In 2012, Lohia was given the Pravasi Bharatiya Samman Award (Overseas Indian Award) by the President of India.
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.
Lohia graduated from the University of Delhi in 1971 with a bachelor's degree in Commerce.
The company was divided in the late 1980s by Mohan Lal Lohia between his three sons to avoid family disputes in the Future. Sri Prakash’s elder brother Om Prakash moved to India and set up Indorama Synthetics. Aloke, Sri Prakash’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 (PET) resins in 1995.
He stated in 2013 that he dislikes playing golf and uses the treadmill to stay in shape.
In 2015, the Lohia family was one of the 50 wealthiest families in Asia.
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 on an ambitious project of digitizing all his lithographs and those at other leading libraries around the world. They are being uploaded on www