A key challenge in finding a single report is that the Djarum Group is a sprawling, privately held conglomerate. The legal and financial reporting is conducted through its parent company: .
The kretek industry has matured, with Djarum continuing to innovate in premium kretek products designed for middle and upper-class consumers. 3. Diversified Portfolio: Banking, Digital, and Lifestyle
The tobacco division remains the historical backbone of the Group. Despite increasing global regulations, high excise taxes in Indonesia, and the rise of anti-smoking campaigns, Djarum has maintained market dominance. djarum group annual report full
Djarum Group is a privately held conglomerate owned by the Hartono family
The group’s move into e-commerce via marks its commitment to the digital economy. A key challenge in finding a single report
As of late 2023, the report is in the auditing process. Wait until April 2024, then request it via the "AHU Online" public information request portal. You must cite "PermenKumham No. 4 Tahun 2017" to force disclosure.
: In 2025, the group aggressively expanded into healthcare by acquiring stakes in Hermina Hospital . It also deepened its property footprint through industrial estate development. Djarum Group is a privately held conglomerate owned
The cornerstone of the group's financial strength is its controlling stake in , Indonesia's largest private bank. This investment provides immense cash flow and stability, bolstering the group's capital structure against economic volatility. B. Digital and E-commerce (Blibli & Tiket.com)
Managed via Global Digital Niaga (Blibli) and venture capital arm GDP Venture.
Founded in 1951 by Oei Wie Gwan, the Djarum Group has transformed from a small local cigarette manufacturer into one of Indonesia’s largest and most diversified conglomerates. While remains a core pillar, the group has diversified extensively under the leadership of Michael and Budi Hartono.