This US multinational conglomerate was founded by the famous inventor Thomas Edison himself.
Image: company website
It was incorporated in 1892 in New York and was formed by the merger of Edison General Electric Company and the Thomson-Houston Company. It is currently headquartered in Fairfield, Connecticut, USA and has been a publicly listed company for a long time.
It was part of the 12 companies that formed the then newly formed Dow Jones Industrial Average in 1896. After 120 years, it is the only company of the original 12 that were listed at that time.
Currently it operates in ten major industries such as Automotive industry, Aviation Industry, Chemical Industry, Food and Beverage Industry, Healthcare Industry, Industrial Manufacturing, Intelligent Environments (improve energy performance and reduce costs), Oil and Gas Industry, Power and Utilities, and Transportation.
General Electric initially started as a manufacturer of dynamos and electric lights and dynamos (to produce electricity). By 1895, it started to make electric locomotives and transformers creating its entry in the power and transportation industry. A year later when X-Rays were discovered, GE build the electrical equipment required for the production of X-rays starting its journey in the Healthcare industry. In 1905, it recognized that capitalization and cash flows are essential to doing business so it created a division to provide financing to small utilities. This became the precursor of GE’s commercial finance division. In 1940s, it made progress into the Aviation sector after it developed U.S.’s first jet engine. By the 60s, GE was one of the eight computer companies. Throughout its existence GE has been a company focused on innovation. Its current focus is to become a digital industrial company that provides analytical and digital solutions to decrease costs and thereby increase the profitability of other businesses.
Revenue: $122.4 Bn
Profit: $1.7 Bn
Assets: $492.7 Bn
The leading conglomerates of the world are taken for the analysis. Various parameters like revenues, profits and assets are taken for each company and they are given weightages of 50%, 40% and 10% respectively. Based on this a final score is calculated and the final rankings are created.