Top Corporate Finance Companies in Indonesia

Indonesia is one of the fastest-growing economies in Southeast Asia, with a population of more than 270 million people and a GDP of USD 1.1 trillion in 2022. The country's corporate finance industry has been a key contributor to its economic growth, providing funding for businesses, supporting investment and expansion, and contributing to job creation. In this article, we will take a closer look at the corporate finance industry in Indonesia, including key statistics from 2022, factors contributing to its growth and success, key trends, challenges, and future outlook.

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CompanyHeadcountContactDescriptionDecision Maker
PKF HADIWINATA458 +62 361 418327
sby-office@pkfhadiwinata.com

PKF Hadiwinata is a top 10 accounting & professional services firm in Indonesia, headquartered in the heart of the financial district of Jakarta, and is a member of PKF International’s global family of legally independent firms. The Certified Public Accounting firm Paul Hadiwinata, Hidajat, Arsono, Retno, Palilingan & Rekan was founded in 1987 by Drs. Paul Hadiwinata, CA, CPA; and has been a member of PKF International since 1989. We are committed to promoting and embracing constructive reform and to helping clients follow good business practices, while increasing value for their stakeholders. From startups to multinationals and everything in between, we offer world-class support with the passion, teamwork, clarity, quality and integrity you need to succeed. PKF is a global family of legally independent firms bound together by a shared commitment to quality, integrity and the creation of clarity in a complex regulatory environment. With offices in 440 cities, we operate in 150 coun…

KAP TERAMIHARDJA, PRADHONO & CHANDRA87 +62 21 30056267
info@tpc.co.id

Teramihardja, Pradhono & Chandra was founded by Fitradewata Teramihardja, Pradhono and Tedy Chandra in June 2011 as a result of the merger of their established business practices. Our Vision To be acknowledged as a trusted and reliable business partner, as well as advisor, in every market we serve. Our Mission To create values and confidence through all of our services to help clients succeed in their respective market, and to provide outstanding career opportunities for our people. Our Services We offer a wide range of services to our clients such as: Financial Assurance Services - Financial audits and other business assurance - Operational audits - Internal control reviews and outsourcing - Due diligence review - Special audits - Review of interim financial reports - Compilation of financial statements - Accounting service Corporate Finance - Corporate restructuring – acquisition strategies, mergers and divestitures, capital raising, business restructuring - Feasibility study…

SMART ADVISORY SOLUTIONS99 +62 821-9495-6032
contact@sasbali.com

With sincerity, knowledge and professionalism, Smart Advisory Solutions continuously helps amazing people to build their dreams and to change the world. We are the leading professional Advisory Services Company in Bali, offering high quality services to foreign and local entrepreneurs, small & medium enterprises (SMEs), and multinational companies alike throughout Indonesia and the Asia-Pacific region. We base our services on: • A deep understanding of your needs always offering tailored solutions, • Our very responsive team of experts, available upon your demand, • With our proactive approach, we always strive to exceed your expectations through our professional supervision and review, full data integrity and confidentiality, compliance with the latest up-to-date regulations and timely and reliable delivery of high-quality services. Smart Advisory Solutions was founded by 5 shareholders with deep knowledge of and responsibility for Bali and Indonesia. Our founders, management and…

FORTIA STRATEGIC PARTNER13 +62 21 57950573
office@fortiastrategy.com

A boutique strategic management consulting firm specializing on high growth companies and industries in Indonesia. As an affiliate of SSCX International, Fortia combines strategic management solution with operational excellence expertise to achieve sustainable and profitable growth for our diversified clients portfolio

PT. BAHANA PEMBINAAN USAHA INDONESIA (PERSERO)117 +62 21 50890929
eppid@ifg.id

A State-Owned (SOE/BUMN) Strategic Holding Company of: PT Bahana Sekuritas (Investment Banking, Financial Advisory, Capital Market, Stock & Fixed Income Brokerage); PT Bahana TCW Investment Management (Asset Management); PT Bahana Artha Ventura (Venture Capital); PT. Bahana Kapital Investa (Private Equity); PT Grahaniaga Tatautama (Building Management, Owner of Graha CIMB Niaga); PT Asuransi Kerugian Jasa Raharja; PT Asuransi Kredit Indonesia (Askrindo); PT. Asuransi Jasa Indonesia (Jasindo); and PT Jaminan Kredit Indonesia (Jamkrindo) - Bahana Sekuritas is one of the largest and most respectable brokerage firm and investment bank in Indonesia. Established in 1993, you can see some of our extensive acknowledgements and awards here: http://bahanasecurities.id/en/who-we-are/acknowledgements/awards - Bahana TCW Investment Management is a joint venture between PT. Bahana Pembinaan Usaha Indonesia (Persero) and Trust Company of the West, USA. Established in 1994, we are of the first inve…

PT SAMUEL SEKURITAS INDONESIA190 +62 21 28548100

PT Samuel Sekuritas Indonesia is a full service investment bank providing a complete range of corporate finance and advisory services, as well as equity and fixed income sales and trading, and brokerage services to institutional and retail clients. It has several divisions under its umbrella: * Corporate Finance * Equity Brokerage * Fixed Income Brokerage * Research * Custody Services We choose our businesses and clients selectively, and our global network of alliances and partnerships cultivated over the past several decades have enabled us to work closely with reputable domestic and international institutions alike.

