Pt Mitra Investindo Tbk (Indonesia)

PT Mitra Investindo Tbk is an Indonesian company that was established on September 16, 1993. It started its operations in the field of financing services (Multifinance) in 1994. In July 1997, the company listed all its shares on the Jakarta Stock Exchange and Surabaya Stock Exchange under the name PT Maharani Intifinance Tbk or MITI. Over the years, the company underwent several business transformations, including financial advisory services, granite mining, and the oil and gas industry. In early 2021, the company shifted its main business activities to the domestic shipping business through the acquisition of PT Wasesa Line's shares. The company's growth strategy includes acquiring similar companies or those with synergies in the shipping service industry. In December 2022, the company acquired PT Pelayaran Karana Line and PT Karya Abdi Luhur, which are engaged in shipping, ship agency, and stevedoring services. The company is currently engaged in shipping services, ship management, and agency, as well as loading and unloading through its subsidiaries. PT Mitra Investindo Tbk is headquartered in Jakarta, Indonesia, and is focused on its domestic shipping business for offshore oil and gas production. Its operation areas are located in Jakarta, Balikpapan, Tanjung Redeb - Kalimantan Timur, Tarempa - Riau Island, Batam, Lhoksemauwe, and Bontang.