PT Industri Jamu dan Farmasi Sido Muncul Tbk, commonly known as Sido Muncul, is an Indonesian

herbal medicine Herbal medicine (also herbalism) is the study of pharmacognosy and the use of medicinal plants, which are a basis of traditional medicine. With worldwide research into pharmacology, some herbal medicines have been translated into modern remed ...

and food products company based in

Semarang Semarang ( jv, ꦏꦸꦛꦯꦼꦩꦫꦁ , Pegon: سماراڠ) is the capital and largest city of Central Java province in Indonesia. It was a major port during the Dutch colonial era, and is still an important regional center and port today. ...

, Indonesia, established in 1940. It produces and markets a variety of consumer products related to herbal medication, such as the

jamu Jamu ( Van Ophuijsen Spelling: Djamoe; Javanese: ) is a traditional medicine from Indonesia. It is predominantly a herbal medicine made from natural materials, such as roots, bark, flowers, seeds, leaves and fruits. Materials acquired from a ...

Tolak Angin Tolak Angin is a herbal supplement product produced in Indonesia by Sido Muncul. Sold as a syrup packaged in yellow sachets, it is one of the most popular brands in Indonesia. Product The product contains, as ingredients, ginger, wild mint, fenne ...

History

The company was founded in 1940 as a

home business A home business or home-based business (HBB) is a small business that operates from the business owner's home office. In addition to location, home businesses are usually defined by having a very small number of employees, usually all immediate f ...

Surakarta Surakarta ( jv, ꦯꦸꦫꦏꦂꦠ), known colloquially as Solo ( jv, ꦱꦭ; ), is a city in Central Java, Indonesia. The 44 km2 (16.2 sq mi) city adjoins Karanganyar Regency and Boyolali Regency to the north, Karanganyar Regency and Sukoh ...

. Its founder, Rakhmat Sulistio, had formulated a recipe for a

, which she called "Tujuh Angin" (Seven Winds), later known as

. Due to the

Indonesian National Revolution The Indonesian National Revolution, or the Indonesian War of Independence, was an armed conflict and diplomatic struggle between the Republic of Indonesia and the Dutch Empire and an internal social revolution during Aftermath of WWII, postw ...

, she moved to

, where in 1951 she established production for the jamu in a house and later in a factory by 1953. It was in 1951 when the name "Sido Muncul" was adopted, and the product changed from liquid to powdered jamu. The firm was registered as a CV in 1970, and as a limited liability company (PT) in 1975. In 1992, its primary product Tolak Angin began to be sold in sachets as a liquid, its current form. Sido Muncul launched a secondary line of energy drink products under the brand in 2004, at a time when the company was undergoing financial difficulties. Other lines of products outside of Tolak Angin were later launched, including candies, health drinks, and instant coffee. The company went public through an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

at the

Indonesian Stock Exchange Indonesia Stock Exchange (IDX) ( id, Bursa Efek Indonesia, formerly nl, Vereniging voor de Effectenhandel) is a stock exchange based in Jakarta, Indonesia. It was previously known as the Jakarta Stock Exchange (JSX) before its name changed in ...

on 18 December 2013, becoming the first herbal medicine company to list there. Six months after the IPO, the original founder's family held 81 percent of the company's shares. Sido Muncul acquired

Yogyakarta Yogyakarta (; jv, ꦔꦪꦺꦴꦒꦾꦏꦂꦠ ; pey, Jogjakarta) is the capital city of Special Region of Yogyakarta in Indonesia, in the south-central part of the island of Java. As the only Indonesian royal city still ruled by a monarchy, ...

-based PT Berlico Mulia Farma, a pharmaceutical company which manufactured cough syrup, indigestion pills, and vitamins, in mid-2014, for Rp 125 billion. Sido Muncul's brands were then given to Berlico's products.

References

External links

* {{Official website, https://www.sidomuncul.co.id/ 1940 establishments in the Dutch East Indies 2013 initial public offerings Companies based in Semarang Health care companies established in 1940 Health care companies of Indonesia Pharmaceutical companies established in 1940 Pharmaceutical companies of Indonesia Companies listed on the Indonesia Stock Exchange