About Garuda Indonesia
Garuda Indonesia is a company based in Tangerang (Indonesia) founded in 1947.. The company has 11,160 employees as of December 31, 2024. Garuda Indonesia has completed 1 acquisition, including Sriwijaya Air. Garuda Indonesia operates in a competitive market with competitors including Priority Ambulance, Ambuiberica, Action Ambulance Service, Eight Medical and Road Rescue, among others.
- Headquarter Tangerang, Indonesia
- Employees 11160 as on 31 Dec, 2024
- Stage Public
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Pt Garuda Indonesia (Persero) Tbk Class B
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Annual Revenue
$3.36 B (USD)21.03as on Dec 31, 2024
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Net Profit
$-71.3 M (USD)-130.25as on Dec 31, 2024
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EBITDA
$886.6 M (USD)14.8as on Dec 31, 2024
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Latest Funding Round
$405 M (USD), Post-IPO
Jun 25, 2025
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Investors
PT SMI
& 1 more
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Employee Count
11160
as on Dec 31, 2024
- Investments & Acquisitions
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IPO & Listings of Garuda Indonesia
Garuda Indonesia is a publicly listed company on the IDX with ticker symbol GIAA in Indonesia, operating in the Transportation sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Funding Insights of Garuda Indonesia
- Total Funding Total Funding
- Total Rounds 2
- Last Round Post-IPO — $405.0M
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First Round
First Round
(29 Dec 2020)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2025 | Amount | Post-IPO - Garuda Indonesia | Valuation |
investors |
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| Dec, 2020 | Amount | Post-IPO - Garuda Indonesia | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Garuda Indonesia
Garuda Indonesia has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include PT SMI and Danantara Indonesia. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Infrastructure fund focused on social infrastructure investments
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Garuda Indonesia
Garuda Indonesia has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Sriwijaya Air. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Passenger and freight transportation services are provided nationally and regionally.
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2003 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Garuda Indonesia
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Garuda Indonesia Comparisons
Competitors of Garuda Indonesia
Garuda Indonesia operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Priority Ambulance, Ambuiberica, Action Ambulance Service, Eight Medical and Road Rescue, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Non emergenecy transport and life support services
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| domain | founded_year | HQ Location |
Provider of road ambulance services
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| domain | founded_year | HQ Location |
Road ambulance services are provided throughout the region.
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| domain | founded_year | HQ Location |
Emergency medical transportation services are provided in Lagos, Nigeria.
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| domain | founded_year | HQ Location |
Medical road transportation services are provided in the United States.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Garuda Indonesia
Frequently Asked Questions about Garuda Indonesia
When was Garuda Indonesia founded?
Garuda Indonesia was founded in 1947 and raised its 1st funding round 73 years after it was founded.
Where is Garuda Indonesia located?
Garuda Indonesia is headquartered in Tangerang, Indonesia. It is registered at Tangerang, Banten, Indonesia.
Who is the current CEO of Garuda Indonesia?
Ngurah Askhara Danadiputra is the current CEO of Garuda Indonesia.
How many employees does Garuda Indonesia have?
As of Dec 31, 2024, the latest employee count at Garuda Indonesia is 11,160.
What is the annual revenue of Garuda Indonesia?
Annual revenue of Garuda Indonesia is $3.36B as on Dec 31, 2024.
What does Garuda Indonesia do?
Garuda Indonesia was founded in 1947 and is headquartered in Tangerang, Indonesia. Operations in the aviation sector focus on passenger transport services across domestic and international routes. The company serves as a national carrier with a fleet supporting scheduled flights. In 2022, annual revenues of 2.11 billion were recorded, alongside a net profit of 3.67 billion. Leadership is provided by CEO Ngurah Askhara Danadiputra.
Who are the top competitors of Garuda Indonesia?
Garuda Indonesia's top competitors include Priority Ambulance, Ambuiberica and MedTrust.
Is Garuda Indonesia publicly traded?
Yes, Garuda Indonesia is publicly traded on IDX under the ticker symbol GIAA.
How many acquisitions has Garuda Indonesia made?
Garuda Indonesia has made 1 acquisition, including Sriwijaya Air.
Who are Garuda Indonesia's investors?
Garuda Indonesia has 2 investors. Key investors include PT SMI, and Danantara Indonesia.
What is Garuda Indonesia's ticker symbol?
The ticker symbol of Garuda Indonesia is GIAA on IDX.