PT Bank Muamalat Indonesia Tbk (BMI) (“BMI”, “Bank”) is the first bank in Indonesia to adopt the Sharia banking concept. The Company was established based on Deed of Establishment No. 1 dated November 1, 1991, or Rabiul Akhir 24, 1412 Hijriah. BMI was founded by the Indonesian Council of Ulema (MUI), the Association of Indonesian Muslim Intellectuals (ICMI), and Muslim entrepreneurs, later supported by the Government of the Republic of Indonesia. The Company began operations on May 1, 1992, or Shawwal 27, 1412 H, a date also designated as the Company’s founding day. Bank Muamalat is a public company whose shares are not listed on the Indonesia Stock Exchange (IDX) and has officially operated as a Foreign Exchange Bank since October 27, 1994.
BMI continues to innovate by launching Sharia financial products such as the Mudharabah Subordinated Sukuk, Sharia Insurance (Takaful Insurance), Muamalat Financial Institution Pension Fund (DPLK Muamalat), and Sharia multifinance (Al-Ijarah Indonesia Finance), all of which are pioneering initiatives in Indonesia. Additionally, the Shar-e product launched in 2004 was the first instant savings product in Indonesia.
Bank Rakyat Indonesia, commonly known as BRI, is one of the oldest and largest banks in Indonesia. Established in Purwokerto, Central Java on December 16, 1895 by Raden Bei Aria Wirjaatmadja, BRI began as a small institution providing financial services to the local elite. Over time, it grew into a vital player in Indonesia’s banking system, particularly known for its strong commitment to supporting microfinance and rural development.
After Indonesia’s independence, BRI was designated as the first government-owned bank under a regulation passed in 1946. This solidified its role in the country’s economic growth and national development. In the 1990s, BRI transitioned into a limited liability company, and by 2003 it had become a publicly traded entity, with the Indonesian government maintaining majority ownership.
PT Reska Multi Usaha, also known as KAI Services, is a subsidiary of PT Kereta Api Indonesia (Persero) established in 2003. The company's primary goal is to support and implement the policies and programs of PT Kereta Api Indonesia, especially in the railway restaurant business and other related services.
The company operates in three core business areas: On Board Services, Integrated Facility Management, and Commercial Services. On Board Services include sales on trains, train cleaning, and passenger amenities. Integrated Facility Management encompasses security, parking, cleaning services, and outsourcing. Commercial Services include restaurants, general services, cafes, and catering.
The origins of PT Reska Multi Usaha date back to the Dutch colonial era when the government provided railway restaurants to cater to passengers' needs during their journeys. In 1971, during the early days of PT Kereta Api Indonesia, a dedicated unit called RESTORKA was established to manage railway restaurants. Initially, RESTORKA offered simple beverages like "Es Siripit," but it expanded its menu over time, including the famous "Nasi Goreng Parahyangan" when the KA Parahyangan train was launched.
PT Astra Daihatsu Motor (ADM) is one of Indonesia’s leading automotive manufacturers, operating as a joint venture between Daihatsu Motor Co., Ltd., Astra International, and Toyota Tsusho. Established in 1992 through the merger of three companies - PT Daihatsu Indonesia, PT Daihatsu Engine Manufacturing Indonesia, and PT National Astra Motor - ADM has grown into the largest car manufacturer in Indonesia by production output and installed capacity. The company plays a pivotal role in the development, production, and distribution of compact vehicles tailored to the Indonesian market.
PT Astra International Tbk was established in 1957 in Jakarta as a general trading company under the name Astra International Inc. In 1990, for the purpose of the Company's Initial Public Offering (IPO), the name of the Company changed to PT Astra International Tbk, followed by listing its shares on the Indonesia Stock Exchange under the ticker code ASII. Market capitalization of Astra as at the end of year 2019 was Rp280.3 trillion.
Pursuant to the articles of association, the Company may engage in the following business activities: general trading, industry, mining, transportation, agriculture, construction, services and consultancy. By 2019, Astra has expanded its business by implementing a business model based on synergies and diversification within seven business segments, consisting of: Automotive; Financial Services; Heavy Equipment, Mining, Construction, & Energy; Agribusiness; Infrastructure and Logistics; Information Technology; Property.
