This paper presents the preliminary analysis of Kannada WordNet and the set of relevant computational tools. Although the design has been inspired by the famous English WordNet, and to certain extent, by the Hindi WordNet, the unique features of Kannada WordNet are graded antonyms and meronymy relationships, nominal as well as verbal compoundings, complex verb constructions and efficient underlying database design (designed to handle storage and display of Kannada unicode characters). Kannada WordNet would not only add to the sparse collection of machine-readable Kannada dictionaries, but also will give new insights into the Kannada vocabulary. It provides sufficient interface for applications involved in Kannada machine translation, spell checker and semantic analyser.