The Delhi Capitals has undergone several changes over the years in all facets, including their ownership control and their name. However, the franchise has been one of the constants since the beginning of the lucrative T20 league in the summer of 2008. The franchise is set to unleash a new-look team under a new captain, Axar Patel, this summer in their bid to claim the elusive IPL title. The Delhi-based franchise is currently jointly owned by the GMR Group (Grandhi Mallikarjuna Rao) and the JSW Group (Jindal South West). Both parties have 50 percent stakes in it.
| Owner | Duration |
| GMR Group (100%) | 2008-2018 |
| GMR Group (50%) and JSW Group (50%) | 2018- Present |
DC owners
Initially known as the Delhi Daredevils, the franchise was reportedly bought by the GMR Group during an auction held by the Board of Control for Cricket in India (BCCI) in February 2008 for USD 84 million. The GMR Group is one of India’s largest infrastructure development companies, with key expertise in developing, and operating airports, highways, and other infrastructural development projects.
In 2018, the GMR Group reportedly sold 50% stakes of the franchise to JSW Sports for INR 550 crore (USD 63 million). The franchise was subsequently renamed the Delhi Capitals later that year. JSW Group is among India’s leading multinational conglomerates worth USD 13 billion. The group has been active in sectors like steel, cement, infrastructure, ports, minerals, paints, automotive, and energy in India as well as overseas.
All DC owners
Delhi Capitals is co-owned by the JSW Group and the GMR Group. The CEO of the franchise is Sunil Gupta, who assumed the position in 2024. Gupta has previously worked as the Chief Marketing Officer at Adidas India.
Parth Jindal is the Director of JSW Sports and operates the Delhi Capitals along with veteran businessman Kiran Kumar Grandhi, the Corporate Chairman of the GMR Group. Grandhi and Jindal serve as co-chairmen of the Delhi-based franchise.
Brand value of Delhi Capitals in 2025
According to Forbes, the brand value of the Delhi Capitals in 2025 is USD 80 million. The franchise has reportedly witnessed a 24 percent growth since 2024.
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FAQs on IPL
A. The Delhi-based franchise is jointly owned by the GMR Group (Grandhi Mallikarjuna Rao) and the JSK Group (Jindal South West). Parth Jindal, the Director of JSW Sports, and Kiran Kumar Grandhi, the Corporate Chairman of GMR Group, serve as co-chairmen of the Delhi Capitals.
A. No, the Delhi Capitals have not managed to win the IPL, as of March 2025.
A. Spin-bowling all-rounder Axar Patel will lead DC in the IPL 2025.
