Koc Holding is one of Turkey’s largest conglomerates and the first Turkish country to ever crack the Fortune Global 500 list. The company’s first foray was in oil and gas, although today the holding company also has subsidiaries in the automotive, consumer durables, finance, retail, construction, tourism, shipping, defence, information technology, investment and food sectors. In 2017, Koc Holding earned more than €27.1 billion in revenue and currently employs more than 120,300 people worldwide. Koc Holding itself was formed in 1963 when founder Vehbi Koç consolidated his different business interests into one overarching company. The business’s roots trace back to 1926 when Vehbi Koç formed his very first company. In those early years, he grew his business by acquiring representative rights in Turkey of major companies such as Ford and Standard Oil. This led to the creation of the corporation Koç Ticaret A.Ş. in 1938. This company was the first ever in Turkey to offer a profit-sharing plan with its employees. In the 1960s, the company’s interests expanded into auto and farm machine manufacturing, retail, tourism and the food industry amongst others. In the 1990s, the company became more heavily involved in international finance. Between 2006 and 2012, the company narrowed its focus on the energy, automotive, durable consumption goods and finance sectors.
- Family name: Koc family
- Sector: Oil & Gas
- Founded: 1926
- Founder: Vehbi Koç
- Country: Turkey
- Company headquarters: Istanbul, Turkey
- Managers: Ömer Koç, Levent Çakıroğlu
- Revenue: US$23.8 billion
- Rankings: 435 [Fortune 500]
- Family ownership: 77,8%
- Employees: 182,608
- Website: https://www.koc.com.tr
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