The Company’s long history began in Medan in 1929 with the establishment of NV Nederlandsch-Indische Bierbrouwerijen. The first brewery was located in Surabaya and officially began commercial operations on 21 November 1931. In 1936, the Company relocated its domicile from Medan to Surabaya, Heineken became the major shareholder of the Company and the Company’s name was changed to N.V. Heineken's Nederlandsch-Indische Bierbrouweerijen Maatschappij. In 1951, the the name of the Company changed again, to Heineken's Indonesische Bierbrouwerijen Maatschappij NV.

In 1957 the Indonesian Government appropriated the brewery, and retained control for the next ten years. In 1967 Heineken resumed operations of the brewery, which was later renamed "Multi Bintang Indonesia". In 1972 the brewery in Tangerang, West Java was built. In 2014, Multi Bintang passed another milestone by building a new state-of-the-art plant for non-alcoholic beverages in Sampangagung, East Java.