Aloke Lohia (born 1958) is an Indian billionaire businessman, and the founder and CEO of

Indorama Ventures Indorama Ventures (IVL) is a producer of intermediate petrochemicals industry, the world's largest producer of PET resins, and a manufacturer of wool yarns established by Aloke Lohia in Bangkok in 1994. History IVL commenced business operati ...

Early & personal life

Lohia was educated at

Delhi University Delhi University (DU), formally the University of Delhi, is a collegiate central university located in New Delhi, India. It was founded in 1922 by an Act of the Central Legislative Assembly and is recognized as an Institute of Eminence (IoE) ...

, where he received a bachelor of commerce degree. Lohia is married to Suchitra Lohia, a director and vice chairman of the Indorama Ventures. They have a daughter and two sons together.

Career

From 1979 to 1987, Lohia was the finance director of P.T. Indorama Synthetics, Indonesia. In 1988, he moved to Thailand, where he founded Indorama Chemicals (now known as Aurus Specialty Company Limited) to turn corncobs into furfural alcohol, supported financially by the

German Investment Corporation Deutsche Investitions- und Entwicklungsgesellschaft (DEG) is a Development Finance Institution (DFI) and a subsidiary of KfW Group. It was founded in Cologne in September 1962 as a federally owned company by the former Federal President Walter ...

. Lohia started Thailand's first wool business under the name Indorama Holdings in 1994 before starting Thailand's first PET ( Polyethylene Terephthalate) business, Indorama Polymers, in 1995. In February 2010, Lohia delisted Indorama Polymers and simultaneously listed its parent company Indorama Ventures on the Stock Exchange of Thailand. Indorama Ventures' revenue was approximately $7.5 billion at the end of 2014. As of May 2021, his net worth was estimated at US$2.6 billion.

Recognition

In 2011, Lohia was appointed an honorary investment advisor to the

Government of Thailand The Government of Thailand, or formally the Royal Thai Government ( Abrv: RTG; th, รัฐบาลไทย, , ), is the unitary government of the Kingdom of Thailand. The country emerged as a modern nation state after the foundation of ...

. 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.

References

{{DEFAULTSORT:Lohia, Aloke 1958 births Living people Indian chief executives Businesspeople from Kolkata Rajasthani people Aloke Lohia Aloke Lohia Aloke Lohia Indian billionaires Delhi University alumni Aloke