PT Folago Global Nusantara Tbk
IIDX:IRSX218.00
IDR
+2.00
(+0.93%)
PT Folago Global Nusantara Tbk
IDX:IRSX
(Indonesia Stock Exchange)
Recent
price
218.00
P/E
ratio
48.12
div
yld
- -
ROIC.AI
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- Business
- PT Folago Global Nusantara Tbk, formerly known as PT Aviana Sinar Abadi Tbk, is an Indonesia-based technology and integrated digital media company that provides software-as-a-service solutions, digital transaction infrastructure, social commerce, and entertainment services. Founded in 2013 and headquartered in South Tangerang, Indonesia, the company operates across several primary business segments: IRS Software, Digital Products, Digital Marketing and Advertising, Social Commerce, Media and Entertainment, and Artificial Intelligence Commerce. Its proprietary software and technology offerings include the Integrated Reload System platform, a comprehensive revenue and transaction management system designed for digital product distribution; IRS Cloud, a cloud-based business operational infrastructure; IRS Salesforce, a mobile sales force automation and distribution management tool; and IRS Market, an inter-transactional marketplace connecting digital product billers, aggregators, and micro, small, and medium enterprises. In its commercial and digital solutions divisions, the company facilitates the transactional distribution of mobile telecommunication credits, data packages, electronic utility tokens, and digital gifts; executes multi-channel performance marketing, campaign management, and digital ad optimization; operates talent and creator management networks under its Multi-Channel Network division; delivers live-streaming agency services through Folago Live Entertainment; provides over-the-top streaming services through its FolaPlay platform; and produces commercial video and cinematic content through Folago Pictures. In recent corporate developments, the company executed a comprehensive corporate rebranding in September 2025, changing its name from PT Aviana Sinar Abadi Tbk to PT Folago Global Nusantara Tbk to reflect its strategic transformation into an integrated digital, media, and artificial intelligence hub. As part of this expansion, the company completed several strategic acquisitions, including an 80% majority stake in PT Tiger Wong Internasional (rebranded as PT Folago Digital Media) to scale its digital gift business, an 80% majority stake in PT Jaya Gemilang Wong (rebranded as PT Folago Karya Indonesia) to expand its Multi-Channel Network capabilities, and a 51% controlling interest in digital agency Lumino Digital to enhance its viral content and creative marketing capabilities. In addition, the company established a new subsidiary, PT Folago Artificial Intelligent Commerce, dedicated to developing artificial intelligence solutions, virtual avatars, digital twins, and AI-assisted content production workflows. The company has also formed key strategic partnerships, including an alliance with TikTok to operate the Folago Academy for content creator monetization, a Memorandum of Understanding with iQIYI International for co-producing original regional content and integrated advertising, and a commercial broadcasting partnership with TVRI and PT Solusi Sinergi Digital Tbk for digital advertising distribution during the 2026 World Cup via FolaPlay.