The Company was officially established on September 4, 1991, under the name PT Intan Baruprana Finance, marking the beginning of the Company's journey in the national financing industry.
The Company was officially established on September 4, 1991, under the name PT Intan Baruprana Finance, marking the beginning of the Company's journey in the national financing industry.
On February 14, 2003, PT Intraco Penta Tbk, through PT Inta Finance and the PT Intraco Penta Tbk Employee Cooperative, became shareholders of the Company, strengthening the Company's position within the group structure.
The Company expanded its business portfolio by entering the sharia-based financing sector on April 8, 2010.
Phillip Asia Pacific Opportunity Fund, Ltd officially became a holder of 9.71% of the Company's shares on August 15, 2013, increasing investor confidence in the Company.
The Company listed its shares on the Indonesia Stock Exchange with the ticker code IBFN on December 22, 2014, opening a new chapter as a public company.
On September 22, 2017, the Company became the Respondent in a PKPU filing by one of its creditors, presenting a major challenge in its business journey.
IBF obtained homologation for the peace proposal on April 10, 2018, and strengthened its capital through a Rights Issue (PMTHMETD) and a Non-Pre-emptive Rights Issue (PMHMETD I). During this period, PT Northcliff Indonesia also entered as a new shareholder.
The Company successfully recorded a significant improvement in operational and financial performance throughout 2019.
The Company received approval for relaxation from creditors with the signing of the Amendment to the Peace Agreement on November 25, 2020.
The Company underwent a major restructuring, including the revocation of its financing business license by the OJK, the development of new business lines, and the change of name to PT Intan Baru Prana Tbk.
The Company officially changed its business activities from a financing company to a company engaged in commercial transportation equipment, marking a crucial phase in IBP's business transformation.
The company expanded its business scope by entering the heavy equipment rental sector, particularly hauling trucks, as a strategic diversification measure to strengthen its competitiveness in the heavy equipment and mining services industry.
The company has secured new business for heavy equipment rental at the sites of PT Darma Henwa, Petrosea, and PT Mitra Stamina Prima to maintain the company's business continuity.