Lohia family

Last updated

The Lohia family is a business family of Indian origin, doing business in the textile and petrochemicals industries under the umbrella corporate name Indorama. They own Indonesia/Singapore-based Indorama Corporation and Thailand-based Indorama Ventures, and were ranked by Forbes as the 29th richest family in Asia in 2017. [1]

The family progenitor is Mohan Lal Lohia, who migrated to Indonesia in 1973, where he established Indorama Synthetics with his son Sri Prakash in 1975. Sri Prakash's younger brother Aloke moved to Thailand and established Indorama Ventures in 1994. Indorama Corporation was established in Singapore in 2009 as a holding company for Sri Prakash's side of the business, and is managed by his son Amit. Mohan Lal's oldest son, Om Prakash, runs Indo Rama Synthetics in India, which is owned independently from the two international corporate groups. The family also has ties to Lakshmi Mittal, whose sister Seema is married to Sri Prakash. [2] [3] [4] Aarti Lohia, the philanthropist, and art collector, is the daughter-in-law of SP Lohia and is married to his son, Amit Lohia.

Related Research Articles

<span class="mw-page-title-main">Lakshmi Mittal</span> Indian steel magnate

Lakshmi Niwas Mittal is Indian steel magnate, based in the United Kingdom. He is the executive chairman of ArcelorMittal, the world's second largest steelmaking company, as well as chairman of stainless steel manufacturer Aperam. Mittal owns 38% of ArcelorMittal and holds a 3% stake in EFL Championship side Queens Park Rangers.

<span class="mw-page-title-main">Maybank</span> Malaysian bank

Malayan Banking Berhad is a Malaysian universal bank, with key operating "home markets" of Malaysia, Singapore, and Indonesia. According to the 2020 Brand Finance report, Maybank is Malaysia's most valuable bank brand, the fourth-top brand amongst the Asean countries and ranked 70th among the world’s most valuable bank brands.

Sudono Salim was an Indonesian banker and businessman. He was the richest individual in Indonesia. He was the founder and chairman of the conglomerate Salim Group before handing over its management to his youngest son Anthoni Salim in 1992.

<span class="mw-page-title-main">Tony Fernandes</span> Malaysian entrepreneur (born 1964)

Anthony Francis Fernandes is a Malaysian entrepreneur. He is the founder of Tune Air Sdn. Bhd., which took over the first Malaysian budget airline, AirAsia. Fernandes turned AirAsia, a failing government-linked commercial airline, into a highly successful budget airline public-listed company. He has since founded the Tune Group of companies. He is the owner of Caterham Group, the parent company of British car manufacturer Caterham Cars. Until July 2023, he was the majority shareholder of Queens Park Rangers Football Club.

<span class="mw-page-title-main">Charoen Pokphand</span> Largest private company in Thailand

The Charoen Pokphand Group Company, Ltd. (CP) is a Thai conglomerate based in Bangkok. It is Thailand's largest private company and the largest privately held Royal Warrant holder of the Thai Royal Family. The company describes itself as having eight business lines covering 13 business groups. As of 2020, the group has investments in 21 countries.

<span class="mw-page-title-main">Dunlop Tyres</span> International tyre brand

Dunlop Tyres is a brand of tyres which is managed by different companies around the world. It was founded by pneumatic tyre pioneer John Boyd Dunlop in Belfast, Ireland, in 1888.

Karsanbhai Khodidas Patel is an Indian billionaire businessman, industrialist and founder of the Nirma group a company with major business interests in cement, detergents, soaps and cosmetics. As of 2021, Forbes has listed his net worth at US$4.9 billion. He has interests in education and founded leading pharmacy college and a leading engineering college/ university.

<span class="mw-page-title-main">Grasim Industries</span> Indian industrial conglomerate

Grasim Industries Limited is an Indian manufacturing company based in Mumbai. Since its inception in 1947 as a textile manufacturer, Grasim has diversified into textile raw materials like viscose staple fiber (VSF) and viscose filament yarn, chemicals and insulators, along with cement and financial services through its subsidiaries UltraTech Cement and Aditya Birla Capital respectively. The company is a part of the Aditya Birla Group.

<span class="mw-page-title-main">CIMB</span> Malaysian Universal Bank

CIMB Group Holdings Berhad is a Malaysian universal bank headquartered in Kuala Lumpur and operating in high growth economies in ASEAN. CIMB Group is an indigenous ASEAN investment bank. CIMB has a wide retail branch network with 1,080 branches across the region.

<span class="mw-page-title-main">Nippon Paint</span> Japanese paints company

Nippon Paint Holdings Co., Ltd. is a Japanese paint and paint products manufacturing company. It is the world's fourth largest paint manufacturer, as measured by revenue in 2020.

Dato Patrick Y-Kin Grove is a Singaporean and Australian tech entrepreneur of mixed heritage.

<span class="mw-page-title-main">Raffles Design Institute</span> For-profit art school in Singapore

Raffles Design Institute is a for-profit, design-centric educational institution headquartered in Singapore. Its flagship campus was established in 1990 by the company Raffles Education Corporation Limited.

<span class="mw-page-title-main">Aloke Lohia</span> Indian billionaire businessman

Aloke Lohia is an Indian billionaire businessman, and the founder and CEO of Indorama Ventures.

Tan Sri Lim Kok Thay is a Malaysian Chinese billionaire businessman. He is the chairman of Genting Group, a casinos, resorts and palm oil conglomerate with a market capitalization of almost MYR40 billion, and the second son of fellow billionaire Lim Goh Tong, the company's founder.

Indorama Ventures (IVL) is a producer of intermediate petrochemicals industry, the world's largest producer of PET resins, and a manufacturer of wool yarns established by Aloke Lohia in Bangkok in 1994.

<span class="mw-page-title-main">United Overseas Bank</span> Singaporean regional bank

United Overseas Bank Limited, often known as UOB, is a Singaporean regional bank headquartered at Raffles Place, Singapore, with branches mostly found in Southeast Asia countries.

<span class="mw-page-title-main">Sri Prakash Lohia</span> Indonesian billionaire businessman (born 1952)

Sri Prakash Lohia is an Indian-born Indonesian billionaire businessman, and the founder and chairman of Indorama Corporation, a diversified petrochemical and textile company.

Indorama Corporation is a Singapore-based corporate group with origins as Indorama Synthetics, established in 1975 in Indonesia. It manufactures polyethylene, polypropylene, polyester fibre, Spandex filament, spun yarns, fabrics, and other products. It has a presence in several countries and is a major producer of polyolefins.

Mohan Lal Lohia was an Indian businessman and business magnate, who founded the Indorama Corporation and the Lohia Foundation.

<span class="mw-page-title-main">Jay Shah</span> Indian businessman and cricket administrator (born 1988)

Jay Amitbhai Shah is an Indian businessman and cricket administrator. He became the Board of Control for Cricket in India (BCCI) Secretary in 2019. He is also the president of Asian Cricket Council. He is the son of Amit Shah, India's Minister of Home Affairs.

References

  1. "Lohia family". Forbes. 2017. Retrieved 6 November 2021.
  2. Karmali, Naazneen (2 November 2014). "Indorama's Amit Lohia Is The Prince Of Polyester". Forbes Asia. Retrieved 6 November 2021.
  3. Balachandran, Manu (20 October 2015). "How this synthetics tycoon went from teenage Indian emigrant to one of Indonesia's richest men". Quartz India. Retrieved 6 November 2021.
  4. "How the Lohias Built a Polyester Empire in Indonesia". Little India. 25 October 2017. Retrieved 6 November 2021.