Sri Prakash Lohia

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Sri Prakash Lohia
Sri Prakash Lohia.jpg
Born (1952-08-11) 11 August 1952 (age 72)
Calcutta, India
CitizenshipIndonesian
Education University of Delhi
OccupationBusinessman
Known forFounder and chairman, Indorama Corporation
SpouseSeema Lohia
Children2
Parent(s) Mohan Lal Lohia
Kanchan Devi Lohia
Relatives Lakshmi Mittal (brother-in-law)
Aloke Lohia (brother)
Aarti Lohia (daughter-in-law)
Website www.indorama.com

Sri Prakash Lohia (born 11 August 1952) is an Indian-born Indonesian billionaire businessman, and the founder and chairman of Indorama Corporation, a diversified petrochemical and textile company.

Contents

Lohia hails from India, but has spent the majority of his professional life in Indonesia since 1974. [1] As of November 2024, Forbes estimated his net worth at US$8.7 billion. [2]

Early life

Lohia was born in Kolkata on 11 August 1952 to Mohan Lal Lohia and Kanchan Devi Lohia. He has three brothers—Om, Ajey (original name Ajay Prakash), and Aloke (original name Alok or Anil Prakash)—and one sister—Aruna. [2] [3]

Career

In 1973, Lohia moved to Indonesia with his father Mohan Lal Lohia and started Indorama Synthetics, which began to manufacture spun yarns in 1976. [4]

The company was divided in the late 1980s by Mohan Lal Lohia between his three sons to avoid family disputes in the future. Lohia's elder brother Om Prakash was living in India when a factory was set up for him, also called Indorama Synthetics (India) Ltd.. Aloke, Lohia's younger brother, went to Thailand to start a new factory to produce Furfural alcohol from corn cobs. He later found Indorama Holdings, which is a wool yarn producer. SP Lohia remained in Indonesia to look after PT Indo Rama Synthetics which went public a few years later. He then diversified into manufacture of Polyester Yarns in the same campus where spun yarsns was being produced. [4]

In 2006, Lohia acquired an integrated olefin plant in Nigeria, which is today the largest petrochemical company in West Africa and the second largest olefin producer in Africa. [1]

Wealth

In 2015, the Lohia family was one of the 50 wealthiest families in Asia.As of November 2024, his personal wealth is estimated by Forbes at US$8.70 billion [5]

Personal life

Lohia rarely gives interviews or makes public appearances. [6]

Lohia and his wife, Seema Mittal (sister of Lakshmi Mittal), have two children, Amit and Shruti. Amit graduated magna cum laude from the University of Pennsylvania's Wharton School of Business. [7] [8]

Lohia is one of the world's largest collectors of old books and lithographs. [9]

Awards

In 2012, Lohia was given the Pravasi Bharatiya Samman award (Overseas Indian award) by the President of India. [10]

See also

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References

  1. 1 2 "Indian-Indonesian Billionaire S. P. Lohia's Turnaround Success In Nigeria". Forbes. Archived from the original on 14 November 2017. Retrieved 15 September 2017.
  2. 1 2 "Forbes profile: Sri Prakash Lohia". Forbes. Retrieved 24 November 2024.
  3. ↑ "Teach India comes calling to Himachal hills". The Times of India. 11 August 2012. Archived from the original on 27 June 2018. Retrieved 19 July 2018.
  4. 1 2 Balachandran, Manu. "How this synthetics tycoon went from teenage Indian emigrant to one of Indonesia's richest men". Quartz. Archived from the original on 1 July 2024. Retrieved 22 May 2017.
  5. ↑ "Lohia family". Forbes. Archived from the original on 14 November 2017. Retrieved 22 May 2017.
  6. ↑ "Lesson from RI's richest man: Don't break trust". The Jakarta Post. Archived from the original on 2 January 2018. Retrieved 22 May 2017.
  7. ↑ "Amit Lohia".[ dead link ]
  8. ↑ "Amit Lohia: A young entrepreneur boldly going global". The Jakarta Post. Archived from the original on 1 July 2024. Retrieved 1 May 2020.
  9. ↑ "Global polyester king". Archived from the original on 13 February 2013. Retrieved 6 September 2012.
  10. ↑ "Pravasi Bharatiya Samman Award List 2012" (PDF). Archived from the original (PDF) on 14 October 2013. Retrieved 6 September 2012.
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