N Srinivasan net worth: All about CSK owner’s fortune in 2024

Since the inaugural edition in 2008, the CSK team led by MS Dhoni— popularly known as the “Thala” by his fans, has won five IPL trophies. We all might think that the great MSD was the prime reason for the success. But have you ever wondered who was the main person behind all these glories? It is none other than the Chennai Super Kings (CSK) owner N Srinivasan who established one of the most successful franchises in the Indian Premier League and his net revenue helped build a squad of world-class cricketers so far.

As the IPL 2024 tournament is continuing successfully, you will be curious to discover N Srinivasan’s early life, his business, and his net worth in terms of both Indian Rupees (INR) and US Dollars (USD). Knowing the profits from his business helps to understand the reasons that motivated him to invest huge money in the Chennai Super Kings franchise. Also, it would be interesting to know the profit N Srinivasan earns through his team in IPL.

Who is N Srinivasan?

Apart from being the current owner of CSK, N Srinivasan is an Indian industrialist and the managing director of India Cements. He is also the former president of BCCI (Board of Control for Cricket in India) as well as the former chairman of the ICC( International Cricket Council).

Early Life of the CSK Owner N Srinivasan

N Srinivasan was born on 3rd January 1945 in the Tirunelveli district at Kallidaikurichi (Tamil Nadu). He completed his higher secondary education at Madras Christian College and holds a Bachelor’s degree in science from Loyola College (Chennai). Additionally, he earned a Master of Science degree in Chemical Engineering from the Illinois Institute of Technology, Chicago, United States.

N Srinivasan Business

Narayanaswami Srinivasan started his journey as the vice-chairman and the managing director of India Cements. His father T. S. Narayanaswami was one of the inaugural employees of India Cements Ltd. 

Currently, Rupa Gurunath— daughter of N Srinivasan, serves as the full-time Director of India Cements. 

Here is a brief timeline that highlights the achievements of N Srinivasan:

  • 1989 to 1991:  Sheriff of Madras
  • 1991 to 2006:  President of the Cement Manufacturers’ Association
  • 1996 to 2001:  Prime Minister’s Council of Trade and Industry
  • 1996 to 1998: President of the Madras Chamber of Commerce and Industry
  • 2002 to 2003:  Head of Tamil Nadu Cricket Association (TNCA)
  • 2008: Became the owner of Chennai Super Kings
  • 2011: Elected as the President of BCCI
  • 2014: Became the first Chairman of the ICC Council

Furthermore, Srinivasan secured various reputable positions in the administration of Golf and Chess throughout his career.

As of 2021, it was estimated that the Profits of India Cements are approximately INR 4,510 crore, which is equal to US$560 million.

Controversies in the Cricketing Career of N Srinivasan

Similar to a road with two lanes, N Srinivasan’s cricketing career was filled with reputations and controversies, especially during his tenure with BCCI.

He was accused of severe manipulation to confirm his position as the Treasurer of BCCI, specifically when he started building his professional identity in the cricket administration. 

Mainly, in 2013, N Srinivasan faced a huge IPL spot-fixing controversy when his son-in-law Gurunath Meiyappan was involved severely in betting activities with the bookies and was later arrested by the Mumbai Police. Also, Meiyappan was accused with the charges of passing confidential information to bookies. As a result, Srinivasan faced harsh outrage nationally with the public forcing him to resign. Furthermore, on 27th September 2013, the Supreme Court expelled N Srinivasan from the post of BCCI president.

Fortunes and Net Worth of N Srinivasan in 2024: Conclusive Facts

However, it will be soon to predict the fortunes and profit of N Srinivasan in the ongoing IPL 2024 tournament, but he had a net worth of INR 720 crore (86.34 million USD)  approximately in 2022. Also, it is expected that the CSK Owner’s net income will certainly increase yearly.

Most importantly, you need to know that N Srinivasan earns the majority of profits from the Chennai Super Kings. It is because CSK earns media rights, sponsorships, and ticket and merchandise sales. Also, it is a fact that in 2023, the media rights for Chennai Super Kings surpassed INR 1,050 crore (US$ 125 million).

Additionally, the franchise earned huge cash from its prize money when it lifted the trophy five times in the years 2010, 2011, 2018, 2021 and 2023.

Based on several reports, it is estimated that the former CSK skipper MS Dhoni earns INR 4 crores ( 479K USD ) per month and has a net worth of INR 1,050 crores (US$ 179 million)  approximately.

Overall, the Chennai Super Kings despite facing a two-year (ban in 2016 and 2017), still maintain their reputation as one of the most consistent and financially valuable IPL teams, thereby retaining a huge fan base worldwide.

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