After the IPL Governing Council meeting in Delhi, the owners of the two new franchises for seasons 2016 and 2017 were introduced to the media, in a press conference addressed by BCCI President, Mr. Shashank Manohar, Hon. Secretary, Mr. Anurag Thakur and IPL Chairman, Mr. Rajeev Shukla.

New Rising promoters, the owners of the Pune-based franchises, were represented by Mr. Subhashish Mitra, Executive Director and group company secretary, New Rising. Mr. Keshav Bansal was present on behalf of Intex, the mobile manufacturing company that got the ownership rights for the Rajkot franchise.

On the occasion, Mitra said, "Our aim is to be associated with the great game of cricket in our humble capacity, and IPL has given us that opportunity.

"Pune is a great city and we have a very soft corner for it. When we were going through the list of cities available, Pune struck a chord with our mind and we are very glad that we got Pune. We are very proud to have built this association with Pune."

Bansal said his passion for the game of cricket and the rich cricketing legacy of Gujarat spurred him and his company to get associated with the IPL.

"I am a great sports enthusiast myself and have a passion for cricket since childhood. I also feel there is a great synergy between the brand, Intex and the IPL, which is the most covered cricket tournament across the globe. So, it is a great opportunity for the brand as well me, personally, given my passion for the sport.

"Apart from the fact that my mother hails from there, Gujarat is a great cricketing state and the people there are very enthusiastic about cricket. Getting into the IPL is a great opportunity for us to promote the entire state," he said.