SANDIVA22 +62 21 50992333
info@sandiva.co

Bringing clarity to difficult business problems in a large scope of underperformance is very stressful for business owners. A collaboration skills is the key solution. Sandiva, a consulting firm specialty business advisory service providing comprehensive solutions for a complex business problems and legal. Sandiva brings a comprehensive consulting by having a strong collaboration of financial and legal knowledge which focuses on corporate finance, restructuring and turnaround services. We believe with our differentiation services from others, an end to end consulting will facilitate a prompt resolution and we dedicated ourselves as a path to revive your business problems

ARGHAJATA CONSULTING46 +62 21 7505695
info@arghajata.com

Arghajata Consulting (Previously IndoConsult) is a member firm of Arghajata Alliance network of professional services firms and provides management-consulting services to clients aiming at improving performance and unleashing their value. Supported by professionals, Arghajata Consulting provides services in strategy & execution, organization & performance improvement, corporate finance, information technology & process transformation and assurance & accounting. Since its inception in 2005 through to 2014, the firm worked with Booz & Company (previously known as Booz Allen Hamilton), a leading global management-consulting firm. Now Arghajata is continue working with several global management-consulting firms on a non-exclusive basis, to provide integrated professional services to its joint clients in Indonesia.

BRIGITTA I. RAHAYOE & PARTNERS21 +62 21 27889027
ahmad.fadli@brigitta.co.id

The law firm of BRIGITTA I. RAHAYOE & PARTNERS, formerly Brigitta I. Rahayoe & Syamsuddin, was established in August 1996 as a Partnership of Legal Consultants in Indonesian Business Law. At present, BRIGITTA I. RAHAYOE & PARTNERS consists of a Managing Partner, five Associates and three taxation specialist, and is supported by twenty supporting staff. BRIGITTA I. RAHAYOE & PARTNERS is focusing, initially, on general commercial and corporate matters, banking and finance, asset-based security transactions, investment related matters, cross-border corporate transactions, and project finance, particularly financing of manufacturing and infrastructure projects, where the expertise of Mrs. Rahayoe has been for many years. Our ultimate aim is to be the firm of choice for those who desire highly competent and responsive lawyers to assist them in their many activities in Indonesia. We take pride in being able to deliver top-notch specialized services in certain areas - comparable or superio…

AVANTGARDE CAPITAL10 +62 21 50577007
info@avantgarde-corp.com

Avantgarde Capital, one of the most trusted and leading home-grown investment banking advisory houses in Indonesia, founded by Laurentius Sutikno, one of the most senior and experienced investment bankers in Indonesia, with over 25 years of experience in the Indonesian investment banking and capital markets, and well-connected in the Indonesian business community.

TRIPLE A ADVISORY AND INVESTMENT5 +62 21 29332889
rinto@aaainvestama.com

Triple A is a Private Investment company and Corporate Finance Advisory Services, committed to deliver the finest quality of financial strategic solutions for companies through our various expertise in the field. Supported by highly experienced professional with requisite skills in each of their areas of expertise and network of strong relationships with policy makers, regulators, and entrepreneurs, we serve clients across all major sectors across Indonesia. Follow us for global insights on companys strategic financial decisions, innovative corporate finance solutions and more information on culture and careers at Triple A.

REGISTERED PUBLIC ACCOUNTING FIRM JIMY ABADI10 +62 31 99210213
info@jimyabadi.com

Kantor Akuntan Publik Jimy Abadi / Registered Public Accounting Firm Jimy Abadi is a boutique firm and established in mid 2018 with a commitment to provide high quality assurance , non-assurance and financial advisory services consistently. The Firm strictly commit to implement the audit practice according to Auditing Standards to ensure standard practice being delivered which bring consistency and relevance with the global auditing practice. The founder of the Firm experienced with one of the largest accountings and financial advisory firm before started his own practice. He was also a financial advisor and provide valuable insights in corporate finance and corporate actions area. The needs toward credible financial information especially from the investor and potential investor have driven the market for high quality service in auditing service. The financial statements and other financial indicators will drive multiple investment decisions such as enter into/increasing investment …

ARTHA SEKURITAS INDONESIA10 +62 21 62312525

Artha Sekuritas Indonesia is an integrated securities firm in Indonesia which provides equity brokerage (retail & institutional) and investment banking services. Licensed as broker-dealer and underwriter from Financial Services Authority of Indonesia (OJK).

