

22
www.globeasia.comT op Group s
RANK GROUPS
2017
REVENUE
2018
REVENUE
1
Jardine Mathesson/Astra International
Henry Keswick and family
$13.6
billion
$14.7
billion
2
Salim Group/First Pacific/
Gallant Venture/Brantwood
Anthoni Salim
$11.8
billion
$12.1
billion
3
Djarum Group
Robert B. Hartono and Michael Hartono
$8.4
billion
$9.0
billion
4
Sinar Mas Group
Eka Tjipta Widjaja
$8.3
billion
$8.7
billion
5
Gudang Garam Group
Susilo Wonowidjojo
$6.5
billion
$7.5
billion
6
Philip Morris International (Altria Group)
Foreign/US
$7.1
billion
$7.1
billion
7
Lippo Group
Mochtar Riady
$6.8
billion
$7.0
billion
8
Royal Golden Eagle Group
Sukanto Tanoto
$5.1
billion
$5.7
billion
9
Alfamart Group/Sumber Alfaria Trijaya
Djoko Susanto
$3.4
billion
$4.3
billion
10
CT Corpora
Chairul Tanjung
$3.3
billion
$3.6
billion
11
Charoen Pokphand
Sumeth Jiaravanon & Benjamin Jiaravanon
$2.8
billion
$3.5
billion
12
Temasek Group
Government of Singapore
$3.5
billion
$3.3
billion
13
Bakrie & Brothers
Aburizal Bakrie
$3.2
billion
$3.1
billion
14
Adaro Energy
Edwin Soeryadjaya, Boy Thohir, TP Rachmat
$2.5
billion
$3.1
billion
15
Unilever (Mavibel BV)
Foreign/Dutch
$3.0
billion
$2.9
billion
16
Triputra Group
TP Rachmat
$2.6
billion
$2.8
billion
17
Wings Group
Eddy William Katuari
$2.7
billion
$2.8
billion
18
Barito Pacific Group
Prajego Pangestu
$1.9
billion
$2.4
billion
19
Qatar Investment Authority/
Indosat Ooredo
Foreign/Qatar
$2.2
billion
$2.1
billion
20
Japfa Comfeed
Handojo Santoso
$2.1
billion
$2.1
billion
21
Tiphone Mobile Indonesia
Hengky Setiawan
$2.0
billion
$2.1
billion
22
Northstar Group
Patrick Walujo and Glen Sugita
$2.1
billion
23
Gajah Tunggal Group
Sjamsul Nursalim
$2.1
billion
$2.0
billion
24
Panasonic Gobel Group
Rahmat Gobel
$1.7
billion
$1.8
billion
25
ABC Group
Husain Djojonegoro
$1.8
billion
$1.7
billion
RANK GROUPS
2017
REVENUE
2018
REVENUE
26
Erajaya Sembada
Budiarto Halim
$1.5
billion
$1.7
billion
27
Indo Tambangraya Megah Tbk/
Banpu Minerals
Foreign/Thailand
$1.3
billion
$1.65
billion
28
Bank Panin Group
Mu’min Ali Gunawan
$1.7
billion
$1.6
billion
29
XL Axiata Group
Private
$1.5
billion
$1.6
billion
30
Argo Manunggal
The Nin King
$1.5
billion
$1.6
billion
31
Standard Chartered Group
Foreign/UK
$2.4
billion
$1.5
billion
32
Kalbe Farma Group
Boenjamin Setiawan
$1.4
billion
$1.4
billion
33
Bentoel Investama/BAT
Foreign/UK
$1.4
billion
$1.4
billion
34
Mayora Indah
Jogi Hendra Atmaja
$1.3
billion
$1.4
billion
35
Lion Air Group
Rusdi Kirana
$1.2
billion
$1.3
billion
36
AKR Corporindo
Haryanto Adikoesoemo
$1.1
billion
$1.3
billion
37
Kompas Gramedia Group
Jakob Oetama
$850
Million
$1.3
billion
38
Ciputra Group
Ciputra
$1.4
billion
$1.3
billion
39
Maybank Indonesia Tbk
Maybank Malaysia
$1.7
billion
$1.2
billion
40
TNT Group
Teddy Thohir
$1.2
billion
$1.1
billion
41
Heidelberg Cement Group (Indocement)
Foreign/Germany
$1.55
billion
$1.0
billion
42
Bosowa Group
Aksa Mahmud
$1.2
billion
$1.0
billion
43
Indika Energy Group
Agus Lasmono and Wiwoho Basuki
$783
Million
$1.0
billion
44
Bayan Resources
Dato Low Tuck Kwong
$561
Million
$1.0
billion
45
Gunung Sewu Group
Husodo Angkosubroto
$973
Million
$980
Million
46
MNC Investama
Hary Tanoesoedibjo
$970
million
$970
Million
47
Persada Capital Group
Beny Subianto Family
$960
Million
$970
Million
48
Tunas Ridean
Anton Setiawan
$936
Million
$925
Million
49
OCBC-NISP
Foreign/Singapore, OCBC
$883
Million
$915
Million
50
FKS Multi Agro
Private
$915
Million
$910
Million