Tag: Lucknow Super Giants

Success Story of Sanjiv Goenka: The Owner of RPSG Group

The Indian startup circuit is well known for the mighty figures who have revolutionized the world. Now, as there are millions of companies that have worked for the development of society, the businessmen of India have made the most of the opportunities thrown at them.

Among the companies that have worked for the development of the startup circuit and providing employment, RP-Sanjiv Goenka Group (RPSG) is a brand that is popular in the Indian subcontinent. The man leading this group is Sanjiv Goenka. He has been an influential person throughout his tenure and continues to do so!

Sanjiv Goenka – Biography

Name	Sanjiv Goenka
Born	29 January 1961
Citizenship	Indian
Education	St. Xavier’s College, Kolkata
Title	Chairman of RPSG Group
Net Worth	$4 billion (2025)

Sanjiv Goenka – Background
Sanjiv Goenka – RPSG Group
Sanjiv Goenka – Transforming RPSG Group into a Conglomerate
Sanjiv Goenka – RPSG Group – Highlights
Sanjiv Goenka – RPSG Group – Funding
Sanjiv Goenka – RPSG Group – Acquisitions
Sanjiv Goenka – RPSG Group – Subsidiaries
Sanjiv Goenka – RPSG Group – Lucknow Super Giants
Sanjiv Goenka – Carvaan
Sanjiv Goenka – RPSG Group – Increased Sales
Sanjiv Goenka – An Inspiration

Sanjiv Goenka – Background

Sanjiv was born on 29 January 1961. He pursued his graduation from the prestigious St. Xavier’s College, Kolkata.

Sanjiv Goenka was born in Kolkata in 1961 and is the son of the late Dr. Rama Prasad Goenka. He is married to Preeti Goenka, and they have two children: a daughter named Avarna and a son named Shashwat.

Sanjiv is a former member of the Prime Minister’s Council on Trade and Industry. Presently, he is serving as the chairman of the Board of Directors of Woodlands Medical Center, LTD.

Apart from making a mark on the business sector, he has also taken an interest in the world of sports. Sanjiv is the owner of the ATK Football Club in the Indian Super League. He was elected as the president of the All India Management Association in 2009-2010. Apart from that, he is the chairperson of the prestigious Indian Institute of Kharagpur. Sanjiv Goenka has a net worth of $4.1 billion (2025).

Sanjiv Goenka – RPSG Group

RPSG Group was created by Sanijv Goenka in 2011. This company is named after his father, Late Rama Prasad Goenka. His brother leads the Mumbai-based RPG Group while Sanjiv heads the RPSG Group. The major part of Sanjiv Goenka’s group was the power generation and distribution company CESC Ltd. Hence, to match the power revenues, the junior Goenka had to make his other businesses grow faster. He had to unlock some of the value that had been trapped within the flagship CESC Ltd.

Sanjiv Goenka – RPSG Group – Highlights

Company Name	RPSG Group
Owner	Sanjiv Goenka
Founded	13 July 2011
Headquarters	Kolkata
Revenue/Turnover	$4.5 billion
Subsidiaries	Firstsource, CESC Limited, Saregama, Spencer’s Retail

This company owns retail and real estate businesses. Three businesses in the group have turned around in the past years. These groups are carbon black, music, and film content. Sanjiv Goenka entered the BPO circuit with the purchase of Firstsource Solutions in 2012.

In October 2018, the flagship CESC was split into three parts. These parts were the power generation and distribution business, retail business, and CESC Ventures. The CESC Ventures included IT and FMCG. According to Sanjiv, to turn the business around, the company decided to stop doing business for the sake of top-line, and hence, the team started to focus on profitability.

Sanjiv’s turnaround efforts at Saregama have put the company on track. He had brought in new management to the company, which was a relatively smaller member of the RPSG Group. It had an annual turnover of INR 281.03 crore in the Q4 2023-2024. The company has rights to music content in various Indian languages, and has changed very much in one year! This is all due to Sanjiv’s effort to remodel the company.

Sanjiv Goenka – Transforming RPSG Group into a Conglomerate

Sanjiv has always guided his team. This is the reason that RPSG has become a conglomerate with diverse revenue streams.

Whenever a visitor visits his office, three small identical glass bowls of snacks are served to the visitor. Two of them comprise of snacks from the Goenka group. While the third snack has a popular fried snack from the third company. Sanjiv then challenges his guests to taste the contents of the three bowls and identify the one which is the in-house products. You might wonder why he does this kind of activity. The reason is he wants to get feedback from every visitor to his office.

Although the group’s entry into the FMCG snacks business is new, Goenka has been bullish about its future. He monitors the INR 500 crore FMCG operation, tastes most of the new products himself, and also makes sure that the visitors check out the food. This attitude of Sanjiv has helped him expedite his wish to make the INR 26,000 crore group an even division of the regulated and non-regulated business.

The RPSG Group used to be dependent on the power sector. The main reason is that the power sector comprises 80% of its revenues. Well, today, revenues are evenly distributed and matched between power and other businesses.

