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Winners announced for the second edition of Indonesia's Best Managed Companies awards program

INDONESIA, 29 July 2022 – Yesterday, six private enterprises were recognised as winners of Indonesia’s Best Managed Companies awards program at the awards ceremony at the Pullman Jakarta. Indonesia’s Best Managed Companies awards program recognises top private Indonesian companies for their organisational success and contributions to their industry and the economy.
 

Indonesia Best Managed Companies 2022 Winners
Company Industry Sector
PT ACE Hardware Indonesia Tbk Retail
PT Great Giant Pineapple (2021 winner) Agribusiness
PT Indesso Primatama Essential oils, Aromatic chemicals manufacturing
PT Industri Jamu Dan Farmasi Sido Muncul Tbk Healthcare
PT Mowilex Indonesia Paint manufacturing
PT Pakuwon Jati Tbk (2021 winner) Property development

 

The winning companies consist of new applicants who have successfully qualified as a Best Managed for the first time, along with companies who have qualified to maintain their Best Managed status from year to year.

The Best Managed Companies awards program is a well-regarded international awards program that applies a proven evaluation process to assess the quality of business management in a variety of areas including strategy, capabilities and innovation, culture and commitment, as well as governance and finance. Launched in Indonesia in 2021, the evaluation of the awards is based on observed practice over more than 25 years from the global awards program that has been rolled out to 48 countries worldwide.

Claudia Lauw, CEO, Deloitte Indonesia, said: “The inclusion of these six companies in this year’s list of winners, as well as their contributions to the business community and the Indonesian economy, should make them extremely proud. These companies are at the forefront of their industries, having demonstrated such creativity and innovation, especially over the past couple of years. We give our appreciation to the winners of the 2022 Best Managed Companies in Indonesia.”

Roy Tedja, Deloitte Private Leader, Indonesia, , said: “We were impressed by the way these companies stepped up to the challenge and put their strategies and operational management to the test. They were eager to learn from other successful private companies and have now joined an elite community of Best Managed companies in Indonesia and 48 countries around the world. Congratulations to the 2022 winners.”

Entrants to the program strive for this prestigious designation in a rigorous and independent process that evaluates their management skills and practices. This includes having their business strategy and operations analysed and benchmarked against an evaluation framework applied to a strong community of 1200 best-managed private companies across the world. Business leaders then use the process to sharpen strategies and gain valuable insights to help them fine-tune their strategies and operations, optimising business growth.

The Best Managed Companies winners are encouraged to re-join the program every year to continuously challenge, improve, and grow their companies to maintain their Best Managed Companies status. Winners will join other Best Managed companies that have achieved this mark of business excellence, thereby elevating and augmenting their brand credibility, and expanding their market presence. Best Managed Companies winners are invited to the annual regional symposium and networking events.

Press contact:

Desy Budi Utami
Marketing & Communications
Deloitte Indonesia
+62 21 5081 8000
dutami@deloitte.com      

Best Managed Companies Winners’ Quotes

 

Gregory S. Widjaja, Director of PT ACE Hardware Indonesia Tbk

We are pleased to be selected as a winner in Indonesia’s Best Managed Companies 2022, a recognition of progressive management and business practices. Joining the applicant lab and meeting with other participants enabled us to gain additional invaluable insights as well. We strive to continue to bring value for the betterment of lives of our customers, employees and other stakeholders.

 

Tommy Wattimena, President Director of PT Great Giant Pineapple

Receiving the Best Managed Companies award across two consecutive years is truly an honor for the people and leaders who before me have put their heart and soul into building a Great Company. This is a Great Company built by Giant people. Great Giant Pineapple is like a tree that is both planted and nurtured with love. It begins to flower and bear fruit. The journey has never been easy and smooth, but the passion to drive excellence at Global standards has always been at the core. On behalf of the Great Giant Pineapple team, I would like to express our gratitude to Deloitte for the recognition and appreciation.

 

Robby Gunawan, CEO of PT Indesso Primatama

We are very pleased and honoured to be awarded in Indonesia's Best Managed Companies awards for 2022. This award confirms the success of our business model in serving our clients and business partners with the finest quality of natural ingredients as well as becoming their front-line solution provider, while also adhering to our core values of esprit de corps, professionalism, and integrity.

 

David Hidayat, President Director of PT Industri Jamu Dan Farmasi Sido Muncul Tbk

It is an honour for us to receive one of the Indonesia's Best Managed Companies awards in 2022. This achievement is a manifestation of the dedication and heartfelt commitment of our employees who truly drives our success as a company. Continuous innovation, discipline in executing strategic initiatives, and a passion for spreading goodness are Sido Muncul’s cornerstones in running the business. We are very excited to continue our journey forward, to make a positive impact on our customers, communities and the environment.

 

Minarto Basuki, Director of PT Pakuwon Jati

We are thrilled by our win in Best Managed Companies 2022 for two years, consecutively. This award reaffirms the success of our business model, its resilience, stability, and sustainability. We thank our team for their dedication, enthusiasm, and hard work in achieving and sharing our success. This achievement truly inspires us to continue to work harder, improve, and be ready to the challenges in the future. We are committed to being the leading diversified property developer in Indonesia. At PT Pakuwon Jati Tbk, we strongly believe in our corporate value “Together We Grow”. And as we celebrate our 40th anniversary this year, this achievement will mark an important milestone for Pakuwon Jati.

 

Niko Safavi, CEO of PT Mowilex Indonesia

This is a huge recognition for us at PT Mowilex Indonesia. I think this award well-captures the essence of our vision: to be the most trusted paint brand in our market. We compete on the basis of quality and environmental responsibility – our key strategic pillars. That Deloitte was able to notice us among a much larger and highly competent pool of companies is extremely gratifying. We interpret this recognition to mean our management is well-focused on continuous improvement. We see the award as forward-looking, and a nod to continue our efforts.

 

An independent panel of judges consisting of business representatives and academics determined the winners based on the leading practices of Best Managed Companies. This year’s members of the jury are Professor Agus Soehadi, Universitas Prasetiya Mulya; Ancella Anitawati Hermawan, Senior Lecturer, Department of Accounting, University of Indonesia; and Claudia Lauw, Country Leader, Deloitte Indonesia.

Note to Editors:  Some of the winners are listed companies. The term ‘private enterprise’ is used because the majority of the company’s shares are still privately owned either directly or indirectly. This is how we qualify a company’s eligibility for the Best Managed Companies program.

About Indonesia's Best Managed Companies program

The Best Managed Companies program is an awards program recognising privately held companies for their organisational success and achievement. The program provides a distinct framework for management teams to challenge themselves and benchmark against some of the best private companies in the world.

The Best Managed Companies program was established in 1993 in Canada and has become the most significant business awards of its kind. The program is currently active in the Americas, Europe, Australia, China, Taiwan, India and in Southeast Asia.

For more information on the Best Managed Companies program, click here.

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