Join Hands to Build a Smarter India: Sign in | Join now

5 Of The World's Oldest Companies

By SiliconIndia  |   Tuesday, 07 August 2012, 03:04 Hrs   |    1 Comments
40
cmt right
36
Comment Right
80
cmt right
12
cmt right
Printer Print Email Email


Kongo Gumi
Kongo Gumi is a Japanese construction company and was the world's oldest continuously ongoing independent company, operating for over 1,400 years until it was absorbed as a subsidiary of another larger construction company.



One of the secrets of Kongo Gumi's 1,428 year run was its flexibility. For instance, when the temple building business suffered during World War II, the company act in respond and changed to building coffins. Kongo Gumi's victory also implies that it's a good idea to operate in a stable industry. Few industries could be less volatile than Buddhist temple construction - where the belief system has survived for thousands of years and has many millions of followers. The company fell on hard times and went into liquidation in January 2006. Its assets were purchased by Takamatsu Corporation. Before its liquidation, it had over 100 employees and annual revenue of $70 million in 2005; it still specialized in building Buddhist temples. The last president was Masakazu Kongo, the 40th Kongo to lead the firm. As of December 2006, Kongo Gumi continues to operate as a wholly owned subsidiary of Takamatsu.

 



Experts on SiliconIndia
Santhosh  K
Sr. Soft. Engg.
Oracle India
Nehal Vyas
Sr. Team Lead
Cyberoam Tech.
Rani Malli
Sr. Director
Philips
Ather Mohammad A
Sr. Executive
ISB
Vijay Balkrishna Konduskar
Business Consultant
Imans Web Tech
Dr L P  Sharma
Technical Director
NIC
Reena Khanna
Founder
Solitaireworld
Dellas  Asse
sys-network admin
Computer Station
Sign Up for DailyDose and Read the Day's Highlights
Write your comment now
Submit Reset
Reader's comments(1)
1: I am shocked to see the author ignored Birla Group of companies and TATA, which were founded in 1857 and 1868 respectively. Both of these companies existed 4-5 decades earlier than IBM, yet no mention of it.
Posted by:Ram - 07 Aug, 2012
SiliconIndia About Us   |   Contact Us   |   Help   |   Community rules   |   Advertise with us   |   Sitemap   |  
News:       Technology   |   Enterprise   |   Gadgets   |   Startups   |   Finance   |   Business   |   Career   |   Magazine  |   Newsletter   |   News archive  
Cities:        CEO   |     Startup   |   Mobile   |   CIO   |   Women   |   BI   |   HR   |   SME   |   Cloud   |   Marketing   |   QA   |   Java   |   Web Developer  
Community:      Members   |   Blogs   |   Indian Entrepreneurs   |   Gyan   |   Advice   |   Community   |   Find   |   CXO Insights  
Job Board:      Jobs   |   Freshers   |   Companies   |   HR Speak   |   Forum  
Online Courses:   Web Developer   |   Java Developer   |   CCNA Training   |   SEO   |   SAS   |   SQL Server 2005   |   J2EE
Education:   MBA   |   MCA   |   Engineering   |   Training Institute
Life:          Real Estate   |   Travel   |   Finance   |   Gadgets   |   Movie Reviews   |    Jokes  
Send your feedback and help us continue to improve SiliconIndia
© 2014 InfoConnect Web Technologies India Pvt Ltd. all rights reserved