2. About
General 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.
3. History
Thomas 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.
4. Businesses
GE'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).
5. GE Aviation
GE 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.
6. GE Capital Finance
GE 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, entertainm
ent, 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.
7. GE Energy
GE Energy is headquartered in Atlanta, Georgia, United
States. The major heads of GE Energy are
GE 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.
8. GE Home and Business
GE Home & Business Solutions has three
primary sub businesses :
GE Appliances
GE 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.)
9. GE Global Research
GE 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.
10. GE Healthcare
GE 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.
11. GE Transportation
GE 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.
12. 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).
