Surabaya, October 15, 2026 — PT Avia Avian Tbk (Avian Brands) has once again earned recognition across the Asia-Pacific region through its inclusion in Forbes Asia’s “200 Best Under A Billion 2026” list. This achievement recognizes Avian Brands’ consistent track record of delivering strong and sustainable business performance, following its first inclusion in the list in 2024. Its renewed inclusion also demonstrates the Company’s ability to maintain its competitiveness amid evolving industry and economic conditions.
Returning to Forbes Asia’s Prestigious List
Forbes Asia’s “Best Under A Billion 2026” highlights 200 top-performing publicly listed companies in the Asia-Pacific region with annual sales exceeding US$10 million and below US$1 billion. This year, the 200 companies were selected from more than 19,000 publicly listed companies based on a range of indicators, including debt levels, sales and earnings-per-share growth over one- and three-year periods, and average return on equity over one- and five-year periods. Forbes also applies qualitative assessments covering governance, accounting practices, environmental issues, management, and legal matters. The list is unranked, with the selected companies representing a group of businesses with strong performance track records across the Asia-Pacific region.
Maintaining Consistent Performance Amid Market Challenges
Avian Brands’ achievement is particularly meaningful as businesses across the Asia-Pacific region continue to face challenges ranging from geopolitical tensions to energy market volatility. Under these conditions, a company’s ability to sustain growth depends not only on its scale but also on strong fundamentals, adaptability to market changes, and responsiveness to consumer needs. Forbes notes that the companies featured in this year’s list have demonstrated both strong financial performance and resilience amid these challenges.
For Avian Brands, this consistency is supported by its integrated business model, manufacturing capabilities, nationwide distribution network, and deep understanding of the Indonesian market. With more than four decades of experience in the paint and waterproofing coatings industry, the Company continues to strengthen its presence by developing products and services that address diverse customer needs, from households to construction projects and professional users.
Strengthening Competitiveness Through Innovation
Innovation remains central to maintaining Avian Brands’ relevance as market needs evolve. Through the ongoing development of its portfolio, the Company provides solutions across various categories, including wall paints, wood and metal paints, waterproofing coatings, and other complementary building products. Its research and development capabilities also enable Avian Brands to introduce products for increasingly specific applications, with continued attention to quality, durability, ease of use, and sustainability.
Alongside product development, Avian Brands continues to strengthen relationships with consumers and partners through its extensive distribution network and a range of educational and engagement initiatives. The synergy between innovation, product quality, distribution, and consumer insight form an integral part of the Company’s strategy to sustain growth and strengthen its competitiveness in Indonesia’s paint and waterproofing coatings industry.
Conclusion
PT Avia Avian Tbk’s (Avian Brands) renewed inclusion in Forbes Asia’s “200 Best Under A Billion 2026” list underscores the Company’s consistent performance and competitiveness amid industry developments and changing economic conditions. This achievement further reinforces Avian Brands’ position as a leading player in Indonesia’s paint and coatings industry and reflects its commitment to continued growth through innovation, product quality, and a strong understanding of consumer needs.
This recognition provides further motivation for Avian Brands to pursue future opportunities and address the challenges ahead. The Company will continue to advance innovation, enhance the quality of its products and services, and deliver value to consumers and all stakeholders in Indonesia and beyond.
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PT Avia Avian Tbk at a Glance
PT Avia Avian Tbk was founded in 1978 as an integrated paint manufacturing company. Known as Avian Brands. For more than 4 decades, Avian Brands has colored the lives of millions of Indonesian families, through a variety of products including Sunguard All in One, Supersilk Anti Noda and Avitex in wall paints, No Drop waterproofing paint, and Avian wood & metal paint.
Listed on the Indonesia Stock Exchange (IDX) on December 8, 2021, with stock code (IDX: AVIA), AVIA is the largest decorative paint manufacturer and the market leader in the decorative paint and coating industry in Indonesia, based on the survey conducted by Frost & Sullivan.
Currently, AVIA has ~26% market share in the decorative paint and coating industry in Indonesia. AVIA has strong manufacturing capacity and capabilities through its manufacturing facilities in Sidoarjo and Serang, as well as vertical integration capability which enables AVIA to produce some of its raw materials internally.
AVIA’s sales are divided into the architectural solutions and trading goods segments. The architectural solutions contributed ~80% of sales, and the trading goods segment contributed ~20% of sales.
Since 2020, Avian Brands is equipped with the first research, development, and innovation center in Indonesia, the Avian Innovation Center (AIC), covering an area of 5,000 square meters.
As a manifestation of Avian Brands' commitment to environmental management, occupational health and safety, and GCG (Good Corporate Governance) in accordance with international standards, Avian Brands has successfully obtained and implemented ISO 9001:2015 (Quality Management System), ISO 14001:2015 (Environmental Management System), ISO 45001:2018 (Occupational Health and Safety Management System), ISO 50001:2018 (Energy Management System), and ISO 27001:2022 (Information Security Management System).
The presence of Avian Brands aims to provide leading benefits and contribute to creating a more colorful Indonesia.
