Sintesa Group

What Sintesa Group does

Sintesa Group (legal entity PT Widjajatunggal Sejahtera) is a privately held Indonesian strategic investment holding company that has operated since 1919 across three family generations. The group is structured around four business pillars — Consumer Products, Property, Industrial Products, and Energy — managed through 16+ subsidiaries including two publicly listed entities on the Indonesia Stock Exchange: PT Tigaraksa Satria Tbk (consumer goods distribution, listed 1990) and PT Tira Austenite Tbk (special steel, industrial gas and manufacturing, listed 1993). The holding company is headquartered in Jakarta's Kuningan district at the Menara Duta building, which is itself a Sintesa property asset, and operates exclusively within Indonesia.

The group's operating portfolio spans distinct technical and commercial domains. In Consumer Products, PT Tigaraksa Satria distributes consumer goods as a licensed sole agent for international brands including Johnson & Johnson and BASF, complemented by PT Sintesa Duta Sejahtera (pharmaceuticals/health) and PT Time Express Sintesa (express logistics JV with Time Express UAE). The Property pillar encompasses PT Menara Duta (commercial offices), PT Puncak Mustika Bersama (Sintesa Hotels across Jakarta, Manado, Palembang, Muara Enim, and Bali), PT Cipta Mustika (construction and architectural design), and eco-tourism developments including the Special Economic Zone (KEK) at Likupang-Pulisan Bay in North Sulawesi. The Industrial Products pillar is anchored by TIRA Gas's network of 9 filling stations and 24 service branches producing oxygen, nitrogen, argon, CO2, acetylene, and hydrogen (ISO 9001-2008 certified), Alphabronze bronze castings, and PT Genta Laras Semesta's general trading for mining, oil and gas, and paper clients. The Energy pillar centers on PT Meppo-Gen's 110 MW combined-cycle gas/steam independent power plant in South Sumatera and PT Sintesa Green Energy as a renewable energy holding vehicle.

Sintesa's business model is B2B across all pillars with negotiated quote-based pricing. Revenue is generated through consumer goods distribution fees, industrial gas sales, electricity sales to the national grid under a power purchase agreement, hotel and property management, and general trading commissions. Distribution is multi-channel: direct enterprise sales, nationwide logistics networks (PT Tigaraksa Satria), station-based retail (TIRA Gas), and joint-venture hotel management (Menara Peninsula Hotel via YTC Corporation Singapore). CEO Shinta Widjaja Kamdani leads a six-person C-suite and has positioned Sintesa around a 'Sustainable Excellence' vision formalized in the 2020 'Sintesa for the Earth' SDG roadmap, with the group pursuing EDGE gender-equality certification, PROPER environmental certification, and CDM emission reduction certification across subsidiaries.

Name

Sintesa Group

Legal name

PT Widjajatunggal Sejahtera

Website

https://sintesagroup.com

Company type

Private

Founded year

1919

Operating status

Operating

Headcount range

51–100 employees

Short description

Sintesa Group is a privately held Indonesian strategic investment holding company founded in 1919, managing 16+ subsidiaries across four pillars — Consumer Products distribution, Property and hospitality, Industrial Products (specialty gases, steel, bronze casting), and Energy (110 MW IPP) — serving enterprise and government customers exclusively within Indonesia.

