Indian Premier League (IPL) is being considered as the latest, and one of the biggest revolutions in Indian Cricket. In this Indian Premier League, there are various teams owned by various industrialists and the Bollywood celebrities.

Gujarat Lions
Gujarat Lions is a temporary franchise cricket team based in Rajkot, Gujarat. This team will play in the Indian Premier League in 2016 and 2017 seasons. The franchise is owned by Director of Intex Technologies, Keshav Bansal.

Chennai Super Kings
Chennai Super Kings or CSK is a franchisee cricket team that is based in the city of Chennai in the Indian State of Tamil Nadu. The team is a part of the Indian Premier League. Chennai team has been the champions for two consecutive times (2010 and 2011) and runners up for 2008 and 2009 editions. Chennai Super Kings had lost the match against Mumbai Indians on 26th May 2013 in the IPL6. The team is owned by the owner of India Cements Group. CSK has the most consistent record in IPL. The team is owned by India Cements group. N. Srinivasan is the Vice Chairman and Managing Director of India Cements Ltd, and is the de facto owner of the team - Chennai Super Kings, by means of his position within the company. N. Srinivasan also happens to be the current president of Board of Control for Cricket in India. Chennai Super Kings is temporaily terminated from 2016 IPL for the spot fixing charges.

Kings XI Punjab
Kings XI Punjab is a cricket franchise based in Mohali, in the Indian state of Punjab in the Indian Premier League. The team is presently captained by the veteran Aussie wicket keeper Adam Gilchrist. The home matches for Kings XI Punjab is played the Punjab Cricket Association Stadium, Mohali, and ever since 2010 IPL, the team has been playing at theDharamshala Cricket Stadium in the state of Himachal Pradesh. The owners of Kings XI Punjab are Preity Zinta (Accomplished Indian actress. Co-Promoter and Chairperson, Board of Directors), Ness Wadia (Joint Managing Director, Bombay Dyeing. Co-Promoter and Board of Director), Gaurav Burman, Mohit Burman (Director, Dabur India. Co-Promoter and Board of Director), Karan Paul (Chairman, Apeejay Surrendra Group. Co-Promoter and Board of Director)). Along with Ness Wadia and others, Preety Zinta acquired ownership rights in 2008 for the Mohali-based Twenty20 cricket team of the Indian Premier League. Ness Wadia and Pretty Zinta paid $76 million to acquire the franchise and has since named the team Kings XI Punjab. Until 2009, Zinta was the only woman to own an IPL team, and was the league`s youngest owner. She has been involved with launching ticket sales and promoting the team.

Mumbai Indians
Mumbai Indians is a Mumbai based franchisee in the Indian Premier League that represents Mumbai. Reliance Industries Limited bought the rights for the Mumbai franchisee of the IPL for a total of 441 Cr during the auction on 24 January 2008. After lots of deliberation, the team was named Mumbai Indians. The RIL bid made the Mumbai Indians the most expensive franchise in the 2007 IPL auction. However the 2011 auction saw the Sahara Pune Warriors team purchased by Subroto Roy taking that title of the most expensive buy. The team is owned by Nita Ambani.

Rising Pune Supergiants
Rising Pune Supergiants is also a temporary franchise cricket team in IPL 2016. This team based in the city of Pune, Maharashtra that will play in the Indian Premier League in 2016 and 2017 seasons. The franchise is owned by Sanjiv Goenka-led New Rising. He is the chairman of RP-Sanjiv Goenka Group including the other companies like Firstsource Solutions Limited, Philips Carbon Black Limited, Spencer`s, Saregama Limited.

Kolkata Knight Riders
Kolkata Knight Riders, also called KKR, is a franchisee that represents Kolkata in the Indian Premier League (IPL), a Twenty20 cricket championship conducted by the Board of Control for Cricket in India. Owner Shahrukh Khan with co-owners Juhi Chawla, and her husband Jay Mehta. Shahrukh Khan has been a keen sportsman since his school and college days, excelling in soccer and hockey. This gives him the best possible perspective about sports. The KKR squad members swear by the atmosphere of honesty and strong human values that he has created in his own franchise. His vision is to make KKR one of the most popular and successful sports teams worldwide. Jay Mehta works tirelessly behind the scenes and is actively involved in all major franchise decisions, and her wife, Juhi Chawla has always been the cynosure of all eyes. She brings her wonderful work ethic and grace to the Knight Riders team and adds a touch of class to the marketing and design practices.

Sunrisers Hyderabad
Sunrisers Hyderabad is often abbreviated as SRH is a cricket franchise based in the city of Hyderabad that plays in theIndian Premier League 2013. The team was announced in Chennai on the 18th of December 2012 and is owned by Sun TV Network. Sun TV Networks Limited, which is headquartered in Chennai, is one of India`s biggest television networks with 32 TV channels and 45 FM radio stations. Kalanithi Maran is an Indian media magnate who is the chairman and Managing Director of Sun Group.

Royal Challengers Bangalore
Royal Challengers Bangalore, or RCB as it is also called, is a cricket franchisee in the Indian Premier League, which is based in the Indian city of Bengaluru. Presently, team RCB is led by Virat Kohli and coached by South African Ray Jennings. The team is owned by Vijay Mallya, through his flagship firm UB Group. The director of the team is Sidhartha Mallya.

Rajasthan Royals
Rajasthan Royals is a Rajasthan based franchisee in the Indian Premier League situated in the city of Jaipur. Rajasthan Royals is terminated temporarily from 2016 Indian Premier League for the 2013 IPL spot fixing charges. Rajasthan Royals is the franchisee which is owned by Manoj Badale, who is also the chairman. Some of the other people who have also invested are Suresh Chellaram, Ryan Tkalcevic, Sir Aditya S. Chellaram. The group bought the franchisee for $67 millions, the cheapest team in the IPL, and also the least fancied team in the league at the beginning of the league. Bollywood diva Shilpa Shetty and her husband Raj Kundra also has an 11.7 % stake which the couple bought for US $ 15.4 millions.