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The Mumbai Indians are a professional Twenty20 cricket team based in Mumbai, Maharashtra, that competes in the Indian Premier League (IPL). The Indians were founded in 2008 and are owned by India's largest conglomerate, Reliance Industries, through its wholly - owned subsidiary, Indiawin Sports. Since its establishment, the team has primarily played its home matches at the 33,108-capacity Wankhede Stadium. It is one of the most successful teams in the IPL.