Ownership category

akta.pro rank

Headquarters

HQ city

Kuningan

HQ country

Indonesia

HQ region

Asia

Offices11 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Consumer Products Distribution: Revenue generated from sales and distribution of consumer goods, health products, pharmaceutical products, and cold chain products across Indonesia. Includes PT Tigaraksa Satria (publicly listed distributor), PT Sintesa Duta Sejahtera (health/pharmaceutical products holding licenses from Spain, USA, Korea), and PT Time Express Sintesa (express logistics joint venture with UAE-based Time Express).
2. Property Development & Hospitality: Revenue from property development, hotel management, eco-tourism, and building services. Properties span hotels in Jakarta, Manado, Palembang, Muara Enim, and Bali; commercial office management (Menara Duta); and eco-tourism development at KEK Likupang (Sulawesi Utara) and island resorts.
3. Industrial Products — Special Steel, Gas & Manufacturing: Revenue from trading/distribution of European machinery and special steel products (PT Tira Austenite), industrial and medical gas distribution (TIRA Gas — 9 filling stations), manufacturing of bronze casting products (PT Alpha Austenite/Alphabronze), and general trading for oil & gas, mining, paper industries (PT Genta Laras Semesta).
4. Clean & Renewable Energy: Revenue from electricity generation through PT Meppo-Gen operating a 110 MW combined-cycle gas power plant as an Independent Power Producer (IPP) in Gunung Megang, South Sumatera. Additional revenue from renewable energy investments through PT Sintesa Green Energy.

Go-to-market motion1 record

Distribution channels6 records

Marketing channels6 records

Core offering

Sintesa Group is a strategic investment holding company that manages a diversified Indonesian portfolio of 16+ subsidiaries across four pillars: Consumer Products (consumer goods, pharmaceutical, and health product distribution plus express logistics), Property (commercial office management, hotel operations, and eco-tourism Special Economic Zone development), Industrial Products (European special steel distribution, industrial and medical gases via TIRA Gas, and bronze casting under Alphabronze), and Energy (110 MW combined-cycle independent power generation and renewable energy investments).

Product overview

Sintesa Group is a strategic investment holding company managing a diverse portfolio of 15+ subsidiaries organized into four business pillars: Consumer Products, Property, Industrial Products, and Energy. The Consumer Products pillar includes PT Tigaraksa Satria (consumer goods distribution/trading), PT Time Express Sintesa (express logistics/freight forwarding), and Sintesa Health/PT Sintesa Duta Sejahtera (pharmaceutical and health products distribution with international licenses from Spain, USA, and Korea). The Property pillar comprises PT Menara Duta (commercial real estate/office management), Sintesa Hotels/PT Puncak Mustika Bersama (hotel management across multiple cities), Menara Peninsula Hotel Jakarta (joint venture with YTC Corporation Singapore), PT Cipta Mustika (architectural design/construction), PT Hiyu Permai (water resorts in Thousand Islands), and PT Minahasa Permai Resort Development/KEK Likupang (eco-tourism Special Economic Zone in North Sulawesi). The Industrial Products pillar includes PT Tira Austenite (publicly listed, three business units: Special Steel, Industrial Gas & Services/TIRA Gas, Manufacturing), Alphabronze/PT Alpha Austenite (bronze casting products), and PT Genta Laras Semesta (general trading). The Energy pillar includes Sintesa Green Energy (renewable energy holding company) and PT Meppo-Gen (110 MW gas-fired independent power producer). The group operates as a unified strategic investment platform rather than a single product, with subsidiaries synergized under the Sustainable Excellence vision.

