Lohia is the chairman of Indorama Corp., whose products include fertilizers, medical gloves and yarns. Indorama Ventures, its publicly trading affiliate in Bangkok, makes polyester goods and had revenue of 541,583 million Thai baht ($15.4 billion) in 2024. The group has manufacturing sites in about 35 countries.
The majority of Lohia's fortune is derived from Indorama Corp., a Singapore-based holding company, which has interests in textiles, polyesters and industrial chemicals. Indorama Corp., along with its publicly trading affiliate Indorama Venture, operate manufacturing sites in about 35 countries, according to their website.
He owns 31% of Bangkok-based Indorama Ventures, through holding companies, according to the company website. Indorama Ventures had revenue of 541,583 million Thai baht ($15.4 billion) in 2024. He also has 92% of polyester company Indo-Rama Synthetics through holding companies, according to its August 2025 filing.
Through Singapore-based Indorama Corp., he owns 65% of Nigeria-based Indorama Eleme Petrochemicals. The closely held business is valued using the average enterprise value-to-Ebitda multiple of three publicly traded peers: LyondellBasell Industries NV, Westlake Corp and Saudi Basic Industries Corp.
In Malaysia, he owns closely held disposable glove maker YTY Industry. That business is valued using the average enterprise value-to-sales multiple of three publicly traded peers: Hartalega Holdings Bhd, Top Glove Corp Bhd and Kossan Rubber Industries Bhd.
Vishnu Swaroop Baldwa, Indorama Corp.'s managing director, confirmed the billionaire's holdings.
Born in Kolkata, India, in 1952, Lohia and his family moved to Indonesia when he was 22. He and his father set up Indorama's first factory that produced cotton-spun yarns for textiles in the town of Purwakarta, in West Java. He obtained his Indonesian citizenship in 1984. Lohia expanded the business by venturing into the petrochemical industry and making acquisitions and investments, including in Indorama Ventures, the world's largest producer of polyester and polyethylene terephthalate, a plastic resin used in a myriad of consumer products from toothbrushes to bottles.
In 2006, Indorama acquired Eleme Petrochemicals, which was a division of state-owned Nigerian National Petroleum. He revived the plant and returned it to profit two years later. When some Indian engineers working for Eleme Petrochemicals were kidnapped and held hostage by rebels in Nigeria in 2007, Lohia flew there and secured the safe release of his employees.
The billionaire, who lives in London, is married to the younger sister of billionaire Lakshmi Mittal. His only son, Amit Lohia, joined Indorama Corp. in 1996, a year after obtaining his finance degree from University of Pennsylvania's Wharton School. The younger Lohia, who is based in Singapore, is managing director of the holding company and has led some of the group's projects and acquisitions.