Best Managed Companies Awards 2024

PT Aspirasi Hidup Indonesia Tbk

PT Aspiration Life Indonesia Tbk (AHI), formerly known as PT Ace Hardware Indonesia Tbk, is a key division of the Kawan Lama Group. This group includes ACE Indonesia and ACE Xpress Indonesia, dedicated to providing innovative solutions and meeting the diverse needs of Indonesian households, businesses, and lifestyles.

Established in 1995, ACE Indonesia has 238 stores operating in 71 cities in Indonesia, and is also present online through Ruparupa omni-channel service. As a public company listed on the Indonesia Stock Exchange, ACES is also listed in the LQ45 index, Kompas 100, Sharia Securities List, and Sharia Stock Index.

PT Cisarua Mountain Dairy Tbk

PT Cisarua Mountain Dairy Tbk (“Cimory”) is a leading producer of premium dairy products and high-quality consumer food in Indonesia. The company specialises in producing and distributing protein-based food and beverages, serving the needs of the Indonesian market.

Cimory became a publicly listed company on the Main Board of the Indonesia Stock Exchange (IDX: CMRY) on December 6, 2021, with an IPO that raised IDR 3.66 trillion. This milestone marked a significant transformation from a family-owned business to a professionally managed publicly listed company, demonstrating its strong commitment to good corporate governance.

In 2023, Cimory reported net sales of IDR 7.7 trillion, reflecting a 22% increase from the previous year. The company remains focused on sustainable growth and ongoing innovation in nutrition.

PT Kino Indonesia Tbk

PT Kino Indonesia Tbk (Kino), established in 1999, is a leading Indonesian FMCG company with over 30 brands across various categories, widely recognised and loved by Indonesian families. The company has expanded its reach to over 30 countries worldwide.

Operating five manufacturing facilities and employing over 3,900 people, the company emphasises innovation driven by a deep understanding of consumer needs. Committed to continuous research and development, Kino fosters a collaborative culture to drive product and service improvements. Its mission is captured in its spirit: "Innovate Today, Creating Tomorrow."

PT Mayora Indah Tbk

PT Mayora Indah Tbk is the largest exporter of Indonesian branded consumer goods. Founded in 1977, Mayora produces a wide range of food and beverage products, including biscuits, candy, wafers, chocolate, coffee and breakfast cereal.

The company has a strong domestic market presence, controls a significant market share and exports to more than 100 countries. Known for its commitment to quality and innovation, Mayora operates 13 manufacturing plants and employs over 25,000 people.

PT Mowilex Indonesia

PT Mowilex Indonesia (Mowilex), a subsidiary of Asia Coatings Enterprises, Pte. Ltd., is a leading producer of premium paints and coatings. Since launching the first Indonesian-made, water-based paints in 1970, the company has expanded its commitment to environmental ethics, equality, community, and innovation.

PT Mowilex is Indonesia’s first and only certified carbon neutral manufacturer, producing zero and low VOC paints in modern colours, and the company regularly wins awards for its corporate social responsibility and ESG initiatives.

PT Nusantara Sejahtera Raya Tbk

PT Nusantara Sejahtera Raya Tbk (stock code: CNMA) also known as Cinema XXI is recognised as the industry leader and an iconic destination for movie-goers in Indonesia.

With more than 35 years of experience in the movie exhibition industry, Cinema XXI is committed to always providing the best and uncompromising movie-viewing facilities and experiences at affordable prices. As of June 30, 2024, Cinema XXI presents over 1,317 screens in 248 cinema locations spread across Indonesia.

PT Pakuwon Jati TBK

Founded in 1982, PT Pakuwon Jati Tbk has established itself as a prominent player in the real estate industry, excelling as an owner, manager, and property developer for over 40 years. The company's strategic roadmap and clear vision have secured its significant presence in major cities across Indonesia.

PT Pakuwon Jati Tbk operates through five core businesses: shopping malls, landed houses, high-rise housing, office towers, and hotels. Notably, it pioneered the “superblock” concept in Indonesia, integrating retail shopping malls, office spaces, condominiums, and hotels into large-scale mixed-use developments.

PT Paragon Universa Utama

Established in 1985, Paragon is rapidly advancing towards becoming the leading beauty company in Indonesia. With robust assets, resources, and operations throughout the country, Paragon is dedicated to contributing positively to the greater good. The company currently boasts 14 brands, with plans for expansion, and serves a diverse consumer base across Indonesia, Malaysia, and Brunei.

As a market leader in beauty and personal care, Paragon takes pride in its products, which are developed by Indonesian scientists at its R&D center—one of the largest in Southeast Asia.

PT SAT Nusapersada Tbk

Satnusa is the largest EMS company listed on the Indonesia Stock Exchange, offering a broad range of world-class services including PCB mounting (SMT), metal stamping, plastic injection, and final assembly.

The company manufactures a diverse array of products, such as smartphones, smart home devices, network hubs, notebooks, tablets, and other high-end electronics. Satnusa’s extensive capabilities establish it as a leading provider in the electronics manufacturing sector.