Differentiator

Problem solved

Functional benefit

Products and services

• PT Tigaraksa Satria (Consumer Goods Distribution) Nationwide Indonesian distributor of consumer goods operating three divisions: distribution services, manufacturing services, and selling/distribution of health, education, and personal care products. Holds licensed sole-agency distribution rights for international brands including Johnson & Johnson, BASF, Wyeth-Ayerst, and others.
• PT Time Express Sintesa (Express Logistics) Express logistics and freight forwarding company providing door-to-door shipping services for businesses and consumers in Indonesia, with international corridor to the UAE via Time Express.
• Sintesa Health / PT Sintesa Duta Sejahtera (Pharmaceutical Distribution) Markets and sells pharmaceutical and health products including supplements, cosme-ceuticals, wound dressing gels, and aesthetic patches, holding licenses from Catalysis S.L. (Spain), American Biotech Labs (USA), and Raphas (South Korea).
• PT Menara Duta (Commercial Property Management) Property development and commercial office management in Jakarta's Kuningan business district, including real estate, office construction and management, residential developments, retail shopping centers, and building management services for Menara Duta Building.
• Sintesa Hotels / PT Puncak Mustika Bersama (Hotel Operations) Hotel management business owning and operating Sintesa Hotels across Indonesia, including Sintesa Peninsula Palembang, Griya Sintesa Muara Enim, Sintesa Peninsula Manado, and Griya Sintesa Manado; backed by 35,475 sqm of hillside land in Manado, North Sulawesi.
• Menara Peninsula Hotel Jakarta Four-star hotel in Jakarta's main district (Jl. Let. Jend. S. Parman Kav. 78) managed by YTC Corporation Singapore as a joint-strategic partner covering Peninsula Hotel, Excelsior Hotel, and Paramount Hotel brands.
• PT Cipta Mustika (Architectural Design & Construction) Provides architectural design consulting and construction services for commercial buildings, office blocks, exclusive residences, hotels, factories, and coastal/island developments across Indonesia.
• PT Hiyu Permai (Water Resort Development) Constructs and operates hotels, bungalows, cottages, bars, restaurants, and water resort facilities; holds development rights to West Yu Island (59,602 sqm) and Opak Besar (97,400 sqm) in Jakarta's Thousand Islands, planned as nature resort with eagle sanctuary and reef conservation.
• PT Minahasa Permai Resort Development (KEK Likupang Eco-Tourism) Eco-tourism resort developer at Pulisan Bay, Likupang, North Sulawesi, focused on marine and wildlife sanctuary tourism with integrated sustainability through nature-culture conservation.
• PT Tira Austenite (Special Steel Trading) Publicly listed trading company distributing high-quality European specialized machinery and components, operating three business units: Special Steel (machinery steel, wear-resistant plates, corrosion-resistant materials), Industrial Gas & Services (TIRA Gas), and Manufacturing.
• TIRA Gas (Industrial & Medical Gas Distribution) Industrial and medical gas business unit distributing Oxygen, Nitrogen, Argon, Carbon Dioxide, Acetylene, Hydrogen, plus specialty gases, medical gases, and installation/hydrostatic testing services to enterprise customers. ISO 9001-2008 certified.
• Alphabronze / PT Alpha Austenite (Bronze Casting) Manufactures special-grade bronze casting products under the Alphabronze brand name and electrode welding products for maintenance purposes.
• PT Genta Laras Semesta (General Trading) General trading for middle-size to big-scale companies with diverse client portfolios covering mining, oil, gas, and paper industries.
• Sintesa Green Energy (Renewable Energy Holdings) Holding company managing clean, green, and renewable energy portfolios and providing access to modern renewable energy investments; parent of PT Meppo-Gen.
• PT Meppo-Gen (110 MW Combined-Cycle Power Generation) Independent Power Producer (IPP) operating a 110 MW gas and steam-powered combined-cycle power plant with Clean Development Mechanism (CDM) certification under UNFCCC for emission reductions, supplying electricity to the Indonesian national grid under power purchase agreements.

Quantifiable outcome

• 110 MW of electricity generation capacity contributing to Indonesia's clean energy transition
• +4 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

21 partnerships are on record, tiered core, strategic and minor.