PT Saptaindra Sejati (SIS) is one of Indonesia’s leading mining contractors, specializing in coal mining services. As a subsidiary of PT Alamtri Resources Indonesia Tbk (formerly known as PT Adaro Energy Indonesia Tbk), SIS plays a crucial role in supporting Adaro’s mining operations by providing a broad range of services, including contract mining, civil works, infrastructure development, and land logistics. Over the years, SIS has developed a strong reputation for its expertise, efficiency, and commitment to safety in the mining industry.
SIS was established to meet the growing demand for reliable mining services in Indonesia. With its headquarters in Jakarta, the company operates across various mining sites throughout the country. SIS has continuously expanded its operations, investing in advanced technologies, modern equipment, and workforce training to ensure optimal efficiency in coal extraction. Through strategic planning and engineering solutions, SIS has contributed significantly to Indonesia’s coal industry, ensuring the smooth transportation and production of coal for domestic and international markets.
PT Reska Multi Usaha, also known as KAI Services, is a subsidiary of PT Kereta Api Indonesia (Persero) established in 2003. The company's primary goal is to support and implement the policies and programs of PT Kereta Api Indonesia, especially in the railway restaurant business and other related services.
The company operates in three core business areas: On Board Services, Integrated Facility Management, and Commercial Services. On Board Services include sales on trains, train cleaning, and passenger amenities. Integrated Facility Management encompasses security, parking, cleaning services, and outsourcing. Commercial Services include restaurants, general services, cafes, and catering.
The origins of PT Reska Multi Usaha date back to the Dutch colonial era when the government provided railway restaurants to cater to passengers' needs during their journeys. In 1971, during the early days of PT Kereta Api Indonesia, a dedicated unit called RESTORKA was established to manage railway restaurants. Initially, RESTORKA offered simple beverages like "Es Siripit," but it expanded its menu over time, including the famous "Nasi Goreng Parahyangan" when the KA Parahyangan train was launched.
PT Pamapersada Nusantara (PAMA) is a leading mining contractor in Indonesia, specializing in coal mining, energy, and heavy equipment services. As a subsidiary of PT United Tractors Tbk, which is part of the Astra International Group, PAMA has established itself as a pioneer in the mining industry since its inception in 1974. Initially a division within PT United Tractors, PAMA became a standalone company in 1993.
PAMA is committed to sustainable mining practices and adheres to Environmental, Social, and Governance (ESG) principles. The company focuses on providing comprehensive solutions for energy and mineral supply while prioritizing environmental sustainability and continuity. PAMA manages various mining projects, including coal, gold, and quarry operations, as well as construction projects such as dam building and road construction across Indonesia.
PT Patra Drilling Contractor (PDC) is a subsidiary of PT Pertamina Drilling Services Indonesia (PDSI), which falls under the umbrella of Subholding Upstream Pertamina. Established on September 11, 1981, PDC was the first national company in Indonesia to focus on providing offshore drilling services using domestic equipment. Over the years, PDC has diversified its services to include Accommodation Work Barge (AWB) and Catering services.
PDC has been instrumental in supporting Indonesia's energy sector by providing essential services such as heavy transport equipment, catering, and labor for onshore drilling operations. The company has consistently shown growth and improvement in its performance, with a notable revenue of Rp 2.88 trillion and a net profit of Rp 124 billion in 2024. This achievement was driven by strategic business optimizations, particularly in the Food & Lodging Services (FLS) and Heavy Transport Equipment Services (HTE) units.
PT Bank Negara Indonesia (Persero), Tbk (BNI) was originally established in Indonesia as a central Bank under the name of “Bank Negara Indonesia” on July 5, 1946. Subsequently, BNI became “Bank Negara Indonesia 1946”, with the status of a State-owned Commercial Bank. Additionally, BNI’s role as a Bank was mandated to improve the people’s economy and participate in national development.
BNI as a State Owned Enterprise was the first to became a public company after listing its shares on the Jakarta Stock Exchange and the Surabaya Stock Exchange in 1996. To strengthen its financial structure and competitiveness in the national banking industry, BNI conducted a number of corporate actions, including being recapitalized by the Government in 1999, Government share divestment in 2007, and a limited public offering in 2010.
