Ayala Corporation
Publicly listed holding company for the diversified interests of the Ayala Group
From Wikipedia, the free encyclopedia
Ayala Corporation (Spanish: Corporación Ayala, formerly Ayala y Compañía; lit. 'Ayala & Company') is the publicly listed holding company for the diversified interests of the Ayala Group. Founded in the Philippines in 1834 by Domingo Ureta Roxas and Antonio de Ayala during Spanish colonial rule, it is the country's oldest and largest conglomerate. The company has a portfolio of diverse business interests, including investments in retail, education, real estate, banking, telecommunications, water infrastructure, renewable energy, electronics, information technology, automotive, healthcare, management, and business process outsourcing.
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 Ayala Triangle Gardens, site of the headquarters of Ayala Corporation | |
| Formerly | Ayala y Compañía |
|---|---|
| Company type | Public |
| PSE: AC | |
| Industry | Conglomerate |
| Founded | Manila, Captaincy General of the Philippines 1834 |
| Founders | Domingo Ureta Roxas Antonio de Ayala |
| Headquarters | 37th to 39th Floors, Ayala Triangle Gardens Tower 2, Paseo de Roxas cor. Makati Avenue, Makati Central Business District, Makati City, Metro Manila, Philippines |
Area served | Philippines Global Presence[1]
|
Key people | Directors[1]
Management Committee[1]
|
| Revenue |  ₱141.6 billion (2021)[5] |
| ₱48.3 billion (2025)[6] | |
| Total assets |  ₱1.349 trillion (2021)[5] |
| Total equity | ₱565.3 billion (2021)[5] |
| Owner |
|
Number of employees | 60,150 (2021)[1] |
| Subsidiaries | List of subsidiaries[1]
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| Website | ayala.com |
As of 2024, it is ranked by Forbes Global 2000 as the 5th largest corporation in the Philippines, and the 7th largest according to Fortune Southeast Asia 500 in terms of annual revenue.
History
Established in 1876, Ayala y Compañía traces its origins to Casa Róxas, a partnership founded in 1834 by Domíngo Ureta Róxas and Antonio de Ayala.[9][10] The enterprise began with Ayala Distillery (originally Destileria y Licoreria de Ayala y Compañía) the producer of Ginebra San Miguel. The distillery was later acquired by Carlos T. Palanca-owned[11] La Tondeña, Inc. in 1929.
In 1888, the company introduced the first tramcar service in the Philippines. The company participated in the construction of the Ayala Bridge over the Pasig River in Manila. Originally built of wood in 1872, the bridge was reconstructed in steel in 1908 to become the first steel bridge in the Philippines.[citation needed]
Under the leadership of Colonel Joseph Ralph McMicking - who was married to Mercedes Roxas Zobel-McMicking the company was also responsible for the urban development of Makati after World War II.[12]
Ayala y Compañía shifted from a partnership to a corporation with the establishment of Ayala Corporation in 1968. It welcomed the minority investment of Mitsubishi Corporation as its strategic partner in 1973[10] -1974.[13] The Ayala Corporation later became a public company in 1976.[14]
In 2011, the Ayala Corporation began building its renewable energy portfolio, beginning with a joint venture with Mitsubishi for solar power and Sta. Clara Power for run-of-the-river hydro power, and the purchase of the iconic Northwind farm for wind power. Ayala will contribute 1000 MW to the Philippine power supply by 2015.[15] FinanceAsia named Ayala Corporation as the best-managed company in the Philippines in 2010 and 2015, as well as Best for Corporate Governance and Best for Corporate Social Responsibility.[16]
Attached companies and investments
Real estate
Financial services
TelecommunicationsUtilities(only economic interests remain until 2029 - control handed over to Enrique K. Razon's Trident Water Holdings Company, Inc.)[25] Power and transport
Manufacturing and automotive
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Social infrastructure
Nonprofit organizationsBusiness process outsourcing, Logistics and Digital businessesDivestments
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Retirement of Jaime P. Zóbel de Ayala, I
In January 2006, the board of directors publicly announced the decision by Jaime P. Zóbel de Ayala, I to retire as chairman of the corporation by April 2006. The board also announced his appointment as chairman emeritus upon his retirement. His eldest son, Jaime Augusto M. Zóbel de Ayala, II, succeeded him as chairman and chief executive officer, while his younger son, Fernando M. Zóbel de Ayala, has assumed the position of president and chief operating officer. The Zóbel de Ayala family's holding company, Mermac, Inc., continues to hold the controlling stake (49%) in Ayala Corporation.[81]