Hardik Pandya is set for a significant financial boost ahead of the Indian Premier League (IPL) 2027 season following a high-profile trade from Mumbai Indians (MI) to Punjab Kings (PBKS). The Indian all-rounder will earn ₹18 crore per season with his new franchise, an increase from his previous ₹16.35 crore contract at MI. The IPL officially confirmed the player exchange on Wednesday, November 11, 2026.
The deal also sees left-arm fast bowler Arshdeep Singh move in the opposite direction to Mumbai Indians at his existing fee of ₹18 crore. While the transfer reshapes both squads ahead of the upcoming season, it marks another milestone in Pandya’s impressive financial trajectory in the league.
From ₹10 Lakh to ₹18 Crore: Hardik Pandya’s Salary Growth
Pandya’s IPL journey began with Mumbai Indians in 2015, when he was signed for a modest ₹10 lakh. He gradually established himself as a destructive middle-order batter and a useful pace-bowling option, helping Mumbai secure titles in 2015, 2017, 2019, and 2020.
His rising stature was reflected in a substantial contract hike to ₹11 crore ahead of the 2018 season. He remained with MI through 2021 before joining Gujarat Titans (GT) for ₹15 crore in 2022.
The move proved immediately successful on the field. Pandya captained GT to the IPL title in their debut season and guided the team to a second final in 2023. His leadership and all-round contributions cemented his reputation as a player capable of influencing matches in multiple dimensions.
Return to MI and the Latest Salary Hike
Pandya returned to Mumbai Indians ahead of IPL 2024, assuming the captaincy from Rohit Sharma. His contract value subsequently rose, reaching ₹16.35 crore for the 2025 and 2026 seasons.
The latest trade delivers another financial upgrade. Under the confirmed agreement, Punjab Kings will pay Pandya ₹18 crore for IPL 2027, representing an increase of ₹1.65 crore over his previous fee.
Hardik Pandya IPL Salary: Season-Wise Breakdown
| IPL Season | Franchise | Salary |
|---|---|---|
| 2015 | Mumbai Indians | ₹10 lakh |
| 2016 | Mumbai Indians | ₹10 lakh |
| 2017 | Mumbai Indians | ₹10 lakh |
| 2018 | Mumbai Indians | ₹11 crore |
| 2019 | Mumbai Indians | ₹11 crore |
| 2020 | Mumbai Indians | ₹11 crore |
| 2021 | Mumbai Indians | ₹11 crore |
| 2022 | Gujarat Titans | ₹15 crore |
| 2023 | Gujarat Titans | ₹15 crore |
| 2024 | Mumbai Indians | ₹15 crore |
| 2025 | Mumbai Indians | ₹16.35 crore |
| 2026 | Mumbai Indians | ₹16.35 crore |
| 2027 | Punjab Kings | ₹18 crore |
What Hardik Brings to Punjab Kings
Pandya’s arrival provides Punjab Kings with an experienced Indian all-rounder boasting a proven record of winning IPL titles. His ability to contribute crucial runs and bowl key overs makes him a vital addition to the squad.
Punjab will hope his experience helps the franchise take the next step toward its maiden IPL championship. For Pandya, the move represents a fresh challenge with his third IPL franchise following successful spells with Mumbai Indians and Gujarat Titans. With a higher salary and a new environment, IPL 2027 could become another defining chapter in Hardik Pandya’s career.
