From roaring crowds to million-dollar auctions, the Indian Premier League thrives on power both on and off the field. But who are the forces behind the franchises?
In IPL 2025, the game is as much about wealth and business acumen as it is about sixes and wickets. Let’s step inside the boardroom and meet the titans controlling the teams.
| Team | Owner(s) | Net Worth | Business Interests | Year Team Acquired | Titles Won |
| Mumbai Indians | Mukesh Ambani (Reliance Industries) | $92.8 billion | Petrochemicals, Telecom (Jio), Retail, Media | 2008 | 5 |
| Gujarat Titans | Steve Koltes, Donald Mackenzie, Rolly van Rappard / Torrent Group | ₹17.9 billion | Pharmaceuticals, Power | 2025 | 1 (2022) |
| Chennai Super Kings | N. Srinivasan (India Cements) | $10 billion | Cement, Cricket Administration | 2008 | 5 |
| Delhi Capitals | JSW Group & GMR Group | $10 billion (combined) | Steel, Energy, Cement, Infrastructure | 2008 | 0 |
| Lucknow Super Giants | Sanjeev Goenka (RPSG Group) | $7,090 crore (purchase price) | Power, Retail, Real Estate | 2021 | 0 |
| Sunrisers Hyderabad | Kalanithi Maran (Sun TV Network) | $2 billion | TV, FM Radio, Film | 2012 | 1 (2016) |
| Royal Challengers Bangalore | Anand Kripalu (United Spirits, Diageo) | $1.2 billion | Alcohol Brands (Johnnie Walker, Smirnoff) | 2008 | 0 |
| Rajasthan Royals | Manoj Badale, Lachlan Murdoch, RedBird Capital | N/A | VC firm, Media, Tech, Entertainment | 2008 | 1 (2008) |
| Punjab Kings | Mohit Burman, Ness Wadia, Preity Zinta, Karan Paul | $10.4 billion (Burman’s Group) | FMCG, Aviation, Textiles, Bollywood | 2008 | 0 |
| Kolkata Knight Riders | Shah Rukh Khan, Juhi Chawla, Jay Mehta (Knight Riders Sports Pvt Ltd) | $109 million (brand value) | Bollywood (Red Chillies Entertainment), Infrastructure | 2008 | 3 (2012, 2014, 2024) |
1. Mukesh Ambani – Mumbai Indians
Mukesh Ambani, India’s richest man, owns the Mumbai Indians via Reliance Industries. With a staggering net worth of $92.8 billion, Ambani’s empire stretches across petrochemicals, telecom (Jio), retail, and media.
His team, bought for $111.9 million in 2008, has clinched five IPL titles and is one of the league’s top brands. Nita and Akash Ambani also play active roles in team management.
2. Steve Koltes, Donald Mackenzie & Rolly van Rappard / Torrent Group – Gujarat Titans
Initially bought by CVC Capital Partners for ₹5,625 crore in 2021, the Gujarat Titans’ ownership changed in 2025. Torrent Group, an Ahmedabad-based conglomerate in pharmaceuticals and power, acquired a 67% stake.
With a business empire worth ₹17.9 billion, Torrent Sports Ventures now spearheads GT’s growth. Gujarat made an explosive entry by winning IPL 2022 in their debut season.
3. N. Srinivasan – Chennai Super Kings
A towering figure in cricket administration, N. Srinivasan owns CSK through India Cements, where he served as Vice Chairman and MD. With a net worth of around $10 billion, he’s not just a team owner but a former BCCI and ICC Chairman. Similarly, CSK, bought for $91 million in 2008, likely has evolved into India’s first sports unicorn in 2022 and boasts five IPL championships.
4. JSW Group & GMR Group – Delhi Capitals
The Delhi Capitals are jointly held by Parth Jindal’s JSW Group and GMR Group. JSW has a mixed portfolio spanning steel, energy, and cement, while GMR excels in infrastructure.
In addition, GMR originally bought the team in 2008 for $84 million. JSW came onboard in 2018 with a 50% stake. Their combined wealth crosses $10 billion, backing DC’s rise in recent seasons.
5. Sanjeev Goenka – Lucknow Super Giants
At the helm of Lucknow Super Giants is Sanjeev Goenka, the billionaire chairman of RPSG Group. He made headlines in 2021 by paying ₹7,090 crore—the highest ever—for an IPL team.
RPSG operates across power, retail, and real estate. With LSG reaching the playoffs in their first two seasons, Goenka’s sports vision is already paying dividends.
6. Kalanithi Maran – Sunrisers Hyderabad
Media magnate Kalanithi Maran owns Sunrisers Hyderabad through Sun TV Network, one of South India’s largest media groups. His $2 billion net worth fuels a business that spans TV, FM radio, and film. SRH joined the league in 2012, replacing Deccan Chargers, and won the title in 2016. His daughter Kaviya Maran is often seen representing the team publicly.
7. Anand Kripalu – Royal Challengers Bangalore
RCB is owned by United Spirits Limited (USL), a Diageo subsidiary, under the leadership of Anand Kripalu. With a net worth of $1.2 billion, USL controls iconic alcohol brands like Johnnie Walker and Smirnoff. RCB hasn’t yet claimed a title but remains one of the most-followed franchises, thanks to star power and branding.
8. Manoj Badale, Lachlan Murdoch & RedBird – Rajasthan Royals
Manoj Badale owns a 65% stake in Rajasthan Royals through Emerging Media. His ventures include Blenheim Chalcot, a VC firm investing in tech and education. American investor Lachlan Murdoch and RedBird Capital also hold stakes. RR famously won the inaugural IPL season in 2008 and continues to focus on nurturing young talent.
9. Mohit Burman, Ness Wadia, Preity Zinta, Karan Paul – Punjab Kings
The Punjab Kings are co-owned by four diverse partners under KPH Dream Cricket Pvt Ltd:
- Mohit Burman (Dabur) – FMCG giant with $10.4B group net worth
- Ness Wadia (Wadia Group) – Aviation and textiles
- Preity Zinta – Bollywood actor and entrepreneur
- Karan Paul – Chairman of the Apeejay Surrendra Group
Though rebranded from Kings XI Punjab, the team is still chasing its maiden title.
10. Shah Rukh Khan, Juhi Chawla & Jay Mehta – Kolkata Knight Riders
KKR, owned by Knight Riders Sports Pvt Ltd, blends Bollywood with business. Shah Rukh Khan’s Red Chillies Entertainment holds a 55% stake, while the Mehta Group owns 45%. KKR lifted the trophy in 2012, 2014, and 2024. With a brand value of $109 million in 2025, it’s among the IPL’s top franchises.
FAQ – IPL Team Ownership 2025
- Who is the IPL chairman in 2025?
Arun Singh Dhumal, former BCCI treasurer, is the current chairman.
- Who owns Lucknow Super Giants in IPL 2025?
Sanjeev Goenka of the RPSG Group.
- Which IPL team is the most valuable in 2025?
Mumbai Indians, with a value over $119 million.
- Who owns RCB in 2025?
United Spirits Limited, a subsidiary of Diageo, led by Anand Kripalu.
- Has Gujarat Titans changed ownership?
Yes, from CVC Capital to Torrent Group in 2025.
