The 45 largest public listed companies of Indonesia, components of the LQ45 index, are major actors in the economy of Indonesia, Southeast Asia and the world. With a short presentation of each company, its sector and logo, this following list provides useful information and links to the company’s website and its stock quote.
List of the 45 components of the LQ45 index
Companies in Indonesia have to be registered as “Perseroan Terbatas – PT” (meaning “private limited”) to be able to receive foreign investments. Additionnally, if a company becomes publicly listed, it will be appended as “Terbuka”, abbraviated Tbk (meaning “open”), to cope with the regulations of the Indonesia Stock Exchange – IDX.
A member of the ASEAN Exchanges, the IDX aggregates several indices to benchmark the Indonesian stock market and facilitate trading and evaluation. These indices notably include the Jakarta Composite Index – JCI that aggregates all stocks of Indonesia, the LQ45 index, a capitalization-weighted indices calculated from the top 45 listed companies, as well as other general indices, or indices by sector.
The LQ45 index
The real time quotation of the LQ45 index – can be followed from the Indonesia Stock Exchange’s website and also through the convenient graphical tools from financial information websites. The ASEAN Exchanges does provide some information on the Indonesian market, through the quota of the JCI index.
Details of the top 45 largest listed companies of Indonesia
To help you learn more about these corporations, the list of the forty-five companies that compose the LQ45 index – the forty-five largest publicly listed corporations of Indonesia –, has been gathered hereafter with presentations of each company’s activities, direct links to its websites and stock prices live details from the IDX website.
Though some of these companies belong to the same group, several of the following Indonesian corporations are also some of the largest companies in Southeast Asia.
For more information about the other top public listed companies of Southeast Asia, check the lists of companies in other major ASEAN countries:
- Top 50 companies of Thailand – SET50 index
- Top 30 companies of Malaysia – KLCI index
- Top 30 companies of Singapore – STI index
- Top 30 companies of the Philippines – PSEi index
Quick links to the top 45 public listed companies in Indonesia’s LQ45 index
To facilitate browsing within the following long list, here are links to go directly to the details of any LQ45 company.
- Astra Agro Lestari – Sector: Plantations
- Adhi Karya – Sector: Infrastructure / Real Estate
- Adaro Energy – Sector: Mining
- AKR Corporindo – Sector: Petrochemicals & Chemicals
- Aneka Tambang – Sector: Mining
- Astra International – Sector: Conglomerate
- Alam Sutera Realty – Sector: Real Estate
- Bank Central Asia – Sector: Finance
- Bank Negara Indonesia – Sector: Finance
- Bank Rakyat Indonesia – Sector: Finance
- Bank Tabungan Negara – Sector: Finance
- Bank Mandiri – Sector: Finance
- Global Mediacom – Sector: Media
- Bumi Serpong Damai – Sector: Real Estate
- Charoen Pokphand Indonesia – Sector: Agribusiness
- Gudang Garam – Sector: Tobacco
- HM Sampoerna – Sector: Tobacco
- Indofood CBP Sukses Makmur – Sector: Food & Beverages
- Vale Indonesia – Sector: Mining
- Indofood Sukses Makmur – Sector: Food & Beverages
- Indocement Tunggal Prakarsa – Sector: Construction Materials
- Jasa Marga – Sector: Infrastructure
- Kalbe Farma – Sector: Pharmaceuticals
- Lippo Karawaci – Sector: Real Estate
- Matahari Department Store – Sector: Commerce
- PP London Sumatra Indonesia – Sector: Plantations
- Media Nusantara Citra – Sector: Media
- Matahari Putra Prima – Sector: Commerce
- Hanson International – Sector: Real Estate
- Perusahaan Gas Negara – Sector: Energy & Utilities
- Tambang Batubara Bukit Asam – Sector: Mining
- Pembangunan Perumahan – Sector: Construction
- Pakuwon Jati – Sector: Real Estate
- Surya Citra Media – Sector: Media
- Siloam International Hospitals – Sector: Healthcare
- Semen Indonesia – Sector: Construction Materials
- Summarecon Agung – Sector: Real Estate
- Sri Rejeki Isman – Sector: Textile
- Sawit Sumbermas Sarana – Sector: Plantations
- Tower Bersama Infrastructure – Sector: Construction / Telecommunications
- Telekomunikasi Indonesia – Sector: Telecommunications
- United Tractors – Sector: Commerce
- Unilever Indonesia – Sector: FMCG
- Wijaya Karya – Sector: Construction
- Waskita Karya – Sector: Construction
Astra Agro Lestari is specialized in the plantation and industrial processing of palm oil and rubber. A part of the diversified conglomerate Astra International, Astra Agro Lestari is the largest Indonesian agribusiness by value.
