Delhi Capitals (DC) is one of the original IPL franchises, and while they’ve always carried the underdog tag, they’ve also been one of the most resilient teams in the league. Since their debut in 2008, the coveted IPL trophy has remained just out of reach, but that hasn’t stopped DC from winning hearts with their fearless brand of cricket and focus on young talent.
Behind the scenes, a strong ownership structure has played a key role in shaping the franchise. With the GMR Group and the JSW Group at the helm, DC has steadily evolved into a recognizable and admired brand over the years.
Here’s a closer look at the Delhi Capitals owners who steer this dynamic franchise.
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Who is the Owner of Delhi Capitals?
The Delhi Capitals are co-owned by two powerhouse companies: GMR Group and JSW Group.
The GMR Group, a major player in infrastructure and property development, originally bought the franchise in 2008 for $84 million. A decade later, in 2018, the JSW Group—one of India’s leading multinational conglomerates—acquired a 50% stake in the team for ₹550 crore, marking a new era of shared ownership and stability for the franchise.
DC Owner Share Percentage
The Delhi-based franchise, Delhi Capitals, is co-owned equally by the JSW Group and the GMR Group, with each holding a 50% stake.
On the JSW side, Parth Jindal, Director of JSW Sports, is one of the most prominent faces of DC’s ownership. Known for his bold decision-making and sharp vision, he has been instrumental in shaping the team’s strategies and building a youthful, fearless brand of cricket.
Representing GMR is Kiran Kumar Grandhi, the CEO and MD of GMR Infrastructure, who plays a vital role in ensuring the franchise runs smoothly and is always focused on long-term growth.
Adding to the leadership mix, Vinod Bisht, a former paratrooper in the Indian Army, was recently appointed as the interim CEO of Delhi Capitals, further strengthening the team’s management structure.
Delhi Capitals’ Ownership History
Formerly known as the Delhi Daredevils, DC’s ownership journey has seen a couple of major milestones:
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2008: The GMR Group bought the franchise and launched it as the Delhi Daredevils.
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2018: The JSW Group acquired a 50% stake, and soon after, the team was rebranded as Delhi Capitals.
Since then, the partnership between GMR and JSW has been smooth and collaborative, with both sides working together to push DC toward greater success.
While the franchise has come close to lifting the IPL trophy, the ultimate prize still remains a dream for the Capitals and their fans.
DC Owner’s Net Worth
With the Arun Jaitley Stadium in New Delhi as their home ground, DC’s owners are among the most influential names in the IPL. Here’s a look at their accumulated financial worth:
Parth Jindal’s Net Worth
DC co-owner Parth Jindal with KL Rahul (@Kunal_KLR/X.com)
As of recent estimates, Parth Jindal’s net worth stands at around ₹600 crore. His fortune comes from his leadership roles across multiple sectors under the JSW Group umbrella, spanning steel, cement, paints, and sports.
Kiran Kumar Grandhi’s Net Worth
DC co-owner Kiran Kumar Grandhi (@KoushikKannan3/X.com)
The younger son of billionaire businessman G. M. Rao and a key leader at the GMR Group, Kiran Kumar Grandhi is India’s richest name in the logistics sector. As of August 19, 2023, his real-time net worth is estimated at USD 1.7 billion (≈ ₹14,130 crore).
DC Owner’s Controversies
Unlike many other IPL franchises, Delhi Capitals’ ownership has largely stayed away from controversies. Both the GMR Group and the JSW Group have maintained a clean reputation, keeping their focus firmly on cricket and running the franchise with professionalism and transparency.
Bothers Teams owned by DC’s Owners: Business Ventures and Affiliations
The Delhi Capitals are not just about the IPL—the franchise has steadily built a wider cricketing footprint through sister teams and global partnerships:
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Dubai Capitals: Compete in the International League T20 (ILT20), owned by the GMR Group.
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Pretoria Capitals: Play in South Africa’s SA20 league, also under GMR ownership.
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Seattle Orcas: A franchise in the USA’s Major League Cricket (MLC).
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Hampshire Cricket: The GMR Group also owns a 51% stake in this historic English county team.
On the sponsorship front, DC has joined hands with some of the biggest brands in the business. Their title partner is Hero FinCorp, while principal sponsors include Greenpanel and DP World.
They’ve also built a strong network of associate partners like Jio, Acko, Puma, Waaree Solar, Encalm, and JSW Paints. Supporting them further are their official partners—Dream11, Bisleri, Big Ant Studios, and JioCinema—with Paytm Insider managing their ticketing operations.
Also Read:
Who Owns Lucknow Super Giants?
FAQs: Delhi Capitals Owners
Q.1. Who owns Delhi Capitals?
Answer: Delhi Capitals is co-owned by the GMR Group and JSW Group.
Q.2. Who is the bald owner of Delhi Capitals?
Answer: A Commerce graduate and the younger son of GM Rao, Kiran Kumar Grandhi serves as the Chairman and co-owner of Delhi capitals.
Q.3. Who is the CEO of Delhi Capitals?
Answer: The current CEO of Delhi Capitals is Sunil Gupta. He was appointed in January 2024.
Q.4. What other ventures are associated with the team’s owners?
Answer: The GMR Group owns Dubai Capitals, Pretoria Capitals, and Seattle Orcas, and has a stake in Hampshire Cricket.
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