The Indian Premier League is not just a sporting spectacle but it’s a powerful blend of cricket and business. Behind every successful franchise stands an ownership group that drives strategy, finances, branding and long-term vision. From Bollywood icons and billion-dollars tycoons to global investors and multinational corporations, each team has a unique ownership structure that shapes its identity and future.
Understanding who owns these teams, how much they stake, and the financial muscle they bring offers a deeper look into the squads that powers the world’s biggest T20 league. Below is a detailed breakdown of all ten IPL franchises and the people steering them from behind the scenes.
Delhi Capitals
Delhi Capitals is co-owned equally by the GMR Group and JSW Group, each holding a 50% stake. GMR bought the franchise (formerly called Delhi Daredevils) for $84 million in 2008, while JSW joined in 2018 by acquiring its share for Rs 550 crore, leading to the team’s rebranding.
Parth Jindal of JSW Sports and Kiran Kumar Grandhi of GMR play central roles in shaping the franchise’s cricket, supported by interim CEO Vinod Bisht. Parth Jindal’s net worth is about Rs 6,000 crore, while Kiran Kumar Grandhi’s wealth stands at around Rs 14,130 crore. The team plays at Arun Jaitley Stadium.
Mumbai Indians
Mumbai Indians is wholly owned by Indiawin Sports, a subsidiary of Reliance Industries, making Mukesh Ambani the official owner of the franchise. While he leads the operation, Nita Ambani manages the team’s major activities, and Akash Ambani contributes to core decisions, including auctions and player strategy.
Reliance has owned MI since 2008, ensuring stability and long-term success. The Ambani family’s investment, vision, and hands-on involvement have helped build MI into one of the IPL’s strongest teams. Mukesh Ambani, Asia’s richest man, has a net worth of around Rs 9.55 lacs crore, with Nita Ambani also playing a key leadership role.
Chennai Super Kings
Chennai Super Kings is owned by Chennai Super Kings Cricket Limited (CSKCL), which took charge in 2014 after India Cements stepped back. CSKCL manages everything from contracts to sponsorships, while major shareholders include Trustees of India Cements (30.86%), LIC (6.04%), Sri Saradha Logistics (5.69%), Reliance Capital Trustee (2.51%), Radhakishan Damani (2.39%) and The Boston Company (1.68%).
N. Srinivasan, Vice-Chairman and MD of India Cements, remains the central figure, supported by his daughter Rupa Gurunath. Srinivasan’s net worth is about Rs 720 crore. Despite the 2013 spot-fixing scandal and two years ban, CSK made a fairytale comeback in 2018, winning the IPL title under the leadership of MS Dhoni.
Kolkata Knight Riders
Kolkata Knight Riders is owned by Knight Riders Sports Private Limited, with Shah Rukh Khan’s Red Chillies Entertainment holding 55% and the Mehta Group, led by Juhi Chawla and Jay Mehta, owning 45% while Venky Mysore, the CEO of Red Chillies Entertainment managing the directorial operations of the franchise. Since 2008, this stable ownership has shaped KKR’s identity, with SRK’s passion and star power making him the face of the franchise.
His children Suhana and Aryan are now actively involved in IPL auctions, while the Mehta family’s business expertise adds strong support, with their daughter Janhavi also showing interest. Shah Rukh Khan, the world’s fourth-richest actor, has a net worth of around Rs 12,495 crore , while Juhi Chawla commands around Rs 4,600 crore, backed by investments and business ventures, Jay Mehta’s net worth ranges between Rs 1,000 and Rs 2,400 crore.
Rajasthan Royals
Rajasthan Royals’ ownership has evolved over the years, starting with Emerging Media, Blue Water Estate, Tresco International, and Shilpa Shetty / Raj Kundra from 2008 to 2015. After their suspension, the team returned with a restructured model and Shane Warne received a 3% stake for his contributions. Since 2021, Manoj Badale’s Emerging Media IPL Ltd. has held 65% ownership, supported by RedBird Capital Partners with 15%, while Lachlan Murdoch retains a smaller undisclosed share.
