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Top 10 Companies in Indonesia by Revenue

Indonesia, Southeast Asia’s largest economy, is home to some of the region’s most influential and high-revenue companies. These corporate giants span key industries—from energy and banking to telecommunications and consumer goods—driving economic growth and shaping the country’s business landscape.

  1. Pertamina
    • Industry: Oil & Gas (State-Owned)
    • Revenue: ~$70 billion (2023)
    • Overview: Indonesia’s largest state-owned energy company, involved in oil, gas, and renewable energy.
  2. PT PLN (Persero)
    • Industry: Electricity (State-Owned)
    • Revenue: ~$30 billion (2023)
    • Overview: The national electricity provider, managing power generation and distribution.
  3. PT Telkom Indonesia (Persero) Tbk
    • Industry: Telecommunications (State-Owned)
    • Revenue: ~$10 billion (2023)
    • Overview: Dominates Indonesia’s telecom sector, offering mobile, fixed-line, and digital services.
  4. PT Bank Central Asia Tbk (BCA)
    • Industry: Banking (Private)
    • Revenue: ~$8 billion (2023)
    • Overview: One of Indonesia’s largest private banks, known for strong profitability.
  5. PT Bank Mandiri (Persero) Tbk
    • Industry: Banking (State-Owned)
    • Revenue: ~$7.5 billion (2023)
    • Overview: The biggest state-owned bank in Indonesia by assets.
  6. PT Astra International Tbk
    • Industry: Conglomerate (Automotive, Financial Services, Mining)
    • Revenue: ~$20 billion (2023)
    • Overview: A major diversified company with interests in Toyota distribution, palm oil, and mining.
  7. PT Unilever Indonesia Tbk
    • Industry: Consumer Goods (FMCG)
    • Revenue: ~$3.5 billion (2023)
    • Overview: Leading producer of household and personal care products (e.g., Dove, Lifebuoy, Rinso).
  8. PT Indofood Sukses Makmur Tbk
    • Industry: Food & Beverage
    • Revenue: ~$6 billion (2023)
    • Overview: Known for Indomie noodles and other food products.
  9. PT HM Sampoerna Tbk
    • Industry: Tobacco (Subsidiary of Philip Morris International)
    • Revenue: ~$5 billion (2023)
    • Overview: Leading cigarette manufacturer in Indonesia.
  10. PT Adaro Energy Tbk
  • Industry: Coal Mining
  • Revenue: ~$6 billion (2023)
  • Overview: One of Indonesia’s largest coal producers.

Key Observations

  • State-Owned Enterprises (SOEs) dominate the top spots (Pertamina, PLN, Telkom, Bank Mandiri).
  • Private conglomerates like Astra International and Indofood also rank high.
  • Banking, energy, and consumer goods are the most profitable sectors.
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