Mumbai Indians Mumbai Indians The Mumbai Indians (abbreviated as MI) are a franchise cricket team based in the city of Mumbai, Maharashtra. 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. The team has played its home matches in the 33,108-capacity Wankhede Stadium in Mumbai, since its establishment. The brand value of the Mumbai Indians was estimated to be $106 million, making them the most valuable IPL franchise for the second year in a row and the first franchise to cross $100 million
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