PT. Pindad (Persero)

What PT. Pindad (Persero) does

PT. Pindad (Persero) is an Indonesian state-owned defense and security manufacturing enterprise headquartered in Bandung, West Java, and a member of the DEFEND ID defense industry holding under the Ministry of State Enterprises. The company manufactures small arms (assault rifles including the SS2-V4, pistols, sniper rifles, machine guns, mortars), a full range of ammunition from 5.56mm to 105mm, armored vehicles (Anoa 6x6 APC, Badak, APC 4x4), the Harimau medium tank (co-developed with Turkey's FNSS), tactical vehicles (Maung, MORINO EV, MORINO MV CRUISER), and counter-UAS security systems (SPS-1 anti-drone, mobile jammer). Industrial products include Siemens-licensed generators, Excava 200 and amphibious excavators, PTM45 tractors, railway brake systems, and mining explosives (RenEx T Booster), sold to mining, power, rail, and shipping customers. The company operates two main manufacturing sites (Bandung and Turen, Malang) and a Jakarta representative office, with 2,536 employees and core capabilities spanning weapons machining, ballistic engineering, pyrotechnics, explosives, and heavy equipment fabrication.

Pindad operates a B2G/B2B direct sales model with no public pricing, distributing through government procurement processes, defense exhibitions, bilateral defense cooperation agreements, and direct B2B sales to state-owned enterprises. Revenue streams include defense and security hardware sales (TNI, Polri, defense ministry), commercial industrial products (PT KAI, PT PLN, PT INKA, mining), industrial services (engineering, maintenance, calibration, blasting), and trading of third-party explosives and industrial inputs. The company is 100% indirectly owned by the State of Indonesia through PT Len Industri (Persero), with the State holding a 1% Series A Dwiwarna golden share and 99% held by the holding company. International expansion is accelerating through partnerships with EDGE Group (UAE, USD 27M ammunition deal), SAMI DS (Saudi Arabia), Ashok Leyland (India, electric vehicles), and ongoing FNSS (Turkey) collaboration, alongside deployment of Anoa APCs in UN peacekeeping missions. The company maintains ISO 9001:2015, 14001:2015, 45001:2018, 18001:2007, and 37001:2016 certifications and MIL-STD compliance for defense products.

Name

PT. Pindad (Persero)

Legal name

PT Pindad (Persero)

Website

https://pindad.com

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

PT. Pindad (Persero) is Indonesia's state-owned defense and security manufacturer producing small arms, ammunition, armored vehicles, and the Harimau medium tank for the Indonesian military, police, and government agencies, with secondary industrial products and growing international export partnerships.

Ownership category

akta.pro rank

Product category

Defense Equipment Manufacturing

NAICS

Military Armored Vehicle, Tank, and Tank Component Manufacturing (336992), Small Arms Ammunition Manufacturing (332992), Small Arms, Ordnance, and Ordnance Accessories Manufacturing (332994), Ammunition (except Small Arms) Manufacturing (332993)

SIC

Ordnance & Accessories, (No Vehicles/Guided Missiles) (3480)

akta.pro industry

PRIMARYIMABAHAG

Ammunition Manufacturing (Small-, Medium- & Large-Caliber)

Industrials, Manufacturing & Construction/Aerospace & Defense Manufacturing/Missiles, Munitions & Ordnance Manufacturing

SECONDARYIMABAJAK

Military Tactical Wheeled Vehicles (Light/Medium/Heavy)

Industrials, Manufacturing & Construction/Aerospace & Defense Manufacturing/Ground Defense Vehicles & Armored Systems

SECONDARYIMABAHAK

Explosives, Energetics & Pyrotechnics (Military-Grade)

Industrials, Manufacturing & Construction/Aerospace & Defense Manufacturing/Missiles, Munitions & Ordnance Manufacturing

SECONDARYIMAEALAE

Military-Grade Explosives & Energetic Materials

Industrials, Manufacturing & Construction/Chemicals & Industrial Materials/Explosives & Propellants

SECONDARYIMABAHAH

Artillery, Mortar & Tank Munitions

Industrials, Manufacturing & Construction/Aerospace & Defense Manufacturing/Missiles, Munitions & Ordnance Manufacturing

SECONDARYIMABAHAL

Ordnance Components & Subassemblies (Casings, Liners, Guidance Sections)

Industrials, Manufacturing & Construction/Aerospace & Defense Manufacturing/Missiles, Munitions & Ordnance Manufacturing

Keywords

• Defense equipment manufacturing
• Military weapons production
• Armored vehicle fabrication
• Ammunition manufacturing
• Industrial equipment production

