Mumbai Indians is owned by Reliance Industries, the conglomerate controlled by Mukesh Ambani, one of the founding owners when the IPL launched in 2008. Ambani is consistently ranked among the richest people in Asia, with a net worth that has been estimated anywhere from roughly $90 billion to over $115 billion depending on Reliance’s share price at the time — nearly his entire fortune is tied to that one company.
Reliance Industries has interests spanning petrochemicals, oil and gas, telecom (Jio), retail, media, and financial services, giving Ambani one of the most diversified — and valuable — business empires in India.
Quick Facts
| Team | Mumbai Indians |
|---|---|
| Owner | Reliance Industries (Mukesh Ambani) |
| Founded | 2008 |
| IPL Titles | 5 (most of any franchise) |
| Ambani Net Worth (2026) | Estimated $90-120 billion, fluctuating with Reliance’s share price |
| Reliance Business Areas | Petrochemicals, oil & gas, telecom (Jio), retail, media, financial services |
Ownership History
| Year | Development |
|---|---|
| 2008 | Mumbai Indians founded under Reliance Industries’ ownership as one of the IPL’s original eight franchises |
| 2010s | Team builds a dynasty, winning multiple IPL titles and expanding into a broader “Mumbai Indians” global franchise brand with sister teams in other T20 leagues |
| 2020s | Mumbai Indians remains the most successful IPL franchise by title count, still fully owned by Reliance Industries |
| 2026 | Ambani’s net worth continues fluctuating with Reliance’s stock performance, but Mumbai Indians ownership remains unchanged under Reliance |
Key Ownership Highlights
- Mumbai Indians is the only IPL franchise majority-linked to India’s largest private conglomerate by market capitalization, giving it financial backing few other teams can match.
- With 5 IPL titles, Mumbai Indians is the league’s most decorated franchise, a track record that has held steady under the same ownership since 2008.
- The Mumbai Indians brand has expanded beyond the IPL into sister franchises in other global T20 leagues, reflecting Reliance’s broader ambitions in global cricket ownership rather than a single-team investment.
FAQ
Who owns Mumbai Indians?
Reliance Industries, controlled by Mukesh Ambani, has owned Mumbai Indians since the IPL’s 2008 launch.
How rich is Mukesh Ambani?
Estimates in 2026 range from roughly $90 billion to over $115 billion, fluctuating with Reliance Industries’ share price, consistently ranking him among Asia’s richest individuals.
