- Business
- PT Multipolar Tbk is an Indonesia-based investment holding company that operates through subsidiaries in retail and distribution, information technology, and other segments. The company provides retail chains including hypermarkets, Foodmart supermarkets, Boston health and beauty stores, FMX convenience stores, Hyfresh specialty stores, and department stores; e-commerce platforms; digital banking platform services encompassing technology, applications, infrastructure, product design, and support; digital health insurance; third-party administration; property management for shopping centers, offices, and apartments; web-based e-procurement solutions for vendor management, transaction control, and sourcing; import, export, interisland, local, and retail trading; property and real estate development and management; and building space leasing. Through its key subsidiary PT Multipolar Technology Tbk, it delivers comprehensive IT services and solutions such as system integration, hardware and application services, IT consulting, security platforms, big data analytics, mobility solutions, business process managed services via PT Visionet Data Internasional, and data center operations via PT Graha Teknologi Nusantara, targeting sectors including banking, finance, telecommunications, retail, oil and gas, manufacturing, healthcare, education, and government. PT Multipolar Tbk, founded in 1975 and headquartered in Tangerang, Indonesia, primarily conducts operations in Indonesia with some international activities. In recent developments, the company reported steady growth and a strengthened balance sheet amid uncertainty as of March 2025, with net profit reaching Rp172 billion in 2023 driven by retail turnaround and system integration expansion; Clifford Development Pte Ltd agreed to acquire a 17.2% stake from PT Inti Anugrah Pratama in late 2024; and it continues investments in new digital and consumer businesses while warning against fraud using its name in early 2024.