Wim Raymaekers and Mads JUnker scored in the second and 21st minutes before Bruno Arias and Gustavo dos Santos found the net in the 79th and 90th minutes for the Dynamos at the Jawaharlal Nehru Stadium here.
Brazilian World Cupper Elano Blumer pulled one back for Chennaiyin in the 69th minute with another brilliant goal through a free-kick on the night of four stunning goals.
Dynamos were searching for a win after a goal-less draw in their opening match against Pune City FC and 1-1 stalemate against table leaders Atletico de Kolkata and they were the deserved winners as they had more possession and more shots at the goal.
Chennaiyin came back a better side in the second half after off-colour captain Bojan Djordijic was replaced by Colombian John Mendoza as they had more shots at Dynamos goal but tasted their first defeat after back-to-back wins.
With today's win, Dymanos are now on fourth spot in the table with five points while Chennaiyin remained on third with six points.
Former India international Dias found a place for the first time in the Dynamos starting line-up in place of injured Morten Skoubo and he made an impact with a perfect assist that led to the home side's second goal.
Even as the weekend crowd was yet to settle down, central defender Wim Raymaekers scored a stunning goal in the second minute to give the home side an early lead.
Del Piero took a short corner towards Malsawmtulanga who passed the ball to the Belgian full back Raymaekers whose booming shot from the top of the box landed in the top right corner of the Chennaiyin net.
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