"Lippo Grup is one of the giant companies in Indonesia, even well-known internationally, especially in Asia and the United States."
Photo source: @lippoindonesia (Instagram)
Lippo Grup is one of the giant companies in Indonesia. This company is even well-known internationally, especially in Asia and the United States.
The company was established by a financier Mochtar Riady. He is called The Magic Man of Bank Marketing because of his good reputation both as a banker and financier. He is also known as a figure who always brings the bank under his management forward.
Photo source: @lippoindonesia (Instagram)
He started his career in banking by working at Bank Kemakmuran. In 1964 he moved to Bank Buana and in 1971 moved again to Bank Panin, in 1975 he joined Bank Central Asia (BCA) and became the trusted person of Sudono Salim (Liem Sioe Liong). In BCA, he gets a share as big as 17.5%. In 1981, he bought most of the shares of Bank Perniagaan Indonesia that belonged to Hasyim Ning.
When Mochtar Riady bought it, Hasyim Ning’s family assets decreased to only Rp16.3 billion at the time. In 1987, Mochtar joined the Bank Perniagaan Indonesia. After that, the bank asset shoots up to 1500% or as much as Rp257.73 billion! Only 2 years later he joined the Bank Umum Asia and gave birth to Lippo Bank, which would then become Lippo Grup.
Photo source: @lippoindonesia (Instagram)
Currently, Lippo Group has been vastly growing and has over 50.000 employees in many fields. They cover financial, property, and urban development, infrastructure construction, industry, and many others.
For financial services, they have banks, insurance, investment, security, asset management, and mutual funds. For property and urban development, they serve the development of satellite cities, housing, business district, condominium, shopping centers, and entertainment centers.
Photo source: @lippoindonesia (Instagram)
Meanwhile, the infrastructure construction includes power plants, gas production, distribution, main road construction, construction of clean water supply, and communication infrastructure. Almost all of the infrastructure is based in a foreign country, Hong Kong.
In the industry, they work in the industry of electronic components, automotive components, cement industry, porcelain, also charcoal, and natural gas. A few of their products are the refrigerator and AC of Mitsubishi brand for the electronic component, and gear cable and automotive components.
Photo source: @lippoindonesia (Instagram)
Lastly, Lippo Group has developed the services field such as information technology, retail business, recreation, entertainment, hotel, hospital, and education. One of the satellite cities they have developed is Karawaci, where Pelita Harapan University and Siloam Gleneagles hospital are located here.
Just recently the company develops a new e-commerce site, Matahari Mall. The ad is shown on many digital platforms. Now Lippo Group is managed by James Riady, the son of Mochtar Riady. In time, the company is always growing and becomes one of the giant companies in Indonesia that counts.
Photo source: @lippoindonesia (Instagram)
