History of the IAF Multi Finance
PT. ITC Auto Multi Finance, known also by the IAF Multi Finance is a finance company who take shelter in the ITOCHU Group, which was originally named PT. ITC Multi Adira Finance. since October 3, 2002 which is the result of the acquisition of PT. Alfi Kurnia Prime Finance with a change of ownership of shares 100% by ITOCHU Group on May 12, 2005. The company was founded with an initial capital of Rp. 100 000 000 000, – (100,000 shares with a value per share of Rp 1.000.000, -) with ownership of 85% of shares currently held by ITOCHU Corporation (Japan) and 15% by PT. ITOCHU Indonesia. IAF Multi Finance is currently engaged in the business of Consumer Finance, Leasing and Factoring with priority on new cars Isuzu vehicles and heavy equipment HITACHI than used car financing.
The history of ITOCHU Corporation
ITOCHU Corporation began when in 1858, Chubei Itoh, as the founder of the company started operating the linen trade. Since then, ITOCHU has evolved and grown over more than 150 years. With approximately 150 companies spread across 74 countries, ITOCHU as one of the leading firms have been struggling in domestic trade, import / export, and also trade in various products to foreign countries such as: textiles, machinery, information technology and communications, aerospace (science and technology and related industries, rockets and other aircraft), electronics, energy, metals, minerals, chemicals, forest products, general merchandise, food, finance, real estate, insurance, and logistics services, as business investment in Japan and abroad.