What Bakrie & Brothers does

PT Bakrie & Brothers Tbk (IDX: BNBR) is an Indonesian publicly listed conglomerate founded in 1942 that operates across manufacturing, infrastructure, electric vehicles, renewable energy, and digital infrastructure through approximately nine core operating subsidiaries. Its revenue is generated primarily through hardware sales of steel fabrication, steel pipe manufacturing, and OEM automotive components (Bakrie Metal Industries and Bakrie Autoparts collectively representing the largest revenue contributors at IDR 2.2 trillion and IDR 852.77 billion respectively in FY2025), supplemented by transaction-fee revenue from a toll road concession (PT Cimanggis Cibitung Tollways, 26.184 km, 45-year concession until 2061) and managed-services revenue from digital infrastructure (PT Multi Kontrol Nusantara, IDR 358.9 billion in FY2025) and rooftop solar plus EV charging (PT Helio Synar Energi).

The company's go-to-market is direct B2B enterprise sales led by business unit heads and CEO Anindya Novyan Bakrie, targeting government entities (notably TransJakarta for electric bus procurement) and private industrial customers in pulp and paper, cement, steel, airport operations, and automotive OEM sectors. Technology assets include Indonesia's first CKD (Completely Knocked Down) commercial electric vehicle assembly facility in Magelang, Central Java (certified with TKDN above 40%), 3D construction printing technology through PT Modula in collaboration with Denmark's COBOD International, and over 8,000 km of fiber optic network with 320,000+ FTTH homepass. The business model is sales-led with no disclosed consumer pricing and no direct-to-consumer retail presence.

BNBR underwent a quasi-reorganization effective August 22, 2024 that eliminated an IDR 19.5 trillion accumulated deficit and reduced debt-to-assets from 63% to 43%, followed by a rights issue approval in February 2026. Full-year 2025 revenue was IDR 3.74 trillion with net profit of IDR 503 billion (up 49.6% YoY). The group employs 101-250 staff at the holding level while operational work resides in subsidiaries.

Name

Bakrie & Brothers

Legal name

PT. Bakrie & Brothers, Tbk.

Website

https://bakrie-brothers.com

Company type

Public

Founded year

1942

Operating status

Operating

Headcount range

101–250 employees

Short description

PT Bakrie & Brothers Tbk (IDX: BNBR) is an Indonesian conglomerate operating across manufacturing (steel, automotive components), infrastructure (toll roads, fiber optic networks), electric vehicles, renewable energy, and 3D construction printing through nine core subsidiaries, serving government and private industrial clients.

Ownership category

akta.pro rank

Product category

Industrial Manufacturing and Infrastructure Services

NAICS

Motor Vehicle Manufacturing (3361), Motor Vehicle Parts Manufacturing (3363), Transportation Equipment Manufacturing (336), Other Communications Equipment Manufacturing (33429)

SIC

General Industrial Machinery & Equipment, Nec (3569), Miscellaneous Transportation Equipment (3790), Oil & Gas Field Machinery & Equipment (3533)

akta.pro primary industry

Structural & Mechanical BOP Construction (Racking/Trackers, Turbine Erection Support, Mounting Structures) (EUAMAFAC)

Keywords

• Industrial manufacturing services
• Infrastructure development
• Electric vehicle assembly
• Toll road operations
• Renewable energy infrastructure

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Manufacturing (Bakrie Metal Industries Group): Revenue from steel fabrication, construction services, and steel pipe manufacturing (0.5in - 48in diameter) serving oil/gas (35%) and non-oil/gas (65%) sectors. Recorded revenue of Rp 2.2 trillion in 2025.
2. Electric Vehicles (VKTR Teknologi Mobilitas): Revenue from electric buses, trucks, and forklifts. Sold 69 electric vehicles in 2025 (53 buses, 10 trucks, 6 forklifts). Total cumulative: 135 electric buses, 24 electric trucks, 13 forklifts. 12-meter electric buses assembled domestically with TKDN above 40%.
3. Toll Road Operations (Cimanggis Cibitung Tollways): Toll road management through PT Cimanggis Cibitung Tollways (CCT) - 26.184 km stretch with 45-year concession until 2061. Average daily revenue of Rp 2.3 billion.
4. Digital Infrastructure (PT Multi Kontrol Nusantara): Digital connectivity infrastructure for government rural connectivity programs, fiber optic networks, and IoT services. Revenue of Rp 358.9 billion in 2025.
5. Automotive Components (Bakrie Autoparts): Revenue from OEM automotive components and general casting. Recorded revenue of Rp 852.77 billion in 2025.
6. Renewable Energy (Helio Synar Energi): Rooftop solar power plant development and EV charging infrastructure across Indonesia.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

PT Bakrie & Brothers Tbk is a publicly listed Indonesian conglomerate (IDX: BNBR) operating across manufacturing, infrastructure, electric vehicles, renewable energy, and digital infrastructure through subsidiaries. It produces steel fabrication and pipes (Bakrie Metal Industries), automotive components (Bakrie Autoparts), commercial electric vehicles (VKTR), manages toll road concessions, develops rooftop solar power plants and EV charging (Helio Synar Energi), and deploys fiber optic and IoT digital infrastructure (PT Multi Kontrol Nusantara). The company operates Indonesia's first CKD electric vehicle assembly facility in Magelang, Central Java, certified with TKDN above 40%.

