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ABOUT US

A member of MAP Group, PT Map Boga Adiperkasa Tbk (MBA) is a major F&B player in Indonesia with over 800 stores across 44 major Indonesian cities – and a portfolio of 8 iconic brands: Starbucks, Pizza Marzano, Krispy Kreme, Cold Stone Creamery, Godiva, PAUL Bakery, Genki Sushi and Subway.

2002

Starbucks opens first store in Indonesia

2006

Pizza Express opens first store in Indonesia

2013

Launch of Godiva in Indonesia

2017

IPO of MBA

2019

Acquired PAUL Bakery

Starbucks
Krispy Kreme
PizzaExpress
Coldstone
Godiva
General Alliance
MBA
Genki Sushi
PAUL Bakery
SUBWAY

2006

Krispy Kreme opens first outlet

2007

Cold Stone Creamery opens first store

2016

Strategic Partnership with General Atlantic

2018

Acquired Genki Sushi

2021

Partners with SUBWAY

2002

Starbucks opens first store in Indonesia

2006

Krispy Kreme opens first outlet

2006

Krispy Kreme opens first outlet

2006

Pizza Express opens first store in Indonesia

2007

Cold Stone Creamery opens first store

2007

Cold Stone Creamery opens first store

2013

Launch of Godiva in Indonesia

2016

Strategic Partnership with General Atlantic

2016

Strategic Partnership with General Atlantic

2017

IPO of MBA

2018

Acquired Genki Sushi

2018

Acquired Genki Sushi

2019

Acquired PAUL Bakery

2021

Partners with SUBWAY

2021

Partners with SUBWAY

VISION

To create a portfolio of premium international food and beverage brands that are “top of the class” in their category, and appeal to the aspiring middle and upper income consumers

MISSION

  1. To deliver our F&B international brands to the level found in any major city in the world
  2. To create demand by fun participation and “experiential” concepts
  3. To establish new standards of service
  4. To continually grow in shareholder value

CORPORATE STRUCTURE

PT MAP BOGA ADIPERKASA TBK

(Holding Company)

PT sari coffee Indonesia

(Starbucks)

PT sari pizza Indonesia

(PizzaExpress)

PT premier doughnut Indonesia

(Krispy Kreme)

PT sari Ice cream Indonesia

(Cold Stone / Godiva)

PT Agung Mandiri Lestari

(Genki Sushi)

PT Sari Food Lestari

(Paul Bakery)

PT Sari Sandwich Indonesia

(Subway)

