After becoming an activist during the transition to the New Order era, in the late 1960s he became an entrepreneur. In 1969, he founded PT Kwarta Daya Pratama and joined PT Krama Yudha four years later. In 1978, he co-established Kodel (Kongsi Delapan) Group with Soegeng Saryadi, Aburizal Bakrie, Pontjo Sutowo, and Said Umar Husin, and became president director. The group continuously expanded its business into wide ranging sectors, such as insurance, chemicals, agribusiness, banking, real estate, and hotels. The groups own the Regent Hotel (now Four Seasons Hotel) and Hotel Ibis Tamarin (both in Jakarta) and the sole agent of Land Rover in Indonesia.Ayako Masuhara, The End of Personal Rule in Indonesia: Golkar and the Transformation of the Suharto Regime, 2015
