Jusuf Kalla's Bukaka Teknik Utama Expands into India with New Subsidiary

JAKARTA, investortrust.id – PT Bukaka Teknik Utama Tbk, or BUKK, an infrastructure and engineering company controlled by the family of Indonesia’s 10th and 12th Vice President Jusuf Kalla, has expanded its operations to India by establishing a new subsidiary.

Formation of Bukaka Oil and Gas Private Ltd

Bukaka’s President Director, Irsal Kamarudin, announced that the company, in collaboration with Three D Integrated Solutions Ltd, has founded Bukaka Oil and Gas Private Ltd in India. The Indian government officially approved the establishment on January 29, 2025.

"Bukaka Oil was created to engage in the manufacturing, repair, and supply of equipment and products related to the oil and gas industry," Kamarudin stated.

The subsidiary was established with an issued and paid-up capital of approximately Rp 5.15 billion ($330,000). Bukaka contributed Rp 4.38 billion, securing an 85% stake, while Three D Integrated Solutions Ltd invested Rp 773.95 million for the remaining 15% share.

Business Impact and Financial Performance

BUKK’s management said that the establishment of Bukaka Oil and Gas Private Ltd did not have a material impact on the company’s operations, financial standing, or business continuity. Instead, the move was part of Bukaka’s broader strategy to expand internationally, particularly in the oil and gas equipment supply sector.

As of September 2024, Bukaka reported a decline in revenue from both construction and non-construction sectors, totaling Rp 2.55 trillion, down from Rp 3.92 trillion in the same period the previous year. Despite the revenue drop, the company’s net profit increased from Rp 517.87 billion to Rp 584.47 billion.

Ownership Structure

Bukaka Teknik Utama remains under the control of the Kalla family. According to shareholder registration data, Suhaeli Kalla holds a 30.32% stake, followed by Solihin Jusuf Kalla with 29.91%, and Achmad Kalla with 25.56%.