Mumbai Indians (MI) is the most successful franchise in the history of IPL. With as many as five IPL titles since 2013, the franchise has exhibited enormous consistency in a competition as tough as the Indian Premier League.
The team have always believed in their motto of one family where players, support staff, and the owner share a close-knitted bond with each other. Mumbai didn't have the greatest of starts in the inaugural edition of the league in 2008 and they were quite a disappointment in the online cricket betting segment.
Blessed with some legendary names featuring in their ranks, MI have seen some fantastic cricketers don their jersey. The likes of Sachin Tendulkar, Sanath Jayasuriya, Shaun Pollock, Harbhajan Singh, and others donned the Mumbai jersey in the first few years.
However, it was in 2013 when a core group led by the young skipper Rohit Sharma managed to get their hands on the silverware for the first time in the IPL. They are now top favorites for every IPL.
Mumbai Indians Owner | Team Details
|Team Name||Mumbai Indians|
|Current Owner||Reliance Industries|
|CEO/Team Manager||Rahul Sanghvi|
Who is the Team Owner of Mumbai Indians in the IPL?
Reliance Industries (RIL) is the owner of Mumbai Indians in the IPL. The Mumbai-based franchise was bought in 2008 by Reliance Industries for a whopping price of $111.9 million. This was the most expensive bid made for any of the eight IPL teams ahead of the inaugural season. Mukesh Ambani, the owner of RIL, acquired the rights to the franchise for a period of 10 years.
Mukesh Ambani, the chairman and MD of Reliance Industries is the largest stakeholder in the company. His wife, Nita Ambani, is the Co-owner of RIL and represents the face of the franchise as the Mumbai Indians MI owner. She is extensively involved in the activities surrounding the franchise. Even during the IPL auction, Nita is a regular member as the Mumbai Indians MI owner on the auction table alongside her elder son Akash Ambani.
Brand Value of Mumbai Indians (MI) in IPL
Mumbai Indians are the most valuable franchise in the IPL among all the other teams. As per an annual survey conducted by Duff and Phelps in 2019, MI brand value was estimated at around ₹809 crores. However, in IPL 2020, like all other teams, MI witnessed a dip of 5.9% in their brand value from the previous year. Despite that fact, the franchise was ranked atop of the list with a value nearing INR 761 Crores after the IPL 2020.
Mumbai Indians MI owner, Nita Ambani, was able to witness a huge jump in brand value after the 2022 season. MI now has a valuation of Rs. 809 crores or $115, which makes them the most valuable brand in the IPL by a significant margin.
Mumbai Indians Sponsor in IPL 2022
Principal Sponsors: Slice, DHL Express
Associate Sponsors: Jio, Astral Pipes, Mariott Bonvoy
Official Sponsors: Meesho, Kingfisher, Dream11, BKT, Usha, Acko, Sporjo, Kotak, Amul Kool, Cadbury, Bombay Shaving Company, TeamViewer, Strata, Radio City, Fever FM, MY FM, DNA Network, Performax, Education & Sports For All
(Source: Mumbai Indians)