As a company, we’ve come a long way. From the start we were aiming to
create ecosystems of the best ideas delivered through the most
relevant products and services in the most effective ways, by the most
talented people in our industry.
Here is our historical story of achievements.
MPM, the precursor to today's PT Mitra Pinasthika Mustika Tbk, was founded by William Soeryadjaya
The Company established PT Federal Karyatama (FKT), which operates in the manufacturing and packaging of lubricant under the "Federal Oil" brand for motorcycles and the "Federal Mobil" brand for cars.
The Company opened its first MPMMotor retail outlet for direct motorcycle sales
The Company acquired shares in PT Sasana Arta Finance (SAF)
The Company established PT Mitra Pinasthika Mulia (MPMulia) which took over the Company's motorcycle distribution activities
The Company aquired PT Mitra Pinasthika Mustika Rent (MPMRent) and PT Mitra Pinasthika Mustika Finance (MPMFinance) and their subsidiaries in January
JACCS Co. Ltd. acquired 40% shares of PT Sasana Artha Finance with put option.
In May, the Company established PT Asuransi Mitra Pelindung Mustika (MPMInsurance)
The Company was listed on the Indonesia Stock Exchange, formally becoming a Public Company ('Tbk') in May
The finalization stage of the merger process of PT Mitra Pinasthika Mustika Finance and PT Sasana Artha Finance to become PT JACCS Mitra Pinasthika Mustika Finance Indonesia.
The Company established PT Putra Mustika Prima (MPMParts)
The Company was named one of the "50 Best Companies" by Forbes Indonesia magazine
MPM's 30th anniversary
MPM Group launched its new logo as well as its new Vision and Mission as part of its transformation into the new MPM
Completion of the sale of 20% of the Company's shares in PT JACCS Mitra Pinasthika Mustika Finance Indonesia to JACCS Co., Ltd.
MPM completed the strategic divestment of 100% of its shares in FKT, to Esso Petroleum Company, Limited and ExxonMobil UK Limited
Bidbox, the online dealer in in Indonesia for various car brands under MPM Group was officially launched at Gaikindo Indonesia International Auto Show (GIIAS)
PT Saratoga Investama Sedaya Tbk becomes the Controlling Shareholder of the Company
The Company effectively increased its share ownership from 56.87% to 88.0% in its Subsidiary, PT Asuransi Mitra Pelindung Mustika
Additional online auction features by PT Balai Lelang Asta Nara Jaya (AUKSI), subsidiary of PT Mitra Pinasthika Mustika Rent
The launching of used car sales digital platform to accelerate digital transformation
Strategic partnership between MPMX and CARRO to provide an integrated online and offline automotive ecosystem in Indonesia, through the transfer of the Company's 49.99% share ownership in PT Mitra Pinasthika Mustika Rent to Trusty Cars Pte. Ltd.
The Company effectively increased its share ownership from 88.0% to 96.0% in its Subsidiary, PT Asuransi Mitra Pelindung Mustika