Please Ignore this. It has been resolved using this function:
function addSymbols(e) {
var suffixes = ["", "K", "M", "B"];
var order = Math.max(Math.floor(Math.log(Math.abs(e.value)) / Math.log(1000)), 0);
if (order > suffixes.length - 1)
order = suffixes.length - 1;
var suffix = suffixes[order];
return CanvasJS.formatNumber(e.value / Math.pow(1000, order)) + suffix;
}
and declaring it in Y axis.
Thank you.