The university was founded in 1966, following the merger of the old Pancasila University (founded in 1963) and Bung Karno University. The university has produced in excess of 50,000 alumni, with an annual graduating class of over 1,500.
History
The university was declared on 28 October 1966, following the merger of the older Pancasila University which was itself founded in 1963 and the Bung Karno University which was founded in 1964[1] (not to be mistaken with another identically named university founded in 1999), partially due to the pressure from the Suharto government against symbolism of the former president.[2][3]Amir Murtono acted as the first rector of the university until 1978.[4]
In 1985, it received a grant from the Indonesian Ministry of Education and Culture in form of 10,160 square meters of land in Menteng, Central Jakarta, and later on the university moved its undergraduate location to its newly constructed faculty of economics building in Jagakarsa on 1988.[3]
On 2015, the university put forth a proposal to nationalize the university, claiming that they were willing to hand over Rp 40 trillion (USD 3 billion) in assets to the government.[5][6] However, the proposal fell out with the provost citing the lack of land in the university's possession as a primary cause.[7] During the 50th anniversary of the university in 2016, 1,711 scholars graduated from the university, which had a total of 13,000 active students and over 52,000 alumni.[8]