is a registered public appraisers duly established under the laws of the Republic of Indonesia, which holds a license for Certified Public Appraisers No. 2.11.0094, as required by The Minister of Finance Decree No. KEP-1133/KM.1/2011, for all area in Indonesia.
Due to Republic of Indonesia government regulation, the all valuation services in Indonesia should be conducted by local registered public appraisers. We offer business and property valuation services and for the International clients, we are affiliated to![]()
Persekutuan Ruky & Rekan
Established on July 6, 1999 as Persekutuan Ruky & Rekan.
Truscel Capital
Renamed to Truscel Capital on June 19, 2002.
Persekutuan Ruky, Sridhar & Rekan
Renamed to Persekutuan Ruky, Sridhar & Rekan, publicly known as Truscel Capital, on July 15, 2003.
Rebranded as KJPP Rao, Yuhal & Rekan on September 19, 2011.
OUR VISION
To be a market leader in business and property valuation services in Indonesia
OUR MISSION
To provide the business and property company with professionally prepared independent valuation and advisory services
Excellence in Service
We are committed to delivering the highest level of quality and service to our clients.
Professional Integrity
Our appraisers uphold trust, credibility, independence, and integrity in every engagement.

Continuous Competence
We maintain both mandatory and voluntary continuing education to ensure professional excellence.
Regulatory Compliance
All appraisal reports comply with Indonesian Valuation Standards (SPI), Financial Services Authority (OJK) regulations, and the Indonesian Appraisal Code of Conduct (KEPI).