MUMBAI (titled Mumbai Indians)
Situated in western India and is the country's financial capital. Owned by Reliance Industries Ltd, India's most valuable company.
Owner: Mukesh Ambani (industrialist)
Cost: $111.9 million
Coach: Robin Singh (RSA)
Captain: Sachin Tendulkar (IND)
Foreign players: Dilhara Fernando (SRI), Dwayne Bravo (WIS), Graham Napier (ENG), Jean-Paul Duminy (RSA), Kyle Mills (NZL), Lasith Malinga (SRI), Luke Ronchi (AUS), Mohammad Ashraful (BAN), Ryan McLaren (RSA), Sanath Jayasuriya (SRI), Kieron Pollard (WI).
India stars: Sachin Tendulkar, Harbhajan Singh, Zaheer Khan.
Most expensive picks: Sanath Jayasuriya (Sri Lanka, $975,000) and JP Duminy (South Africa, $975,000)
BANGALORE (titled Royal Challengers)
Situated in southern India and is the country's IT capital. Owned by United Breweries Ltd.
Owner: Vijay Mallya (liquor and airline baron)
Cost: $111.6 million
Coach: Ray Jennings (RSA)
Captain: Anil Kumble (India)
Foreign players: Kevin Pietersen (ENG), Cameron White (AUS), Dale Steyn (RSA), Dillon du Preez (RSA), Jacques Kallis (RSA), Jesse Ryder (NZL), Mark Boucher (RSA), Nathan Bracken (AUS), Roelof van der Merwe (RSA), Ross Taylor (NZL), Eoin Morgan (ENG).
India stars: Anil Kumble, Praveen Kumar, Rahul Dravid, Robin Uthappa, Virat Kohli, Wasim Jaffer.
Most expensive pick: Kevin Pietersen (England, $ 1.55 million)
KOLKATA (titled Kolkata Knight Riders)
Situated in eastern India. Owned by a consortium that includes Shah Rukh Khan-owned Red Chillies Entertainment.
Owners: Shah Rukh Khan and Juhi Chawla (Bollywood stars)
Cost: $75.09 million
Coach: Dav Whatmore (AUS)
Captain: Sourav Ganguly
Foreign players: Ajantha Mendis (SRI), Angelo Mathews (SRI), Brad Hodge (AUS), Brendan McCullum (NZL), Chris Gayle (WIS), David Hussey (AUS), Mark Cameron (AUS), Mashrafe Mortaza (BAN), Moises Henriques (AUS), Shane Bond (NZ).
India stars: Sourav Ganguly, Aakash Chopra, Ishant Sharma, Murali Kartik, Sanjay Bangar.
Most expensive pick: Ishant Sharma (India, $950,000)
DELHI (titled Delhi Daredevils)
Situated in northern India and is the country's capital. Owned by infrastructure company GMR Holdings.
Owner: GMR Holdings (Indian business house)
Cost: $84 million
Coach: Greg Shipperd (AUS)
Captain: Gautam Gambhir (IND)
Foreign players: AB de Villiers (RSA), Andrew McDonald (AUS), Daniel Vettori (NZL), David Warner (AUS), Dirk Nannes (AUS), Farveez Maharoof (SRI), Glenn McGrath (AUS), Owais Shah (ENG), Paul Collingwood (ENG), Tillakaratne Dilshan (SRI), Wayne Parnell.
India stars: Virender Sehwag, Amit Mishra, Ashish Nehra, Dinesh Karthik, Gautam Gambhir.
Most expensive pick: Gautam Gambhir (India, $725,000)
MOHALI (titled Kings XI Punjab)
Situated in northern India. Owned by a consortium that includes Bollywood actress Preity Zinta, businessmen Ness Wadia and Mohit Barman.
Owners: Ness Wadia (businessman), Preity Zinta (Bollywood star), Mohit Burman (businessman), Karan Paul (businessman)
Cost: $76 million
Coach: Tom Moody (AUS)
Captain: Kumar Sangakkara (SL)
Foreign players: Brett Lee (AUS), Burt Cockley (AUS), James Hopes (AUS), Kumar Sangakkara (SRI), Luke Pomersbach (AUS), Mahela Jayawardene (SRI), Ravi Bopara (ENG), Shaun Marsh (AUS), Simon Katich (AUS), Jerome Taylor (WIS), Yusuf Abdullah (SA).
India stars: Yuvraj Singh, Irfan Pathan, Piyush Chawla, Ramesh Powar, Shanthakumaran Sreesanth, Mohammad Kaif.
Most expensive pick: Irfan Pathan (India, $925,000)
HYDERABAD (titled Deccan Chargers)
Situated in southern India. Owned by media group Deccan Chronicle.
Owners: Deccan Chronicle (newspaper group)
Cost: $107.01 million
Coach: Darren Lehmann (AUS)
Captain: Adam Gilchrist (AUS)
Foreign players: Adam Gilchrist (AUS), Andrew Symonds (AUS), Chamara Silva (SRI), Chaminda Vaas (SRI), Dwayne Smith (WIS), Fidel Edwards (WIS), Herschelle Gibbs (RSA), Nuwan Zoysa (SRI), Ryan Harris (AUS), Scott Styris (NZL), Kemar Roach (WI).
India stars: VVS Laxman, Pragyan Ojha, Rohit Sharma, Rudra Pratap Singh.
Most expensive pick: Andrew Symonds (Australia, $1.35m)
CHENNAI (titled Chennai Super Kings)
Situated in southern India. Owned by India Cements.
Owner: N. Srinivasan (businessman and Indian cricket board secretary)
Cost: $91 million
Coach: Stephen Fleming (NZL)
Captain: Mahendra Singh Dhoni (IND)
Foreign players: Albie Morkel (RSA), Andrew Flintoff (ENG), George Bailey (AUS), Makhaya Ntini (RSA), Matthew Hayden (AUS), Muttiah Muralitharan (SRI), Stephen Fleming (NZL), Thilan Thushara (SRI), Thisara Perera (SL), Justin Kemp (SA).
India stars: Mahendra Singh Dhoni, Joginder Sharma, Lakshmipathy Balaji, Murali Vijay, Parthiv Patel, Suresh Raina.
Most expensive picks: Andrew Flintoff (England, $1.55 million) Mahendra Singh Dhoni (India, $1.5m)
JAIPUR (titled Rajasthan Royals)
Situated in northern India. Primarily owned by UK-based company Emerging Media along with Bollywood starlet Shilpa Shetty.
Owners: Emerging Media group (Lachlan Murdoch, A.R Jha and Suresh Chellaram), Shilpa Shetty (Bollywood star), Raj Kundra (Businessman)
Cost: $67 million
Coach/captain: Shane Warne (AUS)
Foreign players: Shane Warne (AUS), Dimitri Mascarenhas (ENG), Graeme Smith (RSA), Lee Carseldine (AUS), Morne Morkel (RSA), Robert Quiney (AUS), Shane Harwood (AUS), Shane Watson (AUS), Shaun Tait (AUS), Tyron Henderson (RSA), Adam Vogues (AUS), Damien Martyn (AUS).
India stars: Munaf Patel, Ravindra Jadeja, Yusuf Pathan.
Most expensive picks: Tyron Henderson (South Africa, $675,000)