- Business
- Gallant Venture Ltd., a Singapore-based investment holding company founded in 2003 and headquartered at 3 HarbourFront Place #16-01 HarbourFront Tower Two, Singapore, serves as an integrated commercial developer, master planner and manager of industrial parks and resorts primarily in the Batam and Bintan Islands of Indonesia's Riau Archipelago; it operates through Industrial Parks, Utilities, Property Development, Resort Operations and Strategic Investments segments. The Industrial Parks segment develops, constructs, operates and maintains industrial properties with supporting infrastructure in Batamindo Industrial Park and Bintan Industrial Estate; the Utilities segment supplies electricity via 26 generators with 124MW capacity at Batamindo, 3 generators with 10MW at Bintan Industrial Estate and 4 generators with 24MW at Bintan Resorts, alongside water supply, telecommunications, waste management and sewage treatment; the Property Development segment develops industrial, commercial, residential and resort properties across Batam, Bintan and broader Indonesia, including business management consultancy and wholesale of hotels, resorts and golf courses; the Resort Operations segment provides ferry services, terminal operations, security, fire-fighting, medical, estate and township maintenance to Bintan Resorts operators; and Strategic Investments include associate PT Indomobil Sukses Internasional Tbk (PT IMAS), which distributes Audi, Nissan, Volkswagen, Suzuki, KIA, Jaguar, Land Rover, Citroen, Hino, Renault Trucks and others. Recent developments encompass PT IMAS partnering with Inchcape plc in 2023-2024 to acquire Mercedes-Benz's assembly and distribution business in Indonesia, expanding its portfolio to include Jaguar, Land Rover, Citroën, AION and Great Wall brands through PT Inchcape Indomobil Distribution Indonesia and a Bogor assembly plant; in October 2025, Gallant Venture and subsidiary PT Batamindo Investment Cakrawala (PT BIC) entered a non-binding term sheet with Broadwood Road Limited for up to US$683.6 million (S$930.7 million) convertible bonds carrying 9% annual coupon maturing in approximately eight years to fund construction of a 3x350MW coal-fired power plant, enhancing utilities expansion with targeted completion by March 2026 subject to approvals; additionally, the company reported first half 2025 earnings with EPS of S$0.004 versus a prior loss and continues renewals of key operations into 2025. Gallant Venture, a subsidiary of Raffles Nominees (Pte) Limited, targets industrial tenants, resort operators and property developers in Southeast Asia with approximately 2,000 employees and trailing twelve-month revenue of S$198 million.