The Track that Matters

We are an active investment company with a solid track record, leveraging over two decades of experience and expertise in Indonesia and Southeast Asia.

Our Company

PT Saratoga Investama Sedaya Tbk manages over USD 3 billion in assets, investing in key focus sectors including healthcare, digital infrastructure, consumer, green economy, energy sector, precious metals, and specialty logistics.

Our History

Over 20 years of active investments in Indonesia and continuing to grow.

Established in 1997, at the height of the Asian financial crisis, Saratoga was founded as an active investment company with a clear vision: to play a strategic role in Indonesia’s transformation and capturing long-term investment value in a changing economic landscape.

Over the past two decades, we have built a strong track record in the energy, precious metals, and infrastructure sectors. Notable investments include PT Tower Bersama Infrastructure Tbk, PT Merdeka Copper Gold Tbk, PT Adaro Andalan Indonesia Tbk and PT Alamtri Resources Tbk (previously PT Adaro Energy Tbk). Collectively, our listed portfolio companies reached a combined market capitalization of over USD 21 billion in 2024.

As Indonesia enters its next development stage, driven by an expanding middle class and rapid economic transformation, Saratoga is now focused on actively investing in high-growth sectors including healthcare, renewable energy, digital infrastructure, and consumer—positioning ourselves to unlock long-term value in the decades ahead.

1997

Saratoga Group was born

2002

Saratoga invested in Adaro Group

2004

Saratoga together with Provident Capital invested in a small independent tower company now known as Tower Bersama Infrastucture (TBIG)

2008

Adaro Energy (ADRO) became the largest IPO in the history of IDX at the time, raising IDR 12.2 trillion

2010

Saratoga invested in Mitra Pinasthika Mustika (MPMX) and TBIG listed on IDX

2012

A single undeveloped gold project now known as Merdeka Copper Gold (MDKA) was established.

2013

Saratoga Investama Sedaya (SRTG) and MPMX listed on IDX

2015

MDKA conducted IPO and became a publicly listed company on IDX

2016

Saratoga invested in Primaya Hospital and MGM Bosco logistics (cold-chain logistic)

2017

Saratoga invested in Deltomed Laboratories (herbal medicine producer) and successfully divested ownership in Lintas Marga Sedaya (toll road) and Medco Power Indonesia (power plant)

2018

Saratoga invested in Samator Indo Gas (AGII, previously Aneka Gas Industri) and divested its stake in Paiton Energy (power plant)

2020

Saratoga increased their ownership in MGM Bosco Logistic

2022

Primaya Hospital listed on IDX

2023

Merdeka Battery Materials (MBMA), a subsidiary of MDKA, listed on IDX

2024

Saratoga acquired a majority stake in Brawijaya Hospital and divested its stake in Deltomed. ADRO completed the divestment of its thermal coal subsidiary, Adaro Andalan Indonesia (AADI) and AADI became a publicly listed company on IDX

Our Leadership

Our leadership team, backed by decades of credibility, comprises highly experienced professionals with a strong track record in creating value across various sectors – reflected in our Net Asset Value (NAV) of over USD 3 billion as of December 2024. 

Our Vision

A world-class active investment company in Indonesia that excels on the back of strong corporate characters to create value for our stakeholders and the nation.

Our Mission

To be the partner of choice for investors to participate in the dynamic growth of Indonesia.

Our Corporate Character

  • Integrity
  • Passion & Energy
  • Competence & Capability

Our Core Values

  • Work Hard
  • Work Smart
  • Work Thoroughly
  • Work Wholeheartedly