Sanjiv Goenka – RPSG Group – Funding

Announced Date	Organization Name	Lead Investor	Funding Round	Money Raised
Jan 4, 2018	True Elements	Yes	Seed Round – True Elements	$671 K
Jul 16, 2020	Editorji	Yes	Corporate Round – Editorji	$6.9 million

Sanjiv Goenka – RPSG Group – Acquisitions

Acquiree Name	Announced Date	Price	Transaction Name
Editorji	Jul 15, 2020	N/A	Editorji acquired by RP-Sanjiv Goenka Group
Apricot Foods	Jul 31, 2017	$68.6 million	Apricot Foods acquired by RP-Sanjiv Goenka Group

Sanjiv Goenka – RPSG Group – Subsidiaries

The RPSG Group subsidiaries are:

Sector	Companies
Power	CESC Limited, Haldia Energy Limited, Dhariwal Infrastructure Limited, Noida Power Company Limited, Integrated Coal Mining Ltd, Crescent Power Limited, Surya Vidyut Limited
IT-Enabled Services	Firstsource
Media and Entertainment	Saregama India Ltd, Open, Fortune India, Editorji
Consumer and Retail	Too Yumm! (Guiltfree Industries Ltd), Evita (Apricot Foods Limited), Spencer’s Retail, Nature’s Basket, Dr. Vaidya’s (Herbolab India Pvt Ltd)
Education and Infrastructure	Quest Mall, Woodlands Hospital
Sports	ATK Mohun Bagan, RPSG Mavericks Kolkata
Plantation	Harrisons Malayalam Limited

Sanjiv Goenka – RPSG Group – Lucknow Super Giants

In August 2021, the Governing Council of the Indian Premier League invited bids for two new teams. Although 22 companies showed interest, only six made serious offers due to the high base price. The RPSG Group, owned by Sanjiv Goenka, won the rights to operate the Lucknow franchise with a bid of ₹7,090 crore (around ₹80 billion or US$950 million in 2023).

The team then held a competition to decide its name, and in January 2022, they chose “Lucknow Super Giants.”

Sanjiv Goenka-KL Rahul Controversy

During IPL 2024, LSG owner Sanjiv Goenka was seen in a heated chat with captain KL Rahul after a 10-wicket loss to SRH. The intense boundary-side exchange went viral, though the audio wasn’t clear. Rahul later said it “was not the nicest thing.” While Goenka downplayed any issues, Rahul was not retained and has since joined Delhi Capitals.

In IPL 2025, KL Rahul helped Delhi Capitals beat his old team LSG with a strong knock of 57* runs. The match was in Lucknow, where Rahul had once been captain. After the game, LSG owner Sanjiv Goenka and his son tried to greet Rahul and praise him. But Rahul walked past them without talking. This moment was caught on camera and went viral, with many saying it showed there were still issues between Rahul and the LSG team.

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Sanjiv Goenka – Carvaan

Saregama’s (one of the RPSG Group companies) product Carvaan now accounts for half of its revenues. Presently, more than a million products have been sold. Hence, due to its success, Goenka has launched smaller hand-held products targeting the younger generation. This hand-held music device has internet connectivity to stream music.

According to Sanjiv, Carvaan was targeted at an older generation. But, the new edition will attract the younger generation too.

Carvaan Go is also available at the company’s online store. The credit for the success of the product also goes to Vikram Mehra. He has worked with different big brands like Tata Sky and Star India.

Sanjiv Goenka – RPSG Group – Increased Sales

In December 2018, Saregama posted a jump of 66% in sales to INR 400 crore from INR 200 crore. Whereas the company posted revenue from operations of INR 866.66 crore in FY24, net profit stood at INR 197.56 crore. The product named Carvaan has been very popular in the Indian subcontinent. The product’s look is inspired by an old Murphy radio that was lying in the company headquarters in Kolkata.

Sanjiv Goenka – An Inspiration

Setting up a brand and making sure that the quality of the products never decreases is quite a difficult task. But, Sanjiv Goenka, RPSG Group owner, has proved the business critics wrong. With perfect planning, he has been successful in expanding the company. Under his leadership, the company is now taking giant strides in the food sector too.

The introduction of Carvaan has enabled the older generation to relive the past. His perfect business tactics have been replicated in the introduction of Carvaan Go. His products have been of high-class quality and are giving stiff competition to the rival brands. His deep interest in investing in football, a sport that has been unable to attract the masses, shows his determination to help the sectors that have been left behind. Truly, Sanjiv Goenka has been an inspiration for many budding entrepreneurs.

FAQs

Who is Sanjiv Goenka?

Sanjiv Goenka is an Indian billionaire entrepreneur. He is the founder and chairman of RPSG Group and an early-stage investor. He is also the owner of an IPL team, Lucknow Super Giants.

What is the full form of RPG Group?

RPG Group stands for Rama Prasad Goenka Group. Harsh Goenka is the chairman of the RPG Group conglomerate.

What is Sanjiv Goenka age?

Sanjiv Goenka was born on 29 January 1961. He is 64 years old.

What is Sanjiv Goenka net worth 2025?

The net worth of Sanjiv Goenka is estimated to be around $4 billion approximately Rs 342,000 crore (2025).

What is the RP Sanjiv Goenka group net worth?

The net worth of RPSG in revenue is $4.3 billion.

Who is CESC Owner?

CESC is owned by the RP-Sanjiv Goenka Group (RPSG), which is led by Sanjiv Goenka as Chairman.

What is RPSG group turnover?

The turnover of RPSG group is $4.5 billion.

What is RPSG full form?

RP-Sanjiv Goenka is the full form of RPSG.

April 25, 2025

Most Valuable IPL Teams 2024

The Indian Premier League (IPL) is one of the most high-profile cricket leagues in the world, known for its star-studded lineups, and thrilling matches. However, the league’s significance goes beyond just sporting entertainment. With teams representing significant cities and corporate giants, the IPL has evolved into a massive business venture, generating yearly revenue. In this article, we delve into the financial powerhouses of the IPL, highlighting the most valuable teams that are not only dominating the pitch but also the boardroom.

