Published on October 20, 2025, by Bisnis.com
By Annisa Kurniasari Saumi
Bisnis.com, JAKARTA — Daya Anagata Nusantara Investment Management Agency or BPI Danantara will trim down the number of subsidiaries of state-owned enterprises (SOEs) from 1,044 to 230 or 240 companies within the next five years.
Chief Executive Officer Danantara Rosan Roeslani said there are more than 1,044 at present. Rosan and Danantara initially estimated the number of SOEs are 800 companies.
“In reality, this keeps on expanding across 12 sectors, reaching almost 1,044 [SOEs] right now,” Rosan said during HIPMI-Danantara Indonesia Business Forum 2025 on Monday (20/10).
Rosan said Danantara wants to improve the effectiveness and efficiency of SOEs. Based on Danantara’s reviews, Rosan said, there will only be 230-240 SOEs in the next five years.
“We’ve reviewed it, and we’re likely to limit it to 230-240 state-owned enterprises (SOEs) over the next five years. That’s our target,” Rosan said.
According to Rosan, Danantara’s decision to reduce the number of SOEs is based on its focus on quality, not quantity. He explained that Danantara will optimize assets and create added value from them.
Meanwhile, Rosan explained that Danantara’s funding comes from dividends received from SOEs, which Danantara can reinvest without going through the Ministry of Finance.
Rosan said that this year, Danantara received approximately Rp140 trillion in dividends, which will be done in stages. With this dividend, Danantara can invest approximately Rp750 trillion over the next five years.
He stated that this figure is only from equity. If Danantara were to seek loans, the amount would be significant.
“Danantara’s role will not be optimal, it will not be maximized if it works alone. We want to invite the business world and the private sector to grow together with us,” he said.