Ramesh Kunhikanna, becomes a billionaire after the success of Chandrayaan-3

In 1988 he founded Cairns Technology

Ramesh Kunhikannan was named to Forbes’ 2024 Billionaires list for the first time this year. Mr. Kunhikannan has an impressive net worth of $1.2 billion, ranking him among the world’s richest people, including Elon Musk, Mukesh Ambani, Jeff Bezos (Jeff Bezos) et al. Mr Kunhikannan, 60, became a billionaire after India’s space victory with Chandrayaan. August 3, 2023.

5 facts about Ramesh Kunhikannan:

1. Ramesh Kunhikannan is the founder and managing director of Kaynes Technology, an electronics manufacturer based in Mysore, India.

2. Mr. Kunhikannan holds a Bachelor’s degree in Electrical Engineering from the National Engineering Institute, Mysore.

3. He founded Kaynes Technology in 1988 as an electronics contract manufacturer. His wife Savitha Ramesh joined the company in 1996 and is currently the company’s chairman.

4. Ramesh Kunhikannan played an important role in India’s historic Chandrayaan-3 mission, providing electronic systems for the lunar rover and lander, contributing to the mission’s successful landing on the lunar surface in August 2023. The Chandrayaan-3 mission is an ISRO-led mission with a budget of approximately Rs 615 crore.

5. Ramesh Kunhikannan owns 64% of Kaynes Technology and the company’s share price has surged following the success of Chandrayaan-3. This follows an impressive performance by the company, which has seen its shares triple since going public in November 2022. Mr. Kunhikannan’s net worth soared to $1.2 billion, according to Forbes.