Mumbai Indians
Chennai Super Kings
Kolkata Knight Riders
Royal Challengers Bangalore
Gujarat Titans
Delhi Capitals
Rajasthan Royals
Sunrisers Hyderabad
Lucknow Super Giants
Punjab Kings

Mumbai Indians

Team Mumbai Indians

Owner Reliance Industries

Value INR 725 crore

Most Valuable IPL Teams 2024 – Mumbai Indians

Mumbai Indians is a highly acclaimed professional cricket team from Mumbai, Maharashtra. It was founded in 2008 and is owned by the prestigious Indian conglomerate Reliance Industries. It holds a 100% stake in its subsidiary – India Win Sports. The team has established itself as one of the most successful franchises in the history of the Indian Premier League (IPL) tournament, having won the championship title five times. The team’s impressive track record is attributed to the hard work and dedication of its players, coaches, and support staff, who have strived to maintain its high standards and reputation over the years.

In addition to its on-field success, the Mumbai Indians franchise has recently witnessed a significant increase in its brand value. According to reports, the team’s brand value has seen a 5% surge compared to the previous year, and it currently stands at an impressive Rs 725 Crores. This remarkable increase is a testament to the team’s widespread popularity and ability to attract and retain loyal fans. The Mumbai Indians franchise is undoubtedly one of the most valuable and sought-after franchises in the IPL tournament, and it continues to inspire and entertain cricket enthusiasts across the globe.

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Chennai Super Kings

Team Chennai Super Kings

Owner India Cements

Value INR 672 crore

Most Valuable IPL Teams 2024 – Chennai Super Kings

Chennai Super Kings (CSK) is a professional cricket team representing Chennai in the Indian Premier League (IPL). The team was founded in 2008 and has since become one of the most successful franchises in the IPL. They play their home matches at the M. A. Chidambaram Stadium in Chennai, which has a seating capacity of 50,000.

India Cements owns the team through its subsidiary, Chennai Super Kings Cricket Limited. CSK has won five IPL titles, which they share with the Mumbai Indians. They have also appeared in a record ten finals and have qualified for the playoffs 12 times out of the 14 seasons they have played, which is more than any other team. In 2023, CSK won their fifth IPL title in a thrilling match against the Gujarat Titans. Ravindra Jadeja played a crucial role in the final, hitting a six and a four off the final two balls to help the team clinch victory. This record-breaking win was a testament to the team’s resilience, determination, and skill.

CSK’s brand value has consistently increased yearly, with a 9% increase in the latest season. The team’s popularity results from its consistent performance on the field and strong leadership, with MS Dhoni captaining it for several seasons.

Regarding sponsorship, CSK landed a lucrative deal with Etihad Airways for the 2024 season, a testament to the team’s brand value and popularity. With a strong team and a loyal fan base, CSK is one of the most respected and successful franchises in the IPL.

Kolkata Knight Riders

Team Kolkata Knight Riders

Owner Shah Rukh Khan, Juhi Chawla, Jay Mehta, and Red Chillies Entertainment

Value INR 655 crore

Most Valuable IPL Teams 2024 – Kolkata Knight Riders

The Kolkata Knight Riders (KKR) are a professional cricket team representing the city of Kolkata in the Indian Premier League (IPL). Famous Bollywood actor Shah Rukh Khan owns the franchise and has a rich history of success in the IPL. Over the years, KKR has developed many rivalries with other teams due to their consistent performances in the tournament.

The Knight Riders play their home matches at the iconic Eden Gardens, which the Cricket Association of Bengal owns. The stadium has a seating capacity of over 66,000 and is known for its electrifying atmosphere during KKR matches. Despite their last IPL win in 2014, the KKR brand value remains solid due to their passionate and loyal fan base. The team’s past success, combined with their star-studded lineup and aggressive playing style, has made them one of the most exciting teams to watch in the IPL.

Royal Challengers Bangalore

Team Royal Challengers Bangalore

Owner United Spirits Limited

Value INR 582 crore

Most Valuable IPL Teams 2024 – Royal Challengers Bengaluru

Royal Challengers Bangalore (RCB) is a professional cricket team based in Bengaluru, India, and one of the franchises participating in the Indian Premier League (IPL). United Spirits Limited, a subsidiary of the Diageo Group, owns the team. It is known for its #PlayBold philosophy, which reflects its spirit on and off the field. The team’s motto, “Defeats don’t defeat us; the Challenger Spirit keeps us alive,” represents the players’ and fans’ never-give-up attitude.

Despite not winning an IPL title yet, the Royal Challengers Bangalore is one of the league’s most popular and successful teams. The team has a massive and dedicated fan base that extends globally, and they are known for their passionate support for the team. One of the reasons behind the team’s enormous popularity is the presence of the Indian cricket team player, Virat Kohli, who is also the captain of RCB.

In 2023, the team announced a three-year partnership with Qatar Airways, a significant milestone for the team and the league. This partnership will not only boost the team’s profile but also help expand the reach of the IPL globally.

Gujarat Titans

Team Gujarat Titans

Owner CVC Capital Partners

Value INR 545 crore

Most Valuable IPL Teams 2024 – Gujarat Titans

Established in 2021, Gujarat Titans is a professional cricket franchise that participates in the Indian Premier League (IPL). The team is based in Gujarat and plays its home matches at the world-renowned Narendra Modi Stadium in Motera. CVC Capital Partners, a leading global private equity firm, owns the franchise.

The team is led by the talented and promising batsman Shubman Gill, who has been instrumental in guiding the team to success. In the 2022 season, under the captaincy of all-rounder Hardik Pandya, the team emerged victorious by clinching their maiden IPL title in their debut season. The achievement was a testament to the team’s hard work, dedication, and excellent teamwork. The team’s home ground is the Narendra Modi Stadium, which boasts state-of-the-art facilities and a seating capacity of over 100,000. Located in Motera, Gujarat, the stadium is one of the largest cricket stadiums in the world and has hosted several high-profile cricket matches.

