Meet The Owner Of RCB In IPL 2024: Unveiling Net Worth And More
Royal Challengers Bangalore Owner 2024: The Indian Premier League (IPL) stands as one of the world's most prominent cricket tournaments, attracting millions of viewers globally. Featuring fast-paced T20 cricket matches, the IPL is renowned for its entertainment value. With ten teams representing various Indian states and cities, fans passionately support their favourites, turning them into household names.
Despite enduring setbacks and becoming the subject of memes, RCB remains a formidable team boasting some of cricket's finest talents.??With players like Virat Kohli, Glenn Maxwell, and Faf du Plessis, RCB ranks among the wealthiest IPL teams. Let's explore RCB's chairman Prathmesh Mishra, net worth of RCB, United Spirits in further detail.
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Who is Prathmesh Mishra?
Prathmesh Mishra is currently the Chief Commercial Officer at United Spirits Ltd. He previously worked as the Vice President-Operations at Pernod Ricard India Pvt Ltd. and as the Chief Operations Officer at Diageo India Pvt Ltd. He was born on October 18, 1969.
Prathmesh leads the Commercial function at Diageo India and is part of its Executive Committee. He is responsible for the business operations in India. Prathmesh joined Diageo India in 2014 as the Chief Operations Officer responsible for the Western region. In a short span of time, he had strong impact on the business.
He was elevated to his current position in 2017, and since then he has been leading the Commercial function. An industry veteran, Prathmesh has over three decades of experience promoting IMFL & Scotch Whiskies and has been the face of building Scotch whisky¡¯s expanding footprint in India. He also has the additional responsibility of being the Chairman of Royal Challengers Bangalore, an Indian Premier League cricket team that is also an integral part of Diageo India.
Prior to joining Diageo India, he has held positions of increasing responsibility across sales, marketing, key accounts and customer marketing with Inertia Industries, Mohan Meakins, and Pernod Ricard. Prathmesh is an Arts Graduate from Delhi University and a PGDBM from the Institute of Management Studies, Ghaziabad.
All about RCB¡¯s owner United Spirits
The cricket franchise based in Bengaluru, Royal Challengers Bangalore, is owned by United Spirits Limited, a company within the Diageo Group, a leading global player in the alcohol industry. United Spirits boasts an impressive array of brands encompassing spirits, beer, wine, scotch whisky, IMFL whisky, brandy, rum, vodka, gin, and more. With a portfolio of 18 brands selling over a million cases annually, United Spirits has established itself as a significant presence on the global stage.
Formerly known as United Breweries Limited, United Spirits holds the distinction of being the world¡¯s second-largest spirits company by volume. Presently, United Spirits is under the ownership of Mahendra Kumar Sharma.
Royal Challengers Bangalore stands as one of the original franchises in the Indian Premier League (IPL), headquartered in Bengaluru, Karnataka. Established in 2008, RCB debuted in the inaugural IPL season and has participated in every edition of the tournament since its inception, albeit without securing a championship title.
Despite this, RCB reached the IPL finals in 2009, 2011, and 2016. The team has also qualified for the playoffs in the 2020, 2021, and 2020 IPL seasons.
Initially purchased by Vijay Mallya, then chairman of Kingfisher Airlines and United Spirits, for $111.6 million, RCB faced ownership changes when Mallya defaulted on loans in 2016. Subsequently, RCB became solely owned by United Spirits.
As of 2022, Royal Challengers Bangalore ranks as the sixth most valuable IPL team, with an estimated value of Rs 1.025 billion.
The current CEO and managing director of United Spirits is Hina Nagarajan. As we can see there is no single period who is the owner of RCB. The United Spirits has made a board that looks after the management and decision making of the Royal Challengers Bangalore.
United Spirits' net worth
United Spirits holds a prestigious position in the alcohol beverage industry, boasting substantial net worth and earnings. As reported by MoneyControl in March 2023, the company recorded a gross revenue of INR 27,577.50 crore and a net revenue of INR 10,373.70 crore from its operations over the past 12 months.
History
Originally known as McDowell and Company, the company traces its roots back to 1826 when it was founded in India by Scottish entrepreneur Angus McDowell. McDowell and Company initially focused on importing liquor, tobacco products, and various consumer goods to cater to the needs of British officers and residents stationed in India. With an initial capital of INR 8 lakh, McDowell & Company Limited was formally incorporated as a company in 1898.
How United Spirits Became Part of Diageo
On 27 May 2013, Diageo initiated its involvement by acquiring a 10 percent stake in United Spirits. Subsequently, on 4 July of the same year, Diageo further bolstered its position by purchasing an additional 14.98 percent of the company, thus elevating its holdings to 25.02 percent. Gradually, Diageo ascended to become the primary shareholder of the current owner of RCB, subsequently instigating significant alterations to the management structure of the firm.
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Brands Owned by United Spirits
United Spirits has garnered acclaim for its alcohol quality, earning accolades from prestigious entities such as the International Wine & Spirits Competition (UK), International Spirits Challenge (UK), World Beverage Competition (US), Monde Quality Institute (Belgium), and Mundusvini (Germany).
The company possesses an extensive portfolio of brands, including Black Dog Centenary Scotch Whisky, Black Dog 12-year-old Deluxe Scotch Whisky, Antiquity Rare Whisky, Antiquity Blue Whisky, Signature Whisky, Single Malt Whisky, DSP Black Whisky, Celebration Rum, McDowell¡¯s No.1 Brandy, White Mischief Vodka, Premium Romanov, and Blue Riband Gin.
Furthermore, United Spirits has acquired prominent entities such as Whyte & Mackay, a leading Scotch whisky distiller, and a wine subsidiary of the French champagne company Taittinger, known as Bouvet Ladubay. Both Bouvet Ladubay and Whyte & Mackay have now become wholly-owned subsidiaries, contributing to United Spirits' status as the manufacturer of 17 millionaire brands.
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Royal Challengers Bangalore 2024: FAQs
Who is the owner of RCB now?
RCB is owned by United Spirits Limited. The franchise recently won its first title when the Smriti Mandhana-led team won the second season of the Women's Premier League last month.
Who is the chairman of the RCB?
Prathmesh is currently the Chief Commercial Officer of Diageo India and will take on this additional responsibility effective July 1, 2021.
Does RCB still have a chance to Qualify?
It's near-impossible for RCB to qualify with 13 points because three teams are already on 14, and the winner of DC-LSG will also move to 14. If one of RCB's remaining two games ends in a washout, then the only way they'll be in contention is if DC-LSG also ends in a washout.
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