Koç Holding facts for kids
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| Public | |
| Traded as | BİST: KCHOL |
| Industry | Conglomerate |
| Founded | 31 May 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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| Revenue | US$67.483 billion (2023) |
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Operating income
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US$7.563 billion (2023) |
| US$4.001 billion (2023) | |
| Total assets | US$112.936 billion (Q3/ 2024) |
| Total equity | US$24.693 billion (Q3/ 2024) |
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Number of employees
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123.970 (2024) |
| Subsidiaries |
List
Arçelik
Aygaz Ford Otosan Koçtaş KoçSistem Opet Otokar< RMK Marine Tofaş Tüpraş Yapı Kredi |
Koç Holding A.Ş. is a very large Turkish company. It is like a giant group of many different businesses. This company is based in Istanbul, Turkey. It is the biggest company in Turkey. It is also the only Turkish company listed on the Fortune Global 500 list, which shows the world's largest companies. Koç Holding helps Turkey a lot by making up about 7% of the country's total exports. The company is owned and managed by the Koç family, who are one of Turkey's wealthiest families.
The company was started in 1926 by Vehbi Koç. It played a big part in helping Turkey become an industrial country. Koç Holding owns many different companies. These companies work in various areas. Some of these areas include banking, energy, making cars, household appliances, and even defense.
Contents
History of Koç Holding
Koç Holding started from a small general store. This store was opened by Vehbi Koç in Ankara. Ankara was a new capital city being built at that time. Vehbi Koç's business grew as Ankara developed quickly. He expanded into construction and hardware.
In 1963, all of Vehbi Koç's businesses were brought together. They formed one big company called Koç Holding. This was the start of the company's current structure.
Leadership Changes Over Time
In 1984, Vehbi Koç passed his role as chairman to his son, Rahmi M. Koç. Later, in 2003, Rahmi Koç retired. He then handed the chairman position to his oldest son, Mustafa V. Koç. Rahmi Koç remained an honorary chairman and stayed on the board of directors.
In 2015, Levent Çakıroğlu became the new CEO. In early 2016, Ömer Koç became the chairman of the board. This happened after Mustafa V. Koç passed away.
How Koç Holding Works
Koç Group has many companies. Shares of 16 of these companies are traded on the Istanbul Stock Exchange. In total, the group includes 113 companies. They have about 124,000 employees. They also work with 14,000 dealers and service people.
Banking and Finance
Koç Holding owns a major bank called Yapı Kredi. They bought this bank in 2005. Yapı Kredi offers banking and insurance services in Turkey. It is a very important part of Koç Holding's financial business. In 2006, Yapı Kredi merged with Koçbank, which was Koç Holding's previous bank.
Home Appliances
Arçelik is a Turkish company that makes household appliances. It is a big part of Koç Holding. Arçelik has 46 factories. It sells products in over 100 countries. Some of its well-known brands include Beko, Indesit, and Grundig. Arçelik also has special agreements to make products for other big companies like Whirlpool.
Energy Business
Tüpraş is a company that runs most of the oil refineries in Turkey. It brings in almost half of Koç Holding's total money. Koç Holding also owns other important energy companies. Aygaz specializes in LPG (liquefied petroleum gas), electricity, and natural gas. Opet is another company in the group. It has many fuel stations all over Turkey.
Main Companies in the Koç Group
Koç Holding owns many different companies. Here are some examples from their main business areas:
Energy Companies
- Aygaz A.Ş. (specializes in LPG and natural gas)
- Opet Petrolcülük A.Ş. (runs fuel stations)
- Tüpraş – Türkiye Petrol Rafinerileri A.Ş. (operates oil refineries)
Finance Companies
- Yapı ve Kredi Bankası A.Ş. (a major bank)
Consumer Durables Companies
- Arçelik A.Ş. (makes electronics and home appliances, including Beko, Grundig, Indesit)
Automotive Companies
- Ford Otomotiv San. A.Ş. (makes Ford vehicles in Turkey)
- Otokar Otobüs Karoseri San. A.Ş. (makes buses and military vehicles)
- TOFAŞ Türk Otomobil Fabrikası A.Ş. (makes Fiat vehicles in Turkey)
See also
In Spanish: Koç Holding para niños
