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.
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 Surveyor Indonesia, established on August 1, 1991, is a prominent player in the testing, inspection, and certification (TIC) industry. The company provides independent assurance services across various sectors, including industry and trade, energy and mineral resources, telematics, transportation, agriculture, forestry, maritime, and environmental management.
With a strong commitment to reliability and security, PT Surveyor Indonesia has built a solid foundation as a trusted partner for both government and private sectors. The company focuses on delivering innovative services that add strategic value to national interests in the long term.
PT Surveyor Indonesia is part of the IDSurvey Holding, which includes other state-owned enterprises like PT Biro Klasifikasi Indonesia and PT SUCOFINDO. The company continues to evolve by embracing new technologies and expanding its service offerings to meet the ever-changing needs of its clients.
The markets we serve cover a wide range of service areas including industry, government, regional development, oil and gas, minerals, systems and certification, environment, agriculture and outsourcing management.
PT Pertamina Training & Consulting (PTC), a subsidiary of PT Pertamina (Persero) under the Finance and Services category, began as a paper company in 1999 under the name PT Patra Tridaya and started operations in 2002 with its first line of business: Training & Consulting. With extensive experience in human resource management and a strong focus on human capital development, we have continued to evolve in line with customer needs by offering services in Event Organizing, Training & Consulting, Manpower Supply, Security Services, and Assessment Center, all aligned with ISO 9001:2015 standards as part of our commitment to deliver top-quality services to our clients, guided by the 6C values: Clean, Confident, Commercial, Competitive, Customer Focus, and Capable.
The RDMP Balikpapan JO (Refinery Development Master Plan - Joint Operation) is a major national energy infrastructure initiative being developed by PT Kilang Pertamina Balikpapan, a subsidiary of Indonesia’s state-owned oil and gas company PT Pertamina (Persero). Its primary goal is to modernize and expand the Balikpapan refinery located in East Kalimantan, boosting its capacity from 260,000 barrels per day to 360,000 barrels per day. This upgrade is not merely a numerical enhancement but a strategic move to improve the refinery’s ability to produce cleaner, higher-quality fuels in line with international environmental standards.
The project is being executed through a joint operation involving key players such as Hyundai Engineering, Rekayasa Industri, SK Engineering and Construction, and PT PP. These firms bring together a blend of global expertise and local resources to address the engineering complexities of integrating cutting-edge technology into an existing facility. Among the technological upgrades is the inclusion of equipment capable of producing fuels compliant with EURO V standards, which means lower sulfur content and reduced emissions. New units such as the Crude Distillation Unit (CDU-IV), Hydro Cracking Units, and the Heavy Vacuum Unit have been installed or revamped to ensure efficiency and compliance with global benchmarks.
PT DAHANA or “DAHANA” is a State-owned Enterprise (SOE), member of the Defense Industry Holding (DEFEND ID) engaged in high energy materials that provides integrated explosives services for the General Mining, Quarry and Construction, Oil and Gas, and Defense sectors.
DAHANA’s historical roots as a pioneer in the industry can be traced back to 1966, when the Indonesian government, through the Indonesian Air Force (AURI), implemented a project named Proyek Menang (Menang Project) in Tasikmalaya, West Java. Later in 1973, the project was formally changed into a public company based on the government regulation No. 36/1973 before it was changed to a limited company (PT) in 1991.
PT Vale Indonesia was established by Deed No. 49 dated July 25, 1968, drawn up before Eliza Pondaag, a public notary in Jakarta. We operates under a Contract of Work, which was amended with a Special Mining Business Permit (IUPK) on May 13, 2024. The contract is valid until December 28, 2035, and the concession covers an area of 118,017 Ha covering South Sulawesi (70,566 hectares), Central Sulawesi (22,699 hectares) and Southeast Sulawesi (24,752 hectares).
In producing nickel in the Sorowako Block, we use pyro metallurgical technology (in melting the laterite nickel ore). The Company mines laterite nickel ore and processes it into the final product of nickel in matte.
The Company also continues its plan to developing integrated mining practices through the Indonesia Growth Project (IGP) in Morowali Regency, Central Sulawesi, and in Kolaka Regency, Southeast Sulawesi. The development project also targets existing operational locations, in East Luwu Regency, South Sulawesi.
As the two largest shareholders, MIND ID (PT Mineral Industri Indonesia) and Vale Canada Limited (VCL) jointly control PT Vale Indonesia Tbk. MIND ID holds the largest share in the company at 34.00%, while VCL holds approximately 33.88%.
PT Pelita Air Service (PAS), established in 1970 in Indonesia, began its journey in the exploration and exploitation of oil and natural gas fields. Over the years, PAS has evolved into a leading provider of aviation and industrial services, offering award-winning solutions that cater to diverse needs. As part of its commitment to excellence, the company has built a reputation for reliability and innovation in transportation, training, maintenance, and other specialized services.
