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 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.

The Public Company BULOG (Perum BULOG) is a State-Owned Enterprise (BUMN) established on January 21, 2003. Its establishment was based on Government Regulation No. 7 of 2003 concerning the Establishment of the Public Company (Perum) BULOG, as amended by Government Regulation No. 61 of 2003 regarding Amendments to Government Regulation No. 7 of 2003. Subsequently, Government Regulation No. 7 of 2003, which served as the Articles of Association of Perum BULOG, was revised into Government Regulation No. 13 of 2016 regarding Perum BULOG.
The establishment of Perum BULOG cannot be separated from the existence of its predecessor institution, the Logistics Agency (BULOG). Perum BULOG is the result of an institutional transition or a change in the legal status of a Non-Departmental Government Institution (LPND) into a State-Owned Enterprise (BUMN) in the form of a Public Company (Perum). The change in BULOG's legal status also influenced the vertical coordination flow, which initially was directly under and accountable to the President of Indonesia, but later fell under the coordination of the Ministry of State-Owned Enterprises and other technical ministries.

PERUMNAS is a State-Owned Enterprise (SOE) structured as a Public Company (Perum), with 100% of its shares owned by the Government of the Republic of Indonesia. It was established as a governmental solution to provide adequate housing for middle to lower-income communities. Founded under Government Regulation (PP) No. 29 of 1974, it underwent amendments through PP No. 12 of 1988, PP No. 15 of 2004, and further refinement with PP No. 83 of 2015. Since its inception in 1974, PERUMNAS has been a pioneer in providing housing and settlements for the middle to lower-income demographic.
As outlined in PP No. 83 of 2015, PERUMNAS's business activities include large-scale land provision and management, housing and settlement development, construction of residential houses, terraced houses, and apartments, management of rental and specialized apartments, as well as quality improvement of housing, settlements, and apartments under the company's control. Additionally, the company is involved in city and new town development, consulting and advocacy services for housing and settlements, and serving as an offtaker for subsidized reselling. The company’s core mission is to deliver housing, estate products, and services that balance public interest with profit, adhering to sound corporate management principles.

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.

PT Industri Kereta Api or PT INKA (Persero) is the first integrated state-owned enterprise (BUMN) for railway manufacturing in Southeast Asia. Established in 1981, PT INKA (Persero) is committed to providing high-quality, innovative, and sustainable land transportation solutions. Our focus is on producing high-quality products and services for our customers. We offer a wide range of products to meet customer needs, along with after-sales support to ensure that customers receive the best quality products. Our products have been exported to various countries, including Bangladesh, the Philippines, Malaysia, Thailand, Singapore, and Australia.
In accordance with the Company's Articles of Association, the purpose of PT INKA (Persero) is to support government policies and programs in the fields of economics and national development, particularly in the railway industry and transportation. We aim to optimize the use of the Company's resources to produce high-quality, competitive goods and services while pursuing profits to enhance the Company's value, applying the principles of a limited liability company.

PT Bank Rakyat Indonesia (Persero) Tbk, commonly known as BRI, is one of Indonesia's largest commercial banks and a state-owned enterprise. Established on December 16, 1895, in Purwokerto by Raden Bei Aria Wirjaatmadja, BRI has a long history of providing financial services to the Indonesian population. Over the years, BRI has evolved to meet the changing needs of its customers and has become a key player in Indonesia's banking sector.
BRI offers a wide range of banking products and services, including savings and current accounts, foreign currency deposits, mortgage loans, working capital loans, investment loans, and micro, small, and medium enterprise (MSME) loans. The bank also provides supply chain financing and bank guarantees, catering to both individual and corporate clients. With over 144 million micro deposit customers, BRI has a strong presence across Indonesia, with 449 branches and 13,863 ATMs.

ANTAM, member of MIND ID (Mining Industry Indonesia), the SOE's Holding Mining Industry is a vertically integrated, export-oriented, diversified mining and metals company. With operations spread throughout the mineral-rich Indonesian archipelago, ANTAM undertakes all activities from exploration, excavation, processing through to marketing of nickel ore, ferronickel, gold, silver, bauxite and coal.
The company has long term loyal blue chip customers in Europe and Asia. Due to the vastness of the company's licensed exploration areas as well as its known large holdings of high quality reserves and resources, ANTAM has formed several joint ventures with international partners to profitably develop geological ore bodies into profitable mines.
The company generates healthy cash flows, and has prudent capital management. The company became a limited liability state-controlled company in 1968 with the merger of several single commodity mining companies. In 1997, the company conducted an initial public offering (IPO) and listed its shares on the Indonesia Stock Exchange and 35% were sold by the government to the public, to raise money for a ferronickel expansion. In 1999, ANTAM listed its shares in Australia as a foreign exempt entity and then in 2002 augmented its status to the more stringent ASX Listing.