Sunrisers Hyderabad, earlier known by the name of Deccan Chargers, won the 2009 edition of IPL. In the year 2012, Deccan Chargers were terminated by BCCI and a tender for a new team was called upon. The Hyderabad based franchise named themselves as ‘Sunrisers Hyderabad’. The team debuted in the 2013 edition of IPL.
Soon after coming into existence, the Orange army won the tournament in 2016 under skipper David Warner.
SRH is owned by Kalanithi Maran of Sun TV Network who won the bid for Deccan Chargers in the inaugural season of the league. Kalanithi Maran is the chairman and founder of Sun TV Network and has about 32 TV Channels and 45 FM Radio Stations. He also has stakes in newspapers, weeklies, DTH services and a movie production house. Kalanithi Maran is the son of former Union Minister of India Murasoli Maran and grand nephew of former Tamil Nadu Chief minister M. Karunanidhi.
In the year 2012, Deccan Chargers became bankrupt and Sun TV Network overtook the team for then after winning the bid for INR 85 crore for the next five seasons.
Karanithi Maran’s daughter Kaviya Maran is the CEO of the team. She has been spotted in the auctions on a couple of occasions and is often seen cheering for the team during home games.
According to Forbes.com, the team’s net worth is estimated to be around INR 760 crore. During the 2020 edition of IPL, the team’s brand value saw a dip of around 4% due to the covid-19 pandemic as most of the matches were conducted behind closed doors.
In 2020, Kalanithi Maran donated INR 10 crore on the behalf of SRH for Covid-19 relief fund.