Although the team has gained immense popularity due to its association with celebrity owners, it was surrounded with controversy and poor on-field performance through the first three years of the tournament. The team’s performance, however, improved from the fourth season as it qualified for the IPL playoffs as well as the now defunct Champions League Twenty20. They eventually became the IPL champions for the first time in 2012, by defeating Chennai Super Kings in the final and repeated the feat in 2014, defeating Kings XI Punjab. The Knight Riders hold the record for the longest winning streak by any Indian team in T20s (14).
The leading run-scorer of the side is Gautam Gambhir, while the leading wicket-taker is Sunil Narine. The official theme of the team is Korbo, Lorbo, Jeetbo Re (we will act, fight and win!) and the official colours are purple and gold. The brand value of the Knight Riders was estimated at $86 million in 2015, the highest valuation amongst all eight teams by a margin.