FIDELITAS ADVISORS19 +62 21 7234458
executive.assistant@fidelitas.co.id

Fidelitas is a boutique investment-banking firm that provides bespoke services encompassing Corporate Finance, Private Placement and M&A. Our senior partners have more than 100 years of combined experience in project advisory, structured finance, M&A, and capital market transactions. Advisory Services Years of hands-on deal making experiences across vibrant industries in the SEA region gives us in-depth knowledge of the market’s appetite and players. Fidelitas is able to give options and better solutions to our clients through our advisory services, which includes among others; buy and sell side advisory, project finance advisory, joint venture facilitation, vendor’s listing to business and financial roadmap advisory services. Funding Services We offer creative alternatives to structure a project or acquisition funding. This is driven by creative ways to fulfill unique funding needs. Our services range from acquisition finance, pre-IPO finance, project finance, leveraged recapitaliz…

P.T. ASCO PRIMA SURYA5 +62 21 5255555
asco.general@ascosurya.com

Establishment Everyday, Indonesia has exposure to sun, which can be converted into energy as part of development agenda in the country. Our interest in solar power development in the country is due to the fact that still millions population in the country do not have access to the affordable electricity whereby solar power still has limited usage in the region with unlimited sun radiation throughout the year. We can understand that electricity is a means to alleviate them out from poverty in a way of empowering their lives. Our inception into the industry can be traced back in 2011 when one of the founders were deeply involved in the research and advisory service for the industry, while the other founders were deeply involved in commercial and corporate finance. With these combined expertise, our presence was institutionalized through establishment of legal entity, P.T. Asco Prima Surya (ASCO), in 2015 by professionals with international exposure of operating large and complex enginee…

TIXTAX7 +62 818-0649-2382
info@tixtax.co.id

PT. Hadiwaluyuno Consulindo atau Tixtax adalah perusahaan konsultan pajak resmi yang terdiri dari tim konsultan pajak yang telah berpengalaman setidaknya 15 tahun dibidang perpajakan. Kami memiliki jaringan konsultan perpajakan resmi di berbagai kota di Indonesia, diantaranya, Jakarta, Bandung, Semarang, Batam dan Surabaya. Dengan dukungan tim konsultan pajak yang professional, berpengalaman lebih dari 15 tahun dan bersertifikat resmi konsultan pajak, kami siap memberikan pelayanan yang terbaik buat anda dan/atau perusahaan. Pastikan anda dan/atau perusahaan mendapatkan pelayanan terbaik, cepat, tepat dan sepenuh hati. Silahkan konsultasikan perpajakan anda Bersama kami.

PHILLIP SEKURITAS INDONESIA180 +62 21 57900800
marketing@phillip.co.id

Established in 1989, PT Phillip Securities Indonesia is a trusted foreign retail securities broker at Indonesia Stock Exchange (IDX). PT Phillip Securities Indonesia is a member of Phillip Capital Group that headquartered in Singapore and operates in the financial hubs of 16 countries worldwide. We offer various ranges of financial products and services including Stocks, Mutual Fund, and Corporate Finance. Based on our vision, to be a trusted Securities Company and reliable partner to achieve customers investment goals, we will continue provide excellent services to our customers. PT Phillip Sekuritas Indonesia is licensed and supervised by Financial Services Authority (Otoritas Jasa Keuangan). Talk to Us. Talk to Phillip.

PHILLIP SEKURITAS INDONESIA135 +62 21 57900800
marketing@phillip.co.id

Established in 1989, PT Phillip Securities Indonesia is a trusted foreign retail securities broker at Indonesia Stock Exchange (IDX). PT Phillip Securities Indonesia is a member of Phillip Capital Group that headquartered in Singapore and operates in the financial hubs of 16 countries worldwide. We offer various ranges of financial products and services including Stocks, Mutual Fund, and Corporate Finance. Based on our vision, to be a trusted Securities Company and reliable partner to achieve customers investment goals, we will continue provide excellent services to our customers. Talk to Us. Talk to Phillip.

