Ketan Dhawre (37) and Pravin Naik (28) were arrested two days ago. According to police, Naik was the mastermind of the crime which came to light when a spectator was denied entry at the stadium because his ticket was found to be fake.
Naik, a diploma holder in graphics, animation and web designing, forged the image of an IPL ticket with the help of a computer software and printed out 560 tickets.
He handed over the tickets to Dhawre and another accused, Ibrahim Khan (58) to sell them, police said.