Brief Profile

PT Mitra Investindo Tbk (the “Company”) established in September 16, 1993 and started its commercial operation in 1994 as a multi-finance company.

On July 1997, the Company listed all shares (“Company Listing”) in the Jakarta Stock Exchange and the Surabaya Stock Exchange, known as PT Maharani Finance Tbk or MITI. During the company’s journey, the Company has several times transformed its main business activities, including financial advisory services in 2000, the granite mining industry in 2004-2018, then oil and gas industry from year 2014 to 2020. Early year 2021, the main business activities transformed to the domestic shipping through an acquisition of 99.81% shares of PT Wasesa Line, a domestic shipping company.

In line with the Company’s growth strategy to become a global logistics Company by acquiring similar companies or other companies which have synergies with existing shipping services operations, in December 2022 the Company expanded its assets portfolio in the field of shipping and stevedoring through the acquisition of 99% shares of PT Pelayaran Karana Line (PKL) which is engaged in shipping and ship agency, and the acquisition of 70% shares in PT Karya Abdi Luhur (KAL), which is engaged stevedoring.

In accordance with the latest amendment to Article 3 of the Company's Articles of Association, the scope of the Company's activities is engaged in mining, development (contracting), trading and services. Currently, the Company is engaged in shipping services, ship management and agency as well as loading and unloading through participation in subsidiaries..