The Premier Handball League (PHL) on Tuesday announced Maharashtra Ironmen as the fourth team for the much-awaited inaugural edition of the franchise-based league. The Maharashtra team is owned by Puneet Balan of the Puneet Balan Group.
The Puneet Balan Group, worth around Rs 3500 crore, is headed by a young and dynamic entrepreneur and philanthropist, Puneet Balan, who is one of the few new age sports investors. An Olympic sports enthusiast and owner of teams in various sports leagues, Puneet Balan has earned himself a reputation for his wit and sharp business acumen. He is also being recognized as a visionary who has invested in sports, entertainment and real estate.
“Stakeholders who are equally passionate and have a vision for handball in India are a perfect combination for us at PHL. We are delighted to welcome Mr. Puneet Balan and the Puneet Balan Group on board and are confident that this partnership will not only help restore Maharashtra’s rich sporting heritage but also promote the game of handball as a commercially viable product. will also enable it to develop. Maharashtra where the sport is already popular said Manu Agarwal, CEO, BlueSport Entertainment Pvt Ltd. Ltd.
An ardent sports enthusiast and youth icon, Puneet has made remarkable contributions to the financial stability of Army Goodwill Schools and Parivar School Society in Jammu and Kashmir through the Indrani Balan Foundation. Sports is an essential part of Maharashtra’s culture and now, working with PHL, Puneet will further promote handball in the region and take the game to the next level. He also owns teams in various sports leagues including the Tennis Premier League and has investments in a sports employment startup.
“I have always believed in strategic alliances with competitive and dynamic partners to drive change and growth. With a unique combination of speed, agility, technique, skill and teamwork, handball is one of the most exciting sports and has a huge following in the western market. I believe that if it is well publicized and supported, it will get the same popularity in the Indian market. Additionally, being an Olympic sport with the majority of players coming from the armed forces, handball becomes a natural choice for our group. Through PHL, we will try to change this new age game,” said Puneet Balan, CMD Puneet Balan Group.
Bluesport Entertainment Pvt Ltd—the league’s exclusive licensee under the aegis of the Handball Federation of India—had previously launched three teams: Garvit Gujarat, Golden Eagles Uttar Pradesh and Rajasthan Wolverines. Maharashtra Ironman will be among the six teams to feature in the inaugural edition, which is scheduled to take place later this year as the PHL prepares to revolutionize and transform Indian handball.
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