BDO IN INDONESIA872

BDO is the leading provider of professional services within the mid-tier of our profession. We are proud to deliver exceptional services to our client, from 1,803 offices in 164 countries, across the world. Our 111,307 professionals continuously transform our approach by embracing future-oriented technology and focusing on quality. We utilise our resources in audit, accounting, tax and advisory services to deliver personalized and flexible programs to meet your unique expectations. We work hand-in-hand with you throughout the journey with our pool of specialists in the following services : - Audit & Assurance - Tax - Advisory - Business Services & Outsourcing - Valuation - Corporate Finance - Branding & Marketing - Human Capital & Training - Legal Advisory

RSM INDONESIA889

RSM Indonesia is one of Indonesia’s leading audit, tax and consulting firm that offers world-class services in many areas that are important for the growth and sustainability of a company. Initially established in 1985 by Amir Abadi Jusuf, with a Registered Public Accountants as our flagship firm, we have surpassed three decades of sustained growth and professional success, evolved into an integrated professional services group of AAJ Associates, then RSM AAJ, which places great emphasis on delivering high quality standards of services to its clients, and now proudly referred to as RSM Indonesia. RSM Indonesias vision is to be the right partner to its stakeholders by rendering professional value-added services to support our clients target, providing rewarding professional and enjoyable working culture while contributing to the profession, industry, and to the Indonesian economy. Having established as a strong local presence for more than 35 years, RSM Indonesia has established offi…

Top Corporate Finance Companies in Indonesia

Key Statistics: GDP and Employment

The corporate finance industry has played a significant role in Indonesia's economic growth, providing funding for businesses across various sectors, including manufacturing, agriculture, retail, and technology. According to the Indonesian Venture Capital and Startups Association (AMVESINDO), the total amount of venture capital funding in Indonesia reached USD 3.3 billion in 2022, up from USD 1.9 billion in 2020. This growth has led to the creation of new jobs and the expansion of existing businesses. The industry has been a significant employer, providing over 800,000 jobs in 2022.

Factors Contributing to Growth and Success

The Indonesian government has implemented various initiatives to support the growth of the corporate finance industry, including tax incentives for investors, the establishment of a fintech regulatory sandbox, and the creation of a startup accelerator program. These initiatives have helped to attract foreign investment, promote innovation, and support the growth of local businesses.

Industry Growth and Comparison to Previous Years

The growth of the corporate finance industry in Indonesia has been driven by the growth of various sectors, including e-commerce, fintech, and renewable energy. The e-commerce sector has been particularly successful, with the number of online shoppers in Indonesia expected to reach 133 million by 2025, up from 88 million in 2020.

The corporate finance industry in Indonesia has experienced significant growth over the past few years, with the total amount of venture capital funding increasing from USD 105 million in 2015 to USD 3.3 billion in 2022. This growth has been driven by increased investor interest, a growing startup ecosystem, and the success of local unicorns such as Gojek and Tokopedia.

Key Trends: Technological Disruptions

The corporate finance industry in Indonesia is undergoing significant technological disruptions, with the rise of fintech and digitalization of financial services. Fintech startups in Indonesia have been successful in providing alternative financing options to traditional banks, making it easier for small and medium-sized enterprises (SMEs) to access funding.

Another key trend in the corporate finance industry in Indonesia is the digitalization of financial services. Digital payments have become increasingly popular in Indonesia, with the number of digital wallet users expected to reach 125 million by 2025, up from 80 million in 2020. This trend has led to the growth of digital lending platforms, digital banks, and other financial technology services.

Challenges

Despite the growth and success of the corporate finance industry in Indonesia, there are still several challenges that need to be addressed. One of the biggest challenges is the lack of financial literacy among the general population, which can make it difficult for businesses to access funding and for investors to make informed decisions.

Another challenge is the regulatory environment, which can be complex and confusing for businesses and investors. The Indonesian government has taken steps to address this issue, but there is still room for improvement in terms of streamlining regulations and making it easier for businesses and investors to navigate the system.

Future Outlook

The future outlook for the corporate finance industry in Indonesia is positive, with continued growth expected in the coming years. The government's commitment to improving infrastructure, supporting domestic businesses, and attracting foreign investment is expected to create new opportunities for the corporate finance industry.

Technological disruptions will continue to play a key role in the growth and evolution of the industry, with the rise of fintech and digitalization of financial services expected to accelerate in the coming years. This will create new opportunities for startups and established players alike, but will also require businesses to adapt to changing market conditions and evolving customer preferences.

Conclusion

In conclusion, the corporate finance industry in Indonesia is a key contributor to the country's economic growth, providing funding for businesses, supporting investment and expansion, and creating jobs. The industry has experienced significant growth in recent years, driven by government initiatives, industry growth, and key trends such as technological disruptions. While there are challenges that need to be addressed, the future outlook for the industry is positive, with continued growth expected in the coming years.

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By Melissa Goh
Published on 12 May 2023