Who is the Owner of Gujarat Titans in IPL? Name, Age, Net Worth, Controversy, & Background

Gujarat Titans (GT) is an Indian Premier League (IPL) franchise based in Ahmedabad, Gujarat. It was founded in 2021 and is owned by CVC Capital Partners. The team plays its home matches in the world’s largest stadium, the Narendra Modi Stadium in Motera. The owners are a Jersey-based private firm and an investment advisory firm. CVC has an asset of €186 billion. They have secured €157 billion since inception across American, European, and Asian private equity. 

Gujarat Titans Team Information
Team Name- Gujarat Titans
Age- 4 Years
Ownership since-2021
Team Captain-Shubman Gill
Head Coach- Ashish Nehra
Win Ratio- 59.57%
Net Worth- 5,625 crore (INR)

CVC Co-Founders and Owners- Personal Life

Family (husband, wife, brother, sister, etc.)

Siddharth Patel’s personal life is limited there has been not much information about his family, including details about his wife, brother, or sister.

Siddharth Patel- Early Life and Education

Siddharth Patel joined CVC Capital Partners in 2010. He was located in the London office for seven years. Later he collaborated with the global TMT team. Since 2017, he has relocated to Singapore. His responsibilities managing the operations at the CVC India office.  Before joining the equity firm, he spent nine years with Apax Partners’ technology and telecoms business. The GT Owner earned first-class MA and BA degrees from the University of Oxford. His net worth is not publicly available. 

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Sports Administration

The CVC Capitals have only two sports administrations which is the Gujarat Titans. They won the rights to operate the Ahmedabad franchise with a bid of ₹5,625 crore back in 2021. Previously back in November 2005 to March 2006, the former GT owners eventually purchased 63.4% of the Formula One Group’s shares.  It was owned by the Formula One motor racing championship. They have been involved with England’s Rugby Union League. Along with that, they ventured into something called the United Rugby Championship.

Business Ventures and Affiliations

CVC’s investment in these numerous sports campaigns showcases that they recognize the popularity and potential of sports. Their efforts to support different sporting events demonstrate that they are completely committed to helping players shine and promoting growth in all aspects of this sector.  They have a global presence and manage accounts for many well-known clients. Their ability to make big investments and understand finance has given them a great reputation. 

Performance Stats under CVC

Ahead of the 2022 mega auction, the franchise drafted Hardik Pandya as captain. They also selected Shubman Gill and Rashid Khan for the squad. During the auction. The team surprised everyone by their performance. They won their debut game against then the newcomers Lucknow Super Giants.  That was the Titans’ first win in their debut season. 

In the 2022 season, they won 10 of their 14 group matches and finished first in the table with 20 points. They then won the first qualifier against the Rajasthan Royals, who they would face again in the final after defeating Royal Challengers Bangalore. The Titans won the final beating the Royals easily. In the following year, they qualified for the finals eventually losing to Chennai Super Kings. 

In the previous edition, they failed to perform well under their new captain Shubman Gill. However, the franchise will once again look to regain its old form in the forthcoming edition of the IPL and win the trophy for the second time. 

Corporate Career

Under the ownership of CVC Capital Partners, the Gujarat Titans have displayed excellent success:

• 2022: They clinched the IPL title in their debut season under captain Hardik Pandya.
• 2023: Finished as runners-up, losing the final to Chennai Super Kings.
• 2024: Experienced a downfall under a new captain. Finishing 8th in the league standings.

Gujarat Titans Ownership History

Torrent Group (“Torrent”), a multinational company with interests in healthcare and energy, has entered into a definitive agreement to acquire a 67% stake in the renowned Indian Premier League (IPL) franchise, Gujarat Titans (Irelia Sports India Private Limited), from Irelia Company Pte Ltd (“Irelia”), which is currently fully owned by CVC-managed or advised funds. The deal is subject to usual closing conditions and approvals (including from the BCCI).

As part of the deal, the current GT owners CVC will keep a 33% share in the franchise. This strategic partnership between one of India’s largest business groups and a globally recognised private equity firm is the first of its type in India’s sports sector, opening up new potential for growth and collaboration.

Also Read: Who is the owner of Delhi Capitals in IPL? Name, Age, Net Worth, Controversy & Background

Controversies and Legal Challenges

Corruption Allegations

As of now, there have been no records of corruption allegations against the franchise. They are also not involved in betting scandals or abuse of power against the GT team owners.

Changes in Regulations

No particular regulatory changes have been noticed concerning the Gujarat Titans’ operations. In brief, the owners of GT have undergone substantial management changes since its inception in the Indian Premier League.