• UN Global Compact / Women's Empowerment PrinciplescoreStrategic or Co-development PartnerSintesa Group is committed to encouraging subsidiaries to actively implement Women's Empowerment Principles from UN Global Compact, aligned with EDGE certification and gender equality guidelines.
• Indonesia Business Coalition for Women Empowerment (IBCWE)coreStrategic or Co-development PartnerSintesa Group is a founding member of IBCWE, collaborating with other businesses to advance gender-inclusive practices across Indonesian corporations.
• PT Meppogen / Gas/LNG (Clean Energy)coreStrategic or Co-development PartnerThrough PT Meppo-Gen, Sintesa Group contributes to Indonesia's energy transition by supporting cleaner energy generation and strengthening lower-carbon energy capacity. Clean Development Mechanism (CDM) adopted for emission reduction certification.
• Wallace Foundation / Wallace Conservation LikupangstrategicStrategic or Co-development PartnerCollaboration with Wallace Foundation and Wallace Conservation Likupang for the Wallace Conservation Dormitory Likupang, established in 2020 by Yayasan Indonesia Biru, focusing on field-based conservation, environmental education, and inclusive community development in North Minahasa.
• Hamana Works / PT Hamana Works Tira Indonesia (HWTI)Strategic or Co-development PartnerPT Tira Austenite has formed a collaboration with Hamana Works through the establishment of PT Hamana Works Tira Indonesia (HWTI) to enter the car carrier market, expanding manufacturing capabilities.
• YTC Corporation SingaporecoreChannel Partner/ Reseller/ DistributorJoint strategic partnership with YTC Corporation Singapore to manage Menara Peninsula Hotel, a joint venture company operating Peninsula Hotel, Excelsior Hotel, and Paramount Hotel in Singapore.
• International Chamber of Commerce (ICC)coreStrategic or Co-development PartnerCEO Shinta Widjaja Kamdani serves as Vice Chair and Executive Board Member of ICC, positioning Sintesa Group at the center of international business and sustainability policy dialogue.
• Global Investor for Sustainable Development (GISD) AlliancecoreStrategic or Co-development PartnerCEO Shinta Widjaja Kamdani serves as Co-chair of GISD Alliance (UN Global Investors for Sustainable Development), contributing business perspectives to international investment frameworks.
• UN ESCAP Sustainable Business Network (ESBN)coreStrategic or Co-development PartnerCEO Shinta Widjaja Kamdani serves as Chair of UN ESCAP Sustainable Business Network, driving sustainability dialogue and policy development across Asia-Pacific.
• B20 Indonesia 2022coreStrategic or Co-development PartnerCEO Shinta Widjaja Kamdani served as Chair of B20 Indonesia 2022, the official G20 business engagement forum, driving sustainable business policy dialogue.
• Asosiasi Pengusaha Indonesia (APINDO)coreStrategic or Co-development PartnerCEO Shinta Widjaja Kamdani serves as Chairman of APINDO (Indonesian Employers Association), representing Indonesian businesses in national policy development.
• KADIN IndonesiacoreStrategic or Co-development PartnerCEO Shinta Widjaja Kamdani serves as Coordinating Vice Chairman for Human Development, Culture and Sustainable Development at KADIN Indonesia (Chamber of Commerce and Industry).
• Indonesia Business Council for Sustainable Development (IBCSD)coreStrategic or Co-development PartnerFounded by CEO Shinta Widjaja Kamdani, IBCSD brings together businesses committed to sustainable development in Indonesia, creating a platform for collective action.
• Angel Investment Network Indonesia (ANGIN)minorStrategic or Co-development PartnerFounded by CEO Shinta Widjaja Kamdani, ANGIN connects startups with angel investors across Indonesia.
• World Wide Fund for Nature (WWF) IndonesiacoreStrategic or Co-development PartnerCEO Shinta Widjaja Kamdani serves on the Board of Trustees of WWF Indonesia, supporting conservation and environmental protection initiatives.
• Business for Nature (BfN)coreStrategic or Co-development PartnerCEO Shinta Widjaja Kamdani serves as Strategic Advisor to Business for Nature, driving corporate action on biodiversity and natural capital.
• Indonesia Climate Change Trust Fund (ICCTF)coreStrategic or Co-development PartnerCEO Shinta Widjaja Kamdani serves on the Board of Trustees of ICCTF, supporting climate finance and adaptation initiatives in Indonesia.
• Time Express (UAE)coreStrategic or Co-development PartnerJoint venture between Time Express (UAE) and Sintesa Group creating PT Time Express Sintesa for express logistics and freight forwarding services across Indonesia.
• International Brand Partners (Johnson & Johnson, BASF, etc.)coreChannel Partner/ Reseller/ DistributorPT Tigaraksa Satria serves as distributor and licensed sole agent for major international brands including Johnson & Johnson, Tom-Warner, Wyeth-Ayerst Sterling, BASF of Germany, Time-Warner, and more than 20 domestic and international companies.
• Government of IndonesiacoreStrategic or Co-development PartnerGovernment granted Special Economic Zone (KEK) license and Super Priority Destination status to KEK Likupang - Pulisan Bay development in December 2019, and provides PROPER environmental certification.
• GRI (Global Reporting Initiative)coreStrategic or Co-development PartnerSintesa Group aligns environmental performance with GRI, SBTi, and SDG indicators. VP Inka Prawirasasra is a certified GRI professional leading sustainability reporting implementation.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Lippo Group: Large Indonesian conglomerate spanning real estate (Lippo Karawaci, Lippo Malls), healthcare (Siloam Hospitals), hospitality, retail and financial services. Comparable to Sintesa at the holding-company level across multi-pillar property/hospitality/consumer exposure in Indonesia.
• PT Indika Energy Tbk: Indonesian-listed diversified energy holding with coal mining, IPP, EV, and logistics interests, plus an active venture arm. Comparable to Sintesa Group as a multi-business Indonesian holding anchored on energy generation and downstream verticals.
• Sinar Mas Group: One of Indonesia's largest diversified conglomerates with interests in pulp/paper (Golden Agri-Resources), financial services (Sinar Mas Multiartha), real estate, telecoms (Smartfren), and energy. Comparable to Sintesa as a broader Indonesian conglomerate with multi-sector investment holdings.
• PT MNC Investama Tbk: Indonesian-listed strategic investment holding with media, financial services, property and energy investments under the MNC Group. Comparable to Sintesa Group as a multi-pillar Indonesian strategic investment holding with listed-subsidiary architecture.
• Astra International Tbk: Indonesia's largest listed conglomerate, spanning automotive, heavy equipment, financial services, mining, energy, agribusiness, and infrastructure. Comparable to Sintesa Group as a benchmark diversified Indonesian holding company with listed-subsidiary architecture and a century of operating history.

