Koç Holding

Koç Holding A.Ş. (Turkish pronunciation: [kotʃ]) is the largest industrial conglomerate in Turkey, and the only company in the country to enter the Fortune Global 500 list as of 2016.[5] The company, headquartered in Nakkaştepe, Istanbul,[6] is controlled by the Koç family, one of Turkey's wealthiest families.[7]

For other uses, see KOC (disambiguation).
Koç Holding A.Ş.
TypeAnonim Şirket
BİST: KCHOL
IndustryConglomerate
Founded1926
FounderVehbi Koç
Headquarters
Nakkaştepe, Istanbul
Area served
Worldwide
Key people
ProductsEnergy, automotive, consumer durables, finance, retail, construction, tourism, shipping, defence, information technology, investment, food
Revenue ₺143.2 billion
($39 billion) (2018)[2]
₺5.5 billion (2018)[2]
Total assets ₺125.3 billion (2018)[2]
Total equity ₺33.3 billion (2018)[2]
Number of employees
120,304 [3]
Subsidiaries[4]
WebsiteKoç Holding

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.[8]

History

The first firm that was to become Koç Holding was established in 1926 by Vehbi Koç.[9]

In 1984, Vehbi Koç handed his position as chairman of the board over to his son Rahmi M. Koç.[9]

In September 1988, the company moved its headquarters from Fındıklı, Istanbul, to Nakkaştepe on the Anatolian part of Istanbul.[9]

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.[10]

In February 2015, Levent Çakıroğlu replaced Turgay Durak as CEO.[11]

In 2016 Q1, Omer Koc became the chairman of the board following the death of Mustafa V. Koç.[12]

Operations

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.[13]

Group companies
  • Akpa A.Ş.
  • Arçelik A.Ş. – the electronics and home appliances division which includes Beko and Grundig
  • Arçelik LG Klima San. Tic. A.Ş.
  • Ark İnşaat A.Ş.
  • Aygaz A.Ş.
  • Aygaz Doğal Gaz Toptan Satış A.Ş.
  • Beko A and NZ Pty Ltd
  • Beko Deutschland GMBH
  • Beko Egypt Trading LLC
  • Beko Electrical Appliances Co. Ltd.
  • Beko Electronics Espana S.L.
  • Beko France S.A.S
  • Beko Italy S.r.l.
  • Beko LLC
  • Beko P.L.C
  • Beko S.A.
  • Beko S.A. Cesko
  • Beko Shanghai Trading Co.
  • Beko Slovakia S.R.O.
  • Beko Thai
  • Beko Ukraine LLC
  • Bilkom A.Ş.
  • Defy Appliances (Pty) Ltd
  • Demir Export A.Ş.
  • Ditaş Deniz İşletmeciliği ve Tankerciliği A.Ş.
  • Divan Turizm İşletmeleri A.Ş. – Hotels and restaurants/patisseries
  • Düzey A.Ş.
  • Elektra Bregenz A.G
  • Entek Elektrik Üretimi A.Ş.
  • Ford Otomotiv San. A.Ş. – joint venture with Ford
  • Grundig Intermedia Gmbh
  • Inventram A.Ş.
  • Koç Bilgi ve Savunma Teknolojileri A.Ş.
  • Koç Fiat Kredi Finansman A.Ş.
  • Koç Holding A.Ş.
  • Koç Holding Emekli ve Yardım Sandığı Vakfı
  • Koç School
  • Koç University
  • Koçfinans – Koç Finansman A.Ş. – Consumer finance
  • KoçSistem Bilgi ve İletişim Hizm. A.Ş.
  • Koçtaş Yapı Marketleri A.Ş.
  • Marmaris Altınyunus A.Ş.
  • Opet Fuchs Madeni Yağ A.Ş.
  • Opet International London Ltd.
  • Opet Petrolcülük A.Ş.
  • Opet Trade (Singapore) Pte. Ltd.
  • 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.
  • Promena Elektronik Ticaret A.Ş.
  • Ram Dış Ticaret A.Ş.
  • RMK Marine Gemi Yapım Sanayi ve Deniz Taşımacılığı İşletmesi A.Ş.
  • S.C. Arctic S.A.
  • 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.
  • THY OPET Havacılık Yakıtları A.Ş.
  • Tofaş – Tofaş Türk Otomobil Fabrikası A.Ş.
  • Tüpraş – Tüpraş-Türkiye Petrol Rafinerileri A.Ş.
  • Türk Traktör ve Ziraat Makinaları A.Ş.
  • Voltas.Beko
  • Yapı Kredi Bank Azerbaycan
  • Yapı Kredi Bank Moskow
  • Yapı Kredi Bank Nederland N.V.
  • Yapı Kredi Faktoring A.Ş.
  • Yapı Kredi Finansal Kiralama A.O.
  • Yapı Kredi Kültür ve Sanat Yayıncılık Tic.ve San.A.Ş.
  • Yapı Kredi Portföy Yönetimi A.Ş.
  • Yapı Kredi Yatırım Menkul Değerler A.Ş.
  • Yapı Kredi-Koray Gayrimenkul Yatırım Ortaklığı A.Ş.
  • Yapı ve Kredi Bankası A.Ş.
  • Zer Merkezi Hizmetler A.Ş.

References
  1. "Key People". Koç Holding A.Ş. Retrieved 2012-06-16.
  2. "Selected Historical Data ($)". Retrieved April 3, 2017.
  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. Archived from the original on 27 January 2016. Retrieved 24 April 2015.
  6. http://www.koc.com.tr/en-us/Corporate/Headquarters/Pages/Nakkastepe.aspx
  7. "Forbes, 2010 yılının milyarderler listesini açıkladı". 11 March 2010. Retrieved 24 April 2015.
  8. http://www.koc.com.tr/en-us/Corporate/History/Pages/1926_until_Today.aspx
  9. Salihovic, Elnur (2015-10-05). Major Players in the Muslim Business World. Universal-Publishers. ISBN 978-1-62734-052-6.
  10. The Economist. Economist Newspaper Limited. 2003.
  11. "UPDATE 1-Turkish conglomerate Koc Holding names new CEO". reuters.com. 2015-02-17. Retrieved 2017-04-03.
  12. Wires, Daily Sabah with (2016-02-22). "Ömer Koç becomes chairman of Turkey's largest conglomerate after death of brother Mustafa Koç". Daily Sabah. Retrieved 2020-05-14.
  13. Yamak, Sibel; Ertuna, Bengi (2017-03-22). A Primer on Corporate Governance: Turkey. Business Expert Press. ISBN 978-1-60649-883-5.

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