Badale, the lead owner, has an estimated net worth of around Rs 1,371 crore, while Murdoch’s wealth stands at approximately Rs 600 crore. Their leadership has brought stability and strategic growth to the franchise. However, RR has faced several controversies, including the 2010 auction dispute, the 2013 spot-fixing scandal involving three players and the 2015 two-year suspension after co-owner Raj Kundra’s involvement in illegal betting. Despite setbacks, the Royals continue to rebuild and maintain their competitive spirit in the IPL.
Punjab Kings
Punjab Kings is owned by KPH Dream Cricket Private Limited, featuring Mohit Burman, Preity Zinta, Ness Wadia and Karan Paul. Burman, the largest shareholder with 46%, is the key force behind PBKS, while Preity Zinta brings star power and active involvement. Ness Wadia contributes strong business leadership and handles cricketing decisions, while Karan Paul adds steady corporate experience.
Their shares stand at 46% for Burman, 23% each for Zinta and Wadia, and 8% for Paul. Mohit Burman and the Burman family have an estimated net worth of around Rs 86,300 crore, Preity Zinta around Rs 150 crore, and Ness Wadia approximately Rs 58,930 crore, while Karan Paul’s net worth remains undisclosed. This diverse ownership keeps PBKS competitive in IPL through years.
Lucknow Super Giants
Lucknow Super Giants is fully owned by the RPSG Group, led by billionaire industrialist Dr. Sanjiv Goenka. The group, over 100 years old, bought the LSG franchise in 2021 for a record-breaking Rs 7,090 crore, the highest bid in IPL history. Goenka holds 100% ownership, making him the sole decision-maker behind the team.
Known for his deep involvement in sports, he previously owned Rising Pune Supergiants and now also runs Mohun Bagan Super Giant and Durban’s Super Giants through RPSG Sports. As of 2025, Dr. Sanjiv Goenka’s net worth is around Rs 3,42,000 crore, placing him among India’s richest businessmen. His vision is to build a powerful, multi-sport empire.
Gujarat Titans
Gujarat Titans are owned by Torrent Group (67% stacks) and CVC Capital Partners (33% stacks). Known for high-value investments and professional management, CVC shocked the cricket world in 2021 by winning the Gujarat IPL franchise for Rs 5,625 crore. Later, Torrent Group acquired the majority stake.
The team was officially named Gujarat Titans just before the IPL 2022 auction. GT has Sudheer Mehta and Siddharth Patel as a key figure in operations, though their net worth remains undisclosed. Under this strong corporate ownership, Gujarat Titans quickly became one of the IPL’s most commercially successful teams.
Sunrisers Hyderabad
Sunrisers Hyderabad is owned by the Sun Group, one of India’s largest media powerhouses led by Kalanithi Maran. With a vast network of TV channels, FM stations, and publications spread across multiple countries, the Group brings strong corporate experience into the IPL. Since 2020, team operations have been actively handled by Kavya Maran, who oversees everything from auctions to strategic planning.
SRH is fully owned through the Sun TV Network, though the exact share breakdown isn’t publicly revealed. Kalanithi Maran’s estimated net worth is around Rs 26,500 crore, while Kavya Maran’s wealth stands at approximately Rs 409 crore. Their combined business strength has helped establish SRH as one of the most stable franchises in the league.
Royal Challengers Bengaluru
Royal Challengers Bengaluru is owned by United Spirits Limited (USL), India’s largest alcoholic beverages company and a major subsidiary of global giant Diageo. Known for brands like Royal Challenge, Smirnoff, Black & White and Johnnie Walker, USL brings a highly professional corporate touch to the franchise.
RCB was originally purchased by Vijay Mallya in 2008 but fully moved under USL’s control by 2016 after Mallya stepped away due to legal troubles. Today, USL’s leadership oversees the team’s operations, backed by Diageo’s global expertise. The company’s net worth stood at Rs 7,121 crore in FY 2024, reflecting strong financial growth. Interestingly, reports suggest that RCB is currently exploring new ownership as the existing management considers stepping aside, marking another potential shift in the franchise’s journey.
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