In the world of cricket, every team has a story, and the Chennai Super Kings (CSK) is no exception. Owned by India Cements Limited through their subsidiary, Chennai Super Kings Cricket Limited, CSK made its debut in 2014, marking the beginning of an exciting journey in the Indian Premier League (IPL).
CSK’s ownership stands as a prominent figure in Indian cricket, N. Srinivasan, the Managing Director of India Cements. Srinivasan’s deep-rooted involvement in the cricketing landscape extends beyond his role with CSK. He has served as the former chairman of the International Cricket Council (ICC) and the ex-president of the Board of Control for Cricket in India (BCCI), showcasing his extensive experience and influence in the sport.
Despite concerns surrounding potential conflicts of interest, Srinivasan has remained a steadfast figure in the CSK camp, steering the team through triumphs and challenges alike. His dedication to the franchise is a promise to his commitment to CSK’s success, making him a central figure in the team’s journey through the IPL arena.
A Backdrop to Narayanaswami Srinivasan’s Career
Looking more closely at the life of Narayanaswami Srinivasan, we observe that he is a huge name in the Indian business and cricket administration. Born on January 3, 1945, in present-day Tamil Nadu, Srinivasan’s journey began in India’s corporate and sporting landscape. Srinivasan is a legacy, gifted with excellence in business acumen and entrepreneurial spirit. His father, T.S. Narayanaswami, co-founded India Cements and laid the foundation for Srinivasan’s illustrious career. Armed with a degree in commerce and a keen intellect, Srinivasan embarked on his professional journey, eventually joining India Cements in 1989 as the Vice-Chairman and Managing Director.
Srinivasan’s dual responsibilities towards business and sports
Under Srinivasan’s leadership, India Cements has flourished, emerging as a powerful giant in the cement industry. His ambition for excellence and strategic foresight led the business to new heights and cemented its leadership position in the industry. Srinivasan, who has displayed determination and fortitude in the face of difficulties, is still leading India Cements toward greater success today.
Beyond the boardroom and into the world of cricket, Srinivasan’s influence is immense. His time as the Tamil Nadu Cricket Association’s (TNCA) president and his later leadership positions on the global stage demonstrate his enduring love for the game. With his ascent to the presidency of the Board of Control for Cricket in India (BCCI) in 2011, Srinivasan had a lasting impression on the sport of Indian cricket.
The Indian Premier League (IPL) venture by Srinivasan solidified his reputation as a major player in cricket. The Chennai Super Kings IPL franchise began a golden age in 2008 when India Cements purchased the team for an incredible $91 million. The decisive backing and strategic acumen of Srinivasan were crucial to the rapid rise to prominence of the Chennai Super Kings in the IPL.
Is it a financially healthy barter?
As of 2022, Srinivasan’s estimated net worth stands at an impressive ₹7.2 billion, a teller to his entrepreneurial acumen and business savvy. Beyond financial success, Srinivasan’s legacy is defined by his spirit, visionary leadership, and excellence of management in every endeavor he has undertaken. Additionally, through the utilization of its enormously successful cricket club, the four-time IPL champion Chennai Super Kings, and the brand CSK to market its new products, India Cements has begun a new chapter in its history. While having established brands such as Sankar, Coromandel, and Raasi, the top cement manufacturer has opted to leverage the nationwide recognition of the CSK brand by introducing two new cement products: Concrete Super King, designed for concrete applications, and Halo Super King, intended for hollow block manufacturing.
How’s the CSK share performing?
Investing in CSK’s unlisted shares is a great opportunity for investors since its PE (price-earning) ratio of 462.5 is far better compared to other international sports franchises. In 2018, CSK started its pre-IPO stock journey, and at that time, CSK’s unlisted share price was ₹ 20 per equity share. Over the last five years, CSK has delivered 108% returns to its investors. Currently trading between 180 & 185, it reached its all-time high on Jan 24 at Rs 193 per share. Although revenue growth has declined from Rs 3491 crore in 2022 to Rs 3253 crore in 2023.
It is now easier and more convenient than ever to buy CSK unlisted shares with the assistance of Stockify. From analyzing the financial statements and other vital reports to keeping track of CSK’s unlisted share price, our experts will provide you with everything you need to make an informed and profitable decision to invest in CSK pre-IPO stocks.
