PT Cardsindo Tiga Perkasa

What PT Cardsindo Tiga Perkasa does

PT Cardsindo Tiga Perkasa is an Indonesian secure card manufacturer founded in 2012 in Tangerang as a subsidiary of PT Jasuindo Tiga Perkasa, Tbk, that produces and personalizes plastic and smart cards for the telecommunications, banking, retail, and government sectors across Indonesia. Its core product set spans transaction cards (prepaid phone cards, e-money), loyalty and membership cards (VIP, discount, gift, souvenir), and government identification/access cards, with personalization features including contact chip encoding, contactless RFID, magnetic stripes, microtext, embossing, barcodes, signature panels, and security printing modules. The company also operates a packaging fulfillment service with stated daily capacity of 250,000 units for label printing, labeling, inserting, and scanning.

The company makes money through B2B sales of customized card manufacturing and personalization services, with quote-based enterprise pricing that is not publicly disclosed. Its go-to-market is direct enterprise field sales supported by a single manufacturing facility in Tangerang's Mekar Jaya industrial area, with named flagship customers including Bank Mandiri, Bank BNI, Bank BRI, Telkom Indonesia, XL Axiata, Indomaret, Alfamart, Alfamidi, AEON, and the Indonesian Directorate General of Taxes (Direktorat Jenderal Pajak). Distribution is single-country domestic, with no disclosed international footprint.

Strategically, Cardsindo was repositioned in 2018 when PT Peruri Digital Security, a state-owned enterprise focused on secure printing and digital security, acquired a 55% controlling stake. The acquisition provided regulatory credibility for government and banking card tenders and coincided with a deliberate pivot from telecom-card single-vertical exposure to a multi-vertical 'One Stop Solution' posture covering banking cards, RFID cards, and packaging fulfillment. The firm is small (37 employees in the supplied firmographic data) and operates entirely through direct enterprise sales rather than channel partners.

Name

PT Cardsindo Tiga Perkasa

Legal name

PT CARDSINDO TIGA PERKASA

Website

https://cardsindo.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

PT Cardsindo Tiga Perkasa is an Indonesian secure card manufacturer producing and personalizing smart, loyalty, ID, and transaction cards for banks, telecoms, retailers, and government agencies across Indonesia. Founded 2012, majority-owned since 2018 by state-owned PT Peruri Digital Security.

Ownership category

akta.pro rank

Product category

Smart Card Manufacturing

NAICS

Stationery Product Manufacturing (32223)

SIC

Plastics Products, Nec (3089)

akta.pro primary industry

Payment PIN Pads, Card Readers & NFC Contactless Devices (HDACAKAG)

Keywords

• Smart card manufacturing
• Card personalization services
• Security printing solutions
• RFID card production
• Packaging fulfillment services

Headquarters

HQ city

Tangerang

HQ country

Indonesia

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Card Manufacturing and Personalization: Manufacturing and personalization of plastic cards including telecommunication cards, banking cards, RFID cards, and government ID cards. Revenue generated from producing physical cards with various security and smart features, with personalization services for individual customer requirements.
2. Card Personalization Services: Value-added personalization services including contact chip encoding, contactless encoding, magnetic stripe encoding, embossing, barcode printing, and security features. These services are bundled with card production or offered as standalone services.
3. Packaging Fulfillment Services: Packaging material provision and fulfillment services including main and transit material warehouse, manual and automatic packaging handling. Production line services including label printing, labeling, inserting, and scanning with capacity of 250,000 units per day.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

PT Cardsindo Tiga Perkasa manufactures and personalizes plastic and smart cards for enterprise customers, offering a one-stop card printing and personalization service. Core products include transaction cards (prepaid phone and e-money), loyalty and membership cards, souvenir and gift cards, and government identification/access cards, with optional security features such as contact chips, contactless RFID, magnetic stripes, microtext, embossing, and barcodes. The company also provides packaging fulfillment services with a production capacity of 250,000 units per day.