Gujarat Titans have been a force to reckon with in the IPL, having enjoyed a 38% increase in brand value since last year. They have captured the imagination of cricket fans with their attacking play style and earned a reputation for being a formidable team.

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Delhi Capitals

Team Delhi Capitals

Owner JSW Sports and GMR Sports

Value INR 537 crore

Most Valuable IPL Teams 2024 – Delhi Capitals

Delhi Capitals (formerly Delhi Daredevils) are a professional franchise cricket team based in Delhi. The GMR Group and the JSW Sports jointly own the franchise. Delhi Capitals, previously known as Delhi Daredevils, is a professional cricket team representing the city of Delhi in the Indian Premier League (IPL). The GMR Group and JSW Sports jointly own the franchise. The team is captained by Rishabh Pant and coached by the legendary Australian cricketer Ricky Ponting.

The Capitals made their first-ever IPL final appearance in 2020, facing the Mumbai Indians. Although they couldn’t emerge victorious, their impressive performance and fighting spirit won them many fans nationwide. Despite having yet to win an IPL title, the Delhi Capitals have been one of the most consistent teams in the tournament in recent years. They have a strong core of talented players performing exceptionally well, and their resurgence has contributed significantly to their growth.

Regarding brand value, the Delhi Capitals’ value increased by 3% year-on-year, although they have slipped one place down to sixth in the rankings. However, their constantly improving performance and fan following suggest they are on the right track. The Delhi Capitals have also been successful in securing new sponsorships. For instance, NueGo, India’s leading intercity electric AC bus service from GreenCell Mobility, has collaborated with DC for the 2024 season.

Rajasthan Royals

Team Rajasthan Royals

Owner The Royals Sports Group

Value INR 521 crore

Most Valuable IPL Teams 2024 – Rajasthan Royals

Rajasthan Royals is a professional cricket team representing Jaipur in the Indian Premier League (IPL). The team was founded in 2008 as one of the initial eight franchises of the league and has since been a consistent participant in the tournament. The franchise has seen a steady 2% year-on-year increase in brand value, which is a testament to the team’s success and popularity among cricket fans in India and abroad.

With the upcoming season, Rajasthan Royals have an excellent opportunity to break their trophy drought and make a mark in the tournament. The team boasts plenty of talent in their squad, comprising some of the best players in the world of cricket. RR has extended its sponsorship deal with Luminous Power Technologies to strengthen its position ahead of IPL 2024. The team’s association with Luminous Power Technologies is a testament to the brand’s commitment to supporting sports and promoting a healthy and active lifestyle.

Sunrisers Hyderabad

Team Sunrisers Hyderabad

Owner SUN Group

Value INR 401 crore

Most Valuable IPL Teams 2024 – Sunrisers Hyderabad

Sunrisers Hyderabad is a professional cricket team in the Indian Premier League (IPL). The franchise is based in Hyderabad, Telangana, and is owned by Kalanithi Maran of the SUN Group. The team was established in 2012 after the IPL terminated the Hyderabad-based Deccan Chargers.

Sunrisers made their IPL debut in 2013 and made an impressive start by reaching the playoffs in their first season. In 2016, the team won their maiden IPL title, defeating the Royal Challengers Bangalore by eight runs in the final. Since their title win, the team has qualified for the playoff stage of the tournament in every season. However, Sunrisers Hyderabad (SRH) is the only IPL franchise to see a year-on-year decline. Their brand value of 401 crore rupees is 1% lower than last year, and the franchise is looking to rectify their disappointing on-field performances this season.

Despite their struggles, SRH boasts of a talented squad, including arguably the best overseas pool of any team. The team’s principal sponsor for the 2024 IPL is FanCraze.

Lucknow Super Giants

Team Lucknow Super Giants

Owner RPSG Group

Value INR 392 crore

Most Valuable IPL Teams 2024 – Lucknow Super Giants

Lucknow Super Giants (LSG) is a professional cricket team based in Lucknow, Uttar Pradesh, India. The franchise is owned by the RPSG Group, who also owned the Rising Pune Supergiant franchise in the Indian Premier League (IPL) between 2016 and 2017. LSG is captained by the talented Indian cricketer KL Rahul, who has been putting up an impressive performance in the IPL and is a critical player in the Indian national team.

Despite being ranked ninth in the tournament, the team has shown remarkable growth in its brand value, with a staggering 48% increase compared to the previous year. The franchise’s success can be attributed to its exceptional performance in the IPL, which has helped it gain a strong fan following. LSG has made two playoff appearances in their first two seasons, which is a commendable effort for a relatively new team. The team has a well-balanced squad, with some of its ranks’ best domestic and international players. LSG’s batting lineup is led by KL Rahul, one of the best batsmen in the world. It is supported by other talented players such as Mayank Agarwal, Chris Gayle, and Nicholas Pooran. The bowling attack is spearheaded by the experienced Australian pacer Nathan Coulter-Nile. It includes the likes of Mohammed Shami, Ravi Bishnoi, and Murugan Ashwin.

The franchise’s principal sponsor is My11Circle, a popular fantasy sports platform. The team has also partnered with other brands, such as Tata Motors, Jio, and Kotak Mahindra Bank, which has helped it increase its revenue streams. With a solid fan base and a talented team, LSG is poised to achieve even greater success in the future.

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Punjab Kings

Team Punjab Kings

Owner Mohit Burman, Ness Wadia, Preity Zinta, and Karan Paul

Value INR 377 crore

Most Valuable IPL Teams 2024 – Punjab Kings

Punjab Kings (PBKS) is a professional franchise cricket team established in 2008 as Kings XI Punjab (KXIP) based in Mullanpur, Punjab. The franchise is jointly owned by Mohit Burman, Ness Wadia, Preity Zinta, and Karan Paul. The team has been playing its home matches at the PCA Stadium in Mullanpur. Still, since the 2010 season, they have also played some of their home matches at Dharamsala and Indore.