Headquarters

HQ city

Bandung

HQ country

Indonesia

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Defense and Security Hardware Sales: PT Pindad generates the majority of its revenue from manufacturing and selling weapons, ammunition, and armored vehicles to Indonesian military (TNI), police (Polri), and other government agencies. This includes rifles, pistols, machine guns, sniper rifles, mortars, armored personnel carriers, tanks, and tactical vehicles. The company also exports defense products to international markets and supplies UN peacekeeping missions.
2. Commercial Industrial Products: Revenue from non-defense commercial products including heavy equipment (excavators, tractors), industrial generators, mining explosives and services, transportation infrastructure components, and cyber security solutions sold to commercial customers such as PT KAI, PT PLN, PT INKA, mining companies, and national shipping yards.
3. Industrial Services: Services including industrial system engineering, maintenance of industrial products/equipment, quality testing and calibration, construction, machining, heat and surface treatment, drilling, blasting, explosive destruction services, explosive transportation and warehousing, and electric machine maintenance.
4. Trading and Distribution: Trading revenue from selling third-party industrial products including Ammonium Nitrate, Panfo, Electric and Non-Electric Detonators, Detonating COD, Boosters, Geodetoseis, and Geopentoseis. The company also distributes explosives manufactured by other producers.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core offering

PT Pindad manufactures defense and security products including small arms (assault rifles, pistols, sniper rifles, machine guns, mortars), a comprehensive ammunition range from 5.56mm to 105mm, and special vehicles (armored personnel carriers, medium tanks, tactical vehicles). The company also produces commercial industrial products such as Siemens-licensed generators, excavators, agricultural tractors, mining explosives, and railway brake systems, along with security products including anti-drone systems and mobile jammers. Its primary customers are the Indonesian military (TNI), police (Polri), government ministries, and international defense markets, with products exported for UN peacekeeping missions and bilateral defense cooperation.

Product overview

PT Pindad (Persero) is Indonesia's state-owned defense and industrial equipment manufacturer offering a comprehensive portfolio of products organized into two main categories: Defense & Security Products and Industrial Products. Defense products include weapons (assault rifles SS2, SS3, pistols G2, MAG4, P3A, sniper rifles SPR, submachine guns SM, machine guns, mortars), ammunition (calibers from 5.56mm to 105mm), and special vehicles (Anoa 6x6 APC, Badak armored vehicle, Harimau medium tank, Maung 4x4 tactical vehicle, APC 4x4). Industrial products include generators (Siemens-licensed), excavators (Excava 200, Amphibious Excavator), agricultural tractors (PTM45), provision cranes, brake systems for trains, mining explosives (RenEx T Booster), and recently launched electric vehicles (MORINO EV, MORINO MV CRUISER). The company also offers security products including anti-drone systems (SPS-1) and mobile jammers. All defense products are manufactured to MIL-STD specifications with ISO 9001:2015 certification.