Direct peers

• PT Surya Esa Perkasa Tbk: Indonesia-listed independent power producer and natural gas company operating the Musi LPG plant and燃气-fired generation. Comparable to PT Meppo-Gen as an Indonesian IPP with co-generation/CHP and gas processing exposure.
• PT AKR Corporindo Tbk: Indonesian-listed company operating bulk logistics, fuel distribution, and energy infrastructure across the archipelago. Highly comparable to Sintesa's mixed distribution + energy + logistics footprint (consumer goods distribution, Time Express logistics, Meppo-Gen IPP).
• PT Ciputra Development Tbk: Major Indonesian property developer and real estate investment firm with residential, commercial, hospitality and mixed-use projects. Comparable to Sintesa's property pillar (Menara Duta, Sintesa Hotels, Cipta Mustika, Hiyu Permai, Minahasa Permai Resort Development).
• Linde Indonesia: Indonesian subsidiary of global industrial gas major Linde plc, supplying merchant and on-site gases to industrial customers across the country. Direct competitor to TIRA Gas on compressed gas, specialty gases, and installation services in Indonesia.
• PT Samator Indo Gas Tbk: Indonesia's largest listed industrial gas company, producing and distributing oxygen, nitrogen, argon, acetylene, and CO2 across a nationwide filling-station network. Direct competitor to Sintesa's TIRA Gas business unit and the most comparable peer for the industrial gas pillar.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCyWtpIm3XOl6Ak9Vo3ueK5A?view_as=subscriber
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Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries13 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 Sintesa Group