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Ramesh Kunhikannan Makes It To Forbes List Of Billionaires After Supplying Parts To Chandraayan-3 – Prime Time News24


The corporate offered energy programs for Chandrayaan-3’s lander and rover.

For the primary time, 200 Indians had been positioned on Forbes’s record of World’s Billionaires for 2024.

India reached an enormous milestone final 12 months, because the nation turned 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 house mission was named on the Forbes Billionaires Checklist 2024 for the primary time this 12 months, because of the historic house mission. He’s presently positioned among the many richest individuals 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 Expertise India, headquartered in Mysore. The corporate is legendary for manufacturing digital merchandise. The 60-year-old billionaire graduated with a Bachelor’s diploma in electrical engineering from the Nationwide 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 corporate presently maintain a market capitalisation of Rs ₹17,156 Cr with its shares priced at round Rs 2700, in response to Worth Search.

The 36-year-old firm primarily provides digital programs and design providers to vehicle industries, aerospace, medical and defence. Kaynes’s providers are primarily used for digital controls in EVs, railway alerts, and so forth. Additionally it is one of many a number of firms which largely contributed to the achievement of Chandrayan 3. The corporate offered energy programs for the Chandrayaan-3’s lander and rover. Following the profitable completion of the mission, Kaynes Expertise India’s shares skyrocketed from Rs 1719 in August 2022 to Rs 2683.85 as of at this time. 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 had been positioned on Forbes’s record of World’s Billionaires for 2024 on Wednesday, in response to a report by First Publish. Mukesh Ambani topped the record amongst Indians, changing into India’s richest individual 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).

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