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PT JACCS Mitra Pinasthika Mustika Finance Indonesia (JACCS MPM Finance Indonesia) is a finance company engaging in the capital, multipurpose, and investment financing, in consumer finance for four-wheel vehicles, two-wheel vehicles, and multipurpose. JACCS MPM Finance Indonesia also engages in corporate finance through finance lease products for heavy equipment, machinery, and industrial properties.

PT JACCS Mitra Pinasthika Mustika Finance Indonesia (the Company) was initially established as a securities trading company named PT Elbatama Securindo, which was founded on May 3, 1990, based on Deed of Establishment No. 26 dated May 3, 1990, made before Rachmat Santoso, S.H., Notary in Jakarta, as amended by Deed No. 327 dated June 30, 1990, made before Rachmat Santoso, S.H., Notary in Jakarta. The Company obtained legal status based on the Decree of the Minister of Justice No. C2-4110.HT.01.01.Th.90 dated July 16, 1990, and has been registered in the register book of the Central Jakarta District Court No. 1583/1990 dated July 26, 1990, and has been announced in the State Gazette of the Republic of Indonesia (BNRI) No. 85 and Supplement to the State Gazette of the Republic of Indonesia (TBNRI) No. 8963 on October 22, 1996.

In 1993, the Company decided to change its business activities to become a finance company and change its name to PT Elbatama Finance. Along with developments, in 2000, PT Elbatama Finance was acquired by PT Austindo Nusantara Jaya (ANJ), and due to the acquisition, then in 2003, PT Elbatama Finance changed its name to PT Austindo Nusantara Jaya Finance (ANJF). In 2010, ANJ acquired 94% of ANJF shares through PT Austindo Nusantara Jaya Rent (ANJR), one of ANJ’s subsidiaries. And in 2012, ANJR released ANJF shares to PT Mitra Pinasthika Mustika Tbk (MPM) and the Company changed its name to PT Mitra Pinasthika Mustika Finance (MPM Finance). MPM then increased the portion of the Company’s share ownership from 64.9% to 99.9% in 2013.

In 2014, MPM made a strategic initiative by merging its subsidiaries, namely MPM Finance and PT Sasana Artha Finance (SAF). In this merger, MPM Finance functions as the recipient company of the merger (surviving entity). As a shareholder representing 40% of SAF’s paid-up capital, JACCS Co., Ltd. (JACCS) increased the paid-up capital to the Company, hence its ownership became 40%. On May 17, 2017, MPM transferred 20% of shares owned in the Company to JACCS, so that JACCS became the majority shareholder with 60% ownership and followed by MPM with 40% ownership. The Company changed its name to PT JACCS Mitra Pinasthika Mustika Finance Indonesia (JACCS MPM Finance Indonesia) based on the Decree of the Minister of Law and Human Rights of the Republic of Indonesia No. AHU-0103193. AH.01.02. Tahun 2019 dated December 10, 2019.

  1. 1990

    PT JACCS Mitra Pinasthika Mustika Finance Indonesia (the Company) was initially established as a securities trading company named PT Elbatama Securindo, which was founded on May 3, 1990, based on Deed of Establishment No. 26 dated May 3, 1990, made before Rachmat Santoso, S.H., Notary in Jakarta, as amended by Deed No. 327 dated June 30, 1990, made before Rachmat Santoso, S.H., Notary in Jakarta.

  2. 1993

    The Company decided to change its business activities to become a finance company and change its name to PT Elbatama Finance.

  3. 1994

    In carrying out its business activities, the Company has obtained a business license in the field of business of financial institutions based on the decision of the Minister of Finance No.68/KMK.017/1994 dated March 5, 1994,

  4. 2000

    Along with developments, in 2000, PT Elbatama Finance was acquired by PT Austindo Nusantara Jaya (ANJ).

  5. 2003

    Changed its name to PT Austindo Nusantara Jaya Finance (ANJF).

  6. 2010

    ANJ acquired 94% of ANJF shares through PT Austindo Nusantara Jaya Rent (ANJR), one of ANJ’s subsidiaries.

  7. 2012

    PT Mitra Pinashtika Mustika Tbk (MPM) acquired ANJF’s shares which were owned by ANJR and changed its name to PT Mitra Pinasthika Mustika Finance (Company).

  8. 2013

    MPM increased its portion of share ownership in the Company, from 64.9% to 99.9%.

  9. 2014

    The Company merged with PT Sasana Artha Finance (SAF) and become the surviving entity.

    As a shareholder representing 40% of SAF’s paid-up capital, JACCS Co., Ltd. increased its paid-up capital in the Company to 40%.

  10. 2015

    The Company received an offshore syndication loan facility amounting to USD 150 million.

  11. 2016

    The Company issued Medium Term Notes (MTN) amounting to IDR 300 billion.

    The Company received an off-shore syndication loan facility amounting to USD 133 million.

  12. 2017

    JACCS acquired 20% of the Company’s share ownership from MPM and becomes a majority shareholder with 60% ownership, while MPM still owns 40% of the Company’s shares.

    The Company received an offshore syndication loan facility amounting to USD 190 million.

    The Company obtained a rating AA- from PT Fitch Ratings Indonesia.

  13. 2018

    The Company received an off-shore syndication loan facility amounting to USD 333 million.

    The Company obtained a rating AA from Fitch Rating Indonesia.

    The Company’s total assets reached IDR 10 trillion.

  14. 2019

    The Company received an off-shore syndication loan facility amounting to USD 250 million.

    The Company issued MPM Finance I Bonds Year 2019 amounting to IDR 664 billion.

    The Company changed its name to PT JACCS Mitra Pinasthika Mustika Finance Indonesia (JACCS MPM Finance Indonesia).

     

  15. 2021

    The Company introduced the Company’s new logo.

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PT JACCS Mitra Pinasthika Mustika Finance Indonesia
Gedung Lippo Kuningan Lantai 25,
Jalan H.R. Rasuna Said Kav B-12
Karet Kuningan Kota Jakarta Selatan,
DKI Jakarta 12940
JACCS MPM Finance Indonesia is Authorized and Supervised by Otoritas Jasa Keuangan
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