Players
The players in the team (except for Rahul Dravid, who was the Icon Player), were selected in an auction conducted by BCCI on 20 February 2008. South Africa's Jacques Kallis at $900,000 became the costliest player to be selected to play for the Royal Challengers. This meant that Rahul Dravid , being the icon player would be paid $1,035,000 (15% more than the highest bid player in the team). Other players selected included the Indian Test cricket captain Anil Kumble along with his team-mates Wasim Jaffer and Zaheer Khan, West Indian Shivnarine Chanderpaul, Aussies' Nathan Bracken and Cameron White, South Africa's Mark Boucher (Wicket Keeper) and Dale Steyn.
Current squad
| No | Name | Age | Nationality | Batting Style | Bowling/Fielding | Bidding/Sign-in Price |
| 1 | Rahul Dravid (Captain) | 35 |  India | Right-handed | Right-arm off-break | Icon Player |
| 2 | Jacques Kallis | 32 |  South Africa | Right-handed | Right-arm fast-medium | US$ 900,000 |
| 3 | Anil Kumble | 37 | India | Right-handed | Leg-break googly | US$ 500,000 |
| 4 | Cameron White | 24 |  Australia | Right-handed | Leg-break googly | US$ 500,000 |
| 5 | Zaheer Khan | 29 | India | Right-handed | Left-arm medium-fast | US$ 450,000 |
| 6 | Mark Boucher | 31 | South Africa | Right-handed | Wicket keeper | US$ 450,000 |
| 7 | Nathan Bracken | 30 | Australia | Right-handed | Left-arm fast-medium | US$ 325,000 |
| 8 | Dale Steyn | 24 | South Africa | Right-handed | Right-arm fast | US$ 325,000 |
| 9 | Shivnarine Chanderpaul | 33 |  West Indies | Left-handed | Right-arm leg-break | US$ 200,000 |
| 10 | Wasim Jaffer | 30 | India | Right-handed | Right-arm off-break | US$ 150,000 |
| 11 | Misbah-ul-Haq | 33 |  Pakistan | Right-handed | Right-arm leg break | US$ 125,000 |
| 12 | Ross Taylor | 24 |  New Zealand | Right-handed | Right-arm off break | US$ 100,000 |
| 13 | Praveen Kumar | 21 | India | Right-handed | Right-arm medium-fast | US$ 300,000 - Under 22 Player[7] |
| 14 | Abdur Razzak | 25 |  Bangladesh | Left-handed | Slow left-arm orthodox | US$ 50,000 |
| 15 | Sunil Joshi | 37 | India | Left-handed | Slow left-arm orthodox | Former Indian team player[8] Karnataka |
| 16 | Arun Kumar J. | 33 | India | Right-handed | Right-arm off-break | Karnataka - Ranji Trophy player[9] |
| 17 | Vinay Kumar R. | 24 | India | Right-handed | Right-arm medium-fast | Karnataka - Ranji Trophy player[9] |
| 18 | Akhil B. | 30 | India | Right-handed | Right-arm medium-fast | Karnataka - Ranji Trophy player[9] |
| 19 | Devraj Patil | 23 | India | Right-handed | Wicket keeper | Karnataka - Ranji Trophy player[8] |
| 20 | Bharat Chipli | 25 | India | Right-handed | Right-arm medium | Karnataka - Ranji Trophy player[10] |
| 21 | Appanna K. P. | 19 | India | Right-handed | Slow left-arm orthodox | Under 22 player[8] |
| 22 | Virat Kohli | 19 | India | Right-handed | Right-arm medium | India Under-19 Team - Under 22 player |
| 23 | Shreevats Goswami | 18 | India | Left-hand | Wicket keeper | India Under-19 Team - Under 22 player |