Sector: Infrastructure / Real Estate
Adhi Karya is engaged in the construction, engineering and real estate management of infrastructure projects (roads, bridges, power plants, ports and irrigation) and building projects (high rises, hotels, hospitals and schools). A majority state-owned company, Adhi Karya has 49% of its capital listed in the Indonesia Stock Exchange.
Adaro Energy is involved in all activities related to coal: from mining to transport, from marketing to power production. It is the largest coal miner in Indonesia and the country’s second largest producer of thermal coal.
Sector: Petrochemicals & Chemicals
AKR Corporindo is operating in the logistics, manufacturing, storing, distribution and trade of petroleum and chemical products. It is also involved through its subsidiaries in coal mining, infrastructure and manufacturing.
Aneka Tambang, better known as Antam, is a vertically-integrated company involved in the mining and processing of metals and minerals throughout Indonesia. With marketing operations oriented towards export, Antam is primarily operating in gold, ferronickel and nickel ore.
One of the largest conglomerate of Indonesia, Astra International is an investment holding company involved in the automotive, agribusiness, heavy equipment, mining, energy, financial services, information technology, and infrastructure and logistics sectors.
Sector: Real Estate
Alam Sutera Realty is a real estate company involved in the development and management of residential, commercial and industrial property as well as shopping and recreation centers.
One of the largest banks in Indonesia by market capitalization, the second largest by assets and largest lender, Bank Central Asia, better known as BCA, provides services for personal and commercial banking in more than 1,000 branches. It is partly controlled by the Djarum Group.
The fourth-largest bank of Indonesia by assets and lendings, Bank Negara Indonesia, better known as BNI, provides financial services through subsidiaries in Islamic banking, financing, securities and insurance.
Indonesia’s second largest lender, Bank Rakyat Indonesia, also known as BRI, is a leader in commercial banking for micro, small and medium companies. BRI is majoritarily state-owned, with 30% of its capital listed on the Indonesia Stock Exchange.
One of Indonesia’s top 10 largest banks by assets, Bank Tabungan Negara, also known as BTN, is the leader of mortgage loans in Indonesia.
Indonesia’s largest bank by assets, Bank Mandiri provides a complete set of financial and non-financial services and products for individuals and businesses. The result of the merger of four state-owned banks, Bank Mandiri is now also present in the UK, Hong Kong and China, Singapore, Malaysia, Timor Leste and the Cayman Islands.
The largest media group of Southeast Asia, Global Mediacom is involved in the content and advertising business,subscriber-based business and media support and infrastructure.
Sector: Real Estate
Bumi Serpong Damai is a real estate developer primarily engaged in the development of Bumi Serpong Damai City, an integrated residential and business area in the Tangerang regency near Jakarta. It is part of the Sinar Mas Group, one of Indonesia’s largest conglomerates.
Charoen Pokphand Indonesia is and poultry agribusiness company. It is the Indonesian market leader in the production of poultry feed and day old chicks, and a leader of processed chickens.
Gudang Garam is a leading manufacturer of clove cigarettes (kretek) for domestic and international consumption.
Hanjaya Mandala Sampoerna, better known as HM Sampoerna, is the market leader of tobacco in Indonesia. A traditional manufacturer and distributor of clove cigarettes (kretek), HM Sampoerna was acquired by Philip Morris in 2005 and it is now also the distributor of the Marlboro brand in Indonesia.
Sector: Food & Beverages
Indofood CBP Sukses Makmur Tbk is a leader in the production of packaged food products, including noodles, dairy, food seasonings, snack foods, nutrition and special foods and biscuits.
Vale Indonesia is the largest producer of nickel in Indonesia, involved in the exploration, mining, processing and production of semi-refined nickel ore. It is a subsidiary of the Brazilian company Vale, the world’s second largest mining company.
Sector: Food & Beverages
Indofood Sukses Makmur is vertically engaged in the food industry: from agriculture to production of finished consumer products. A part of the Salim Group conglomerate, Indofood Sukses Makmur is the largest food processing company in Indonesia and the world’s leading producer of instant noodles.
Sector: Construction Materials
Indocement Tunggal Prakarsa is the second largest cement producer of Indonesia in terms of market share. It is owned in majority by the German company HeidelbergCement Group.
Jasa Marga is a state-controlled company directly and indirectly, through subsidiaries, involved in the operation and management of more than 70% of toll roads in Indonesia. It is also expanding through the construction of new toll roads.
Kalbe Farma is the largest listed pharmaceutical company in Indonesia and Southeast Asia. It is primarily involved in prescription pharmaceuticals, consumer health and nutrition products, logistics and distribution.
