From Moon To Riches: Chandrayaan-3 Contributor Ramesh Kunhikannan Enters Forbes Billionaires List

Ramesh Kunhikannan Enters Forbes Billionaires List: India made the loudest noise when it became the first ever nation to land a spacecraft near the south pole of the moon last year!

The man who largely contributed to the historic moon mission recently made it to the Forbes Billionaires 2024 list.

Meet Ramesh Kunhikannan, Whose Company Provided Power Systems For Chandrayaan 3¡¯s Lander And Rover

x

Ramesh Kunhikannan, the founder and CEO of Kaynes Technology, is a graduate of the National Institute of Engineering (NIT) in Mysore. At the age of 60, he attained billionaire status following the achievement of India's Chandrayaan-3 Moon mission.

Ramesh Kunhikannan is the founder and managing director of Kaynes Technology India, based in Mysore. Known for its electronic manufacturing prowess, the 36-year-old company specializes in supplying electronic systems and design services to various sectors, including automotive, aerospace, medical, and defense industries. Kaynes's expertise is predominantly utilized in electronic control systems for electric vehicles (EVs), railway signaling, and more. Notably, the company played a significant role in India's Chandrayaan-3 mission by providing power systems for the lander and rover.

Also Read: Dubai Introduces 5-Year Multiple-Entry Tourist Visa for Indians; All You Need To Know

Ramesh Kunhikannan¡¯s Educational Background And Entrepreneurial Journey

The 60-year-old billionaire earned his Bachelor's degree in electrical engineering from the National Institute of Engineering, Mysore. He established his company in 1988 as a contract electronics manufacturer. His spouse and the current company chairperson, Savitha Ramesh, joined the company in 1996. Presently, the company boasts a market capitalization of Rs Rs 17,156 Crore, with its stocks priced at around Rs 2700, according to Value Search.

Ramesh Kunhikannan's Impressive Shareholding and Net Worth Boost

Image of Chandrayaan - 3 | Image: ISRO

After the mission's success, Kaynes Technology India saw a significant increase in its share price, rising from Rs 1719 in August 2022 to Rs 2683.85 presently. Kunhikannan currently owns 64 percent of the company, translating to approximately $1.1 billion (Rs 8.3 thousand crore) in net worth.

Record Number of Indians Make Forbes's List of World's Billionaires 2024

According to a report by First Post, for the first time, 200 Indians were included in Forbes's list of World's Billionaires for 2024. Mukesh Ambani emerged as the richest Indian on the list, boasting a net worth of Rs 9.6 lakh crore, followed by Gautam Adani, whose net worth amounted to Rs 7 lakh crore.

Also Read: Top 10 Tech Billionaires In India In 2024