Bosch, a privately owned company headquartered in Gerlingen, Baden-Württemberg, Germany, was founded in 1886. Functioning as a German multinational engineering and technology company, it employs approximately 160,130 people. The company is 94% owned by the Robert Bosch Stiftung, a charitable institution. While the charity is funded by holding the vast majority of shares, it maintains no voting rights and is involved in health and social causes unrelated to Bosch's business operations.