MNC Corporation

PT MNC Investama Tbk, formerly known as PT Bhakti Investama Tbk, doing business as MNC Corporation or MNC Group, is an Indonesian multinational conglomerate engaged in media, finance, property, natural resources and transportation based in Jakarta, Indonesia. It was established on 2 November 1989 as a financial security company. It holds a majority shareholding of MNC Media (formerly known as Bimantara Citra), MNC Financial Services (formerly known as Bhakti Kapital Indonesia), and MNC Land (formerly known as Kridaperdana Indahgraha and Global Land Development). It is said to be the largest media company in the country.[1]

PT MNC Investama Tbk
MNC Group
FormerlyBhakti Investama (1989–2013)
TypePublic
IDX: BHIT
IndustryConglomerate
Founded2 November 1989 (1989-11-02)
FounderHary Tanoesoedibjo
HeadquartersMNC Financial Center,
Kebon Sirih, Menteng, Jakarta
,
Indonesia
Key people
  • Hary Tanoesoedibjo
    (President Commissioner)
  • Liliana Tanaja Tanoesoedibjo
    (Commissioner)
  • Darma Putra
    (President Director)
ProductsTelevision, media services, mas media
Subsidiaries
Websitewww.mncgroup.com

History

MNC Investama was established in Surabaya on 2 November 1989 by Hary Tanoesoedibjo as Bhakti Investments. The company initially focuses solely on capital-market related activities. It moved its headquarters to Jakarta in 1990. The Company's relocation to Jakarta brought greater opportunities to develop the business in line with the evolving capital market.

In 1994, the Company expanded the scope of its business to include securities trading and brokerage, investment advisory, investment manager, underwriter, origination and syndication, financial advisory and research services, as well as mergers and acquisitions, followed by the launch of mutual fund products. The trust demonstrated by the customers convinced the Company to list its stocks on the Jakarta Stock Exchange and the Surabaya Stock Exchange (now merged into the Indonesia Stock Exchange) through an initial public offering in 1997.

MNC Lido City

MNC Lido City is one of the MNC Land projects being developed. It is located south of Bogor city, West Java, near the village Cigombong, i.e., near Cigombong railway station and the Cigombong toll gates of the Bocimi Toll Road.

The first phase is the development of the Trump International Resort & Golf Club Lido, a golf club and residences.

A visit in 2019 by Donald Trump Jr. raised questions about the financial conflicts of interest between the Trump family and the presidency.[2]

Directors and commissioners

List of president directors
No. Name Serving from End of tenure
1 Hary Tanoesoedibjo 1989 2002
2 Hary Djaja 2002 2009
3 Hary Tanoesoedibjo 2009 2016
4 Darma Putra 2016 present

Board of Directors
No. Name Position Serving from
1 Darma Putra President Director 30 September 2016
2 Susanty Tjandra Sanusi Vice President Director

Independent Director

 30 April 2014

2 May 2013

3 Tien Director 30 April 2014
4 Natalia Purnama Director 30 April 2014
5 Jiohan Sebastian Director 30 April 2014
6 Henry Suparman Director 30 April 2014
7 Mashudi Hamka Director 27 June 2018

Board of commissioner
No. Name Position Serving from
1 Hary Tanoesoedibjo President Commissioner 30 September 2016
2 Liliana Tanoesoedibjo Commissioner 19 June 2009
3 Angela H. Tanoesoedibjo Commissioner 30 September 2016
4 Valencia H. Tanoesoedibjo Commissioner 23 June 2017
5 Kardinal A. Karim Independent Commissioner 27 July 2015
6 Ricky Herbert P. Sitohang Independent Commissioner 27 June 2018

References
  1. Wirdana, Ardi (11 November 2019). "Indonesian Fintech Company Achiko Lists on Swiss Exchange". Deal Street Asia. Retrieved 13 November 2020.
  2. Baram, Marcus (9 August 2019). "Don Jr.'s visit to luxury resort 'prelaunch' in Indonesia revives conflict-of-interest concerns". Fast Company.
  • Official website - visited January 2021, gives the message "Access denied. This website is using a security service to protect itself from online attacks."
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