PBKS is a team that has been struggling to make a mark in the Indian Premier League (IPL), having not qualified for the playoffs since 2014, despite some close calls in recent seasons. The team has been performing well, but more is needed to take them to the playoffs. PBKS is looking forward to the 2024 season, hoping to turn things around and make it to the playoffs.

PBKS is currently ranked tenth in the IPL with a brand value of 377 Crore rupees, up 1% from last year. The team has a solid fan base, and their home matches are always well-attended. With a talented squad of players and a dedicated coaching staff, PBKS is determined to make a mark in the IPL and bring home the coveted trophy.

FAQs

Which is the most valuable IPL team in 2024?

Mumbai Indians with a brand value of INR 725 crores is the most valuable IPL team 2024.

Who is the owner of Gujarat Titans?

CVC Capital Partners is the owner of Gujarat Titans.

Which team’s value has a year-on-year decline?

Sunrisers Hyderabad (SRH) is the only IPL franchise to see a year-on-year decline. Their brand value of 401 crore rupees is 1% lower than last year, and the franchise is looking to rectify their disappointing on-field performances this season.

March 26, 2024
Most Valuable Teams in the Indian Premier League in 2023
Cricket is a religion in India. The masses love the sport, which has been possible due to India’s constant production of the best of talents and some of the greatest names in world cricket. From Sachin Tendulkar, and Mahendra Singh Dhoni to Virat Kohli – the players have led this growth but the most powerful dominator to drive growth for the game has been possible because of the induction of the biggest cricketing festival on the planet, arguably – The IPL. The Indian Premier League frenzy is back with its 16th season. With back-to-back thrilling matches, the IPL is witnessing its valuations soaring over the years. With an annualized growth rate of 24%, IPL has overtaken the growth rate for NFL team values of 10% and 16% for NBA team values.

The recession-proof T20 league, with an overflowing rake in viewership and ad revenues higher than the previous editions, will most certainly take over the cricketing world.

Here’s the list of Forbes’ most valuable teams of IPL 2023 —

Mumbai Indians
Chennai Super Kings
Kolkata Knight Riders
Lucknow Super Giants
Delhi Capitals
Royal Challengers Bangalore
Rajasthan Royals
Sunrisers Hyderabad
Punjab Kings
Gujrat Titans

Mumbai Indians

Team Mumbai Indians

Owner Mukesh Ambani, Nita Ambani, Reliance Industries Limited

Valuation $1.3 Billion or INR 9968 Crore

IPL 2023 – Mumbai Indians, Most Valuable Team

The five-time champion Mumbai-based franchise comes first on the list. With a valuation of $1.3 billion or INR 9968 crore, the Ambani-owned company is sure to grow in the coming seasons.

When the BCCI established the IPL in 2007, Mumbai Indians was the most expensive team to be sold for $111.9 million to India’s largest conglomerate, Reliance Industries, through its 100% subsidiary Indiawin Sports.

MI has won the IPL title for a record-breaking five times in a year— 2013, 2015, 2017, 2019, and 2020, making it the most successful team in the league. Over the years, the franchise has featured players like— Lasith Malinga, Rohit Sharma, Harbhajan Singh, Jayasuriya, Surya Kumar Yadav, Jasprit Bumrah, Hardik Pandya, Ishan Krisan, along with other players who had a crucial role in the team’s success.

With master-blaster Sachin Tendulkar as the franchise’s icon, the Rohit Sharma-led team is ready to reinvent itself with a new approach and strategy for IPL 2023. Currently sitting at 6th place this season, the franchise is confident with its players trained under former South Africa wicketkeeper-batter Mark Boucher the head coach— under veteran all-rounder Kieron Pollard for batting, former Auckland cricketer James Pamment for fielding and Shane Bond for bowling.

With an operating income of $5.5 million and revenue of $33 million, Mumbai Indians will grow in the coming seasons: providing a prime investment opportunity for potential investors.

Chennai Super Kings

Team Chennai Super Kings

Owner India Cements

Valuation $1.5 Billion or INR 9440 Crores

IPL 2023 – Chennai Super Kings, Most Valuable Team

In number two, we have the four-time champion— the Chennai Super Kings (CSK). Owned by India Cements for $91 million, the team currently has an operating income of $14.8 million and a revenue of $41.2 million. With its consistent and massive fan base, CSK became India’s first sports unicorn in February 2022, worth $1.02 billion or INR 8377 crore.

Winning the title four times in 2010, 2011, 2018, and 2021, CSK boasts the record of most appearances in the playoffs (eleven) and the Final (nine) and has the highest winning percentage of 58.98%. Several prominent players like— Matthew Hayden, Muttiah Muralitharan, Brendon McCullum, Suresh Raina, Mike Hussey, Dwayne Bravo, Faf du Plessis, Ravichandran Ashwin, Ravindra Jadeja, Albie Morkel, Murali Vijay, and MS Dhoni—have played their part in making the franchise successful.

Captained by MS Dhoni, the franchise under the head coach– former New Zealand captain Stephen Fleming, former IPL Orange Cap winner Michael Hussey the batting coach, West Indies all-rounder Dwayne Bravo the Bowling Coach and Rajiv Kumar, the Fielding Coach for IPL 2023. Currently ranking at number 3, with three wins and two losses, the Dhoni-led yellow army will remain a force to be reckoned with— both in terms of their performance and financial success.

