60-year-old from Mysore becomes a billionaire after supplying parts to Chandraayan-3

With its landing near the south pole of the moon, Chandrayaan-3 made India the fourth country to achieve this feat, and 60-year-old Ramesh Kunhikannan, a billionaire.

The electrical engineer and founder of Kaynes Technology India in Mysore had supplied electronic systems used to power both the Chandrayaan-3 rover and the lander during the successful mission, Forbes reported.

Kaynes's shares -- whose value had already multiplied by three times since its debut on the Bombay Stock Exchange in November 2022 -- gained another 40 percent after its role in the successful moon mission was made public. This made Kunhikannan's net worth about $1.1 billion, thanks to his 64 percent stake in the company.

Kaynes Technology India gets more than half of its $137 million annual revenue from manufacturing printed circuit board assemblies, Forbes reported. It supplies electronic systems and design services to automotive, aerospace, medical, and defense industries with Kaynes’s products being used in electronic controls in electric vehicles to ventilators and railway signals.