General Electric Company

General Electric Company

By-Siddhant Agarwal

AboutGeneral Electric Company, or GE, is an American multinational conglomerate corporation incorporated in Schenectady, New York and headquartered in Fairfield, Connecticut, United States.

The company operates through four segments: Energy, Technology Infrastructure, Capital Finance and Consumer & Industrial. Headed by Chairman & CEO, Jeffrey Immelt, GE is a $42.8 billion conglomerate traded at NYSE, Dow Jones and S&P 500.

HistoryThomas Alva Edison had many business ventures. All of them, financially backed by JP Morgan (Drexel, Morgan & Co.) and the Vanderbilt family. They financed Edison’s research and helped merging those companies under one corporation to form Edison General Electric Company which was incorporated in New York on April 24, 1889. At about the same time leading Thomson-Houston Electric Company, of Lynn, Massachusetts. was emerging. General Electric was formed by the 1892 merger of Edison General Electric Company and Thomson-Houston Electric Company.

BusinessesGE's divisions include GE Aviation, GE Building, GE Capital, GE Energy, GE Home & Business Solutions, GE Global Research, GE Technology Infrastructure.Edison Engineering Development Program (EEDP).

GE AviationGE Aviation, founded in 1917 is headquartered in Evendale, Ohio. GE Aviation is among the top aircraft engine suppliers, and offers engines for the majority of commercial aircraft. GE Aviation is part of the General Electric. The division operated under the name of General Electric Aircraft Engines or GEAE until September 2005. GE Aviation's main competitors in the engine market are Rolls-Royce and Pratt & Whitney.

GE Capital FinanceGE Capital various divisions include GE Capital Aviation Services, GE Capital Real Estate, GE Energy Financial Services and GE Money. It provides commercial lending and leasing, as well as a range of financial services for healthcare, media, communications, entertainment, consumers, real estate, and aviation to small and mid-sized companies. GE Capital had 60,000+ employees worldwide, operating in more than 55 countries, with total assets of $600B.

GE EnergyGE Energy is headquartered in Atlanta, Georgia, United States. The major heads of GE Energy areGE Energy Management (Digital Energy, Industrial Solutions, Environmental Services.)GE Oil & Gas (Drilling Solutions, Industrial Power Generation, Refinery & Petrochemicals, Gas Storage & Pipeline.)GE Power & Water (Aeroderivative Gas Turbines, Gas Engines, Power Generation Services, Thermal Products, Water & Process Technologies, Renewable Energy.)The Revenue of GE Energy as of 2012 was $40 Bn.

GE Home and Business

GE Home & Business Solutions has three primary sub businesses :GE AppliancesGE Intelligent Platforms (Control and Communications Systems (CCS), Industrial software, Military and aerospace)GE Lighting (Founded in 1911, headquartered in Nela Park, East Cleveland, Ohio, employing 17,000 people and a revenue of $3 Bn.)

GE Global ResearchGE Global Research is the research and development division primary facility is located in Niskayuna, New York. GE Global Research maintains four equally significant laboratories located in Bangalore (India), Shanghai (China), Munich (Germany), and San Ramon (California). These labs have various Computer Scientists, Physicist and cosmologists working on experiments.

GE HealthcareGE Healthcare is a division of GE Technology Infrastructure, which employs more than 46,000 people worldwide and is headquartered in Little Chalfont, Buckinghamshire, United Kingdom.GE Healthcare currently has 7 primary business units of which 5 in US, 1 in UK & 1 in Sweden.Its biggest R&D centre is in Bangalore, India, built at a cost of $50 million.

GE TransportationGE Transportation, formerly known as GE Rail, is a division of General Electric. The organization manufactures equipment for the railroad, marine, mining, drilling and energy generation industries. It is based in Erie, Pennsylvania. Evolution Series Locomotive, L250 Marine Engine, 360 AC Drive Systems, 752 DC Drilling Motor, Wind Turbine Drive Systems, V228 Series engine, Durathon UPS aresome of the major products.

GE Transportation is an estimated $5 Bn organization.

Rankings• In 2011, GE ranked among the Fortune 500 as the 6th-

largest firm in the U.S. by gross revenue, as well as the 14th most profitable.

• The company is currently listed the 3rd-largest in the world among the Forbes Global 2000.

• No. 7 company for leaders (Fortune), • No. 5 best global brand (Interbrand), • No. 63 green company (Newsweek),• No. 15 most admired company (Fortune), and • No. 19 most innovative company (Fast Company).

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