Kolkata Knight Riders

Team Kolkata Knight Riders

Owner Shahrukh Khan, Juhi Chawla, Jay Mehta, Red Chillies Entertainment

Valuation $1.1 Billion or INR 9029 Crores

IPL 2023 – Kolkata Knight Riders, Most Valuable Team

Shah Rukh Khan’s Kolkata Knight Riders follow CSK to rank third in the Forbes list. The two-time IPL champions— 2012 and 2014, have crossed the billion-dollar mark in valuation and have an operating income of $14.1 million and a revenue of $41.2 million.

Representing the city of joy, Kolkata, this franchise is owned by Bollywood superstar Shah Rukh Khan’s Red Chillies Entertainment in partnership with actress Juhi Chawla and her spouse Jay Mehta for a price of $75.09 million or INR 616 crores in 2007.

With the strong performance of prominent players like Shreyas Iyer, Andre Russell, Sunil Narine, and Shakib Al Hasan, the franchise was successful two times in winning the title. For the 2023 IPL, the team has been training under the guidance of head coach Chadrakant Pandit, former Indian fast bowler Bharat Arun as the bowling coach, and former Netherlands all-rounder Ryan ten Doeschate as the fielding coach. Nitish Rana led the team mentored by David Hussey and is aiming for the top this season.

Lucknow Super Giants

Team Lucknow Super Giants

Owner RPSG Group, Sanjeev Goenka

Valuation $1.075 Billion or INR 8822 Crores

IPL 2023 – Lucknow Super Giants, Most Valuable Team

The newly formed RP-Sanjiv Goenka Group-owned franchise stands at number four in Forbes’ list of valuable IPL teams. In 2021, the Sanjiv Goenka-owned RPSG Group, which previously owned the Rising Pune Supergiant, won the rights to operate the Lucknow franchise at INR 7,090 crores.

Within a year of its formation, the KL Rahul-led team shot into the top half of the valuation rankings after they finished third in the previous season of the IPL, with players like KL Rahul, Quinton de Kock, Marcus Stoinis, Deepak Hooda, and Manan Vohra. Under the mentorship of Gautam Gambhir, former Zimbabwean cricketer Andy Flower as the head coach, South African fast bowler Morne Morkel as the bowling coach, and African legend Jonty Rhodes as the fielding coach, LSG is currently ranking second in the point table with four wins and two losses.

With a valuation of $1.075 billion or INR 8822 crores, the Lucknow SuperGiants are expected to emerge as a significant team in the league.

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Delhi Capitals

Team Delhi Capitals

Owner GMR Group, JSW Group

Valuation $1.035 Billion or INR 8496 Crores

IPL 2023 – Delhi Capitals, Most Valuable Team

Initially named Delhi Daredevils, the Delhi-based franchise is co-owned by the GMR Group and the JSW Group and has a valuation of $1.035 billion or INR 8496 crores. Bolt, the Electric vehicles (EV) infrastructure provider, 2022 had signed up to become the principal sponsor for the franchise.

With prominent players like Shreyas Iyer, Rishabh Pant, Shikhar Dhawan, Prithvi Shaw, and Ravichandran Ashwin, the Delhi Capitals have been amongst the most consistent teams in the IPL but have played the final match only once in 2020.

The David Warner-led franchise is yet to win its title.

Training under the former Australian captain Ricky Ponting, who is the head coach, former Delhi Capitals captain James Hopes is the fast bowling coach, and Biju George as fielding coach DC is buckled up for some action this season.

Royal Challengers Bangalore

Team Royal Challengers Bangalore

Owner United Spirits

Valuation $1.025 Billion or INR 8416 Crores

IPL 2023 – Royal Challengers Bangalore, Most Valuable Team

Named after a liquor brand, Royal Challenge, the Royal Challengers Bangalore (RCB) comes sixth in the valuation rankings despite its incredible popularity. During its inception in 2007, Vijay Mallya purchased the Bangalore franchise by paying $111.6 million— the then second-highest bid for a team. And after the 2016’s Mallya scam, the ownership got transferred to United Spirits.

The franchise has an overall valuation of $1.025 billion or INR 8416 crores and produces an income of $36.4 million and a working pay of $9.7 million. Though the franchise ranks low in the valuation rankings, it boasts the most loyal fanbase.

With prominent players like Virat Kohli, AB de Villiers, Devdutt Padikkal, Yuzvendra Chahal, and Glenn Maxwell, the franchise had thrice finished runners-up, and the team holds the records of both the highest and the lowest totals in the IPL – 263/5 and 49 respectively.

Under the Indian all-rounder Sanjay Bangar as the head coach of RCB, former Indian all-rounder Sridharan Sriram as the batting and spin bowling coach, Adam Griffith as the bowling coach, and Malolan Rangarajan as not only the fielding coach but also their talent scout, the Faf du Plessis led team, who came third in the previous season is prepared to redeem themselves and lift their maiden Trophy.

Rajasthan Royals

Team Rajasthan Royals

Owner Manoj Badale-led Emerging Media IPL Ltd and Lachlan Murdoch

Valuation $1 Billion or INR 8210 Crores

IPL 2023 – Rajasthan Royals, Most Valuable Team

In 2007, with a bid of $67 million, Emerging Media Ltd owned the least expensive team in the league. The Rajasthan Royals (RR) has a valuation of $1 billion or INR 8210 crores and has an operating income of $6.6 million and revenue of $31.7 million. Ahead of IPL 2022, the Rajasthan-based franchise signed with Dollar Industries as their principal sponsor for a multi-year partnership.

With prominent players like Shane Warren, Yusuf Pathan, Rahul Dravid, Jos Buttler, Sanju Samson, Yuzvendra Chahal, and Trent Boult, RR has maintained its gameplay and has once won the title– during the inaugural season.