Organization Structure

  • Board of Commissioners
  • Board of Directors
  • Virendra Prakash Sharma


  • Anthony Valentine Mc Evoy


  • Handaka Santosa


  • Derwin Wirawan


  • Sandeep Achyut Naik


  • Liryawati


  • Susiana Latif


  • Varun Talukdar


  • Alok Chandra Misra


  • Ratih Darmawan Gianda


  • Internal AuditCorporate Secretary
Legal Basis of Establishment: Deed no. 109, dated 18 August 2021
Virendra Prakash Sharma
President Commissioner
Virendra Prakash Sharma is currently the President Commissioner of the Company. Concurrently, he is the Vice President Director of PT Mitra Adiperkasa Tbk (MAP) since 2004, President Commissioner of PT Map Aktif Adiperkasa Tbk since 2018, and holds other key positions at MAP subsidiaries. He has joined MAP since 1995, and has been instrumental in building MAP into the Company it is today. He started his career as an Advisor at PT Mitra Prima in 1989, and Advisor at MAP in 1995. Being an inspiring leader to the MAP Group, he was a finalist of Ernst & Young “Entrepreneur of the Year” Award in 2007 and CNBC “Asia Business Leaders Award” in 2012 and 2015.
An Indian Citizen, born in 1958, domiciled in Jakarta, Indonesia. He acquired his Master of Business Administration from United Kingdom, and his Bachelor Degree in Law & Commerce from India. He is also a certified Associate of the Indian Institute of Bankers.
Virendra Prakash Sharma
Handaka Santosa
Commissioner
Handaka Santosa is currently a Commissioner of the Company. Concurrently he also serves as a Director for PT Mitra Adiperkasa Tbk since 2018 and as Director of PT Map Aktif Adiperkasa Tbk since 2020.
Prior to his appointment as a member of the Board, Handaka was the CEO of Senayan City between 2005 to 2014, and an Independent Commissioner of Alfa Retailindo from 2008 to 2011. Currently, he serves as a member of the top management team at SOGO Indonesia. He was also a former Commissioner of PT Mitra Adiperkasa Tbk from 2014 to 2018 and a Director of Gajah Mada Plaza between 1981 and 1988. Besides his role in the Company, he held numerous key positions in several leading organizations, including Expert Staff of the National Craft Council of DKI Jakarta Province (2022 – present), Head of the Standing Committee of Development of Regional Products and Commodity for Indonesian Chamber of Commerce & Industry (2021 – present), Chairman of Indonesian Global Brand Merchants Association (2021 – present), Chairman of Indonesia Shopping Centres Management Association (2012 – 2015), Advisor to Indonesia Retail Merchants Association (2011 – 2015), Executive member of the National Consumer Protection Agency (2009 – 2012), General Secretary and Chairman of The Association of Indonesian Retailers (2000 – 2008), and many other organizations including Head Committee of Property Services Development for Indonesian Chamber of Commerce & Industry (2015 – 2020).
An Indonesian citizen born in 1956, he earned his Bachelor Degree in Civil Engineering from University of Diponegoro, Semarang, in 1981.
Handaka Santosa
Sandeep Achyut Naik
Independent Commissioner
Sandeep Achyut Naik has been a Commissioner of the Company since 2016. He is a Managing Director at General Atlantic and serves on the firms Executive Committee. He is located in General Atlantic’s Singapore office, where he serves as head of operations in India and South East Asia. Mr. Naik manages and oversees all of GA’s investments in the region, which include Byju’s, Jio, Reliance Retail, Ruangguru, Krishna Institute of Medical Sciences Limited, BillDesk, House of Anita Dongre, IIFL Wealth Management and KFin Technologies Private Limited. Previously, Mr. Naik served as a partner and co-head of the India office for Apax Partners, leading their investments in healthcare, financial & business services and retail & consumer sectors. Prior to joining Apax, he was a Global Marketing Manager at Medtronic Inc, a scientist at Mayo Clinic and a Consultant with McKinsey. He is also the co-founder of a medical device start-up firm, InfraScan Inc., which is focused on detecting bleeding inside the brain using a handheld device.
Mr. Naik is an avid community worker. Among other philanthropic endeavors, he co-founded ToolBox India, an organization that brings professionals and non-profits together to improve productivity and efficiency within the social sector.
A United States citizen, born in India in 1972, Mr. Naik holds a BTech in Instrumentation Engineering from the University of Mumbai, an M.S. in Biomedical Engineering from the Medical College of Virginia and an M.B.A. in Finance from The Wharton School of Business, University of Pennsylvania. Mr. Naik was selected as a Young Global Leader by the World Economic Forum and served on the Global Agenda Council of ‘New Order of Economic Thinking’. Mr. Naik is also a member on the Wharton Asia Board.
Sandeep Achyut Naik
Susiana Latif
Commissioner
With years of experience spearheading the Company’s financial strategies and policies, Susiana Latif is currently a Commissioner of the Company. Concurrently, she serves as a Director of PT Mitra Adiperkasa Tbk (MAPI), and a Vice President Commissioner of PT Map Aktif Adiperkasa (MAPA). She first joined MAPI in 1995 overseeing all financial aspects of the Company. Having spent over 25 years providing financial leadership at MAPI, she is a vital member of the Company.
An Indonesian citizen born in 1958, she earned her Master of Business Administration Degree from Hull University, United Kingdom, in 1996.
Susiana Latif
Alok Chandra Misra
Independent Commissioner
Mr. Alok C. Misra is an Independent Commissioner of MBA, having joined the board of the company in December 2022. Concurrently, Mr. Misra is the Chief Operating Officer of General Atlantic’s India office and an Operating Partner with the firm. In this role, he provides strategic support and financial expertise to the firm’s investment teams and portfolio companies with a focus on the India & Asia- Pacific region.
Before joining General Atlantic in 2013, Alok served as Group Chief Financial Officer at WNS Group, where he helped lead the company through significant expansion and transformation. Prior to that, he was Group Chief Financial Officer of MphasiS BFL Group and served in several accounting and finance roles at other firms, including ITC. Limited and PwC.
Born in 1966, Mr. Misra is an Indian citizen. He holds an Honours degree in Commerce from Calcutta University. He is also a Fellow Member of the Institute of Chartered Accountants of India.
Alok Chandra Misra
Anthony Valentine Mc Evoy
President Director
Anthony Valentine Mc Evoy is currently the President Director of the Company since 2024. He concurrently serves as a Director of PT Sari Coffee Indonesia (Starbucks Indonesia) since early 2020. Before joining the Company, Anthony held key positions at Select Service Partner Group in England and Asia from 2011 to 2020, where he was the Chief Operating Officer for Asia Pacific from 2019 to 2020.
An Irish citizen, born in 1979, domiciled in Jakarta, Indonesia. He received his Bachelor of Commerce degree from the University of Hertfordshire in England in 1999. He completed the Executive Leadership Development program at Hult Ashridge (England) in 2009 and the Rosen Multi-Site Leadership Program at the University of Central Florida, USA in 2012. He was also a Board Member for Travel Food Services in Mumbai, India from 2017 to 2020.
Anthony Valentine Mc Evoy
Derwin Wirawan
Director
Derwin Wirawan was named as a Director of the Company in 2023. In this leadership role, Derwin is responsible for the finance function for the Company which includes developing and executing the financial strategies that enable the long-term growth of the Company. Previously, he was the Corporate Finance General Manager of PT Mitra Adiperkasa Tbk (2018 – 2021).
An Indonesian citizen born in 1983, he earned his Bachelor of Science in Business Administration, Finance and Accounting Degree from University of Minnesota, United States of America, in 2008. He then earned his Master of Business Administration (MBA) and Master of Science in Financial Analysis (MSFA) degrees from University of San Francisco, United States of America, in 2010. He has acquired a Chartered Financial Analyst (CFA) certification since 2011.
Derwin Wirawan
Liryawati
Director
Liryawati is currently a Director of the Company since 2024. Concurrently, she is the Corporate Secretary since June 2022.
With 29 years of invaluable experience in both multinational and Indonesia’s leading companies, she has held several key positions prior to joining the Company, including the Chief Marketing Officer and Investor Relations Director of PT Link Net Tbk and PT Internux (2013 – 2018). Additionally, she also took the role of Corporate Marketing & Retail Director at PT Samsung Electronics Indonesia (2011–2013), VP New Revenue Streams of PT APL A Zuellig Pharma Company (2010 – 2011), Portfolio Marketing Manager, General Manager BPW (Joint Venture Coca-Cola & Nestle) for PT Coca Cola Indonesia (2005 – 2010), and Brand & Marketing Services Manager, Head Modern Channels and Trade Marketing Regional Headquarter Hongkong for PT Phillip Morris Indonesia (1998 – 2004).
An Indonesian citizen, born in 1975, domiciled in Jakarta, Indonesia. Liryawati earned her Bachelor of Science in Communication (with a Minor in Business) from the University of Texas, Austin, USA.
Liryawati
Varun Talukdar
Director
Varun Talukdar is currently a Director of the Company. Concurrently, he serves as a Principal at General Atlantic, and invests in consumer and healthcare businesses in the India and South Asia region, and is based in Mumbai, India. Mr. Talukdar joined General Atlantic in 2013. Prior to General Atlantic, Mr. Talukdar worked in several principal investing roles in India and the United States.
An Indian citizen, born in 1984. He obtained his Bachelor of Science degree in Business Administration, Concentration in Finance with Highest Distinction and Highest Honors from University of North Carolina at Chapel Hill, Chapel Hill, NC, in 2006.
Varun Talukdar
Ratih Darmawan Gianda
Director
Ratih Darmawan Gianda has served as the Company’s Director since 2020. Concurrently, she is the Vice President Group Investor Relations, Corporate Communication, and Sustainability of MAP Group. She previously served as the Corporate Secretary of PT Map Aktif Adiperkasa Tbk in 2018 – 2020, Country Head of Samsonite Indonesia, JV Partner of PT Mitra Adiperkasa Tbk (MAPI) in 2008 – 2018, Group Head of Investor Relations at MAPI in 2005 – 2008, General Manager of Golf Division at MAP in 2000 – 2005 and Division Manager of Golf Division at MAPI in 1992 – 2000.
An Indonesian citizen, born in 1966. Ratih Darmawan Gianda obtained her Bachelor of Business Administration degree from Monash University, Australia in 1991.
Ratih Darmawan Gianda
AUDIT COMMITTEE
The Audit Committee functions to support the Board of Commissioners in performing its oversight duties in accordance with prevailing requirements of OJK Regulation No. 55/POJK.04/2015, 29 November 2015, regarding the Establishment and Guidelines for the Work of Audit Committees, and the Indonesia Stock Exchange – pertaining to the integrity of financial report, risk management and internal control; compliance with legal and regulatory requirements; the external auditor’s performance, qualifications and independence; and the performance of the internal audit function. The Audit Committee, however, functioned independently.
Members of the Company’s Audit Committee are elected by the Board of Commissioners. One of the members is the Company’s Independent Commissioner who reports directly to the Board of Commissioners. All members of Audit Committee intensively attend meetings which are scheduled every quarter (4 times a year) to review the effectiveness of internal audit functions, evaluate the effectiveness of audit implementation by external auditor, review all financial statement, and evaluate effectiveness of internal control.
In 2019, the Audit Committee members were:
Mr. GBPH H. Prabukusumo, S.Psi (Chairman)
Born on 27 December 1954. He earned his Bachelor’s Degree in Psychology from Universitas Gajah Mada, Yogyakarta in 1996. He has served as Independent Commissioner of the Company since June 2009.
Mr. Riono Trisongko (Member)
Born on 15 July 1959. He earned his Diploma in Accountancy in 1988 from Sekolah Tinggi Akuntansi Negara. He has served as a member of Audit Committee of the Company since 2017.
Mr. Wahyu Septiana (Member)
Born on 11 September 1960. He earned his Diploma in Accountancy in 1988 from Sekolah Tinggi Akuntansi Negara. He has served as member of Audit Committee of the Company since 2018.

