Emtek

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For the door and cabinet hardware manufacturer, see Emtek (hardware).

PT Elang Mahkota Teknologi Tbk
Emtek
FormerlyPT Elang Mahkota Komputer (1983–1997)
Company typePublic
IDX: EMTK
Industry
Founded1983; 43 years ago (1983)
FounderEddy Kusnadi Sariaatmadja
HeadquartersJakarta, Indonesia
Key people
Alvin Widarta Sariaatmadja
(President director)
Products
Services
RevenueIncrease Rp 12.498 trillion (2024)
Increase Rp 69.398 billion (2024)
Total assetsIncrease Rp 54.912 trillion (2024)
Owners
Number of employees
10,987 (2024)
Subsidiaries
Websitewww.emtek.co.id

PT Elang Mahkota Teknologi Tbk, trading as Emtek, is an Indonesian technology, telecommunication and media conglomerate headquartered in Jakarta. As of 2013, it is Indonesia's second largest media company.[1] It is the parent company for subsidiaries which include pay television service Nex Parabola and five television networks – SCTV, Indosiar, Moji, Ajwa TV [id], and Mentari TV [id]. It was established in 1983 by Eddy Kusnadi Sariaatmadja. Currently, the company is headed by Alvin Widarta Sariaatmadja as its president director.[2]

History

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The company was established in 1983 as PT Elang Mahkota Komputer by two brothers Eddy Kusnadi Sariaatmadja Fofo Sariaatmadja as a distributor of Compaq computers. Emtek was trusted by numerous companies and government to supply Compaq computers to their offices.[3] Emtek owned 3 subsidiaries at the time, PT Abhimata Citra Abadi (network), PT Abhimata Persada (software) and PT Intipraja Teknosindo (hardware manufacturing) along with PT Tangara Mitrakom (VSAT) and PT Bitnet Komunikasindo (ISP) later.[4] In 1998, PT Elang Mahkota Komputer renamed itself into PT Elang Mahkota Teknologi.[5]

After the end of the 1997 Asian financial crisis, Emtek expressed interest in entering the mass media industry. In 2000, in partnership with Australian media mogul John Singleton, acquired partial ownership stake of SCTV, a TV network once tied with the Gang of Four by establishing new business unit, Surya Citra Media. Shares of Emtek ownership then keep increasing until 2005 when it become majority owner of SCTV. [6] On 9 August 2004, the company launched a local television station – O Channel, along with the MRA Media Group. In 2007, Emtek took full control of the station. In 2008, the group took control of Surya Citra Media (SCTV). As Emtek focused more on mass media business, it abandoned its computer distribution business after Compaq was merged with HP Inc.

In 2010, Emtek decided to roll its first initial public offering to the Indonesian Stock Exchange by making 10% of its stake public, making it the first company to IPO in the decade. On May 2011, Emtek begin to make a move to acquire 27,24% of Indosiar ownership stake from Salim Group. At the end of the mandatory tender offer, Emtek officially controlled Indosiar with 84.77% shares.[7] On November 2011, Emtek launched a subscription TV operator, named NexMedia. Emtek was an Official Broadcaster of the 2018 Asian Games for the Indonesian Olympic Committee.[8]

Since 2010s Emtek already diversified its business model ranging from various sectors including fintech, banking, and healthcare. Sariaatmadja family established PT Kreatif Media Karya which focused on funding startups, notably ecommerce Bukalapak and digital payment Dana. Emtek also established PT Elang Medika Corpora that focused on its healthcare wing by acquiring numerous hospitals.[9] In 2021, Emtek completed its acquisition of Bank Fama International, signifying their entry into banking industry.[10]

Corporate governance

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As of 28 February 2021, Emtek ownership is as follows:

  • Eddy Kusnadi Sariaatmadja (24.91%)
  • Fofo Sariaatmadja (5.38%)
  • Susanto Suwarto (12.61%)
  • PT Adikarsa Sarana (11.53%)
  • Anthoni Salim (9.08%)
  • Piet Yaury (8.84%)
  • PT Prima Visualindo (8.14%)
  • Archipelago Investment Pte. Ltd (8.06%)
  • shareholder (20.13%)

Executives

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  • Eddy Kusnadi Sariaatmadja (President Commissioner)
  • Sutanto Hartono (President Director)
  • Alvin Widarta Sariaatmadja (Director)
  • Yuslinda Nasution (Director: Solution Operation)[11]
  • Susanto Suwarto (Commissioner)

Business units

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Media

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  • Surya Citra Media
    • SCTV
    • Indosiar
    • Vidio
    • Nex Parabola
    • Screenplay Productions
    • Indonesia Entertainmen Group (IEG)
      • Indonesia Entertainmen Studio
      • Indonesia Entertainmen Produksi (IEP)
      • SinemArt
      • Screenplay Films
      • Screenplay Infinite Films (joint venture with Infinite Studios)
      • Sky Media
      • Frontier Pictures
      • DreamToon
      • Digital Rantai Maya
      • Ajwa TV
      • Mentari TV
    • RANS Entertainment (co-owned with Raffi Ahmad and Nagita Slavina)
    • Stream Entertainment (joint venture with Trinity Optima Production)
    • KapanLagi Youniverse
      • KapanLagi.com
      • Liputan6.com
      • Bintang.com
      • Bola.com
      • Bola.net
      • Famous.id
      • Dream.co.id
      • Brilio.net
      • Fimela.com
      • Vemale.com
      • Merdeka.com
      • Otosia.com
      • Sooperboy.com
  • Moji
  • Karir.com
  • Lakupon
  • Bukalapak (23,93% via Kreatif Karya Media)
  • Rumah.com
  • Oto.com
  • Reservasi.com
  • HijUp
  • Bobobobo
  • BrideStory
  • Home Tester Club
  • Kudo
  • SuitMedia
  • Elang Sejahtera Mandiri
  • EDIK
  • Doku
  • Media Komunika Teknologi
    • KlikDokter.com
    • Klik-Apotek.com
  • Eye Indonesia

Connectivity and others

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  • Bitnet Komunikasindo
  • Elang Medika Corpora
    • EMC Tangerang
    • Rumah Sakit EMC Sentul
    • Graha Mitra Insani
    • Surya Cipta Medika
  • Primedia Solusi Pratama
  • Elang Graha Propertindo
  • Indosurya Menara Bersama
  • Elang Media Visitama
  • Binary Ventura Indonesia
  • Institut Media Digital Emtek

CSR

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  • Yayasan Pundi Amal Peduli Kasih
  • Yayasan Puteri Indonesia

References

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  1. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  2. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  3. ^ Demokrasi dan globalisasi: meretas jalan menuju kejatidirian
  4. ^ Accelerated Progress, Indonesian Telecommunications: 50th Indonesia Anniversary
  5. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  6. ^ PSG Simple Notes: Sariaatmadja Fam?
  7. ^ Indosiar Company Report
  8. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  9. ^ The Tale of the Conglomerates (Serial 5): Eddy Kusnadi, From Selling Computers to the King of Media and Unicorn Start-ups
  10. ^ Emtek Resmi Akuisisi 93% Bank Fama
  11. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
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