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Defending champions Bengaluru Bulls will also be in action on Saturday when they take on three-time champions Patna Pirates.
The organisers unveiled the trophy on Friday in the presence of all 12 captains.
U Mumba captain Fazel Atrachali said he was banking on youngsters in the side for a good show.
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Rohit Kumar, who is captaining Bengaluru Bulls said all the teams are “extremely competitive”.
“But I believe Gujarat Fortunegiants and Tamil Thalaivas are our strongest competitors this season. This year, we aim to win maximum of the matches and even if we lose, I will hope to lose with the minimum difference.
“The 45-day long camp has made us train and practice extremely hard and with that intensity we will prepare for the match against Patna Pirates tomorrow and give our 100% and try to win the first match of the season,” he said.
Star Sports will broadcast all the matches.