Differentiator

Problem solved

Functional benefit

Products and services

• SS2-V4 Assault Rifle 5.56mm assault rifle serving as the standard rifle of the Indonesian military, with a compact frame and enhanced safety features. Has won the AASAM and AARM international shooting competitions 11 times.
• SS2 V5-A1 Assault Rifle 5.56x45mm NATO assault rifle development for modern combat, featuring an ergonomic design, compact size, and enhanced safety features.
• SB2 V5-A1 Assault Rifle 5.56x44mm assault rifle developed specifically for the Indonesian Police Sabhara Corps, with high accuracy and tactical size.
• MAG4 Pistol Latest generation pistol with a 4-inch barrel, lighter body material, and easier cocking mechanism designed for concealed carry and close-range combat.
• Pistol P3A Lightweight pistol in special caliber 7.65x17mm, designed as the smallest variant in the lineup with a compact size for easy concealment.
• SPR-3 Sniper Rifle Long-range 7.62mm sniper rifle with sleek design and lighter body for mobility, featuring enhanced optical sights enabling 900m target acquisition.
• SS Amphibious Assault Rifle Underwater-capable assault rifle developed for water, coastal, and land operations, enabling amphibious combat use.
• Comprehensive Ammunition Range (5.56mm to 105mm) Full-spectrum ammunition portfolio covering small, medium, and large calibers from 5.56mm to 105mm artillery, including special variants such as grenade types for multiple weapon systems.
• Frangible 9x19mm Ammunition 9x19mm frangible ammunition with specially designed projectiles that break upon target contact, featuring reduced ricochet and limited penetration characteristics for safer training and operations.
• Anoa 6x6 Armored Personnel Carrier 6x6 wheeled armored personnel carrier capable of operating in any terrain and conditions, proven through deployment in UN Peacekeeping Missions in multiple countries.
• Badak 6x6 Armored Combat Vehicle Agile 6-wheeled armored combat vehicle equipped with 90mm cannon, long-range ammunition, and ballistic protection for primary combat operations.
• Harimau Medium Tank First medium tank manufactured in Southeast Asia, developed collaboratively with FNSS of Turkey, equipped with Level 5 protection and anti-ballistic and anti-mine defense systems.
• Maung 4x4 Tactical Vehicle 4x4 lightweight tactical vehicle powered by a 4-cylinder 215 hp diesel engine, designed for close combat and difficult terrain operations; recipient of the AFEO Outstanding Engineering Achievement Award at CAFEO 43.
• APC 4x4 4x4 tactical vehicle with proven maneuverability and reliability in various operational situations and terrains.
• MORINO EV Electric Tactical Vehicle Light electric 4x4 tactical vehicle with 160 HP / 125 kW electric drive, 100 km/h safe top speed, and 292V battery for high-mobility operations.
• MORINO MV CRUISER 4x4 Tactical Vehicle 4x4 tactical vehicle designed for difficult terrain exploration with agile maneuverability and reliable operational support across various mission areas.
• R-Han 122B Rocket System 122mm field artillery rocket system developed as part of the National Rocket Consortium, with 25 units successfully launched in dynamic testing.
• SPS-1 Anti-Drone System Anti-drone system designed for counter-UAV (unmanned aerial vehicle) detection and disruption operations.
• Mobile Jammer (Sectorial) Sectorial mobile jammer system for signal disruption capabilities, supporting security and counter-communications missions.
• DVKE2SCL Brake System Braking system for freight and passenger trains operating at dual pressures, equipped with operating valves that adjust braking pressure based on transport conditions.
• Excava 200 Excavator First heavy equipment product in Pindad's industrial portfolio, developed from defense competency transformation, equipped with a hydraulic system for recovery and tracked-wheel operations.
• Amphibious Excavator (20-ton class) Innovative 20-ton class excavator equipped with pontoons enabling it to float on water surfaces, suitable for rivers, swamps, and shallow-water operations.
• Pindad Generator (Siemens-licensed) Electrical machine products manufactured under license from Siemens AG (Germany), specialized for diesel, steam, hydro, geothermal, and wind power plants, as well as propulsion generators for electric railway (KRL) systems.
• PTM45 Four-Wheel Tractor Four-wheel double-shaft tractor specialized for land cultivation using plow, rotary, and grain seeder implements, with integrated power transmission and speed control systems.
• Provision Crane Crane designed for capacities up to 3 tons with 9-meter length, featuring certified steel construction for ship structure cradle and welding, with bronze bushes compliant to BKI and IACS standards.
• RenEx T Booster Explosive Eco-friendly explosive with high detonation power and density, activated by electric and non-electric detonators, specialized for underground mining, open-pit mining, and civil construction blasting applications.
• Mining Services (Drilling, Blasting, Explosive Destruction) Comprehensive mining services including drilling, blasting, explosive destruction, explosive transportation, and warehousing offered to national mining industry customers.
• Industrial System Engineering & Maintenance Services Industrial services including system engineering, equipment maintenance, quality testing and calibration, construction, machining, heat and surface treatment, and electric machine maintenance for commercial customers.

Quantifiable outcome

• SS2-V4 assault rifle has won international shooting competitions (AASAM and AARM) 11 times
• +5 more outcomes

