacturer, is part of the Koç Holding's sphere. The company, maintaining 46 manufacturing plants, operates in more than 100 countries. Its subsidiaries include
Beko
Beko ( ; stylized as beko) is a Turkish white goods and electronics brand of Arçelik A.Ş., which is controlled by the Koç Holding conglomerate.
History
Beko Elektronik A.Ş. was founded by Vehbi Koç, the founder of Koç Holding (who al ...
, Europe's largest in the sector,
Indesit,
Grundig,
Arctic
The Arctic (; . ) is the polar regions of Earth, polar region of Earth that surrounds the North Pole, lying within the Arctic Circle. The Arctic region, from the IERS Reference Meridian travelling east, consists of parts of northern Norway ( ...
, and
Defy. Arçelik also holds limited licenses of multinational industrial giants, such as
Whirlpool
A whirlpool is a body of rotating water produced by opposing currents or a current running into an obstacle. Small whirlpools form when a bath or a sink is draining. More powerful ones formed in seas or oceans may be called maelstroms ( ). ''Vo ...
and
Hitachi
() is a Japanese Multinational corporation, multinational Conglomerate (company), conglomerate founded in 1910 and headquartered in Chiyoda, Tokyo. The company is active in various industries, including digital systems, power and renewable ener ...
.
Energy Group
Tüpraş, operating the vast majority of
oil refineries
An oil refinery or petroleum refinery is an industrial process plant where petroleum (crude oil) is transformed and refined into products such as gasoline (petrol), diesel fuel, asphalt base, fuel oils, heating oil, kerosene, liquefied pet ...
in Turkey, makes up almost half of Koç Holding's total revenue. Prominent energy ventures owned by Koç Holding include
Aygaz, which specializes in LPG, electricity and natural gas.
Opet, another company subordinating to the group, maintains fuel stations throughout the country.
Group companies
Source:
Energy
*Akpa A.Åž.
*
Aygaz A.Åž.
*Demir Export A.Ş. – the operator of
Eynez coal mine
*DitaÅŸ Deniz Ä°ÅŸletmeciliÄŸi ve TankerciliÄŸi A.Åž.
*Entek Elektrik Ãœretimi A.Åž.
*Körfez Ulaştırma A.Ş.
*Opet Fuchs Madeni YaÄŸ A.Åž.
*
Opet Petrolcülük A.Ş.
*THY OPET Havacılık Yakıtları A.Ş.
*
Tüpraş – Türkiye Petrol Rafinerileri A.Ş.
Finance
*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
*
Arçelik A.Ş. – the electronics and home appliances division which includes
Beko
Beko ( ; stylized as beko) is a Turkish white goods and electronics brand of Arçelik A.Ş., which is controlled by the Koç Holding conglomerate.
History
Beko Elektronik A.Ş. was founded by Vehbi Koç, the founder of Koç Holding (who al ...
,
Grundig,
Indesit
*Arçelik-LG Klima – JV between
Arçelik
Arçelik A.Ş. () is a Turkish multinational household appliances manufacturer.
The company engages in the production, marketing and after-sale services of durable goods and their components. Its products include white goods (such as refrigerat ...
and
LG Electronics
LG Electronics Inc. () is a South Korean Multinational corporation, multinational major appliance and consumer electronics corporation headquartered in Yeouido-dong, Seoul, South Korea. LG Electronics is a part of LG, LG Corporation, the fourth ...
focused on air conditioning units
*Wat Motor San. ve Tic. A.Åž.
*Defy Appliances Ltd.
Automotive
*
Ford Otomotiv San. A.Åž.
*Koç Fiat Kredi Finansman A.Ş.
*
Otokar Otobüs Karoseri San. A.Ş.
*Otokar Otomotiv ve Savunma Sanayi A.Åž.
*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
*Ark Ä°nÅŸaat A.Åž.
*Bilkom A.Åž.
*
Divan Turizm Ä°ÅŸletmeleri A.Åž.
*Düzey Tüketim A.Ş.
*Ingage Dijital Pazarlama A.Åž.
*Inventram A.Åž.
*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.Åž.
*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.Åž.
References
External links
*
{{DEFAULTSORT:Koc Holding
Conglomerate companies of Turkey
Companies listed on the Istanbul Stock Exchange
Companies based in Istanbul
Defence companies of Turkey
Koç family
Üsküdar
Conglomerate companies established in 1926
Holding companies of Turkey
Turkish companies established in 1926
Holding companies established in 1926
1970s initial public offerings
Companies in the BIST 100