Who owns Tolak Angin?
Tolak Angin is owned by Sido Muncul (Indonesia, IDX: SIDO).[1]
This ownership is reported in official statements but has not yet been matched to a regulatory filing.
Evidence: Sido Muncul — Our History, PT Industri Jamu dan Farmasi Sido Muncul Tbk. Last checked .
Key facts
- Current owner
- PT Industri Jamu dan Farmasi Sido Muncul Tbk reported
- Owner HQ
- 🇮🇩 Indonesia
- Origin
- 🇮🇩 Indonesia
- Founded
- 1940 by Rakhmat Sulistio
- Category
- Consumer health › Over-the-counter medicine › Cold
- Parent ticker
- IDX: SIDO
- Last verified
- · 2 sources
About Tolak Angin
Tolak Angin is a liquid herbal remedy for masuk angin, the Indonesian name for a cluster of chills, bloating, nausea and tiredness. Rakhmat Sulistio began formulating it in 1930 and it went on sale as a hot herbal drink in 1940. Today it comes in 15 ml sachets blending twelve herbs, among them ginger, mint, fennel and ules wood, with honey, plus children's, flu and sugar-free versions, soft capsules and sweets.
Ownership timeline of Tolak Angin
- Current owner Sido Muncul [1] reported
Where Tolak Angin sits in Sido Muncul
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Open the full Sido Muncul ownership tree →
See the full Sido Muncul brand portfolio (5) →
Other brands owned by Sido Muncul
Sido Muncul controls 5 brands on Brandtree, 3 of them in consumer health.
Also in consumer health
Other brands in cold, and who owns them
The 36 brands in cold on Brandtree belong to 21 owners. The largest is Krka, with 5.
| Brand | Owner | Owner based in |
|---|---|---|
| Herbion | Krka | 🇸🇮 Slovenia |
| Breathe Right | Prestige Consumer Healthcare | 🇺🇸 United States |
| Lemsip | Reckitt | 🇬🇧 United Kingdom |
| Covonia | STADA | 🇩🇪 Germany |
| Dimestil | Birzeit Pharmaceutical | 🇵🇸 Palestine |
| HealthCareAisle | Dr. Reddy's | 🇮🇳 India |
| Tukol | Genomma Lab | 🇲🇽 Mexico |
| Benadryl | Kenvue | 🇺🇸 United States |
About the owner: Sido Muncul
Sido Muncul is a publicly listed company headquartered in Indonesia, founded in 1951. Brandtree records 5 brands under its control, and it is listed as IDX: SIDO.
Sido Muncul makes jamu, Indonesia's traditional herbal medicine, in plants certified to the country's good manufacturing practice standards for both traditional medicines and pharmaceuticals. Its roots are in 1930, when Rakhmat Sulistio began formulating the remedy that became Tolak Angin; she and her husband Siem Thiam Hie opened the jamu business called Sido Muncul, meaning "wish come true", in Semarang in 1951. It listed on the Indonesia Stock Exchange on 18 December 2013. The company says it has more than 4,000 employees and more than 300 products, bought the pharmaceutical maker Berlico Mulia Farma on 1 September 2014, and set up Muncul Nigeria Limited in January 2018.
🇮🇩 Tolak Angin and other Indonesian brands
Brandtree records a controlling owner for 161 brands that began in Indonesia. 7 of them (4%) are now controlled by a company headquartered in another country; Tolak Angin is not one of them.
Frequently asked questions
Who is the parent company of Tolak Angin?
The parent company of Tolak Angin is Sido Muncul, a publicly listed company headquartered in Indonesia.
Is Tolak Angin Indonesian?
Yes. Tolak Angin originated in Indonesia in 1940 and its owner, Sido Muncul, is also headquartered in Indonesia.
Is Tolak Angin still owned by Sido Muncul?
Yes. As of 16 September 2026, Tolak Angin is still owned by Sido Muncul. The ownership record was last checked against primary sources on that date.
Sources (2) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Sido Muncul — Our History — PT Industri Jamu dan Farmasi Sido Muncul Tbk, Official document; retrieved 16 September 2026.
- [2] Sido Muncul — Tolak Angin — PT Industri Jamu dan Farmasi Sido Muncul Tbk, Official document; retrieved 16 September 2026.
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