The team is training under the legendary Sri Lankan player Kumar Sangakkara— RR’s head coach, former Sri Lanka fast bowler Lasith Malinga as the team’s fast bowling coach and the former Rajasthan Royals wicketkeeper Dishant Yagnik as the fielding coach. Captained by Sanju Samson for the third time, Royals is topping the points table and will be keen to progress with a second title in the cash-rich league.

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Sunrisers Hyderabad

Team Sunrisers Hyderabad

Owner Kalanithi Maran and Sun TV Network

Valuation $970 Million or INR 7964 Crores

IPL 2023 – Sunrisers Hyderabad, Most Valuable Team

With a market worth of $970 million or INR 7964 crores, Sun Network Ltd owned this 2016 IPL champion with an operating income of $3.2 million and revenue of $31.8 million. The Hyderabad-based franchise was founded in 2012, replacing the Deccan Chargers, and won their maiden title in 2016.

Notable players like David Warner, Kane Williamson, Rashid Khan, Bhuvneshwar Kumar, Jonny Bairstow, Shikhar Dhawan, Pragyan Ojha, and Bhuvneshwar Kumar have assisted the team with their consistent performances over the years.

Trained by the former South African bowler Dale Steyn for fast bowling, former Sri Lankan off-spinner Muttiah Muralitharan for spin bowling,

Former Indian player Hemang Badani for fielding and headed by the West Indies’ veteran batsman Brian Lara as the head coach, the team led by Aiden Markram is all set to claim the IPL title.

Punjab Kings

Team Punjab Kings

Owner Preity Zinta, Ness Wadia, Karan Paul, Mohit Burman

Valuation $925 Million or INR 7595 Crores

IPL 2023 – Punjab Kings, Most Valuable Team

Previously known as Kings XII Punjab, the 2007-formed team has never won an IPL. Jointly owned by Mohit Burman, Ness Wadia, Preity Zinta, and Karan Paul, Punjab Kings has the lowest valuation amongst all IPL franchises— with $925 million or INR 7595 crores, they create an income of $31.2 million and have a working pay of $9.8 million.

Though prominent players like Shikhar Dhawan, Kagiso Rabada, Shahrukh Khan, Arshdeep Singh, and Jonny Bairstow have featured in the team, Punjab Kings is yet to make an impact in the IPL.

The Shikar Dhawan-led team will have Trevor Bayliss, the veteran Australian Coach as head coach with Charles Langeveldt, fast bowling coach and India’s highly decorated top-order batsman, Wasim Jaffer as the batting coach for the 2023 IPL season.

Gujrat Titans

Team Gujarat Titans

Owner Steve Koltes, Donald Mackenzie, Rolly van Rappard

Valuation $850 Million or INR 6979 Crores

IPL 2023 – Gujarat Titans, Most Valuable Team

Established in 2021, Gujarat Titans made history in 2022 when Hardik Pandya led Team to win the title in their first-ever season. Presently, in tenth place in the valuation rankings, the CVC Capital Partners-owned team has a value of $850 million or INR 6979 crores. With prominent players like Hardik Pandya, Rashid Khan, and Shubman Gill, the Gujarat-based franchise has begun its race in the IPL. Mentored by Gary Kirsten, who is also their batting coach, and headed by former India fast bowler Ashish Nehra as the head coach, Hardik Pandya led is all set to defend their title in the 16th edition of IPL.

Overall, the Indian Premier League is an amalgamation of India’s diversity, passion for the sport, the commercial narrative that the game has laid on India’s business ecosystem, and most importantly – an incredible showcase opportunity for entrepreneurs and startups as more startups get the exposure and the world as their stage, plus an incredible opportunity to network with some of the greatest names in business and cricket – the Indian ecosystem will be a winner, always. Not crocket, not startups – but the whole economy!

FAQs

Which is the most valuable team of IPL in 2023?

Mumbai Indians, owned by the Ambanis is the most valuable team of IPL in 2023.

Which is the lowest-valued team of IPL in 2023?

Gujarat Titans are the lowest-valued team of IPL in 2023, valued at $850 million or INR 6979 crores.

Who owns Royal Challengers Bangalore after the Mallya scam in 2016?

After the Mallya scam in 2016, the ownership of Royal Challengers Bangalore got transferred to United Spirits.

What are the 10 most valuable teams of IPL 2023?

Here’s the list of Forbes’ most valuable teams of IPL 2023 —
- Mumbai Indians
- Chennai Super Kings
- Kolkata Knight Riders
- Lucknow Super Giants
- Delhi Capitals
- Royal Challengers Bangalore
- Rajasthan Royals
- Sunrisers Hyderabad
- Punjab Kings
- Gujarat Titans
April 24, 2023
List of IPL Teams Owners 2022 | Who Are the Owners of IPL Teams?
It is pretty apparent that Indians love cricket, and millions of Indians look forward to this specific cricket event every summer. And if you’re a fellow cricket lover, you’ll understand what we’re talking about. The Indian Premier League, or IPL, is one of India’s most popular cricket tournaments. Fans look forward to seeing their favorite cricketers from across the world compete in teams.

The event is grand, and advertisers invest millions of dollars in it. But the main attraction before the event is the auction of players. Team owners spend so much money to get the most suitable players for their teams. Fans also observe this auction very carefully as it makes or breaks their favorite teams.

These club owners place bids for the players they desire, and if the player is popular or trendy, the costs might skyrocket. On the 12th and 13th of February, the IPL auction took place in Bangalore. The occasion was spectacular, and all of the team owners attended. When their favorite players were selected by their beloved teams, the supporters were ecstatic.

Let’s take a look at how many teams are present this year, as well as all of their owners.

List of IPL Teams
Mumbai Indians

Owner: Reliance Industries Ltd.

