Hitachi is a multi-national group of companies that deals in a wide range of products and services, including IT systems, financial services, electronics, consumer products, power systems, social infrastructure and many more. As part of the DKB Group of Companies, it is the parent company of the Hitachi Group. It stands at number 38 on Fortune Global 500 list of 2012, and number 129 on 2012 Forbes Global 2000.
Namihei Odaira was an electrical engineer who founded Hitachi in Ibaraki Prefecture in 1910. The first product that he produced was a 5 horsepower electric induction motor specially designed for the purpose of copper mining. Soon, the company got prominence in the industry of electric power and electric motors. The company headquarters moved to Tokyo in 1918, Hitachi America was incorporated in 1959, and Hitachi Europe was created in 1982. The HDD division of Hitachi was sold out to Toshiba in 2012.