In aviation, PAS has demonstrated exceptional capabilities, logging 37,884 flight hours between 2014–2017. Its extensive network includes five base stations, with a fleet comprising 15 rotary-wing aircraft (helicopters) and nine fixed-wing planes. Notably, PAS plays a crucial role in Papua’s "1 Fuel Price" program, transporting over 150 kiloliters of fuel monthly to support equitable fuel access in remote areas.
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 Elnusa Tbk is present in the energy industry with understanding that this industry is one of the main pillars of our country and continuously improves the service and quality of our service. One of the efforts to strengthen the existence of the company, we assign ourselves to be an integrated energy services company that provides total solutions. Along with a strong commitment and continuous innovation, the company's contribution will be progressively visible in the oil and gas industry.
PT Elnusa Tbk continues to focus on business and company growth with dynamic conditions and challenges. We always administer the company to always prioritize the principle of Total Solution. We apply this principle to strengthen the company position that always thrives according to need. Furthermore, we also direct the company to always strive to improve the quality of human resources to support the company's development so that company could grow more rapidly.
PT Waskita Karya (Persero) Tbk is one of Indonesia’s most prominent state-owned enterprises in the construction and infrastructure sector. Established on January 1, 1961, the company originated from the nationalization of Volker Aannemings Maatschappij NV, a Dutch construction firm that had operated in Indonesia during the colonial period. Initially known as PN Waskita Karya, the company underwent a transformation into a limited liability company (Persero) in 1973, and later became a publicly listed entity on the Indonesia Stock Exchange under the ticker symbol WSKT. Headquartered in Jakarta, Waskita Karya has played a pivotal role in shaping Indonesia’s physical landscape through its involvement in a wide array of infrastructure projects across the archipelago.
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.
In addition to its extensive branch network, BCA also provides specialized services for businesses and corporations, offering tailored solutions to meet their financial needs. The bank is committed to supporting local businesses and has various promotional offers and partnerships to help them grow.
BCA's headquarters is located in Jakarta, and the bank is regulated and supervised by the Financial Services Authority (OJK) and Bank Indonesia. The bank's mission is to provide reliable and efficient banking services to its customers while contributing to the economic development of Indonesia.
PT Medco Power Indonesia was established in 2004 as an Independent Power Producer (IPP) and provider of Operation and Maintenance (O&M) services. Currently, Medco Power owns and operates more than 3,100 MW, spread across 15 locations in Indonesia.
Medco Power, through its subsidiary, PT Medco Ratch Power Riau (MRPR), was appointed as the winner of a tender for the Riau 275 MW CCPP project in Pekanbaru, Riau. The power purchase agreement was signed in April 2017, followed by the issuance of PLN’s Financing Date Declaration in September 2018. Riau CCPP has reached commercial operation in February 2022.
Medco Power is also developing Sumbawa Solar PV project with capacity of 26 MWp. Sumbawa Solar PV is planned to operate commercially starting Q2 2022. Furthermore, Medco Power will develop West and East Bali Solar PV projects with total capacity of 2×25 MWp. In addition, Medco Power has implemented electric vehicles as operational cars in its head office and subsidiaries such as in Riau, Batam and Jepara.
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.
PT Arutmin Indonesia is one of Indonesia's leading coal mining companies, operating under the Izin Usaha Pertambangan Khusus (IUPK) license. With over three decades of experience, Arutmin has established itself as a preferred coal provider for power plants and industrial plants both in Indonesia and internationally. The company's mining operations are spread across three districts in South Kalimantan: Tanah Bumbu, Tanah Laut, and Kotabaru. Arutmin manages five mining sites: Senakin, Satui, Kintap, Asamasam, and Batulicin, along with the North Pulau Laut Coal Terminal (NPLCT), which has a shipping capacity of up to 10 million tons per year.
Arutmin's journey began with the signing of the PKP2B Contract with the Government of Indonesia, which marked the start of its commercial coal production. The company has shown rapid development through competitive coal production processes, reliable quality assurance procedures, and outstanding customer support. Arutmin's coal production capacity currently reaches up to 20 million tons per year. The company has received several awards for its sustainable development efforts, including the Indonesia Sustainable Development Award (ISDA) Gold and Platinum, as well as the Tamasya Award 2024 from the Ministry of Energy and Mineral Resources.
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.
Bank BTN, or PT Bank Tabungan Negara (Persero) Tbk, is a prominent financial institution in Indonesia. Established on October 16, 1897, as Postspaarbank, it has evolved significantly over the years. Initially serving as a savings bank during the Dutch colonial era, it was later renamed Bank Tabungan Pos during the Japanese occupation and eventually became Bank Tabungan Negara in 1963.
Today, BTN operates as a state-owned enterprise under the Ministry of Finance, focusing on providing financial services, particularly in the housing sector. It offers a wide range of products and services, including mortgage loans (KPR), savings accounts, debit cards, mutual funds, and foreign exchange services. BTN is committed to supporting the government's housing programs and aims to become a leading provider of integrated financial and digital services.
BTN's vision is to be a main partner in empowering Indonesian families' financial well-being, while its mission includes providing the best customer experience through integrated digital and financial services. The bank also emphasizes sustainable business practices and corporate governance to ensure long-term growth and societal welfare.
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.
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 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.