Product overview

PT Cardsindo Tiga Perkasa is a card manufacturing company offering a comprehensive portfolio of smart card products and personalization services. The company operates as a One Stop card printing and personalization service provider, producing Transaction Cards (prepaid phone cards and e-money), Banking products (Loyalty Cards), Commercial Membership Cards (Souvenir and Gift Cards), Government ID Cards (staff and access cards), and Packaging Fullfilment services. Card personalization features include Contact Cards, Contactless Cards, Magnetic Stripes, Microtext, Signature Panels, Embossing, Barcodes, and Security Printing. The company also expanded into RFID cards and fulfillment processes, serving sectors including telecommunications, banking, and government.

Differentiator

Problem solved

Functional benefit

Products and services

• Transaction Card Prepaid phone cards and e-money cards stored with monetary value that enable cardholders to undertake business transactions for convenient and prompt processing. Targeted at telecommunications operators and financial service providers.
• Loyalty Card VIP cards, membership cards, and discount cards used to collect customer information for marketing research, serving as a communication channel with customers. Targeted at banks and financial institutions.
• Souvenir Card

Quantifiable outcome

• Packaging capacity of 250,000 units per day

Named customers12 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• PT Jasuindo Tiga Perkasa, TbkmajorStrategic or Co-development Partner · 1 January 2012PT Cardsindo Tiga Perkasa is a subsidiary company of PT Jasuindo Tiga Perkasa, Tbk. Established in 2012 by a group of smart card and security printing experts from the parent company. The parent company's expertise in security printing and cards underpins Cardsindo's operations and technology capabilities.

Scale indicators2 records

Recent moves4 records

Expansion highlights4 records

Regional players

• Watchdata Technologies: Watchdata is a China-based manufacturer of smart cards, SIM cards, and secure identity products serving telecom, banking, and government in the Asia-Pacific region. It competes regionally for the same type of secure card and personalization contracts that PT Cardsindo Tiga Perkasa targets in Southeast Asia.
• Eastcom (Eastern Communications): Eastcom is a China-based smart card and chip manufacturer focused on telecom SIM cards, banking cards, and identity cards for the Asia-Pacific market. It overlaps with PT Cardsindo Tiga Perkasa in card manufacturing and personalization, primarily serving the broader Asian region.

Direct peers

• Giesecke+Devrient (G+D): G+D is a German-based global manufacturer of payment cards, SIM cards, and secure identity documents with a comparable one-stop service model including card production, personalization, and security printing. It is a direct competitor for the same Indonesian and regional banking and telecom card programs that PT Cardsindo Tiga Perkasa serves.
• Thales Group: Thales produces smart cards, payment cards, SIM cards, and government identity documents through its Digital Identity & Security business. It serves the same banking, telecom, and government verticals as PT Cardsindo Tiga Perkasa and competes for similar large-scale card manufacturing and personalization contracts.
• IDEMIA: IDEMIA is one of the world's largest manufacturers of smart cards, secure credentials, and identity documents, serving banking, telecom, government, and IoT customers globally. It competes directly with PT Cardsindo Tiga Perkasa in the same card categories — banking, telecom SIM/e-money, and government ID — with a similar personalization and security printing model.
• HID Global: HID Global produces secure identity cards, RFID cards, and access control credentials serving government, corporate, and financial customers. It directly competes with PT Cardsindo Tiga Perkasa in government ID cards, access control cards, and contactless RFID card categories.
• CPI Card Group: CPI Card Group is a US-based leading producer of financial payment cards with personalization, embossing, and security printing services. It is directly comparable to PT Cardsindo Tiga Perkasa in card manufacturing and personalization, though it operates primarily in North America rather than Indonesia.
• AB Note: AB Note is a European card manufacturer producing payment cards, loyalty cards, and identity cards with personalization capabilities. It serves financial institutions and retailers with the same one-stop card production model as PT Cardsindo Tiga Perkasa.
• Valid S.A. Valid is a Brazilian-based provider of secure printing, card manufacturing, and personalization services for banking, telecom, and government clients. It mirrors PT Cardsindo Tiga Perkasa's vertically integrated model spanning card production, personalization, and secure printing.

Broad incumbents

• Toppan Printing: Toppan is a large Japanese printing and information communications group with card manufacturing, security printing, and IC-related operations serving banking and government. It operates at significantly larger scale and broader portfolio than PT Cardsindo Tiga Perkasa but overlaps in secure card production.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/pt-cardsindo-tiga-perkasa

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 PT Cardsindo Tiga Perkasa