Top 10 Conglomerates in the World 2016

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3. United Technologies

This U.S. based conglomerate was founded in 1934 by Frederick Rentschler. It is headquarted in Farmington, Connecticut, USA.

Image: company website

Its businesses include Otis, UTC Climate, Control & Security, Pratt & Whitney, and UTC Aerospace Systems. Otis is the world leader in manufacturing and installation of elevators, escalators, and moving walkways, and it introduced world’s first safety elevator in 1853.


It maintains around 1.9 million escalators, moving walkways and escalators worldwide. In India, it is providing 670 elevators and escalators for Hyderabad metro which is largest contract in Indian history.

UTC climate control and security provides HVAC equipment and fire and security equipment (such as smoke detectors, CO alarms etc through its Kidde brand). Carrier which is a global HVAC manufacture is a part of this conglomerate. Refrigerated containers by Carrier are estimated to carry more than $6 billion worth of goods every day.

UTC Aerospace Systems was formed in 2012 by the merger of Hamilton Sundstrand and Goodrich. It is one of the world’s largest suppliers of aerospace components for businesses, military and space agencies. Its product were used in the Apollo landing on moon in 1969. Its products are used in nearly all aircrafts in the world.

Pratt & Whitney is a leader in the designing, manufacturing, and servicing of aircraft propulsion systems. It builds turbofan engines for all kinds of aircrafts – commercial, military and business, including helicopters. It also provides Turbofan engine for the Airbus A320neo. Its commercial engines are used in more than a quarter of all mainline passenger fleet. Its military engines are used in front line fighters such as F-15 Eagle, F-22 Raptor and F-35 Lightning, military transport such as C-17 Globemaster.

UTC is a global conglomerate. It earns more than 60% of its revenue outside the USA. It has a strong focus on sustainability. It managed to triple its business size since 1997 while reducing 34% greenhouse gases and 57% water consumption.

Revenue: $59.1 Bn

Profit: $4 Bn

Assets: $87.5 Bn

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