The firm supplied energy techniques for Chandrayaan-3’s lander and rover.
For the primary time, 200 Indians have been positioned on Forbes’s checklist of World’s Billionaires for 2024.
India reached an enormous milestone final 12 months, because the nation grew to become the primary nation to land a spacecraft close to the unexplored south pole of the moon. Ramesh Kunhikannan, whose firm contributed largely to the historic area mission was named on the Forbes Billionaires List 2024 for the primary time this 12 months, due to the historic area mission. He is presently positioned among the many richest folks throughout the globe together with Elon Musk, Jeff Bezos and Mukesh Ambani with a whopping $1.2 billion (approx Rs 10,011 crore) internet value.
Ramesh Kunhikanna is the founder and managing director of Kaynes Technology India, headquartered in Mysore. The firm is legendary for manufacturing digital merchandise. The 60-year-old billionaire graduated with a Bachelor’s diploma in electrical engineering from the National Institute of Engineering, Mysore. He began his firm in 1988 as a contract electronics producer. His partner and present firm chairperson, Savitha Ramesh joined the corporate in 1996. The firm presently maintain a market capitalisation of Rs ₹17,156 Cr with its shares priced at round Rs 2700, in response to Value Search.
The 36-year-old firm primarily provides digital techniques and design companies to car industries, aerospace, medical and defence. Kaynes’s companies are primarily used for digital controls in EVs, railway indicators, and so forth. It can be one of many a number of corporations which largely contributed to the achievement of Chandrayan 3. The firm supplied energy techniques for the Chandrayaan-3’s lander and rover. Following the profitable completion of the mission, Kaynes Technology India’s shares skyrocketed from Rs 1719 in August 2022 to Rs 2683.85 as of at the moment. Presently, Kunhikannan holds 64 per cent of the corporate which is round $1.1 billion (roughly Rs 8.3 thousand crores) to his internet value.
For the primary time, 200 Indians have been positioned on Forbes’s checklist of World’s Billionaires for 2024 on Wednesday, in response to a report by First Post. Mukesh Ambani topped the checklist amongst Indians, turning into India’s richest particular person with a internet value of $116 billion (roughly Rs 966 thousand crores) adopted by Gautam Adani with a internet value of $84 billion (roughly Rs 700 thousand crores).
