Founded at Schenectady, New York, U.S. by Thomas Edison, Charles Coffin, Elihu Thompson, Edwin Houston, General Electric (GE) is the largest multinational conglomerate of the world based out of America.
The company was founded by the name of Edison General Electric in 1889 in Schenectady, New York, backed by J.P. Morgan and Anthony J. Drexel for financing Edison’s research. Currently, the company is headquartered in Fairfield Connecticut, United States. It serves in diverse arrays of sectors such as aircraft engines, Electric Distribution, Electric Motors, energy, finance, gas, healthcare, Locomotives, oil, software etc. with Power and Water, Oil and Gas, energy Management, Aviation, Healthcare being its primary business Division. It employs more than 30700 employees.
Sales: $148.5 bn
Profits: $15.2 bn
Assets: $648.3 bn
The biggest conglomerates across the world were shortlisted and they were ranked on sales and assets weighed average.