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.

PT Telkom Indonesia (Persero) Tbk (Telkom) is a state-owned enterprise (BUMN) engaged in information and communication technology services and digital telecommunications in Indonesia. Through Government Regulation Number 240 of 1961 concerning the Establishment of the State Post and Telecommunications Company, the Indonesian Government established the State Post and Telecommunications Company (PN Postel). Furthermore, PN Postel was split into PN Pos and Giro and the State Telecommunications Company (PN Telekomunikasi) according to PP No. 30 dated July 6, 1965. This date is the basis for Telkom Indonesia's anniversary.
The majority owner of Telkom shares is the government of the Republic of Indonesia with ownership of 52.09%. While the remaining share ownership of 47.91% is held by the public. Telkom has 12 subsidiaries that operate in various sectors and have a positive impact on both investors and the Indonesian people.
The establishment of PN Telekomunikasi, according to PP No. 30 dated July 6, 1965, is basically aimed at building a national economy in accordance with a guided economy by prioritizing the needs of the people and the peace of the people and the tranquility of work in the company, towards a just and prosperous society both materially and spiritually. That is the spirit that TelkomGroup has always carried, from fixed line products to its current transformation into a digital telecommunication company.

PT Hutama Karya (Persero) is an Indonesian state-owned enterprise (BUMN) specializing in construction services, infrastructure development, and toll road operations. The company plays a significant role in the development of the Trans-Sumatra Toll Road network and other major infrastructure projects. Established in 1961, Hutama Karya has expanded its expertise to include property development, manufacturing, and engineering services.
Our vision is to become Indonesia's most valuable infrastructure developer. Our mission is to fulfill the government's mandate to build and operate the Trans-Sumatra Toll Road, while simultaneously developing infrastructure-based multi-businesses through investments in services, construction, and manufacturing. These efforts aim to deliver premium value-added benefits to the corporation and contribute to the acceleration of Indonesia's economic growth. Additionally, we are committed to building sustainable corporate capacity and capability by strengthening human and financial capital and fostering a robust safety culture within the company.

PT Pelabuhan Indonesia I (Persero), PT Pelabuhan Indonesia II (Persero), PT Pelabuhan Indonesia III (Persero), and PT Pelabuhan Indonesia IV (Persero) are non-listed state-owned companies whose shares are 100% owned by the Ministry of SOEs as shareholders representing the Republic of Indonesia. On October 1, 2021, legally PT Pelabuhan Indonesia I (Persero), PT Pelabuhan Indonesia III (Persero) and PT Pelabuhan Indonesia IV (Persero) were merged into PT Pelabuhan Indonesia II (Persero) based on Government Regulation No. 101 Year 2021. PT Pelabuhan Indonesia II (Persero) acts as the surviving entity. Then based on the Republic of Indonesia Minister of SOEs Letter No. S-756/MBU/10/2021 dated October 1, 2021 concerning Approval of Change of Name, Change of Articles of Association and Company Logo, PT Pelabuhan Indonesia II (Persero) changed its name to “PT Pelabuhan Indonesia (Persero), abbreviated as Pelindo”.
The journey to Merge Pelindo had been under discussion for a long time, starting in 2009, when a Port Holding and Dredging Study was prepared. In 2012, Pelindo I, II, III, and IV Integration Studies had been compiled. In 2013, the Indonesian Port Holding Study and establishment of PT Terminal Petikemas Indonesia were prepared. In 2016, the National PMO was formed and continued with the preparation of the Pelindo Incorporated study, which at that time was intended to merge the Subsidiaries of PT Pelabuhan Indonesia I, II, III and IV (Persero) with similar business fields. Furthermore, in 2017 a Maritime Holding Formation initiation was carried out and in 2018 an Integrated Port Network study identified 7 (seven) RJPMN Port Hubs, and then in 2019 the Formation of the Container Subholding was initiated.

PT Jasa Raharja—hereinafter referred to as Jasa Raharja or the Company—was established on January 1, 1960, in line with the enactment of Law No. 19 PRP of 1960 concerning State-Owned Enterprises, with all its capital being the assets of the Republic of Indonesia. The history of Jasa Raharja's establishment is closely tied to the Government's policy of nationalizing Dutch-owned companies, as stipulated in Law No. 86 of 1958 on the Nationalization of Dutch Enterprises.
PT Jasa Raharja is a State-Owned Enterprise specializing in social insurance, providing basic protection to the public through two (2) coverage programs:
Passenger Accident Insurance for Public Transportation, based on Law No. 33 of 1964 concerning Mandatory Passenger Accident Insurance Fund.
Legal Liability Insurance for Third Parties, based on Law No. 34 of 1964 concerning Road Traffic Accident Fund.