Sri Prakash Lohia
Sri Prakash Lohia | |
|---|---|
| Born | August 11, 1952 Kolkata, India |
| Occupation(s) | Entrepreneur, businessman |
| Known for | Chairman of Indorama Corporation |
| Spouse | Seema Mittal |
| Children | 2 (Amit and Shruti) |
Sri Prakash Lohia (born 11 August 1952) is an Indonesian billionaire entrepreneur of Indian origin, who established and currently chairs Indorama Corporation, a multifaceted enterprise specializing in petrochemicals and textiles.
Originally hailing from India, Lohia has resided in Indonesia since 1974. According to Forbes estimates from November 2024, his net worth stands at approximately US$8.7 billion.
Early life
He was born in Kolkata to parents Mohan Lal Lohia and Kanchan Devi Lohia, and has three siblings: Om, Ajey (also known as Ajay Prakash), and Aloke Lohia.
Career
In 1973, together with his father Mohan Lal Lohia, Sri Prakash relocated to Indonesia where they initiated Indorama Synthetics. The company commenced production of spun yarn in 1976.
To avoid familial conflicts during the late 1980s, the business was apportioned among Mohan Lal’s three sons. The eldest brother, Om Prakash, took charge of Indorama Synthetics (India) Ltd., while the youngest brother Aloke founded a facility in Thailand manufacturing furfural alcohol and later created Indorama Holdings focused on wool yarn production. Sri Prakash remained in Indonesia overseeing PT Indo Rama Synthetics, which became publicly listed and expanded its operations to include polyester yarn manufacturing within the same industrial complex.
In 2006, Lohia purchased an integrated olefin plant located in Nigeria, which has grown to become the largest petrochemical firm in West Africa and ranks as the continent’s second-largest olefin manufacturer.
Wealth
The Lohia family was recognized among Asia’s top 50 wealthiest families in 2015. As of November 2024, Forbes placed Sri Prakash Lohia’s personal fortune at US$8.70 billion.
By May 2025, the Sunday Times Rich List appraised his net worth at £6.028 billion.
Personal life
Lohia maintains a low public profile and seldom participates in interviews or public engagements.
He is married to Seema Mittal, sister of industrialist Lakshmi Mittal, and they have two children: Amit and Shruti. Amit graduated magna cum laude from the Wharton School of Business at the University of Pennsylvania.
Additionally, Lohia is recognized as one of the foremost collectors worldwide of rare books and lithographs.
Awards
In 2012, he was honored with the Pravasi Bharatiya Samman by the President of India.