Express Group (Indonesia) Explained

PT Express Transindo Utama Tbk
Trading Name:Express Group
Former Name:PT Kasih Bhakti Utama (1981 - 1991)
Type:Public company
Industry:Transportation
Area Served:Indonesia
Location:Jakarta, Indonesia
Key People:Johannes Triatmojo[1]
(President Director and CEO)
Abed Nego
(Chief Commissioner)
Revenue:Rp 7,263 billion (2021)
Net Income:Rp 188,639 billion (2021)[2]
Owner:Zico Trust (S) Pte Ltd (22,39%)
UOB Kay Hian Pte Ltd (17,27%)
PT Rajawali Corpora (10,70%)
PT Asuransi Multi Artha Guna (5,53%)
Assets:Rp 91,040 billion (2021)
Equity:Rp 76,068 billion (2021)
Num Employees:44 (2021)
Subsid:See list

PT Express Transindo Utama Tbk (doing business under the name Express Group) is an Indonesian ground transportation company headquartered in Jakarta. Until the end of 2021, this company operates 130 taxi units and 40 bus units in Jadetabek (Greater Jakarta).[2] Express Group is also the second largest taxi company in Indonesia after Blue Bird Group.

History

The company started its history in 1981 as a trading and distribution company under the name "PT Kasih Bhakti Utama". In 1991, this company changed its name to what it is now and shifted its business to land transportation. In 2002, the company started implementing a partnership scheme, in which drivers can operate one unit of the company's vehicle for five to seven years. After that, the vehicle can belong to the driver. In 2010, the company started providing premium taxi services, and in 2012, the company officially listed on the Indonesia Stock Exchange.[2] [3] In 2021, the company is holding a second private placement.[4]

Subsidiaries

Until the end of 2021, this company has 16 subsidiaries, namely:

  1. PT Wahyu Mustika Kinasih, engages in the taxation sector in Tangerang City, Banten
  2. PT Semesta Indoprima, engages in the taxation sector in West Jakarta, Special Capital Region of Jakarta
  3. PT Tulus Sinar Selatan, engages in the taxation sector in South Jakarta, Special Capital Region of Jakarta
  4. PT Mutiara Express Perdana, engages in the taxation sector in Bekasi City, West Java
  5. PT Fajar Mutiara Timur, engages in the taxation sector in South Tangerang, Banten
  6. PT Express Kencana Lestari, engages in the taxation sector in Depok, West Java
  7. PT Ekspres Sarana Batu Ceper, engages in the taxation sector in Bekasi City, West Java
  8. PT Ekspres Mulia Kencana, engages in the taxation sector in Bekasi City, West Java
  9. PT Indo Semesta Luhur, engages in the taxation sector in Surabaya, East Java
  10. PT Express Kartika Perdana, engages in the taxation sector in Surabaya, East Java
  11. PT Express Limo Nusantara, engages in the taxation sector in Medan, North Sumatra
  12. PT Satria Express Perdana, engages in the taxation sector in Semarang, Central Java
  13. PT Express Sabana Utama, engages in the taxation sector in Padang, West Sumatra
  14. PT Lendang Karun, engages in the taxation sector in Mataram, West Nusa Tenggara
  15. PT Express Jakarta Jaya, engages in Jakarta
  16. PT Mutiara Kencana Sejahtera, engages in Jakarta

See also

Notes and References

  1. Web site: Komisaris & Direksi. PT Express Transindo Utama Tbk. id. 5 August 2022.
  2. Web site: Laporan Tahunan 2021. PT Express Transindo Utama Tbk. id. 5 August 2022.
  3. Web site: Sekilas Perusahaan. PT Express Transindo Utama Tbk. id. 5 August 2022.
  4. Web site: Pengelola Taksi Express Gelar Private Placement Tahap Kedua. Liputan6.com . 12 January 2021. 19 July 2021.

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