Starting from an individual store selling clothes at Duta Merlin, Central Jakarta in 1987. RIMO was inaugurated as a company engaged in Retail.
The first outlet opened after the company was officially established located at Gajah Mada Plaza 3rd floor, Central Jakarta, then continued with opening of outlets in Pasar Baru and Blok M Plaza. The first outlet outside Jakarta was in Surabaya open at Tunjungan Plaza Surabaya.
Then on November 10, 2000, RIMO became a Public Company by listing its shares on the Jakarta Stock Exchange.
On July 21, 2014 with the Deed No. 70 The Company changed its name from PT RIMO CATUR LESTARI Tbk to PT RIMO INTERNATIONAL LESTARI Tbk and obtained approval from the Minister of Justice and Human Rights of Republic of Indonesia No. AHU-064184.108.40.2064 dated August 11, 2014.
On February 3, 2017 Deed No. 02 the Company was approved by the Minister of Law and Human Rights Republic of Indonesia No. AHU-003228.AH.01.02. Tahun 2017 there was an increase in Authorized Capital and Paid-up Capital through Rights Issue I :
From Rp 240.000.000.000,- to Rp 16.240.000.000.000,-
From Rp 60.000.000.000,- to Rp 4.144.600.000.000,-
In March 2017 RIMO underwent a major business transformation to become a Real Estate Investment Company by acquiring PT Hokindo Property Investama (Integrated Property Developer with 10 Subsidiaries) by issuing 40.596.000.000 new shares with par value of Rp 100/share.