BillionaireNet
Kunhikannan
Ramesh Kunhikannan
Rank #2256
INDIATechnologyElectronics, manufacturing

Ramesh Kunhikannan

Net Worth
$1.667B
-1.32% (24h)
Ramesh Kunhikannan is an Indian entrepreneur and the founder and managing director of Kaynes Technology India. His career began in the electronics industry, eventually leading him to found Kaynes Technology in 1988. His net worth is estimated at $2.3 billion USD as of late 2024. The company, headquartered in Mysore, specializes in assembling printed circuit boards and supplies to 350 clients across the globe in the auto, aerospace, and medical industries. Kunhikannan's success was significantly boosted by his company's contribution to the Chandrayaan-3 mission, which propelled him into the Forbes Billionaires List in 2024.

The Full Dossier

Early Life and Education

Ramesh Kunhikannan was born in Mysore, India, in 1964, to a modest family without ties to the technology sector. From a young age, he displayed a fascination with engineering and innovation. This led him to pursue a bachelor's degree in electrical engineering from the National Institute of Engineering, Mysore.

Rise to Success

In 1988, at the age of 24, Kunhikannan founded Kaynes Technology India, initially as a contract manufacturer of electronics. He transformed a small workshop into a thriving entrepreneurial venture, assembling printed circuit boards for local clients. Faced with challenges like limited access to capital, he secured contracts by providing reliable products at competitive prices. Kunhikannan reinvested profits in cutting-edge equipment, modernizing his workshop and expanding his client base.

Key Business Strategies

Kaynes Technology expanded into high-value-added sectors like aeronautics, defense, and medical. The company became a strategic partner of ISRO, playing a key role in the success of the Chandrayaan-3 mission, which supplied electronic systems for the rover and lander. This led to a significant increase in the company's share value. Kunhikannan's company has eight factories across India and supplies to 350 clients globally.

Philanthropy

Outside of business, Kunhikannan is involved in philanthropy, focusing on education, renewable energy, and community development.

Career Timeline

2024

Forbes Billionaire

Featured on the Forbes Billionaires List.

2023

Chandrayaan-3 Contribution

Kaynes Technology supplied electronic systems to the Chandrayaan-3 mission.

2022

Kaynes Technology IPO

Kaynes Technology went public.

1988

Founded Kaynes Technology India

Founded Kaynes Technology India as a contract electronics manufacturer.

Wealth Trajectory