File photo N. Srinivasan, chairman of Chennai Super Kings Cricket Limited
| Photo Credit:
BIJOY GHOSH
India Cements promoter N Srinivasan is now the chairman of Chennai Super Kings Cricket Limited (CSKCL), the company behind the IPL (Indian Premier League) franchise Chennai Super Kings.
N.Srinivasan and his daughter Rupa Gurunath were appointed as Additional Directors of CSKCL by the Board of Directors with effect from February 10, 2025. Resolutions seeking approval of the shareholders for their appointment as directors are part of the Special Business in the Notice convening the upcoming AGM, the annual report notes.
With this, Srinivasan and his daughter become part of the CSK Board for the first time. The move comes a few months after Ultratech buying out Srinivasan and Rupa’s share in India Cements in December 2024.
As of FY25, promoters shareholding comprises EWS Finance & Investments Private Ltd holds 47.08 per cent in CSKCL, N Srinivasan 0.11 per cent, Chitra Srinivasan 0.03 per cent and Rupa Gurunath 0.01 per cent.
K S Viswanathan has been appointed Managing Director for three years starting January 19, 2025.
Further, heeding to repeated requests of shareholders in past AGMs, CSK is also set to declare dividend for the first time ever for FY25. As per the annual report, the board has recommended a dividend of Re. 1 per equity share of ₹0.10, amounting to ₹37.9 crore. The proposed dividend, on approval by the shareholders at the AGM, will be met out of the profits for FY25
FY25 saw CSK report a 20 per cent dip in net profit and 4.7 per cent drop in revenues. CSK’s revenue for FY25 was ₹644 crore, and profit was ₹181 cr. The company attributed it to the absence of prize money that contributed to revenue growth in FY24.
“The Season XVIII of the Indian Premier League commenced on 22nd March 2025 and the matches were played from March to June 2025. While your IPL Franchise Chennai Super Kings did not qualify for the Knockouts, we remain optimistic of a strong comeback and an improved performance in the upcoming seasons,” the company said in its annual report.
Given the global expansion into international franchises and other strategic business needs, CSK is seeking approval of the shareholders for increasing the borrowing limit to ₹750 crore from the current ₹500 crore.
“The company is constantly expanding its global footprint by participating in T20 leagues hosted by other nations with its global franchises like “Joburg Super Kings” in Cricket South Africa (CSA) T20 League and “Texas Super Kings” in Major League Cricket in The United States of America, and by increasing the number of its Cricket Academies abroad. The company says it is also setting up, developing and managing various sports academies and performance centres and these are set to increase in the near future.
Further, CSK also wants to amend its Memorandum of Association to monetise various play fields, courts, stadium and other utility centres and lands that it owns. “The incremental income from the proposal would complement the existing business of the company,” it said in the annual report.
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Published on September 2, 2025
