Aloke Lohia

Aloke Lohia (born 1958) is an Indian billionaire businessman, and the founder and group CEO of Indorama Ventures PCL.[2] He is the chairman of the company's sustainability committee[3] and a member of the nomination, compensation and corporate governance committee.[4] From 1979 to 1987, he was the finance director of P.T. Indorama Synthetics, Indonesia, and in 1994 he founded Indorama Ventures in Thailand.

Aloke Lohia
Aloke Lohia at the World Economic Forum on East Asia in 2012
Born (1958-11-27) 27 November 1958
Kolkata, India
CitizenshipIndian
EducationUniversity of Delhi, 1978
OccupationBusinessman
Years active1979 to date
OrganizationIndorama Ventures PCL
Known forFounder & Group CEO of Indorama Ventures PCL
Net worthUS$3.2 billion (January 2018)[1]
Spouse(s)Suchitra Lohia
Children3
Parent(s)Mohan Lal Lohia
RelativesSri Prakash Lohia (brother)
Websitewww.indoramaventures.com

According to Forbes rankings in June 2018, Lohia has a net worth of $3.1 billion and is the 9th richest person in Thailand.[1]

Early life

Lohia was educated at Delhi University, where he received a bachelor of commerce degree. He moved to Thailand and has lived there since 1988, during which time he founded Indorama Chemicals (now known as Aurus Specialty Company Limited).[5] This very first business of Lohia was about turning corncobs into furfural alcohol. The investment was supported by the German Investment Corporation or DEG (Deutsche Investitions- und Entwicklungsgesellschaft).[6] Lohia started Thailand's first wool business under the name Indorama Holdings in 1994. Then he started Thailand's first PET (Polyethylene Terephthalate) business, Indorama Polymers, in 1995.[7] In February 2010, Lohia delisted Indorama Polymers and simultaneously listed its parent company Indorama Ventures on the Stock Exchange of Thailand.[8]

Indorama Ventures' revenue was approximately $7.5 billion at the end of 2014.[9]

Personal & family life

Lohia is married to Suchitra Lohia, who runs the packaging arm of the company and is a director and vice chairman of the company as well as several of its subsidiaries. Suchitra is a bachelor of commerce graduate of Delhi University and of the OPM Executive Education Program of Harvard University.[10]

Aloke and Suchitra have three children. Their daughter Aradhana Lohia Sharma graduated magna cum laude in business management from Babson College in the United States. Aradhana was married on 21 April 2013 to Kevin Sharma, in Florence, Italy.[11] Their son Yashovardhan Lohia studied engineering business management at the University of Warwick in the UK. Their youngest son Anuj Lohia is studying business management at Babson College.

Recognition

In 2011, Lohia was appointed an honorary investment advisor to the Government of Thailand.[12] In 2011–2014, Lohia was included in the Top 40 Power Players by ICIS (Independent Chemical Information Service), the world's largest petrochemical market information provider.[13][14][15][16]

References
  1. "Forbes profile: Aloke Lohia". Forbes. Retrieved 3 January 2019.
  2. "Group CEO Corner". IVL. Retrieved 19 October 2016.
  3. "Sustainability Committee". IVL. Retrieved 19 October 2016.
  4. "Nomination, Compensation and Corporate Governance Committee". IVL. Retrieved 19 October 2016.
  5. "Aurus Specialty". Retrieved 19 October 2016.
  6. "DEG". Missing or empty |url= (help)
  7. "Company Background". IVL. 20 October 2016. Retrieved 20 October 2016.
  8. "IVL on SET". IVL. 15 September 2014. Retrieved 15 September 2014.
  9. "Company Overview". IVL. Retrieved 20 October 2016.
  10. "Board of Directors". IVL. Retrieved 20 October 2016.
  11. "Aradhana Lohia and Kevin Sharma - a Thousand and One Night Wedding in Florence". My Italy and My Wedding. 13 May 2013. Archived from the original on 14 October 2014. Retrieved 13 May 2013.
  12. "Press Release". IVL. 7 February 2011. Retrieved 7 February 2011.
  13. "Top 40 Power Players 2011". ICIS. Retrieved 20 October 2016.
  14. "Top 40 Power Players 2012". ICIS. Retrieved 20 October 2016.
  15. "Top 40 Power Players 2013". ICIS. Retrieved 20 October 2016.
  16. "Top 40 Power Players 2014". ICIS. Retrieved 20 October 2016.
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