Sri Prakash Lohia was born on August 11, 1952 in London, United Kingdom, Indonesia. Sri Prakash Lohia made much of his fortune producing a basic component used to make plastic bottles.
He and his father immigrated to Indonesia, where they co-founded Indorama as a maker of spun yarn in 1976.
It is now a petrochemicals powerhouse making a range of industrial products, including polyethylene, polypropylene and medical gloves.
Lohia remains chairman but lives in London and has handed reins largely to son Amit, who runs the business on a daily basis.
The company is expanding in Africa where it has a factory in Nigeria that produces fertilizer.
Sri Prakash Lohia is a member of Manufacturing
In 2012, Lohia was given the Pravasi Bharatiya Samman Award (Overseas Indian Award) by the President of India.
Biography/Timeline
1952
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.
1971
Lohia graduated from the University of Delhi in 1971 with a bachelor's degree in Commerce.
1973
In 1973, Lohia moved to Indonesia with his Father Mohan Lal Lohia and started Indorama Synthetics, which began to manufacture spun yarns in 1976.
1974
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.
1980
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.
1991
In 1991, Indorama Synthetics Diversified into the manufacture of polyester fibers and then polyester bottle-grade (PET) resins in 1995.
2006
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.
2012
In 2012, Lohia was given the Pravasi Bharatiya Samman Award (Overseas Indian Award) by the President of India.
2013
He stated in 2013 that he dislikes playing golf and uses the treadmill to stay in shape.
2015
In 2015, the Lohia family was one of the 50 wealthiest families in Asia.
2019
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.splrarebooks.com.
