Himalaya Energi Perkasa

What Himalaya Energi Perkasa does

PT Himalaya Energi Perkasa is an Indonesian publicly listed company (ticker HADE on the Indonesia Stock Exchange) headquartered in Semarang, Central Java, that operates an LPG gas filling station business (SPPBE - Stasiun Pengisian dan Pengangkutan Bahan Bakar Elpiji) through its 55%-owned subsidiary PT Optima Daya Kapital. The company is certified by PT Pertamina (Indonesia's state-owned national oil company) as a partner for the development and maintenance of the LPG gas business within PT Pertamina's Directorate of Domestic Gas, conducting cylinder inspection, leak testing, filling, sealing, and distribution as part of Indonesia's national energy conversion program from kerosene to LPG. The company employs 51-100 people and operates from a single domestic catchment in Indonesia.

The company's origin is in financial services: it was founded on February 10, 1989 as PT Harumdana Sekuritas, a securities brokerage that obtained Broker-Dealer and Underwriter licenses in 1992 and 1995 respectively, IPO'd in 2004, and subsequently divested its securities subsidiary (PT Hasta Dana Sekuritas Indonesia) to KGI Capital Asia in 2016 before rebranding to PT Himalaya Energi Perkasa and pivoting to the energy sector in 2017 via the Optima Daya Kapital acquisition. The business model is B2B enterprise commodity trading and contract services: revenue is generated through transaction fees on LPG filling and distribution to institutional and industrial customers, with PT Pertamina as the anchor partner that channels volumes through the SPPBE. The company does not disclose pricing publicly and operates with no consumer-facing brand or app presence; its distribution is exclusively domestic through direct enterprise sales within Pertamina's certified channel. The company also states involvement in renewable energy research, though specifics are not disclosed.

Name

Himalaya Energi Perkasa

Legal name

PT. Himalaya Energi Perkasa, TBK

Website

https://himalayaenergi.co.id

Company type

Public

Founded year

1989

Operating status

Operating

Headcount range

51–100 employees

Short description

PT Himalaya Energi Perkasa is an Indonesian publicly listed company that operates LPG filling stations (SPPBE) through subsidiary PT Optima Daya Kapital, serving as a certified partner of PT Pertamina for Indonesia's domestic LPG gas program.

Ownership category

akta.pro rank

Product category

LPG Distribution and Trading

NAICS

Pipeline Transportation of Refined Petroleum Products (486910)

SIC

Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

LPG / NGL Terminals (Pressurized/ Refrigerated Gas) (TLAHABAK)

Keywords

• LPG distribution services
• SPPBE filling stations
• Oil and gas trading
• Energy conversion infrastructure
• Petroleum gas cylinders

Headquarters

HQ city

Semarang

HQ country

Indonesia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. LPG Trading and Distribution: Revenue is generated through the operation of an LPG gas filling station (SPPBE) under subsidiary PT Optima Daya Kapital (55% owned). The company performs gas cylinder filling, sealing, and distribution services as a certified partner of PT Pertamina for the domestic gas LPG business.
2. Securities and Investment Services (Historical): Originally established as a securities and investment company (PT Harumdana Sekuritas), the company held licenses as a Broker-Dealer (Perantara Pedagang Efek) and Underwriter (Penjamin Emisi Efek). The company subsequently divested from the securities business in 2016-2017 and pivoted to the energy sector.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

PT Himalaya Energi Perkasa Tbk operates LPG (liquefied petroleum gas) filling and distribution stations (SPPBE) through its 55%-owned subsidiary PT Optima Daya Kapital (OPDAKA). The company's core business is LPG cylinder processing including leak testing, cylinder fitness inspection, filling, resealing, and distribution, conducted as a certified partner of PT Pertamina within Indonesia's Directorate of Domestic Gas. The company also provides oil and gas trading and construction services supporting Indonesia's national energy conversion program.

Product overview

PT. Himalaya Energi Perkasa TBK is an Indonesian publicly listed energy trading and services company. The company operates through its 55%-owned subsidiary PT OPTIMA DAYA KAPITAL, which runs SPPBE (LPG Filling and Distribution Stations) under the OPDAKA brand, serving as a certified partner of PT Pertamina (Indonesia's National Oil Company) for LPG gas business development and maintenance in the Domestic Gas Directorate. The company is also involved in oil and gas trading and construction services, supporting the Indonesian government's energy conversion programs.

Differentiator

Problem solved

Functional benefit

Products and services

• SPPBE LPG Filling and Distribution Station Operations
• Oil and Gas Trading and Construction Services

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered core.

• PT Pertamina (Perusahaan Minyak Nasional Indonesia)coreStrategic or Co-development Partner · 1 January 2017The company is certified by PT Pertamina as a partner for 'pengembangan dan pemeliharaan Bisnis Gas LPG di Direktorat Gas Domestik' (development and maintenance of LPG Gas Business at the Directorate of Domestic Gas). PT Optima Daya Kapital operates an LPG filling station (SPPBE) under this partnership as part of Indonesia's national energy program.
• PT Optima Daya KapitalcoreStrategic or Co-development Partner · 1 January 2017Subsidiary owned at 55% by PT Himalaya Energi Perkasa Tbk. This subsidiary conducts the core LPG trading and SPPBE (LPG filling station) operations for the group. It serves as the primary operational vehicle for the company's pivot into the energy sector.

Scale indicators7 records

Recent moves12 records

Expansion highlights3 records

Broad incumbents

• PT AKR Corporindo Tbk: Large Indonesian publicly listed energy and chemical logistics distributor with fuel and LPG distribution operations; comparable as a broader Indonesian energy distribution incumbent that overlaps with HADE's LPG distribution activities.

Regional players

• PetroVietnam Gas (PV Gas): Vietnamese state-owned gas distribution company operating LPG and natural gas infrastructure; comparable as a regional Southeast Asian gas/LPG distributor operating a similar downstream business model.
• E1 Corporation: Korean LPG distributor and city gas operator; comparable as an Asian regional LPG distribution business with similar cylinder filling, storage, and distribution operations.
• Petron Corporation: Malaysian downstream oil and gas company with LPG and petroleum product distribution; comparable as a regional Southeast Asian LPG/fuel distributor serving similar household and industrial use cases.
• SK Gas Co., Ltd. Korean LPG importer, terminal operator, and distributor; comparable as an Asian regional LPG terminal/distribution operator with similar physical infrastructure of pressurized gas storage and distribution.
• Astomos Energy Corporation: Japanese LPG importer and wholesaler serving domestic and industrial markets; comparable as an Asian regional LPG trading and distribution player with similar end-market exposure.

Direct peers

• PT Sillo Maritime Perdana: Indonesian publicly listed company engaged in LPG and petroleum transport and distribution; directly comparable as another Indonesia-based LPG logistics and distribution peer.
• PT Surya Esa Perkasa: Indonesian publicly listed company engaged in natural gas and LPG processing and distribution, including LPG plant operations; directly comparable as another Indonesian-based gas/LPG operator serving similar end markets.

Emerging players

• PT Tugu Pratama Indonesia: Indonesian LPG and industrial gas distributor serving domestic and industrial markets; comparable as a focused Indonesian LPG distributor with similar end-user segments.

Others

• Tokyo Boeki Holdings: Japanese trading company with LPG and petroleum product trading activities; comparable as an adjacent LPG trading and distribution participant in the regional Asian market.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat2 records

Key risks6 records

Key highlights5 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

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 Himalaya Energi Perkasa