Torrent Group acquires 67% stake in Gujarat Titans, marks major IPL investment

Torrent Group, a diversified conglomerate with interests in healthcare and energy, has officially acquired a 67% majority stake in IPL franchise Gujarat Titans from Irelia Company Pte Ltd (Irelia). The transaction, which received all necessary approvals, including from the Board of Control for Cricket in India (BCCI), marks a significant milestone in Torrent’s expansion into India’s sports ecosystem. The overall transaction value of the deal has been kept undisclosed.

Torrent and Irelia announced the signing of definitive agreements for this transaction on February 12, 2025. With the fulfilment of certain conditions, the acquisition has now been successfully completed, the company informed.

Established in 2022, Gujarat Titans is one of the most exciting franchises in the Indian Premier League (IPL), which boasts a viewership of over 400 million annually and a global fan base exceeding one billion people. Led by Shubman Gill and coached by Ashish Nehra, the Gujarat Titans made history by winning the IPL title in their debut season and finishing as runners-up the following year.

As part of the transaction, Irelia, managed by funds advised by CVC, will continue to hold a minority stake of 33% in the franchise. "The Gujarat Titans, one of the youngest franchises in IPL history, will now benefit from Torrent’s extensive expertise in building and managing large-scale businesses," says the statement.

With this deal, the franchise aims to strengthen team operations, fan engagement, and commercial growth. "This milestone underscores Torrent Group’s commitment to diversifying its business interests while supporting India’s booming sports ecosystem. The IPL, one of the most-watched sporting events globally, continues to grow in stature, and Gujarat Titans remain at the forefront of this evolution," the statement adds.

Torrent Group, with revenues of over ₹41,000 crore and a market capitalisation of ₹2 lakh crore, is a major player in pharmaceuticals, power generation, transmission and distribution, and city gas distribution (CGD). CVC is also a global private markets manager, with a network of 30 office locations throughout EMEA, the Americas, and Asia, with approximately €200 billion of assets under management.