CT Corp (formerly known as Para Group) is one of Indonesia's largest diversified conglomerates. The group was founded by Chairul Tanjung in 1987. CT Corp operates consumer-centric businesses nationwide across four key industries: financial services, media and entertainment, retail, as well as property.
History
Early history
CT Corp started out as a small children's shoes export business with a capital of Rp 150 million, which Chairul Tanjung obtained from Bank Exim.
Financial services
In 1996, CT Corp acquired Mega Bank and changed its name to Bank Mega. CT Corp also took over Bank Tugu and changed its name to Bank Mega Syariah.
On 28 March 2001, Bank Mega listed in the Indonesia Stock Exchange for Rp. 1,125 per share. Since then, Bank Mega has continued to be CT Corp's largest cash flow generator.
CT Corp's financial services arm continues to grow. It launched one of Indonesia's largest digital banks, Allo Bank (IDX: BBHI) on 20 May 2022.