|Sri Prakash Lohia|
|Education||Bachelor’s degree in commerce|
|Net worth||US $3.1 billion (as of April 2021)|
|Position||Founder and Chairman|
|Philanthropy||Supports education and healthcare initiatives in India and Indonesia|
|Leadership style||Efficiency, strategic planning, and a commitment to ethical business practices|
Sri Prakash Lohia is an Indian businessman and the founder of the Indorama Corporation, a multinational conglomerate with operations in over 30 countries. Born in Kolkata in 1956, Lohia grew up in Indonesia and studied chemical engineering at the University of Delaware in the United States.
After completing his education, Lohia returned to Indonesia and started his career in the textile industry, founding Indorama Synthetics in 1976. Over the years, the company diversified into other areas, including petrochemicals, plastics, and fertilizers.
Under Lohia’s leadership, Indorama has grown into a major player in the global market, with over $11 billion in revenue in 2020. The company has acquired several other businesses, including the Dutch petrochemical company Epsilon and the American polymer manufacturer DuraFiber Technologies.
Lohia’s personal net worth is estimated at over $5 billion, according to Forbes, making him one of the richest people in Indonesia. He is also known for his philanthropic work, supporting initiatives in education, healthcare, and the environment.
Despite his wealth and success, Lohia is known for his low profile and modest lifestyle. He avoids public appearances and rarely grants interviews, preferring to focus on growing his business and supporting charitable causes.
Here’s a timeline of Sri Prakash Lohia’s life and career:
1956: Sri Prakash Lohia is born in Kolkata, India.
1976: Lohia founds Indorama Synthetics in Indonesia, beginning his career in the textile industry.
1989: Indorama diversifies into petrochemicals, expanding its operations.
2004: Indorama acquires Thailand’s only PTA plant, becoming the world’s largest producer of the chemical used in making polyester.
2011: Lohia takes Indorama public on the Stock Exchange of Thailand, raising $450 million.
2014: Indorama acquires the Dutch petrochemical company Epsilon and the American polymer manufacturer DuraFiber Technologies, expanding its global reach.
2020: Indorama reports over $11 billion in revenue, solidifying its position as a major player in the global market.
2021: Forbes estimates Lohia’s net worth at over $5 billion, making him one of the richest people in Indonesia.
Throughout his career, Lohia has remained focused on growing his business and supporting charitable causes. His company, Indorama, has become a multinational conglomerate with operations in over 30 countries, while his philanthropic work has helped to support education, healthcare, and environmental initiatives around the world.
Here are 5 interesting facts about Sri Prakash Lohia:
- Lohia’s family has been involved in the textile industry for generations, with his grandfather starting a cotton trading business in 1897.
- Despite facing many challenges while starting his business in Indonesia, including a lack of infrastructure and a language barrier, Lohia persevered and built Indorama into a global powerhouse.
- In addition to his business success, Lohia is known for his philanthropic work, including supporting education and healthcare initiatives in India and Indonesia.
- Lohia is a firm believer in the power of technology and innovation to drive progress and improve people’s lives.
- Lohia’s leadership style is characterized by a focus on efficiency, strategic planning, and a commitment to ethical business practices.
Here are 5 quotes from Sri Prakash Lohia:
- “You need to have patience and perseverance to succeed. Nothing comes easy.”
- “We believe in making things happen, not waiting for things to happen.”
- “We are committed to responsible and sustainable growth, and we will continue to invest in new technologies and processes that reduce our impact on the environment.”
- “Education is the key to unlocking human potential, and we believe that every child deserves access to quality education.”
- “Innovation is not just about creating new products or technologies. It’s about finding new ways to solve problems and create value for society.”