Early Life
Aloke Lohia was born in Kolkata, India, on November 27, 1958. He earned a Bachelor of Commerce degree from Delhi University. His father, Mohan Lal Lohia, moved to Indonesia in 1973 and established Indorama Synthetics in 1975 with Aloke's brother, Sri Prakash Lohia. Aloke joined the family business in 1978.
Rise to Success
Lohia's career began as the Finance Director of P.T. Indorama Synthetics in Indonesia from 1979 to 1987. In 1988, he founded Indorama Chemicals (now Aurus Specialty Company Limited) in Thailand. He started Thailand's first wool business, Indorama Holdings, in 1994 and then established Indorama Polymers, Thailand's first PET business, in 1995. Under his leadership, Indorama Ventures has grown significantly through strategic acquisitions and organic growth. In 2010, Lohia delisted Indorama Polymers and listed Indorama Ventures on the Stock Exchange of Thailand, solidifying its position as a global leader in PET manufacturing.
Key Business Strategies
Aloke Lohia's success is attributed to several key strategies, including:
- Strategic Acquisitions: Lohia spearheaded numerous acquisitions of chemical and manufacturing facilities globally, expanding the company's product portfolio and geographic reach.
- Focus on Sustainability: Under his leadership, Indorama Ventures has emphasized sustainability, including recycling initiatives and bio-based products.
- Family Values: Lohia emphasizes family values, continuity, and trust within the company, with his wife and children playing key roles in the business.
Philanthropy
Lohia and his wife co-founded the IVL Foundation to focus on philanthropic efforts, particularly those related to children, women, and the environment. The foundation supports projects in healthcare, education, and community development.
