Early Life
Sri Prakash Lohia was born in Kolkata, India, on August 11, 1952. He received a Bachelor of Commerce degree from the University of Delhi in 1971. In 1973, he moved to Indonesia with his father, Mohan Lal Lohia, to pursue business opportunities in the textile industry.
Rise to Success
In Indonesia, Lohia co-founded Indorama Synthetics in 1975, manufacturing spun yarns. Under his leadership, the company diversified into the production of polyester fibers and PET resins. Lohia's strategic foresight led to Indorama becoming a major player in the global polyester market. In 2006, Lohia acquired an integrated olefin plant in Nigeria, expanding Indorama's reach into Africa's petrochemical sector. The Indorama Corporation now operates in numerous countries, with an annual turnover of US$22 billion.
Key Business Strategies
Lohia's business strategy focuses on sustainable growth, innovation, and environmental responsibility. He has emphasized research and development and integrated recycling practices into Indorama's operations. His commitment to building a sustainable and inclusive future has positioned Indorama as a leader in the industry.
Philanthropy
Sri Prakash Lohia is well-known for his philanthropic contributions. He established the SP Lohia Foundation and the Indorama Charitable Trust to support education, healthcare, and cultural preservation. His initiatives have included funding the construction of schools, hospitals, and community centers. He also supports initiatives focused on sanitation and access to clean water.
