Sri Prakash Lohia Explained

Sri Prakash Lohia
Birth Date:11 August 1952
Birth Place:Calcutta, India
Citizenship:Indonesian
Education:University of Delhi
Occupation:Businessman
Known For:Founder and chairman, Indorama Corporation
Spouse:Seema Lohia
Children:2
Parents:Mohan Lal Lohia
Kanchan Devi Lohia
Relatives:Lakshmi Mittal (brother-in-law)
Aloke Lohia (brother)
Aarti Lohia (daughter-in-law)

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.

Lohia hails from India, but has spent the majority of his professional life in Indonesia since 1974. In 2013, Forbes ranked him as the 6th richest person in Indonesia, with a net worth of US$3 billion.[1]

Early life

Lohia was born in Kolkata on 11 August 1952 to Mohan Lal Lohia and Kanchan Devi Lohia. He has three brothersOm, Ajey (original name Ajay Prakash), and Aloke (original name Alok or Anil Prakash)and one sisterAruna.[1] [2]

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.[3]

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 moved to India and set up Indorama Synthetics. Aloke, Lohia's younger brother, went to Thailand to found Indorama Holdings, which is a wool yarn producer.

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.[4]

Wealth

In 2015, the Lohia family was one of the 50 wealthiest families in Asia.[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

Notes and References

  1. Web site: Sri Prakash Lohia. Forbes. 15 September 2017. 15 August 2023. https://web.archive.org/web/20230815023219/https://www.forbes.com/profile/sri-prakash-lohia/. live.
  2. News: Teach India comes calling to Himachal hills. 11 August 2012. The Times of India. 19 July 2018. 27 June 2018. https://web.archive.org/web/20180627180323/https://timesofindia.indiatimes.com/india/Teach-India-comes-calling-to-Himachal-hills/articleshow/15441934.cms. live.
  3. News: How this synthetics tycoon went from teenage Indian emigrant to one of Indonesia's richest men. Balachandran. Manu. Quartz. 2017-05-22. English. 1 July 2024. https://web.archive.org/web/20240701132108/https://qz.com/india/519831/how-this-synthetics-tycoon-went-from-teenage-indian-emigrant-to-one-of-indonesias-richest-men. live.
  4. Web site: Indian-Indonesian Billionaire S. P. Lohia's Turnaround Success In Nigeria. Forbes. 15 September 2017. 14 November 2017. https://web.archive.org/web/20171114210545/https://www.forbes.com/global/2012/0716/companies-people-lohia-petrochemical-plant-nigeria-plastic-fantastic.html. live.
  5. News: Lohia family. Forbes. 2017-05-22. en. 14 November 2017. https://web.archive.org/web/20171114210551/https://www.forbes.com/profile/lohia/?list=asia-families. live.
  6. News: Lesson from RI's richest man: Don't break trust. The Jakarta Post. 2017-05-22. en. 2 January 2018. https://web.archive.org/web/20180102132211/http://www.thejakartapost.com/news/2013/11/19/lesson-ri-s-richest-man-don-t-break-trust.html. live.
  7. News: Amit Lohia .
  8. Web site: Amit Lohia: A young entrepreneur boldly going global. The Jakarta Post. 1 May 2020. 1 July 2024. https://web.archive.org/web/20240701132054/https://www.thejakartapost.com/news/2011/10/01/amit-lohia-a-young-entrepreneur-boldly-going-global.html. live.
  9. News: Global polyester king . 6 September 2012 . 13 February 2013 . https://web.archive.org/web/20130213072420/http://www.thejakartaglobe.com/coverstory/global-polyester-king/501131 . live .
  10. News: Pravasi Bharatiya Samman Award List 2012. 6 September 2012. 14 October 2013. https://web.archive.org/web/20131014180859/http://moia.gov.in/writereaddata/pdf/Awardees_2012.pdf. dead.