PT Astra International Tbk. - Daihatsu Sales Operation (AI-DSO) is a prominent entity within the automotive industry in Indonesia. Established in 1973, AI-DSO operates as a significant division under PT Astra International Tbk., one of the largest and most diversified conglomerates in Indonesia. The primary focus of AI-DSO is the distribution, sales, and after-sales service of Daihatsu-branded vehicles. This division plays a crucial role in ensuring that Daihatsu vehicles are accessible to consumers across Indonesia, providing comprehensive support and services to meet the diverse needs of its customers.
AI-DSO's operations are supported by PT Astra Daihatsu Motor (ADM), an associated entity formed through a collaboration between Astra, Daihatsu Motor Co., Ltd., and Toyota Tsusho Corporation. ADM serves as the brand holder agent for Daihatsu in Indonesia and acts as the main production base for Daihatsu and Toyota automotive groups outside Japan. This strategic partnership enables AI-DSO to leverage ADM's manufacturing capabilities and expertise, ensuring a steady supply of high-quality vehicles to the Indonesian market.
PT Astra International Tbk was established in 1957 in Jakarta as a general trading company under the name Astra International Inc. In 1990, for the purpose of the Company's Initial Public Offering (IPO), the name of the Company changed to PT Astra International Tbk, followed by listing its shares on the Indonesia Stock Exchange under the ticker code ASII. Market capitalization of Astra as at the end of year 2019 was Rp280.3 trillion.
Pursuant to the articles of association, the Company may engage in the following business activities: general trading, industry, mining, transportation, agriculture, construction, services and consultancy. By 2019, Astra has expanded its business by implementing a business model based on synergies and diversification within seven business segments, consisting of: Automotive; Financial Services; Heavy Equipment, Mining, Construction, & Energy; Agribusiness; Infrastructure and Logistics; Information Technology; Property.
Citilink Indonesia has become the fastest growing airline in Indonesia since 2011 at the time when it took the first Airbus A320 aircraft and accelerated growth as part of Garuda Group’s effort to compete aggressively on the budget traveler segment.
PT Citilink Indonesia is a subsidiary of Garuda Indonesia which based on the Natakusumah Notarial Deed No. 01 dated January 6th, 2009 in Sidoarjo, East Java. The deed of establishment was approved by Ministry of Law and Human Rights (Kemenkunham) under approval letter No. AHU-14555.AH.01.01 year 2009 dated April 22nd, 2009. Citilink Indonesia's shareholder at the time of its establishment was 67% PT Garuda Indonesia (Persero) Tbk. ("Garuda") and 33% PT Aerowisata ("Aerowisata").
Since May 2011, Citilink Indonesia’s flight was managed by Garuda Indonesia’s Strategic Business Unit (SBU) which operated under Garuda’s AOC and using Garuda flight number.
Bank Central Asia (BCA) is one of Indonesia's largest private banks, established in 1957. Over the years, BCA has grown significantly and now operates a vast network of branches and ATMs across the country. The bank is known for its wide range of financial services, including savings accounts, credit cards, loans, and investment products.
The bank has a strong reputation for its customer service and innovative banking solutions. BCA offers various digital banking services through its online platform, myBCA, which allows customers to manage their accounts, apply for loans, and perform other banking transactions conveniently from their homes.
BPJS Ketenagakerjaan, or Badan Penyelenggara Jaminan Sosial Ketenagakerjaan, is Indonesia’s official social security agency dedicated to protecting workers through a structured system of insurance programs. Established under Law No. 24 of 2011, it operates as a public legal entity and is part of the broader National Social Security System (SJSN), which aims to provide comprehensive protection for all Indonesian citizens. BPJS Ketenagakerjaan took over the role of PT Jamsostek in 2014, transitioning from a state-owned enterprise to a non-profit public institution with a mandate to serve both formal and informal workers.
Bank Mandiri Taspen, also known as Bank Mantap, is a subsidiary of Bank Mandiri that provides banking services specifically for retired civil servants (PNS) and military personnel (TNI / Polri). Established on February 23, 1970, as Bank Pasar Sinar Harapan Bali, it has undergone several transformations over the years. Initially a cooperative, it became a limited liability company (PT) on November 3, 1992, and later transformed into a full-fledged bank.
