Who is the Owner of Mumbai Indians in IPL? MI IPL Team Owner

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. Mumbai Indians 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. The franchise was blessed with some legendary names featuring in their ranks. 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 in Rohit Sharma managed to get their hands on the silverware for the first time in the IPL.

 

Mumbai Indians Owner | Team Details
Team Name Mumbai Indians
Current Owner Reliance Industries
CEO/Team Manager Rahul Sanghvi
Captain Rohit Sharma
Coach Mahela Jayawardene
Who is the Team Owner of Mumbai Indians in the IPL?
Mumbai Indians lifts the IPL trophy
Mumbai Indians members with owner after the 2015 IPL win (Source: BCCI/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.

Mumbai Indians owner
MI at the IPL auction (Source: Mumbai Indians)

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 Mumbai Indians. She is extensively involved in the activities surrounding the franchise. Even during the IPL auction, Nita is a regular member for MI on the auction table alongside her elder son Akash Ambani.

 

ALSO READ RCB Owner in IPL 

Brand Value of Mumbai Indians (MI) in IPL 

Mumbai Indians is 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 Sponsors in IPL 2021
Mumbai Indians' Sponsor
DHL Express is one of the Principal Sponsors for Mumbai Indians (Source: MI)

Principal Sponsors: Samsung, DHL Express

Associate Sponsors: Jio, Astral Pipes, Mariott Bonvoy

Official Sponsors: Dream11, PhonePe, Usha, Acko, boAt, Kotak, BKT, Cadbury, and others.

(Source: Mumbai Indians)