Intan Baruprana Finance

What Intan Baruprana Finance does

PT Intan Baru Prana Tbk (IBP, ticker: IBFN) is a Jakarta-headquartered, publicly listed Indonesian company operating in the heavy equipment rental and commercial transportation sector. The company was established in 1991 under the name PT Intan Baruprana Finance and was acquired by PT Intraco Penta Tbk (INTA Group) in 2003, serving since then as the group's dedicated heavy equipment operations subsidiary. The company rebranded to its current name in 2015, signaling a strategic pivot away from its finance-sector origins toward industrial services.

IBP delivers three integrated core services: Heavy Equipment Rental (fleet leasing with professional operational management), Hauling Contractor (material transportation solutions with integrated fleet support), and Used Equipment Sales (resale of pre-owned heavy equipment units). The company targets enterprise clients in Indonesia's mining and quarrying sector as its primary vertical, with secondary exposure to construction and infrastructure projects requiring heavy equipment fleet management. Operations span multiple project sites across South Sulawesi, South Kalimantan, Bangka, and East Kalimantan, with all services sold through direct B2B engagement with industrial clients on a quote-based pricing structure.

Revenue is generated through long-tail rental contracts, project-based hauling services, and equipment resale, though specific revenue figures are not disclosed. The company reported profit growth of 807% year-over-year in November 2025, indicating either a low-base recovery or significant operational scaling. IBP distributes primarily through corporate website presence, press releases, public expose investor events, and CSR programs, with no disclosed technology partnerships, patents, or AI/ML initiatives. As a publicly listed subsidiary under INTA Group, IBP's governance and strategic direction are aligned with the parent conglomerate's heavy equipment business objectives.

Name

Intan Baruprana Finance

Legal name

PT Intan Baru Prana Tbk

Website

https://ibf.co.id

Company type

Public

Founded year

1991

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Infrastructure

Distribution channels1 record

Marketing channels3 records

Core offering

PT Intan Baru Prana Tbk (IBP) provides heavy equipment rental, hauling contractor (material transportation) services, and used heavy equipment sales to mining, quarrying, and construction companies across Indonesia. The company owns and operates a fleet of heavy equipment supported by professional operational management, delivering integrated equipment and transport solutions through long-term project engagements.

Product overview

PT Intan Baru Prana Tbk (IBP) operates as a heavy equipment rental and management company offering three integrated core services: Heavy Equipment Rental (rental of heavy equipment fleet with operational management), Hauling Contractor (material transportation solutions with integrated fleet support), and Used Equipment Sales (sale of pre-owned equipment units). The company serves various industrial sectors including mining and construction, positioning itself as a comprehensive solutions provider within the INTA Group ecosystem.

Differentiator

Problem solved

Functional benefit

Products and services

• Hauling Contractor Provides reliable and efficient material transportation solutions with integrated fleet support and industry-standard operational management for mining, quarrying, and industrial project clients.
• Heavy Equipment Rental Rental of an owned heavy equipment fleet with professional service and reliable operational management to support project execution across various industrial sectors.
• Used Equipment Sales Sale of pre-owned heavy equipment units from the company's fleet to support customer operations across industrial sectors.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• PT Intraco Penta Tbk (INTA Group)coreStrategic or Co-development PartnerIBP has been a subsidiary of PT Intraco Penta Tbk (INTA Group) since 2003. As part of INTA Group, IBP serves as the subsidiary supporting the heavy equipment business operations of the group. The parent company is a major player in the Indonesian heavy equipment industry, established since 1974. IBP operates under the INTA Group umbrella with shared corporate governance standards, professional management practices, and institutional infrastructure.

Scale indicators2 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Trakindo Utama: Major heavy equipment distributor and service provider in Indonesia, offering equipment, parts, and after-sales support. Comparable to IBP's heavy equipment rental and operational management offering for Indonesian industrial customers.
• Petrosea: Indonesian-listed mining services and heavy equipment contractor providing open-pit mining, hauling, and equipment rental. Mirrors IBP's core rental plus hauling operating model across Indonesian mining basins.
• Saptaindra Sejati: Indonesian coal mining contractor operating a captive heavy equipment fleet for overburden, coal hauling, and equipment rental. Directly comparable to IBP's hauling and equipment rental business serving Indonesian coal miners.
• ACT Group (Asiatrufi Group): Indonesian heavy equipment rental and services company serving mining and construction customers. Directly comparable niche peer to IBP's core heavy equipment rental business.
• Hexindo Adiperkasa: Distributor of Hitachi heavy equipment in Indonesia, providing sales, rental, and after-sales support. Comparable to IBP's heavy equipment rental and used equipment sales offering to Indonesian industrial customers.
• Bukit Makmur Mandiri Utama (BUMA): One of Indonesia's largest coal mining contractors, operating its own large heavy equipment fleet for material hauling. Compares directly to IBP's hauling contractor service line serving Indonesian mining sites.
• United Tractors (UNTR): Indonesia's largest integrated heavy equipment company, distributing Caterpillar equipment and operating the largest mining contractor fleet. Directly comparable to IBP in heavy equipment operations serving Indonesian mining customers.
• Pamapersada Nusantara (PAMA): Mining contractor subsidiary of United Tractors, operating large fleets for overburden removal and coal hauling. Directly comparable to IBP in heavy equipment operations and hauling services for Indonesian mining customers.
• Thiess Indonesia: Major Indonesian mining services contractor (CIMIC subsidiary) operating large fleets for coal and mineral mining. Comparable to IBP in fleet-based mining services and heavy equipment operations in Indonesia.

Broad incumbents

• Adaro Energy: One of Indonesia's largest coal producers, operating its own mining and heavy equipment contractor subsidiaries (Adaro Services). Represents the broader Indonesian mining/equipment ecosystem in which IBP operates, though vertically integrated rather than purely a service provider.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/pt-intan-baruprana-finance-tbk

Revenue estimate

Valuation estimate

Number of profiles

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 Intan Baruprana Finance