INDONESIA, 8 August 2024 – PT Pakuwon Jati Tbk has been presented with the prestigious 2024 Indonesia’s Best Managed Companies award for its industry-leading performance, excellent business practices and sustained growth. With this win, PT Pakuwon Jati Tbk is now a Gold Standard winner, having achieved the Best Managed status for four years in a row. 

                                                                                                             

Aimed to inspire, celebrate, and build a community of private businesses that create a positive impact in their industries and communities, the Best Managed Companies awards evaluate businesses based on four core pillars of strategy, culture and commitment, capabilities and innovation, as well as governance and financials. 

 

“We are truly humbled and grateful to receive our first Gold Winner Indonesia Best Managed Company 2024,” said Leon Tedja, director of PT Pakuwon Jati Tbk. “This accolade is a testament to the entire Pakuwon team whose dedication, innovation and hard work has taken us to this acknowledgement and also to our clients and partners for their immense trust and support. Lastly, we also thank Deloitte for recognizing our effort, and may this accolade encourage us in our future endeavor.”

 

Indonesia’s Best Managed Companies awards program is one of the country’s leading business programs which recognise innovative and world-class private businesses. Every year, aspirational companies compete for this designation through a rigorous and independent evaluation process, benchmarked against a global standard framework applied across more than 1,300 Best Managed Companies in 46 countries worldwide. 

 

PT Pakuwon Jati Tbk is a property developer who, in 2024, has been in the field for 42 years. Strategic roadmap and clear vision has put Pakuwon’s significant presence in many big cities across Indonesia with 5 core businesses: mall, landed houses, highrise housing, office tower and hotels. PT Pakuwon Jati Tbk is the first in Indonesia to adopt “superblock” concept where retail, shopping mall, office, condominium and hotel are integrated in one large-scale mixed-use development.  

 

CHUA How Kiat, Best Managed Companies Leader, Deloitte Southeast Asia, said: “The winners of Indonesia’s Best Managed Companies awards stand out for their innovation, purpose-driven value creation, industry leadership, commitment to sustainability, active talent engagement and customer-centric mindset. Having witnessed the evolution of the winners through the awards process, particularly for those who have participated over recent years, it is remarkable to see how they have raised the bar for success among private businesses in Indonesia.”

 

Best Managed Companies is a flagship program presented by Deloitte Private, a division of Deloitte exclusively focused on serving private clients of all sizes. 

 

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About PT Pakuwon Jati Tbk 

PT Pakuwon Jati Tbk was founded in 1982 as the owner of Tunjungan Plaza, the first shopping center in Surabaya. Since then, combined with hard work, dedication and innovation for 42 years, PT Pakuwon Jati has grown from just one Tunjungan Plaza to many shopping malls, office building, condominiums, hotels and landed housing across many big cities making it one of the biggest property companies in Indonesia. PT Pakuwon Jati Tbk is the first property developer company to be listed on BEI and is still listed to date. With the flagship superblock concept, PT Pakuwon Jati strives to continue delivering exceptional value to stakeholders. 

 

 

Contact details
Minarto Basuki 
Director and Corporate Secretary
Pakuwon City Mall 5th floor
Jl. Kejawan Putih Mutiara no. 17, Surabaya 
(6231) 9921 8800
Email: corpsec@pakuwon.com
Website: www.pakuwonjati.com 

 

 

About Indonesia’s Best Managed Companies program

 

Best Managed Companies is a global awards program recognising privately held companies for their organisational success and entrepreneurial spirit. This program provides a distinct framework for management teams to challenge themselves and benchmark against some of the best private companies in the world.

 

Each year, an independent judging panel plays a crucial role in identifying companies that demonstrate exceptional management practices through the program’s trademark four pillar approach and admitting them as recipients for the Best Managed designation.

 

The Best Managed Companies program was established in Canada in 1993. It has since expanded to 46 countries across Asia Pacific, the Americas, Europe and Middle East, and is launching across Africa. There is a global network of over 1,300 outstanding companies, and these companies come together as a community to build alliances and share insights.

 

For more information on the awards program, visit the Indonesia’s Best Managed Companies website.