During 2019 the Audit Committee has carried out their functions and responsibilities pursuant to the Audit Committee Charter.
Appointment of Chairman and Members of the Audit Committee was based on Resolution of Board of Commissioners’ meeting on 22 October 2018. The Audit Committee’s term of duty for this period will end at the closing of the 2020 AGMS. In 2019, the Audit Committee did not participate in any competency enhancement program.
Corporate Secretary PT Map Boga Adiperkasa Tbk
LiryawatiAn Indonesian citizen, born in 1975 (46 years old). Ms. Liryawati acquired her Bachelor of Science in Communication Degree from University of Texas, Austin, USA, in 1994.Currently she serves as the Chief Marketing Officer of PT Sari Coffee Indonesia (Starbucks) since 2019. Prior to joining the Company, she held a variety of executive leadership roles, including Chief Marketing Officer of Telco and Media at PT Link Net Tbk (First Media) and PT Internux from 2013 – 2018, as well as Investor Relations from mid 2015 – 2017. She was the Corporate Marketing Director of PT Samsung Electronics Indonesia from 2011 – 2013, Vice President New Revenue Streams (Business Development) of Zuellig Pharmaceutical Company from 2010 – 2011, and held leading roles in Coca-Cola Indonesia and Phillip Morris International, among others.
Structure and Membership
G.B.P.H. H. Prabukusumo, S.Psi (Chairman)
Indonesian citizen, born in 1954. He earned his Bachelor’s Degree in Psychology from Universitas Gajah Mada, Yogyakarta in 1996. He has served as Chairman of the Nomination & Remuneration Committee of the Company since 2018.

