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Mumbai Indians: Founded in 2008, Mumbai Indians play in the Indian Premier League (IPL). The team is owned by India's biggest conglomerate, Reliance Industries, through its 100% subsidiary IndiaWin Sports. Royal Challengers: Royal Challenger Banglore is currently owned by United Breweries Group. Chennai Super Kings: India Cements acquired the rights to the franchise for 10 years. Former ICC Chairman N. Srinivasanwas the de facto owner of the Chennai Super Kings, by means of his position as the vice-chairman and managing director of India Cements Ltd. The Delhi Daredevils (often abbreviated as DD) are a franchise cricket team representing the city of Delhi in the Indian Premier League (IPL). Founded in 2008 one of the eight founding teams of the IPL, the Delhi franchise is owned by the GMR Group and JSW Group.