Sector: Real Estate
The largest listed property developer in Indonesia, Lippo Karawaci is involved residential and township development, retail malls, hospitals, hotels and asset management. It is affiliated to the Lippo Group diversified conglomerate.
The largest department store in Indonesia, Matahari Department Store, or simply Matahari, is the market leader in sales of fashion, accessories and beauty products. It separated in 2009 from Matahari Putra Prima (see below) to form two companies in strategic partnership.
Perusahaan Perkebunan London Sumatra Indonesia, better known as PP London Sumatra Indonesia, or, more simply Lonsum, is a plantation company engaged in the production of palm oil, rubber, tea and cocoa. Is is controlled by the Salim Group conglomerate.
Media Nusantara Citra is the largest media company in Indonesia and Southeast Asia. It primarily earns advertising revenues from operating national television broadcasting and content business through its three main TV channels, RCTI, MNCTV, and GlobalTV. Media Nusantara Citra is also involved in Pay-TV, print, online media and radio.
Matahari Putra Prima is a retail company primarily engaged in the sales of fast-moving consumer goods – FMCG – through its chain of supermarkets, “Hypermart”. It also manages health and beauty centers, international bookstores, restaurant services, FMCG logistics and distribution, and entertainment centers. It separated in 2009 from Matahari Department Store (see above) to form two companies in strategic partnership.
Sector: Real Estate
Hanson International is primarily involved in the property business through the management and trade of more than 3,000 hectares of land in the Greater Jakarta area and housing development.
Sector: Energy & Utilities
A state-controlled enterprise, Perusahaan Gas Negara, also known as PGN, is an integrated energy solution provider, the largest company for transportation and distribution of natural gas in Indonesia.
A state controlled company, Tambang Batubara Bukit Asam is one of the largest coal mining companies of Indonesia. a state controlled company, is one of the largest coal mining companies in Indonesia.
A state-controlled company, Pembangunan Perumahan is involved in construction and investment for buildings and infrastructure, property management, engineering and procurement.
Sector: Real Estate
Pakuwon Jati Tbk is a real estate developer in the cities Jakarta and Surabaya. Vertically-integrated, it is involved in land acquisition, property development, marketing and operational management.
Surya Citra Media is a media company engaged television broadcasting, mass media consultation, content production and other media services.
The largest operator of hospitals in Indonesia, Siloam International Hospitals is a subsidiary of Lippo Karawaci.
Sector: Construction Materials
Semen Indonesia is the largest producer of cement in Indonesia as well as the market leader for cement sales.
Sector: Real Estate
Summarecon Agung is a company involved in real estate construction and development. It is the Indonesian leader of township development with residential, commercial, leisure and tourism properties.
Sri Rejeki Isman, better known as Sritex, is a vertically-integrated textile and garment manufacturer. It is the largest textile manufacturer of Indonesia and Southeast Asia.
Sawit Sumbermas Sarana is a plantation company specialized in the production, processing, marketing, distribution and sales of palm oil and palm oil products.
Sector: Construction / Telecommunications
A specialist of wireless signal transmission, Tower Bersama Infrastructure and its subsidiaries build wireless communications antennas to provide access to distributed antennas systems and telecommunications services.
Telekomunikasi Indonesia, better known as Telkom Indonesia, is Indonesia’s largest telecommunications company and network provider with about 50% of the national market of mobile phone subscriptions. Owned in majority by the Indonesian government, Telkom Indonesia is the parent company of Telkom Group which is involved in diversified businesses, including telecommunication, multimedia, property and financial services.
United Tractors is Indonesia’s largest distributor of heavy equipment with about 40-45% of the Indonesian market.
Unilever Indonesia is the largest consumer goods producer in Indonesia, with numerous famous brands for home and personal care, foods and soft drinks. It is owned at 85% by the Dutch Unilever holdings company.
Wijaya Karya is a company engaged in civil engineering, building construction, construction of industrial plants and energy facilities. Majority-owned by the Indonesian government, Wijaya Karya is engaged in works both in Indonesia and abroad.
Waskita Karya is a company involved in construction activities for infrastructures and industrial facilities: highways, bridges, ports, airports, buildings, sewerage plants, cement plants, factories and other industrial plants. A state-controlled company, Waskita Karya is one of Indonesia’s largest construction companies.
Here is a summary of the list of the 45 Indonesian companies in the LQ45 index with their name, logo, sector and stock symbol.
Here are the forty-five largest publicly listed companies of Indonesia. Did you know them all? Do you have any idea about how they should keep expanding their activities in Indonesia, Southeast Asia and the rest of the world?