CSK onboards drone startup Garuda Aerospace as partner
Chennai- headquartered drone incipiency Garuda Aerospace has entered into a cooperation with Chennai Super kings (CSK). As part of the agreement, Garuda Aerospace will be the functionary drone mate for the 2023 season, marking the first- ever drone cooperation for a platoon.
“We’re extremely agitated to mate with Chennai Super lords, one of the most iconic brigades in the competition. This cooperation represents a perfect community of two associations that partake a common vision of using technology and invention to achieve success,” said Agnishwar Jayaprakash, Author and CEO, Garuda Aerospace.
“As a platoon that considers invention an important part of our success and growth, we’re thrilled to mate with a company like Garuda Aerospace that shares our values and commitment to excellence. Their focus on invention and youth training aligns impeccably with our values at Chennai Super lords.” said, Kasi Viswanathan, CEO, Chennai Super lords Cricket Limited.
Garuda Aerospace is the first- ever binary DGCA- approved drone incipiency that manufactures Make in India drones and trains youthful professionals in the field of drone technology. The incipiency lately raised$ 22 million, which is the largest ever Series A fundraiser in the drone sector. Former Indian justice platoon captain and brand minister Mahendra Singh Dhoni is also a shareholder in the company.
About CSK (Chennai Super Kings Cricket Ltd)
CSK is a franchise cricket team based in Chennai, Tamil Nadu. CSK play in the Indian Premier League (IPL). Founded in 2008, the team plays its home matches at the M. A. Chidambaram Stadium in Chennai. The team is owned by Chennai Super Kings Cricket Ltd and India Cements is the major stakeholder. The team served a two-year suspension from the IPL starting July 2015 due to the involvement of their owners in the 2013 IPL betting case and won the title in its comeback season of 2018.
The team is captained by Mahendra Singh Dhoni and coached by Stephen Fleming. The Super Kings have won the IPL title thrice (in 2010, 2011, and 2018), and have the highest win percentage of matches among all teams in the IPL (59.83%). They hold the records of most appearances in the playoffs (ten) and the Final (eight) of the IPL. In addition, they have also won the Champions League
Twenty20 in 2010 and 2014. The brand value of the Super Kings in 2019 is estimated to be around ₹732 crores (roughly $104 million), making them one of the most valuable IPL franchises.
Business & Services
Revenue is recognised to the extent that it is probable that the economic benefit will flow to the company and the revenue can be reliably measured.
All the sponsorship income, income from brand promotional activities, gate collection, sale of merchandise and the Central Rights income including the participation fees and prize money for a season will be accrued and accounted in financial year in which the relevant tournament is concluded.