The Maharashtra team to be owned by Punit Balan Studios.
Mumbai, 21st March 2023: As we head towards the beginning of the inaugural Premier Handball League (PHL), today announced Maharashtra Ironmen as the first team to be a part of season 1 of the tournament. The team will be owned by one of Maharashtra’s foremost sportspreneuer – Mr Punit Balan of Punit Balan Studios Private Limited.
The Punit Balan Group, valued at nearly INR 3500 cr. is headed by Mr Punit Balan. A man of high repute Mr Balan is a young and dynamic entrepreneur and philanthropist who is also one of the few new-age sports investors. Passionate about Olympic Sports, Mr Balan owns a number of teams across leagues like Ultimate Kho-Kho, Ultimate Table Tennis and Tennis Premier League and is regarded as one of the contemporary visionaries with investments across the field of entertainment, and real estate apart from sports. Mr Balan has also gone on to sponsor Indian tennis stars Ankita Raina and Rutuja Bhosale, to provide them with much-needed financial support to help them gain exposure to compete with the best from across the globe.
Speaking about his franchise, Mr Balan said, “Sports is an essential part of India’s culture and now, working along with PHL, I am sure that we will be able to give a further boost to the sport of handball in the country. Handball is already quite popular in the Indian hinterland but it’s high time that we brought it to the fore. At a national and state level, Maharashtra has always performed well in the tournaments and we are sure that we will be able to unearth new talent from the state with Maharashtra Ironmen. Bluesport has been working relentlessly for the last few years and I see a clear vision as to where they want to take the league. I am looking forward to the beginning of the league in June.”
“We are glad that Mr Balan has joined us as one of the franchise owners. A true sports enthusiast and a sportspreneuer, he has the same vision as us and wants to give a new identity to the sport of handball in the country. I would like to welcome Mr Balan on board this exciting league as we get set to entertain fans across India,” added Manu Agrawal, Founder and CEO of Bluesport Entertainment Pvt. Ltd.
The inaugural season of the Premier Handball League is set to kick off on 8th June 2023 and will run till 25th June 2023 which will be broadcast on Viacom18 network on JioCinema, Sports 18-1 (HD & SD) and Sports 18 Khel.