Koç Holding facts for kids
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| Holding Company | |
| Traded as | BİST: KCHOL |
| Industry | Conglomerate |
| Founded | May 31, 1926 |
| Founder | Vehbi Koç |
| Headquarters |
Kuzguncuk, Üsküdar, Istanbul
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Area served
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Worldwide |
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Key people
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| Products | Energy, automotive, consumer durables, finance, retail, construction, tourism, shipping, defence, information technology, investment, food |
| Revenue |   901.9 billion (2022) |
| 69.8 billion (2022) |
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| Total assets | 1.582.6 billion (2022) |
| Total equity | 247.2 billion (2022) |
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Number of employees
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~115,000 (2022) |
| Subsidiaries |
List
Arçelik
Aygaz Ford Otosan Koçtaş KoçSistem Opet Otokar RMK Marine Tofaş Tüpraş Yapı Kredi |
Koç Holding A.Ş. is a very big company in Turkey. It's like a giant group of many different businesses. In fact, it's the largest group of companies in Turkey! It's also the only Turkish company listed on the Fortune Global 500. This means it's one of the 500 biggest companies in the world. The company's main office is in Istanbul, Turkey. The Koç family, one of the richest families in Turkey, owns and controls Koç Holding.
The company was set up in its current form in 1963. This happened when its founder, Vehbi Koç, brought all his different businesses together. He had started his very first business back in 1926.
Contents
History of Koç Holding
The story of Koç Holding began in 1926. That's when Vehbi Koç started his first business. This small beginning grew into the huge company we know today.
Leadership Changes Over Time
In 1984, Vehbi Koç decided to step down as the head of the company. He handed his job over to his son, Rahmi M. Koç.
A few years later, in September 1988, the company moved its main office. It moved from one part of Istanbul to Nakkaştepe, which is on the Asian side of the city.
On April 4, 2003, Rahmi Koç also retired. He passed his leadership role to his oldest son, Mustafa V. Koç. Rahmi Koç still stayed involved as an honorary chairman and a member of the company's board.
In February 2015, Levent Çakıroğlu became the new CEO of Koç Holding. He took over from Turgay Durak.
Then, in early 2016, Ömer Koç became the chairman of the board. This happened after Mustafa V. Koç passed away.
What Koç Holding Does
Koç Holding is a very large group of companies. It includes 113 different businesses. Many of these companies have their shares traded on the Istanbul Stock Exchange. This means people can buy and sell parts of these companies.
The Koç Group has about 115,000 employees. They also work with 14,000 dealers, agencies, and people who provide after-sales services. This shows how many people are part of the Koç family of businesses.
Main Business Areas
Koç Holding works in many different areas. Here are some of their main business groups:
Energy Sector
The energy group deals with things like oil, gas, and electricity.
- Aygaz A.Ş.
- Opet Petrolcülük A.Ş.
- Tüpraş – This company refines oil in Turkey.
Financial Services
This group handles money matters, like banking and investments.
- Yapı ve Kredi Bankası A.Ş. – A well-known bank in Turkey.
Home Appliances and Electronics
This part of the company makes things for your home.
- Arçelik A.Ş. – This company makes electronics and home appliances. It includes brands like Beko, Grundig, and Indesit.
- Arçelik-LG Klima – This is a joint company with LG Electronics. They focus on making air conditioning units.
Automotive Industry
The automotive group makes cars, trucks, and other vehicles.
- Ford Otomotiv San. A.Ş. – They make Ford vehicles in Turkey.
- Otokar Otobüs Karoseri San. A.Ş. – They make buses and military vehicles.
- TOFAŞ Türk Otomobil Fabrikası A.Ş. – They make Fiat cars in Turkey.
- Türk Traktör ve Ziraat Makinaları A.Ş. – They make tractors and farm machinery.
Other Businesses
Koç Holding also has businesses in many other areas.
- Divan Turizm İşletmeleri A.Ş. – This group runs hotels and restaurants.
- Koçtaş Yapı Marketleri A.Ş. – These are home improvement stores.
- KoçSistem Bilgi ve İletişim Hizm. A.Ş. – This company provides information technology services.
- RMK Marine Gemi Yapım Sanayi ve Deniz Taşımacılığı İşletmesi A.Ş. – They build ships.
- Tat Gıda Sanayi A.Ş. – This company is involved in food production.
See also
In Spanish: Koç Holding para niños