Product overview

Bakrie & Brothers is one of Indonesia's foremost corporations operating primarily in the manufacturing and infrastructure sectors through multiple subsidiaries. The company operates a diversified portfolio including: VKTR Teknologi Mobilitas (electric vehicle manufacturing with CKD assembly facility), Bakrie Metal Industries (steel fabrication and pipe manufacturing), Bakrie Indo Infrastructure (toll roads and infrastructure), Bakrie Building Industries (building materials), Bakrie Autoparts (automotive components), Helio Synar Energi (renewable energy/solar power), Modula (3D construction printing), and Multi Kontrol Nusantara (digital infrastructure, IoT, and AI applications). The company focuses on sustainable industrialization in electric vehicles and green energy, with operations spanning toll road management, public transportation electrification, and renewable energy infrastructure development.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Electric Vehicles (VKTR)
• Steel Fabrication and Pipe Manufacturing (Bakrie Metal Industries)
• Automotive Components (Bakrie Autoparts)
• Building Materials (Bakrie Building Industries)
• Toll Road Operations (Cimanggis-Cibitung)
• Renewable Energy Infrastructure (Helio Synar Energi)
• 3D Construction Printing (Modula)
• Digital Infrastructure Services (Multi Kontrol Nusantara)

Quantifiable outcome

• Electric bus market share in TransJakarta: 30% with 152 units supplied out of 500-unit fleet
• +4 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature6 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Lampung Provincial GovernmentcoreStrategic or Co-development Partner · 4 November 2025Lampung Provincial Government and PT Bakrie Power signed Letter of Intent (LoI) for New Renewable Energy (NRE) investment. Collaboration for renewable energy development in Lampung province.
• COBOD InternationalcoreStrategic or Co-development Partner · 1 January 2024BNBR pioneered new business through PT Modula Sustainability Indonesia (Modula) investing in 3D construction printing technology (3DCP) in collaboration with COBOD International from Denmark. COBOD is owned by GE (USA), Cemex (Netherlands), Holcim (Switzerland), and Peri (Germany).
• Institut Teknologi Bandung (ITB)coreStrategic or Co-development Partner · 1 November 2020BNBR and ITB signed research cooperation and development agreement for coastal protection system. Collaboration between PT Bakrie & Brothers Tbk and Institut Teknologi Bandung for research and development initiatives.
• PT Indocement Tunggal Prakarsa TbkcoreStrategic or Co-development PartnerModula (BNBR subsidiary) collaborated with Indocement to construct buildings using 3D Construction Printing Technology. Completed auditorium construction at Indocement factory in Citeureup, Bogor.
• PT Braja Mukti Cakra (BMC)minorStrategic or Co-development PartnerHelio (BNBR subsidiary) developed rooftop solar power plant facility at PT Braja Mukti Cakra factory. First rooftop PLTS development project.

Scale indicators17 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Astra Otoparts: Indonesia's leading automotive components manufacturer (OEM and aftermarket). Closely comparable to Bakrie Autoparts given both supply ferrous foundries and precision machined components to automotive OEMs in Indonesia.
• PT PP (Pembangunan Perumahan): Indonesian state-linked construction and infrastructure conglomerate active in toll roads, buildings, and EPC. Comparable given BNBR's BMI steel fabrication/EPC and toll road operations target the same government infrastructure customers in Indonesia.
• Astra International: Indonesia's largest diversified conglomerate with overlapping automotive components, infrastructure, and manufacturing businesses. Comparable as both are IDX-listed holding companies spanning autoparts, heavy industry, and infrastructure, serving similar B2B/government clients in Indonesia.
• Jasa Marga: Indonesia's largest toll road operator with multiple concessions. Directly comparable to BNBR's Cimanggis-Cibitung Tollways business given the same concession-based toll road economics and Indonesian regulatory framework.
• Waskita Karya: Indonesian state-owned construction and EPC contractor. Comparable to BNBR's BMI/Bakrie Indo Infrastructure given overlap in infrastructure construction, toll road involvement, and government-driven project pipelines.
• Krakatau Steel: Indonesian integrated steel producer serving construction and oil & gas sectors. Comparable to Bakrie Metal Industries and Bakrie Pipe Industries given overlapping steel fabrication, pipe manufacturing, and infrastructure customer base.

Broad incumbents

• Salim Group / Indofood Sukses Makmur: One of Indonesia's largest diversified conglomerates. Comparable as a structural peer — diversified Indonesian holding company with infrastructure, manufacturing, and consumer exposure — though tilted more toward consumer/FMCG than BNBR's industrial mix.
• BYD: Global EV leader with growing commercial vehicle and CKD assembly ambitions in Southeast Asia. Comparable to VKTR given both target commercial electric bus and truck markets, though BYD operates at vastly greater scale and competes with VKTR for Indonesian tenders.
• Ayala Corporation: Philippine-listed diversified conglomerate with automotive, infrastructure, and industrial holdings. Comparable as a regional Southeast Asian conglomerate model with mixed manufacturing, infrastructure, and renewable energy exposure.
• Sinar Mas Group / Sinar Mas Agro: Major Indonesian diversified conglomerate with pulp & paper, palm oil, financial services, and infrastructure. Thematically comparable as another Indonesian diversified industrial conglomerate serving government and enterprise customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/bakrie_brothers

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries12 records

Funding overview

Funding rounds1 record

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 Bakrie & Brothers