Koç Holding A.à Â. () is a Turkish multinational industrial conglomerate headquartered in Istanbul, Turkey. It operates as the country's largest company, and is listed on Fortune Global 500 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, energy, automotive, household appliances, and defence.
Koç Holding traces back to a local general store established by Vehbi Koç in Ankara, 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 Fñndñklñ, Istanbul, to Nakkaà Âtepe on the Anatolian 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 ÃÂakñroÃÂlu replaced Turgay Durak as CEO. In 2016 Q1, ÃÂmer Koç became the chairman of the board following the death of Mustafa V. Koç.
The shares of 16 Koç Group companies are traded on the Istanbul Stock Exchange; together, the groups comprise 113 companies, with 124,000 employees, and 14,000 dealers, agencies, and after-sales services people.
Yapñ Kredi, a Turkish financial services company operating in banking and insurance, was acquired in 2005. Following a 2006 merger, it stands as the successor to Koçbank, the company's previous financial venture.
Arçelik, 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, Europe's largest in the sector, Indesit, Grundig, Arctic, and Defy. Arçelik also holds limited licenses of multinational industrial giants, such as Whirlpool and Hitachi.
Tüpraà Â, operating the vast majority of oil refineries 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.