Sri Prakash Lohia


Sri Prakash Lohia 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.

Early life

Lohia was born in Kolkata on 11 August 1952 to Mohan Lal Lohia and Kanchan Devi Lohia. He has three brothersOm, Ajey, and Aloke and one sisterAruna. He graduated from the University of Delhi in 1971, with a bachelor's degree in commerce.

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.
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 1991, Indorama Synthetics diversified into the manufacture of polyester fibers and then polyester bottle-grade resins in 1995.
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.
Indorama Corporation is Lohia's principal holding company, which is based in Singapore.

Wealth

In 2013, Lohia was ranked 395 in Forbes list of Billionaires with a net worth of $3.4 billion.
In 2015, the Lohia family was one of the 50 wealthiest families in Asia.

Personal life

Lohia rarely gives interviews or makes public appearances.
Lohia and his wife, Seema Mittal, have two children, Amit and Shruti. Amit graduated magna cum laude from the University of Pennsylvania's Wharton School of Business. He is the Managing Director of Indorama Corporation and a director in various Indorama companies. Lohia's daughter, Shruti Hora, graduated from Babson College and currently resides in Singapore.Lohia is brother-in-law of Lakshmi Mittal, currently the second richest Indian with a net worth of $14.6 billion.
Lohia is one of the world's largest collectors of old books and lithographs. He has the world's second largest collection of colored lithographs. He is working to digitize all his lithographs and those at other leading libraries around the world. They are being uploaded on.

Awards

In 2012, Lohia was given the Pravasi Bharatiya Samman award by the President of India.