Tendulkar's waxwork was unveiled at the SCG where he has played some memorable innings.
The statue shows Tendulkar, who will turn 40 on Wednesday, clad in an India ODI jersey with his hands raised in a celebratory pose.
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The display of Tendulkar's wax statue alongside those of Bradman and Warne is significant as he had posed with the two legends during a 1998 trip to Bradman's residence in Adelaide to wish the great Australian batsman on his 90th birthday.
Swami Army, the group of Indian supporters which was formed in India's tour of Australia in 2003, sang and chanted his name as the statue was unveiled with some even bowing at the statue's feet.
Tendulkar has scored three Test hundreds at the SCG including a 241 not out in 2004- his best Test score then.
He is currently playing in the Indian Premier League.
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