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Caption: Theodore Rachmat Biography
Caption: Theodore Rachmat's name is famous as a top entrepreneur from Indonesia. His name is included in the top ranks in the list of richest people in Indonesia.
Theodore Rachmat is one of the main entrepreneurs or business people who build their business from scratch. Has been one of the best CEOs and the most successful entrepreneurs
Caption: Regarding his biography and profile, his full name is Theodore Permadi Rachmat. He is a Chinese businessman with the real name Oei Giok Eng. He was born in Majalengka on December 15, 1943. His father's name was Raphael Adi Rachmat and his mother's name was Agustine.
Caption: He is familiarly called by the name Teddy Rachmat. Although born in Majalengka, Theodore Rachmat spent his childhood and school in the city of Bandung.
His father worked as a trader to expand his business in Bandung so he brought Teddy along with his mother and brother to move there.
Born into a well-off family, Teddy or Theodore Rachmat started their education in the Indonesian elementary school in the Netherlands, where most of their students came from having a decent economic life.
Caption: He liked many lessons and often read books relating to business economics, philosophy, religion and law. Although he is known to play around a lot, he is still ranked in the top 10 in his class.
Graduating from high school, Theodore Rachmat then continued his education at the Bandung Institute of Technology (ITB) majoring in Mechanical Engineering. He graduated in 1968 and became one of the fastest graduates in his department.
Caption: After graduating from ITB, that same year, Teddy worked at PT Astra, owned by his uncle William Soeryadjaya. Although his uncle is the number one person at PT Astra, Theodore Rachmat started his career from zero, namely as PT Astra sales.When it joined, PT Astra was just beginning to develop and was still very small. At that time the Astra office was a garage on Juanda III street No. 11.Astra employees at that time still numbered 16 people including Theodore Rachmat. Here he helped his uncle in developing Astra's subsidiary at the time.Theodore Rachmat founded a construction company called PT Porta Nigra together with his brother in 1970. And then an internship in a Dutch company called Gevehe B.
Caption: After his apprenticeship, Teddy then became a sales of heavy equipment at Allis Chalmers Astra and managed United Tractors, a subsidiary of PT Astra in 1972 with a capital of $ 500,000.
In the same year, his good performance made Teddy appointed as director of PT Astra Honda Motor. This is where later the career of a Theodore Rachmat began to climb.
Caption: His good management ability made him appointed as President Director of PT Astra Internasional in 1984 until he became CEO of the Astra International Group. Under the control of Theodore Rachmat, the Astra Group has turned into a conglomerate company with hundreds of subsidiaries that are working in various business sectors.
The Astra Group's business growth under his leadership is rapidly increasing. Theodore Rachmat's managerial ability deserves thumbs up.
Caption: Teddy believes that Human Resources is the most important capital in producing top new leaders in the Astra group accompanied by building a good culture in the company. So naturally he was awarded as the best CEO in Indonesia by SWA magazine.
Caption: Since then, Theodore Rachmat started to establish one by one his own company thanks to the capital provided by his uncle. Teddy founded the Parent company with his wife Like Rani Imanto under the name PT Tripel A Jaya in 1979.
Armed with reliable management capabilities, the company grew rapidly with a variety of business units. The business model undertaken by Theodore Rachmat is to establish a Parent and Personal company.
Caption: The Parent Company he founded such as PT Tripel A Jaya represented the ownership of his business in the Astra group. While for personal, that is as a form of their investment.
One of the decisions regretted by Theodore Rachmat in his business trip was not to buy Astra when the company was hit by a monetary crisis in 1998.
Even so, Theodore Rachmat founded Adira and later he sold it to Bank Danamon as additional capital in building his business group.