In 1956, he graduated from the Government College of Art and Craft, Calcutta. He has been a Member of the Society of Contemporary Artists, Calcutta since 1971. From 1957 to 1963, Haloi stayed and worked at Ajanta Caves. In 1964 he joined an art college in Kolkata as a lecturer. Haloi had many solo exhibitions. In 1962 he had his first solo at Artistry House in Kolkata. In 2000 and 2007 he exhibited in Mumbai. In 2006 and 2007 he had exhibitions in Kolkata. In 2006 he exhibited at the Aicon Gallery in New York. In 2011, Haloi had a solo exhibition in New Delhi. In 2013 he exhibited in Dhaka. He has participated in several group exhibitions in India, Greece/Germany (Documenta 14 at Athens & Kassel), California (Architecture of Life, at Berkeley Art Museum & Pacific Film Archives (BAM/PFA), Berkeley), Berlin (8th Berlin Biennale for Contemporary Art), London (A Special Arrow Was Shot in the Neck, David Roberts Art Foundation) and New York (Past Parallels: The Art of Modern & Pre-Modern India at Aicon Gallery).
He was awarded the Lifetime Achievement Award (2019) by India Today.