Institutional Capital & Governance
Capital Structure & GovernanceConsolidated private investment holding architecture
An authoritative overview of Mahendra Holding Group's equity architecture, two-tier board oversight, TARIF governance principles, and investor relations desk.
Investment Model
A consolidated, operational investment holding
Mahendra Holding Group operates as an active corporate holding company rather than a passive fund manager. We consolidate controlling stakes across five core pillars of Indonesia's real economy.
Operational Controlling Stakes
We are active business builders, not passive financial speculators. The group maintains controlling or significant strategic equity across subsidiaries to ensure disciplined execution and high governance standards.
Real-Economy Synergies
Each sector holding reinforces the broader ecosystem: Open Banking API infrastructure automates trade settlements, while national workforce outsourcing powers freight hubs and corporate facilities.
Prudent Long-Term Compounding
As an unlisted private holding, we allocate operating cash flows into durable, cash-generative Indonesian infrastructure unconstrained by short-term quarterly market sentiment.
Equity Architecture
Consolidated shareholding across sector holdings
Audited group equity ownership in each primary sector holding entity. Every branch oversees its respective operating subsidiaries.
| Sector Holding Entity | Sector Cluster | Controlling Role | Group Equity | Operating Subs | Details |
|---|---|---|---|---|---|
CV Twin Digital InvestamaFlagship Digital Investment Holding | Digital & SaaS | Company Holding | 100% | 2 Units | Inspect |
PT Duluin Digital InvestamaWorkforce & Corporate Services Sub-Holding | Workforces & FinTech | Subsidiaries Holding | 34.5% | 6 Units | Inspect |
PT Stellar Trade VenturesAgro-Food Supply Chain & Freight Sub-Holding | Commodities & Trade | Subsidiaries Holding | 40% | 3 Units | Inspect |
PT Transgo Group MobilityCommercial Fleet & EV Mobility Sub-Holding | Ride-Hailing & Mobility | Subsidiaries Holding | 35% | 3 Units | Inspect |
PT Renewa Green EnergyClean Energy Transition Sub-Holding | Renewable Energy | Subsidiaries Holding | 40% | 1 Units | Inspect |
Corporate Capital Note: All subsidiaries are held through dedicated sector sub-holdings under Indonesian Perseroan Terbatas (PT) company law, providing ring-fenced operational liability while consolidating strategic direction under Mahendra Holding Group.
Governance Standards
The TARIF governance framework
Applied across all 20 operating and holding entities in accordance with the National Committee on Governance (KNKG) and UU PT No. 40/2007.
- T
Transparency
Timely and transparent disclosure of corporate group structure, consolidated subsidiary registers, material corporate actions, and accurate equity allocations.
Article 68 UU PT No. 40/2007 & SAK Standards
- A
Accountability
Strict division of authority in Indonesia’s two-tier board system: the Board of Commissioners exercises independent supervisory oversight, while the Board of Directors executes corporate strategy.
Independent BoC Supervisory Mandate
- R
Responsibility
Strict compliance with Indonesian statutory laws, regulatory frameworks, labor statutes, and environmental concessions across our operating sectors.
OJK, Kemenkumham & Sectoral Concession Compliance
- I
Independency
Objective managerial decision-making free from conflicts of interest, external political pressure, or undue influence from any single shareholder.
Conflict of Interest & Ethical Wall Protocol
- F
Fairness
Equitable protection of shareholder rights, transparent partnerships with commercial joint-venture stakeholders, and fair, transparent employee workplace standards.
Equitable Stakeholder Treatment Policy