Looking Ahead, Secure Parking Prepares Financial Governance for IPO Opportunity

Jakarta — The parking management company PT Securindo Packatama Indonesia (Secure Parking) has prepared its corporate governance and administrative procedures in accordance with public company standards, despite not yet having a specific timeline for listing on the stock exchange through an initial public offering (IPO).

Secure Parking’s President Director Rustam Rachmat stated that this step was taken as part of strengthening the company’s corporate governance. “There is no specific IPO target. However, as a company we are already undertaking administrative preparations to ensure compliance,” Rachmat said in a discussion with Kompas.com on Monday (9 March 2026). “We are doing all of this because there is no downside to it,” he added.

Rachmat explained that these preparations do not necessarily mean the company will immediately pursue an IPO. However, the step is considered important to provide the company with flexibility in making strategic decisions in the future.

Rachmat also emphasised that the company’s performance has remained positive. Profitability is one of the key factors in maintaining business sustainability, particularly given that Secure Parking employs a large workforce. “It is important that the company remains profitable. If it is not profitable, it would be unfortunate because tens of thousands of people depend on this company,” he said.

He added that healthy financial conditions are also a key requirement for companies seeking to list on the stock exchange.

Currently, Secure Parking manages approximately 1,700 parking locations across various cities throughout Indonesia, with a workforce of approximately 10,000 to 11,000 employees.