In 2008, Bank Mandiri acquired Bank Sinar Harapan Bali, leading to a restructuring process that involved Bank Mandiri, PT Taspen, and PT Pos Indonesia. This restructuring resulted in the renaming of the bank to PT Bank Mandiri Taspen Pos on August 7, 2015, and later to PT Bank Mandiri Taspen on October 9, 2017.
Bank Mandiri Taspen offers a variety of financial products and services tailored to the needs of its target customers, including savings accounts, deposits, loans, gold pawn services, and bill payment platforms. The bank is committed to supporting the financial well-being of retired civil servants and military personnel, helping them maintain a stable income even after retirement.
PT Bank Negara Indonesia (Persero), Tbk (BNI) was originally established in Indonesia as a central Bank under the name of “Bank Negara Indonesia” on July 5, 1946. Subsequently, BNI became “Bank Negara Indonesia 1946”, with the status of a State-owned Commercial Bank. Additionally, BNI’s role as a Bank was mandated to improve the people’s economy and participate in national development.
BNI as a State Owned Enterprise was the first to became a public company after listing its shares on the Jakarta Stock Exchange and the Surabaya Stock Exchange in 1996. To strengthen its financial structure and competitiveness in the national banking industry, BNI conducted a number of corporate actions, including being recapitalized by the Government in 1999, Government share divestment in 2007, and a limited public offering in 2010.
PT Astra International Tbk. - Daihatsu Sales Operation (AI-DSO) is a prominent entity within the automotive industry in Indonesia. Established in 1973, AI-DSO operates as a significant division under PT Astra International Tbk., one of the largest and most diversified conglomerates in Indonesia. The primary focus of AI-DSO is the distribution, sales, and after-sales service of Daihatsu-branded vehicles. This division plays a crucial role in ensuring that Daihatsu vehicles are accessible to consumers across Indonesia, providing comprehensive support and services to meet the diverse needs of its customers.
AI-DSO's operations are supported by PT Astra Daihatsu Motor (ADM), an associated entity formed through a collaboration between Astra, Daihatsu Motor Co., Ltd., and Toyota Tsusho Corporation. ADM serves as the brand holder agent for Daihatsu in Indonesia and acts as the main production base for Daihatsu and Toyota automotive groups outside Japan. This strategic partnership enables AI-DSO to leverage ADM's manufacturing capabilities and expertise, ensuring a steady supply of high-quality vehicles to the Indonesian market.
As the Commercial & Trading Subholding of PT Pertamina (Persero), Pertamina Patra Niaga oversees the downstream business activities of Pertamina, including the receipt, storage, and distribution of BBM, LPG, lubricants, and petrochemical products to meet both domestic and international demands. Leveraging a robust and extensive infrastructure network, Pertamina Patra Niaga ensures efficient energy distribution to key sectors such as retail, industry, aviation, and maritime.
With a vision to become a world-class energy company, Pertamina Patra Niaga is dedicated to innovation and sustainable growth. The company integrates Environmental, Social, and Governance (ESG) principles into its operations and supports commitments towards achieving the Sustainable Development Goals (SDGs). Through these initiatives, Pertamina Patra Niaga aims to contribute to a sustainable energy future for Indonesia and the global community.
Starting in the late 19th century, the fields of sugar factories and electricity factories in Indonesia began to be increased when a number of Dutch companies engaged in sugar factories and tea factories set up electric power plants for their own needs.
Between 1942-1945, there was a shift in management of Dutch companies by the Japanese, after the Dutch surrendered to Japanese troops at the beginning of World War II
The process of transfer of power occurred again at the end of World War II in August 1945, when Japan surrendered to the Allies. This opportunity was exploited by the youth and electric workers through the delegation of the Workers / Employees of Electricity and Gas who together with the Central KNI Leader took the initiative to face President Soekarno to hand over the companies to the Government of the Republic of Indonesia. On October 27, 1945, President Soekarno established the Electricity and Gas Bureau under the Department of Public Works and Energy with a power generation capacity of 157.5 MW.
On January 1, 1961, the Electricity and Gas Service was changed to BPU-PLN (General Chairman of the State Electric Company) engaged in electricity, gas and coke which was dissolved on January 1, 1965. At the same time, 2 (two) companies the state namely the National Electricity Company (PLN) as the manager of state-owned electricity and the State Gas Company (PGN) as the gas manager was inaugurated.