Johanes Ridwan (Member)
Indonesian citizen, born in 1965. He earned his Bachelor’s Degree in Law from University of Indonesia, in 1990. He has served as a member of the Nomination & Remuneration Committee of the Company since 2019.

Kiswati (Member)
An Indonesian citizen, born in 1977. Ms. Eva Indonesian citizen, born in 1965. Prior to joining MAP, Ms. Kiswati held key positions in other companies, including PT Sulindafin and PT Tolino. She earned her Bachelor Degree from (STIE). She has served as a member of the Nomination & Remuneration Committee of the Company since 2018.

Appointment of Chairman and Members of the Nomination & Remuneration Committee was based on the Board of Commissioners’ Decree No. Kep-Kom-001/MAP/III/2017 dated 16 March 2017. The Committee’s term of duty for this period will end at the closing of the 2020 AGMS. In 2019, the Nomination & Remuneration Committee did not participate in any competency enhancement program.
Nicholas Oktavius Budiman
Indonesian citizen, born in 1985, Nicholas is currently an Internal Auditor for MBA. Prior to joining MBA in 2019, he was a Junior Auditor for Deloitte Indonesia (2010 – 2012), Senior Auditor for KPMG Indonesia (2012 – 2014), and Branch Operation Control & Risk Management Analyst for PT Astra International Tbk Daihatsu Sales Operation (2014 – 2019). He is a Certified Risk Management Professional (CRMP) by the Risk Management Professional Certification Institute. Appointment of the Internal Audit Unit was based on Directors’ Decision Letter no. 001/SK-DIR/MBA/III/2021, dated March 23rd, 2021. His appointment as Chairman of the Internal Audit Unit was based on his academic background and professional experiences in related fields.

Subsidiaries

Percentage of Shares, Line of Business, Company’s Status and Domicile

NO Company Name Direct Ownership Indirect Ownership Status
1 PT Sari Coffee Indonesia 99.99% Operating
2 PT Sari Pizza Indonesia 99.99% Operating
3 PT Sari IceCream Indonesia 99.99% Operating
4 PT Premier Doughnut Indonesia 99.99% Operating
5 PT Agung Mandiri Lestari 99.99% Operating
6 PT Sari Food Lestari 99.99% Operating
7 PT Sari Sandwich Indonesia 99.99% Operating
as per 31 December 2022

All subsidiaries are domiciled in Jakarta.