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Backgrounds

The Para Group was established by Chairul Tanjung, an indigenous businessman. Tanjung

graduated from the school of dentistry of the University of Indonesia. He started business with

his friends with a flagship of the Para Group building a factory producing children's shoes for

export. The business started with a capital of Rp150 million in loans from Bank Exim, which latermerged with other state banks to form a new bank Bank Mandiri, the country's largest lender.

Chairul Tanjung is categorized as a fast rising businessman. The business of the Para Group is

flourishing. The company has recorded a leapfrogging growth when the country's economy was

in a devastated condition. The first big stride was when Tanjung acquired Mega Bank in 1996.

The Para Group then renamed it Bank Mega. Under the new management, the small ailing bank

formerly owned by the defunct state bank Bapindo grew to become a healthy bank, now ranks

among the country's major banks.

Later the Para Group expanded its business wing to the property sector building shopping

center Bandung Super Mall (BSM). Currently Bank Mega has become the main financial pillar to

support the business of the Para Group. Two other pillars are Trans TV and Bandung Super

Mall.

The Para Group has three holding companies First, Sub holding Mega Global Finance (MGF)

groups companies operating in financial services including Bank Mega, Bank Syariah Mega

Indonesia, Mega Insurance, Mega Life, Para Financing, and Mega Capital Indonesia; second,

Trans Corpora. Grouping companies operating in mass media, lifestyle and entertainment

industries including Trans TV, Trans-7, Trans Coffee, Trans Lifestyle, PT. Bara Bali, PT.

Mahagaya and property companies including Bandung Supermal, PT. Batam Indah Investindo,

and PT. Mega Indah Investindo. Now in the process of establishment is Trans Studio Makassar;and third, CT Global Resources grouping companies operating in energy, mining &

infrastructure sectors.

Previously the holding company of the group was PT Para Inti Holtindo, but later the holding

company was renamed in 2008 Chairul Tanjung Corporation (CT Corp).

The Forbes Magazine of September 2006 placed Chairul Tanjung among 40 richest

Indonesians. In this list he is the 18th with a total assets of US$ 310 million or more than

Rp28.21 trillion (US$ = Rp9, 100).

Financial service

The financial service business of the Para Group is under Mega Global Finance which groups 8

companies operating in banking, multifinance, insurance and investment business.

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In 1996, the Para Group through its subsidiary. PT. Para Global Investindo and PT. Para Rekan

Investama took over PT. Mega Bank. Previously the bank was named PT. Bank Karman

established in 1969 in Surabaya, but in 1992 it was renamed PT. Mega Bank