Mumbai Indians (MI) stand as a powerhouse in the Indian Premier League (IPL), having competed in every season of the tournament. The team has won the IPL title five times, with victories in 2013, 2015, 2017, 2019, and 2020. Their first appearance in the IPL finals came in 2010, where they finished as runners-up after a 22-run defeat to Chennai Super Kings. Despite the loss, Mumbai Indians earned a prize of 5 crore INR for their second-place finish.
In 2013, MI triumphed over Chennai Super Kings by 23 runs to claim their first IPL championship. The team secured back-to-back titles in 2019 and 2020. This achievement placed them among the few teams to win consecutive IPL victories.With 10 playoff appearances in IPL history, Mumbai Indians have reached the finals six times. Their final record is one of the most impressive. The team has won five of the six finals they contested.
The team at news platform TCNI has prepared a detailed overview of the team’s sponsors and financial situation.
As five-time IPL champions, Mumbai Indians have built a strong fan base across their social media platforms. The team ranks as the third most followed in the IPL, just behind Chennai Super Kings and Royal Challengers Bangalore. Their growing fan following can be attributed to strong player connections and consistent performances in the tournament. This fan engagement plays a key role in securing sponsorships for the team during the IPL.
The team’s financial stability has been greatly supported by its sponsorships, which have generated substantial revenue. Mumbai Indians, with their massive popularity, have secured partnerships with a wide range of sponsors, both national and international. These collaborations benefit both the team and the companies involved. Now, let’s take a closer look at the sponsors backing Mumbai Indians in the IPL 2024 season:
As the title sponsor, Slice’s logo is prominently placed at the center of Mumbai Indians’ jersey. Fans will also see the brand on the team’s practice kits. This helps increase visibility.This partnership plays a crucial role in generating substantial revenue for Mumbai Indians.
Serving as the principal sponsor for Mumbai Indians, DHL’s logo will be visible on the back of the team’s official jersey throughout the IPL season. Fans will easily recognize the brand as part of the team’s attire.
DHL has partnered with Mumbai Indians as their official logistics provider since IPL 2021. The company’s logo is positioned just above the player’s jersey number on the back. This collaboration not only promotes DHL during matches and practice sessions but also ensures smooth travel logistics for the team across different IPL venues.
Several associate sponsors support Mumbai Indians and contribute significantly to the team’s financial growth.
A range of companies have partnered with Mumbai Indians as official sponsors, playing a crucial role in the team’s growth and visibility. Below is a list of the current official partners:
For a visual representation, you can explore the full list of the team’s sponsors in our infographic.
BookMyShow is the exclusive ticketing partner for Mumbai Indians which allows fans to book home-ground matches with ease using the website or its dedicated mobile application. It further helps the franchise to get some extra revenue from the Indian Premier League.
Mumbai Indians is also dependent on sponsorships for its operations in the Indian Premier
League. These can come in the form of media rights, stadium ticket sales, merchandise
sales, prize money, sponsorship deals, and many others. Fans can have a look at a
breakdown of the team’s income sources.
The IPL rights for the 2023 to 2027 seasons were sold in the year 2022 by the BCCI for both Television and digital rights for the same, and it was valued at 48,390 crore INR. The BCCI keeps approximately 40 to 50% of the amount per season, and the remaining is distributed
to the IPL teams. Therefore, Mumbai Indians can generate a significant amount of
money through this.
Mumbai Indians can receive a good amount from all the sponsorship deals done by
the company. In the 2023 season, the team secured 10.8 crore INR from the sponsorships
only, and with the increase in sponsors for the IPL 2024 season, their income from the same also increased. During the 2024 season, the team reported a boost of 20% in its sponsorship
income.
Wankhede Stadium, the home ground of Mumbai Indians, has a seating capacity of 33,100 spectators. In the previous season, the team earned ₹92.79 crore INR from ticket sales at the stadium. While official figures for the IPL 2024 season are yet to be revealed, some reports suggest that the team surpassed ₹100 crore INR in ticket revenue.
Mumbai Indians enjoy strong sales of their merchandise, with fans able to purchase a variety of items such as t-shirts, caps, slippers, and more. These products are available on the team’s official website, with Skechers partnering for the merchandise line. Merchandise sales typically see a boost during the IPL season.
Mumbai Indians have consistently earned substantial prize money in the IPL. In 2013, they were awarded ₹10 crore INR for their first title win. By 2020, when they claimed their fifth IPL title, the prize money had doubled to ₹20 crore INR and this reflects their growing success in the league.
Mumbai Indians expanded their footprint internationally by acquiring a team in the SA20 League, named MI Cape Town. The team has participated in both seasons of the tournament but has struggled to perform at its best. Additionally, Mumbai Indians placed bids for The Hundred, with the England Cricket Board offering them a 49% stake in a team for upcoming seasons.
Mumbai Indians generate substantial revenue through a wide range of sponsorships from companies such as Dream11, BGMI, Slice, DHL, Jio, Reliance Digital, Pokemon, Bisleri, GK TMT, and others. In addition to sponsorships, the team boosts its earnings through media rights, ticket sales, merchandise sales, prize money, and various other income streams.