Mumbai Indians

Let’s start the list with one of the most popular teams in the game, Mumbai Indians. As the name suggests the team is based in Mumbai, Maharashtra. Mumbai Indians is a team completely owned by the Reliance Industries Ltd. Mukesh Ambani and Neeta Ambani bought Mumbai Indians in 2008. The team has won a lot of matches and has a massive fan following. The massive fan base stems from the renowned record of successful tournaments as well as the great players associated with it, such as Sachin Tendulkar, Malinga, Rohit Sharma, and others.

Chennai Super Kings

Owners: India Cements, Sharda Logistics, LIC, Radhakishan Damani, and Non-Promoter Group

Chennai Super Kings

The Chennai Super Kings are one of the most popular teams in the country, with major stars like MS Dhoni, Raina, Bravo, and a slew of others. This year, the squad has five owners and has become India’s first unicorn sports team. The team is 54.6% owned by India Cements, 30.1% by Sharda Logistics, 6.9% by LIC, 6% by Radhakishan Damani, 2.4% Non-Promoter Group.

Kolkata Knight Riders

Owners: Red Chillies Entertainment & Mehta Group

Kolkata Knight Riders

Kolkata Knight Riders also known as KKR, is a team based in Kolkata, West Bengal. The team is known for their catchy phrase in Bengali, ‘Korbo, Lorbo, Jeetbo Re’. The team is owned 55% by Shah Rukh Khan’s Red Chillies Entertainment and 45% by Juhi Chawla and husband Jay Mehta’s Mehta Group.

Royal Challengers Bangalore

Owner: United Spirits Ltd.

Royal Challengers

The team, commonly referred to as RCB, is a force to be reckoned with in terms of talent. Many great names are associated with it, however, they are sometimes referred to as “underachievers” owing to some of their poor performances. United Spirits established the team, which is named after their well-known liquor brand Royal Challenge. The squad has a large fan base, and when it comes to games, the fans are incredibly enthusiastic and dedicated. The team is completely owned by United Spirits Ltd.

Rajasthan Royals

Owners: Emerging Media, Spinners (Shane Warne), Blue Water Estate Ltd, Tresco International Ltd, and RedBird Capital

Rajasthan Royals

This team is known for buying unknown or less popular cricketers who have never played in such events. The management of the Royal Challengers is known to help upcoming cricketers become well-known faces. Most fans adore this quality of their favorite team. The team is owned by five different owners. The owners are Emerging Media, Spinners (Shane Warne), Blue Water Estate Ltd, Tresco International Ltd, RedBird Capital.

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Punjab Kings

Owners: Dabur, Wadia Group, Preity Zinta, and Apeejay Group

Punjab Kings

The franchise is based in Mohali, Punjab, and was previously known as Kings XI Punjab. The squad has a sizable fan base. At the time, the team is owned by four separate entities. The team is owned 46% by Dabur, 23% by Wadia Group, 23% by Preity Zinta and 8% by Apeejay Group.

Sunrisers Hyderabad

Owner: Kalanithi Maran

Sunrisers Hyderabad

The team is based in Hyderabad, Telangana, and debuted in the IPL in 2013. The team was launched in 2012 after the IPL canceled the Hyderabad-based Deccan Chargers. Sunrisers replaced Deccan Chargers due to the bankruptcy of the Deccan Chronicles. Kalanithi Maran of the Sun TV Network owns the new Hyderabad-based team.

Delhi Capitals

Owners: GMR Group and JSW Group

Delhi Capitals

The Delhi Capitals, formerly known as the Delhi Daredevils, first competed in the IPL in 2021. The squad has always been chastised by its fans for its dismal performance in previous competitions prior to the name change. However, they have done well in the previous two tournaments. They put up a fantastic show and finished at the top spots of the point table. GMR Group owns half of the corporation, while JSW Group owns the other half.

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Gujarat Titans

Owner: CVC Capital

Gujrat Titans

The Ahmedabad, Gujarat-based team, which was founded in 2021, will compete in its debut tournament this year. Hardik Pandya will head the team, which will be coached by Ashish Nehra. The franchise is owned by CVC Capital, and the fans are thrilled to have a new team to look forward to.

Lucknow Super Giants

Owner: RPSG Ventures Ltd.

Lucknow Super Giants

The team was created in 2021, and its debut event will be held in 2022. It’s a team from Lucknow, Uttar Pradesh. KL Rahul is the captain this year, while Andy Flower is the team coach. The team is owned by RPSG Ventures Ltd. The supporters are ecstatic to have a new team to support.

Conclusion

The Indian Premier League, or IPL, is one of the country’s most popular cricket tournaments, with a large fan following. Teams are worth millions of dollars to companies and businesses. The better the players, the better the team and the higher the brand value, which is why the owners take the bidding process seriously and attempt to acquire as many strong players as possible. The auction is always exciting to watch, and fans are eager to see which players are assigned to which teams.

FAQs

Who has scored the fastest 50 in IPL?

KL Rahul has scored the fastest 50 in 2018. He faced 14 balls and made 51 runs.

Why did CSK leave the IPL for 2 years?

The team was suspended from the IPL for two years beginning in July 2015 owing to their owners’ participation in the 2013 IPL betting case.

Is IPL under the BCCI?

Yes, IPL was founded by the BCCI in 2007.

Who is the owner of Mumbai Indians IPL team?

Mumbai Indians IPL Team is owned by Reliance Industries group – Mukesh Ambani, Nita Ambani along with son Akash Ambani.

Which IPL team has the highest brand value?

Chennai Super Kings has the highest brand value with the highest fan following.

Who is the richest IPL Team owner?

Mukesh Ambani is the richest IPL Team owner who owns Mumbai Indians IPL Team.
March 21, 2022