Named customers13 records

Segments4 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature11 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• SAMI DS (Saudi Arabian Military Industries Defence Systems)coreStrategic or Co-development Partner · 9 February 2026PT Pindad signed a Memorandum of Agreement (MoA) with Saudi Arabian Military Industries Defence Systems (SAMI DS) at the World Defence Show 2026 in Riyadh, Saudi Arabia. The agreement represents a strategic bilateral collaboration between Indonesian and Saudi Arabian defense industries, signed at the Riyadh Exhibition & Convention Center.
• Ashok LeylandcoreStrategic or Co-development Partner · 4 February 2026Ashok Leyland, the Hinduja Group-owned Indian commercial vehicle manufacturer, signed an MoU with PT Pindad in Bandung on February 4, 2026, for the joint development and manufacturing of electric buses and defense vehicles for the Indonesian market. The partnership combines Ashok Leyland's commercial EV platforms (including Switch Mobility subsidiary) and defense mobility expertise with Pindad's local manufacturing capabilities and position within Indonesia's defense ecosystem. The agreement supports Indonesia's energy-efficient transportation goals and defense modernization priorities.
• BPDP (Badan Pengelola Dana Perkebunan)minorStrategic or Co-development Partner · 17 October 2025PT Pindad signed a strategic cooperation agreement with BPDP (Oil Palm Plantation Fund Management Agency) for the development of competitive defense production facilities. The agreement was signed at the Munitions Division in Turen, Malang.
• ITB (Institut Teknologi Bandung)minorStrategic or Co-development Partner · 17 October 2025PT Pindad signed a strategic cooperation agreement with Institut Teknologi Bandung (ITB) for the development of competitive defense production facilities. The agreement leverages ITB's research and academic capabilities to support Pindad's defense manufacturing innovation.
• EDGE Group (UAE)coreStrategic or Co-development PartnerA USD 27 million agreement between UAE-based EDGE Group and PT Pindad for ammunition production lines. This is part of the Southeast Asia Small Arms and Ammunition Market development, with EDGE Group partnering with regional manufacturers for assault rifle assembly and ammunition production.
• FNSS (Turkey)coreStrategic or Co-development PartnerCollaborative partnership with Turkish defense manufacturer FNSS for the development of the Harimau medium tank - the first medium tank manufactured in Southeast Asia. The partnership involves technology transfer and joint development of armored vehicle platforms with Level 5 protection, anti-ballistic, and anti-mine defense systems.
• PT Len Industri (Persero) - Parent Holding CompanycoreStrategic or Co-development PartnerPT Len Industri serves as the parent holding company for PT Pindad within the DEFEND ID (Holding BUMN Industri Pertahanan) structure. PT Len Industri holds 99% of PT Pindad shares while the State of Indonesia holds 1% Series A Dwiwarna shares. Len Industri coordinates the defense industry holding group for strategic development and synergy.
• PT Pindad Enjiniring Indonesia (Subsidiary)coreOthersSubsidiary company (PT PEI) originally founded as PT Daun Cakra Bhakti in 1992, renamed to PT Pindad Enjiniring Indonesia. PT PEI has its own subsidiaries: PT Pindad Medika Utama (healthcare), PT Pindad International Logistic (logistics), and PT Pindad Global Sources & Trading (general trading).
• PT Inti Pindad Mitra SejatiminorStrategic or Co-development PartnerJoint venture company operating in construction (buildings, towers, bridges, runways, CME, IT, OSP), industrial manufacturing (plastics, metal, manufacturing, fabrication), and general trading. Located at PT INTI building in Bandung.
• Siemens AG (Germany)minorOEM/ Whitelabel/ Licensing PartnerTechnology licensing partnership with Siemens AG, Germany, for electrical machine products including generators. Pindad manufactures generators licensed from Siemens for use in diesel, steam, hydro, geothermal, and wind power plants, as well as propulsion generators for electric railways (KRL).

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Hanwha Defense: South Korean armored vehicle and defense manufacturer producing K-series tanks and APCs. Directly comparable in tactical wheeled/tracked armored vehicles and defense exports.
• Pakistan Ordnance Factories (POF): Pakistani state-owned defense manufacturer producing small arms, artillery, and ammunition. Comparable as another emerging-market state-owned enterprise focused on sovereign defense manufacturing and exports.
• Machine and Chemical Industry (MKE): Turkish state-owned small arms and ammunition manufacturer directly comparable to Pindad's small arms and ammunition production lines for sovereign defense customers.
• Roketsan: Turkish state-owned rocket and missile systems manufacturer. Comparable to Pindad's R-Han 122B rocket system and broader munitions/energetics capabilities for sovereign defense procurement.
• Denel SOC Ltd: South African state-owned defense manufacturer producing small arms, artillery, and armored vehicles. Closely comparable as another emerging-market state-owned defense conglomerate serving domestic and export markets.
• Hyundai Rotem: South Korean defense and rail vehicle manufacturer producing K1/K2 tanks and armored vehicles. Comparable in armored vehicle manufacturing and dual-use defense/industrial product lines.
• Polska Grupa Zbrojeniowa (PGZ): Polish state-owned defense holding group consolidating armored vehicles, small arms, and ammunition manufacturers. Comparable in structure as a state-owned defense holding company integrating multiple product lines.
• FNSS Defense Systems: Turkish armored vehicle manufacturer that co-developed the Harimau Medium Tank with Pindad. Directly comparable as a peer for tactical wheeled vehicles and tracked armored platforms serving domestic military customers.
• Bharat Dynamics Limited (BDL): Indian state-owned defense manufacturer focused on missiles, underwater weapons, and ammunition. Comparable as a sovereign emerging-market defense manufacturer with similar revenue model and government dependence.

Broad incumbents

• Rheinmetall AG: German broad defense incumbent producing armored vehicles, ammunition, and weapons systems. Comparable as a much larger, broader-scope incumbent with overlapping capabilities but serving global defense markets including competitors to Pindad's offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/pindad
• YouTubeyoutube.com/@ptpindadofficial
• Facebookfacebook.com/ptpindad
• Instagraminstagram.com/pt_pindad

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PT. Pindad (Persero)