"Maharashtra is a natural home for wrestling. Our first international champions have come from here. We want to take the sport back to its former glory," franchise co-owner Ranjit Saxena said.
India's first individual medal winner in the Olympics Games, KD Jadhav, in fact was born in Goleshwar, Maharasthra.
Ravi Jain, another co-owner, underlining his vision for the sport, said that the Veer Marathas would set up wrestling academies in places like Sholapur and Aurangabad that have a well-known affinity to wrestling.
"We are also grateful to have such gracious owners, who have come into the sport to promote it, rather than for any commercial reasons," he added.