Ramesh Kunhikanna, Man Who Grew to become Billionaire After Chandrayaan-3 Success

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what is DMA (Direct Market Access)in the Indian share market?

What is DMA?

DMA, or Direct Market Access, is a service offered by stockbrokers that allows traders to place orders directly on the stock exchange’s order book. It eliminates the need for intermediaries, such as market makers or brokers, and provides traders with direct access to the market. This means that orders are executed faster and at potentially better prices.

How Does DMA Work in the Indian Share Market?

In the Indian share market, DMA is facilitated through the use of technology and trading platforms provided by stockbrokers. Traders can access the market through these platforms, which connect them directly to the stock exchange.

Benefits of DMA in the Indian Share Market

1. Speed and Efficiency: DMA enables faster order execution as orders are placed directly on the exchange’s order book. This can be particularly advantageous in volatile market conditions where every second counts.

Conclusion

DMA, or Direct Market Access, is a powerful tool that allows traders to directly access the stock exchange’s order book. In the Indian share market, DMA offers numerous benefits, including speed, transparency, control, lower costs, and access to real-time market data. By utilizing DMA, traders can enhance their trading experience and potentially improve their trading outcomes.

He based Kaynes Expertise in 1988Ramesh Kunhikannan has been named on the Forbes Billionaires Record 2024 for the primary time this yr. With a powerful web value of $1.2 billion, Mr Kunhikannan has secured his place amongst a few of the world’s richest people, together with Elon Musk, Mukesh Ambani, Jeff Bezos and so forth. Mr Kunhikannan, 60, ascended to billionaire standing following India’s area triumph with Chandrayaan-3 in August 2023.5 details about Ramesh Kunhikannan:Ramesh Kunhikannan is the founder and managing director of Kaynes Expertise, an electronics producer headquartered in Mysore, India. Mr Kunhikannan holds a bachelor’s diploma in electrical engineering from the Nationwide Institute of Engineering, Mysore. He based Kaynes Expertise in 1988 as a contract producer of electronics. His spouse, Savitha Ramesh joined the corporate in 1996 and now serves as the corporate’s chairperson. Ramesh Kunhikannan performed a significant position in India’s historic Chandrayaan-3 mission by supplying digital methods to energy each the rover and lander, which contributed to the mission’s profitable touchdown on the Moon’s floor in August 2023. Chandrayaan-3 was a mission led by ISRO with a price range of round ₹615 crore.Ramesh Kunhikannan has 64% stake in Kaynes Expertise and share values of the corporate elevated considerably after the success of Chandrayaan-3. This adopted the corporate’s already spectacular efficiency, with its shares tripling in worth since debuting on the share market in November 2022. Due to this, Mr Kunhikannan’s web value skyrocketed, reaching $1.2 billion in keeping with Forbes.

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