One of the Indian Premier League (IPL) franchises, Punjab Kings, were formerly known as the Kings XI Punjab (KXIP). The team name was changed to Punjab Kings in February 2021.

Punjab Kings play their home matches at the Maharaja Yadavindra Singh Cricket Stadium in Mullanpur and the HPCA Stadium in Dharamsala. Mohit Burman, Ness Wadia, Preity Zinta, and Karan Paul jointly own the franchise.

The franchise had a banner season in 2014, finishing as runners-up. Interestingly, it was the first season where they reached the final of the IPL.

Under the astute leadership of George Bailey, PBKS played a fantastic brand of cricket. Glenn Maxwell had one of the best seasons, where he finished third on the most runs tally with 552 runs off 16 outings.

Ahead of the 2025 Indian Premier League season, the Punjab Kings made bold retention decisions, choosing to retain only two uncapped players – Prabhsimran Singh and Shashank Singh.

This approach left them with the largest purse among franchises, exceeding INR 100 crore, providing significant flexibility in the upcoming mega auction. Additionally, PBKS holds four Right-to-Match (RTM) options, allowing them to potentially reacquire key players during the auction.

​In the 2025 IPL mega auction, the PBKS adopted an aggressive strategy to revamp their squad, leveraging their substantial auction purse. A marquee acquisition was Shreyas Iyer, secured for a record INR 26.75 crore. 

The 2025 season was one of the most successful in the franchise's history, thanks to a refreshed leadership group of new head coach Ricky Ponting and captain Shreyas Iyer.  

Shreyas Iyer’s men dominated the league. The team heavily relied on a high-octane batting lineup, smashing seven 200-plus totals when batting first. Shreyas Iyer led the team's scoring charts with 604 runs.2

They lost Qualifier 1 to Royal Challengers Bengaluru (RCB) but bounced back to defeat the Mumbai Indians in Qualifier 2. They reached their second-ever IPL final but suffered a heartbreaking loss to RCB, finishing as runners-up. The 2026 campaign was a rollercoaster that ultimately ended in disappointment.

However, in the following edition, Punjab Kings suffered a dramatic slump, failing to qualify for the playoffs despite a record-breaking start to the season.