Already regarded as the world's richest and most successful Twenty20 cricket team, the
But it was only when Sharma was appointed captain in 2013, after Ponting stepped down due to loss of form, that the team became a force to be reckoned with.
The 33-year-old star batsman has led by example, scoring 3,728 runs since joining Mumbai in 2011 and captaining the team to IPL trophies in 2013, 2015, 2017 and 2019.
Sri Lankan legend Mahela Jayawardene is the coach, while West Indian big-hitter Kieron Pollard and India quick Jasprit Bumrah add power to the team.
Australia paceman Nathan Coulter-Nile, part of the Indians' first title win in 2013, returns this season after being snapped up for $1.12 million in the December auctions.
"It's good to come back to the most successful T20 franchise of the world," said Coulter-Nile.
"Obviously the team I was involved with then was filled with absolute greats. Ricky Ponting, Sachin Tendulkar, Harbhajan Singh, Rohit Sharma.
"And to come back to see this team now developing those sort of greats again. Rohit Sharma is a great in himself. Bumrah, best death bowler in the world."
However, the loss of pace ace Lasith Malinga earlier this month was a big blow, after the veteran Sri Lankan opted out of the tournament to be with his family.
But despite the loss of Malinga, the IPL's highest wicket-taker with 170 scalps in 122 matches, Mumbai's fans still expect their team to come home with the trophy.