Who Owns Delhi Capitals?

Jatin

Delhi Capitals owners Kiran Kumar Grandhi and Parth Jindal [Source: @DelhiCapitals/x.com]Delhi Capitals owners Kiran Kumar Grandhi and Parth Jindal [Source: @DelhiCapitals/x.com]

Delhi Capitals (DC) is one of the original IPL teams, but they’ve always had an underdog vibe. They’ve been around since 2008, but the trophy has eluded them so far. Despite the heartbreaks, DC keeps bouncing back, winning fans with their fearless cricket and young talent.

Behind all this is a strong ownership setup. With GMR Group and JSW Group running the show, DC has evolved into a solid brand over the years. 

Here’s a closer look at Delhi Capitals owners who run the show behind this powerhouse franchise.

Who is the Owner of Delhi Capitals?

The Delhi Capitals is co-owned by two massive companies: GMR Group and JSW Group.

The GMR Group is a huge name in property development and they bought the franchise for $84 million in 2008.

In 2018, the JSW Group, one of India’s top multinational conglomerates, joined the ownership by picking up 50% of the stakes for ₹550 crore.

DC Owner Share Percentage

The Delhi-based franchise, Delhi Capitals, is co-owned by JSW Group and GMR Group. Both companies own 50% of the franchise.

Parth Jindal, the Director of JSW Sports, is one of the main faces behind DC’s ownership. He’s been crucial in shaping the team’s strategies and making bold decisions.

On the GMR side, the CEO and MD of GMR Infrastructure, Kiran Grandhi plays a key role. Together, Jindal and Gandhi ensure that DC is managed professionally and that they’re always looking ahead.

Vinod Bisht, a former paratrooper in the Indian Army, was recently appointed as the interim CEO, adding another layer of leadership to the franchise.

Delhi Capitals’ Ownership History

DC perviously Delhi Daredevils (@cricbuzz/X.com)DC perviously Delhi Daredevils (@cricbuzz/X.com)

DC’s ownership has seen a couple of major milestones:

2008: The GMR Group bought the franchise and named it Delhi Daredevils.

2018: The JSW Group joined the ownership by acquiring a 50% stake. Soon after, the team was rebranded as Delhi Capitals.

The partnership between GMR and JSW has been smooth, with both sides working together to push DC toward success.

While they’ve come close to winning the IPL, the trophy remains a dream for the Capitals.

DC Owner's Net Worth

With the Arun Jaitley Stadium in New Delhi as their home ground, DC’s owners are among the most sought-after personalities. 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)DC co-owner Parth Jindal with KL Rahul (@Kunal_KLR/X.com)

As of recent estimates, Parth Jindal's personal fortune is around ₹600 Crore. His wealth is fueled by his leadership across multiple sectors, from steel and cement to paints and sports, all under the JSW Group umbrella.

Kiran Kumar Grandhi’s Net Worth  

DC co-owner Kiran Kumar Grandhi (@KoushikKannan3/X.com)DC co-owner Kiran Kumar Grandhi (@KoushikKannan3/X.com)

The younger son of Indian billionaire businessman GM Rao and the chairman of GMR Group, Kiran Kumar Grandhi is India's richest man in the logistics sector. He has a real-time net worth of USD 1.7 billion as of August 19, 2023. This is around Rs 14,130 crore.

DC Owner's Controversies

DC’s ownership has mostly stayed away from controversies. Both the GMR Group and JSW Group have kept a clean reputation and have focused entirely on cricket and managing the team with professionalism.

BOther Teams owned by DC's Owners: Business Ventures and Affiliations

The Delhi Capitals are not just about IPL. They’ve got several sister teams and partnerships that expand their footprint in cricket:

  • Dubai Capitals: A team in the International League T20 (ILT20), owned by the GMR Group.
  • Pretoria Capitals: Competing in South Africa’s SA20 league, also owned by GMR.
  • Seattle Orcas: A Major League Cricket (MLC) franchise in the USA.
  • Hampshire Cricket: The GMR Group also has a 51% stake in this English county cricket team.
  • On the sponsorship front, DC has collaborated with some of the biggest names. Their title partner is Hero FinCorp, while principal sponsors include Greenpanel and DP World. 
  • Associate partners like Jio, Acko, Puma, Waaree Solar, Encalm, and JSW Paints further strengthen their portfolio.
  • Official partners such as Dream11, Bisleri, Big Ant Studios, and JioCinema bring additional support, while Paytm Insider handles their ticketing.

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.