Delhi Capitals (DC) is co-owned by JSW Sports and GMR Group under the joint venture JSW GMR Cricket Pvt Ltd. Parth Jindal, representing JSW Sports, and Kiran Kumar Grandhi of GMR Group serve as the co-chairmen of the franchise.
Their partnership symbolizes a strategic blend of industrial expertise and sporting ambition. JSW Sports, a subsidiary of the JSW Group led by Sajjan Jindal, has been instrumental in expanding DC’s brand presence since acquiring a 50% stake in 2018.
GMR Group, on the other hand, has been associated with the franchise since its inception in 2008. This article provides an in-depth look at their ownership journey, business ventures, brand value, and DC’s impact in IPL 2025.
Who Is The Owner Of DC?
Delhi Capitals (DC) is a franchise with ownership shared equally between two major Indian business groups: GMR Group and JSW Group.
Initially founded as Delhi Daredevils in 2008 by GMR Group, the team saw a shift in 2018 when JSW Group joined as a co-owner, acquiring a 50% stake. This partnership brought new energy and strategic direction, culminating in the team’s rebranding to Delhi Capitals.
With GMR’s experience in infrastructure and JSW’s deep-rooted presence in steel and sports, the franchise has evolved into a competitive force in the IPL with a modern, forward-thinking approach.
If you want to learn more about the ownership and business behind IPL teams, this detailed overview of IPL team owners is quite insightful.
Owner & Business Ventures
GMR Group is a leading infrastructure developer with a strong presence in sectors like airports, energy, and transportation. It has been a cornerstone of Delhi Capitals’ ownership since the franchise’s inception in 2008.
JSW Group, a diversified conglomerate with interests in steel, energy, and infrastructure, brought significant value to DC when it acquired a 50% stake in 2018. JSW Sports, a subsidiary of JSW, also owns other prominent sports franchises like Bengaluru FC and Pretoria Capitals.
The Delhi Capitals franchise is managed by a dedicated team, with key decisions made collaboratively by both JSW Sports and GMR Group, ensuring a unified approach to growth and success.
Here are some details about Delhi Capitals’ owners:
- Delhi Capitals is owned by a joint venture between GMR Group and JSW Group, with both companies holding a 50% stake.
- GMR Group, an Indian infrastructure company, was the original owner of the franchise when it was established as Delhi Daredevils in 2008.
- In 2018, JSW Group, a leading conglomerate with interests in steel, cement, and sports, joined the ownership structure, bringing in fresh strategic vision.
- JSW Group’s entry was part of a larger move to restructure the franchise and rebrand it as Delhi Capitals.
- The two groups share management and operational responsibilities, making the partnership key to DC’s success in recent years.
DC Net Worth & Brand Value
Delhi Capitals is valued at approximately $80 million, positioning it as one of the most valuable franchises in the Indian Premier League.
This impressive valuation is a result of the team’s strong brand presence, built through a passionate fan base and consistent performance on the field.
In fact, among IPL teams, Delhi Capitals’ fan following has been a key contributor to their growing popularity, as highlighted in this analysis of the most followed IPL teams.
Additionally, strategic partnerships have played a crucial role in enhancing the franchise’s value. Delhi Capitals’ continued success in both men’s and women’s cricket further solidifies its position as a leading force in the IPL, contributing to its growing financial and commercial appeal.
DC In IPL 2025
Delhi Capitals (DC) finished IPL 2025 in 5th place with 15 points from 14 matches—7 wins, 6 losses, and 1 no-result. Despite a strong start, including four consecutive wins, they narrowly missed out on a top-four playoff spot.
As seen in the IPL 2025 playoff race breakdown, DC was among the teams that came close but couldn’t quite make the cut.
KL Rahul was DC’s top scorer with 539 runs, while Kuldeep Yadav led their bowling with 15 wickets. However, inconsistency, especially at their home ground, affected their chances.
Head coach Hemang Badani and mentor Kevin Pietersen praised the team’s potential but emphasized the need for improvement as DC looks to rebuild for a stronger next season.
DC in IPL 2026 Auction: Key Purchases and Squad Additions
Delhi Capitals strengthened their squad in the IPL 2026 auction by blending experienced international T20 talent with high-potential Indian players, including a standout domestic all-rounder pick.
| Player Name | Auction Price |
|---|---|
| Auqib Nabi Dar | ₹8.40 crore |
| Pathum Nissanka | ₹4.00 crore |
| David Miller | ₹2.00 crore |
| Ben Duckett | ₹2.00 crore |
| Lungi Ngidi | ₹2.00 crore |
| Kyle Jamieson | ₹2.00 crore |
| Prithvi Shaw | ₹75 lakh |
| Sahil Parakh | ₹30 lakh |
This table highlights DC’s major buys from the 2026 auction, showing where they invested their purse to balance batting firepower and bowling depth for the upcoming IPL season.
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Conclusion: GMR Group And JSW Group Jointly Own Delhi Capitals!
Delhi Capitals in the IPL is largely driven by the strong partnership between GMR Group and JSW Group.
GMR Group, with its extensive experience in infrastructure and development, has provided a solid foundation for the franchise’s growth. On the other hand, JSW Group, with its diverse portfolio, has brought a strategic business approach, contributing significantly to the team’s brand value.
Looking ahead, continued investments in world-class talent, infrastructure, and cutting-edge facilities will ensure Delhi Capitals’ sustained success. This dynamic partnership guarantees the team will remain a dominant force in the IPL for years, consistently aiming for excellence on and off the field.
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