In Indian Premier League (IPL), reaching the final is a massive achievement, but falling at the final hurdle is a heartbreak shared by only a few elite leaders.

As of February 2026, here is the breakdown of the captains who have faced the most defeats in IPL finals.

MS Dhoni (Chennai Super Kings)

Several legendary names have reached the final exactly once as captain and walked away without the trophy:

Sachin Tendulkar (MI): Lost the 2010 final to CSK.

Kane Williamson (SRH): Lost the 2018 final to CSK.

Shreyas Iyer (DC/PBKS): Lost the 2020 final (with Delhi Capitals) and the 2025 final (with Punjab Kings - as captain). He won the title with KKR in 2024.

Anil Kumble (RCB): Lost the 2009 final to Deccan Chargers.

Daniel Vettori (RCB): Lost the 2011 final to CSK.