Delhi Capitals (DC) is one of the most competitive franchises in the Indian Premier League (IPL). While the team’s on-field performances attract attention, its growth is shaped by a strong ownership structure behind the scenes.
The DC team is jointly owned by GMR Group & JSW Group, with each company holding a 50% stake. This partnership led to the rebranding from Delhi Daredevils to Delhi Capitals and gave the franchise a new direction.
In this article, we explain the DC team owner, ownership details, net worth, and the franchise’s journey in IPL and WPL.
Who Owns DC?
GMR Group and JSW Group each hold an equal stake in Delhi Capitals. Each company holds a 50% stake in the franchise. Parth Jindal from JSW Sports and Kiran Kumar Grandhi from GMR Group serve as co-chairmen.
GMR Group founded the franchise in 2008 when the IPL began. The team was originally called Delhi Daredevils. JSW Group joined as a co-owner in 2018, bringing new energy to the franchise. The partnership also led to a complete rebranding. The team changed its name from Delhi Daredevils to Delhi Capitals.
This joint ownership combines industrial strength with sporting vision. GMR Group brings experience in infrastructure and development. JSW Group adds a business strategy and a strong sports portfolio.
About GMR Group
GMR Group is a leading infrastructure company in India. The company operates in sectors like airports, energy, highways, and urban development. The group has built and manages major airports, including Delhi’s Indira Gandhi International Airport and Hyderabad’s Rajiv Gandhi International Airport.
Here are some key facts about GMR Group:
- GMR Group founded Delhi Capitals (then Delhi Daredevils) in 2008
- The company specializes in airports, energy, transportation, and urban infrastructure
- GMR Group headquarters is in New Delhi
- Grandhi Mallikarjuna Rao founded the company in 1978
About JSW Group
JSW Group is a diversified Indian conglomerate with interests in steel, cement, energy, and infrastructure. The company ranks among India’s largest business houses. JSW Sports, a subsidiary of JSW Group, manages the group’s cricket investments.
Here are some key facts about JSW Group:
- JSW Group acquired a 50% stake in Delhi Capitals in 2018
- JSW Sports also owns Bengaluru FC (football) and Pretoria Capitals (SA20)
- Sajjan Jindal leads the JSW Group as Chairman
- Parth Jindal, son of Sajjan Jindal, heads JSW Sports and serves as DC’s co-chairman
- The company drove the rebranding from Delhi Daredevils to Delhi Capitals
DC’s Brand Value
Delhi Capitals holds a valuation of approximately $80 million. This makes the franchise one of the most valuable teams in the IPL. The team’s brand strength comes from its passionate fan following and consistent performances.
Strategic partnerships have boosted the franchise’s commercial appeal. Delhi Capitals attracts major sponsors and maintains a strong digital presence. The joint ownership of two major Indian business groups adds financial stability and credibility to the brand.
The franchise earns revenue from sponsorship deals, merchandise sales, media rights, and match-day income. Both GMR Group and JSW Group actively invest in building the team’s brand across India and globally.
DC In IPL
Delhi Capitals plays its home matches at Arun Jaitley Stadium in New Delhi. The team joined the IPL in its first season in 2008 as Delhi Daredevils. Despite having talented squads over the years, the franchise has never won the IPL title.
DC’s Best IPL Seasons:
| Year | Position | Key Highlight |
|---|---|---|
| 2020 | Runners-up | First IPL final appearance; lost to Mumbai Indians. |
| 2019 | 3rd Place | Best finish at that time under new Delhi Capitals branding. |
| 2021 | 3rd Place | Consistent playoff qualification under Rishabh Pant’s captaincy. |
| 2025 | 5th Place | Narrowly missed playoffs with 15 points from 14 matches. |
The 2020 season marked the franchise’s best result. Under the captaincy of Shreyas Iyer, Delhi Capitals reached their first-ever IPL final. They lost to Mumbai Indians but showed they could compete at the highest level.
In IPL 2025, DC finished 5th with 7 wins, 6 losses, and 1 no-result from 14 matches. KL Rahul led the batting with 539 runs. Kuldeep Yadav topped the bowling charts with 15 wickets. Head coach Hemang Badani and mentor Kevin Pietersen focused on rebuilding for future seasons.
DC In IPL 2026 Auction
Delhi Capitals made several smart purchases in the IPL 2026 auction. The team balanced experienced international players with promising Indian talent.
| 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 |
Auqib Nabi Dar emerged as the standout domestic pick. The team added batting depth with David Miller and Ben Duckett. Lungi Ngidi and Kyle Jamieson strengthened the pace bowling department.
DC In WPL
Delhi Capitals also competes in the Women’s Premier League. The WPL franchise operates under the same GMR-JSW ownership structure. The women’s team has performed competitively since the league began in 2023.
Meg Lanning captained the team in the early WPL seasons. The franchise has invested in building a strong women’s squad with both Indian and international players. Delhi Capitals Women reached the playoffs in WPL 2024, showing their growing strength in women’s cricket.
Key Leadership Details
| Role | Name |
|---|---|
| Owner | GMR Group & JSW Group (50-50 partnership) |
| Co-Chairman (GMR) | Kiran Kumar Grandhi |
| Co-Chairman (JSW) | Parth Jindal |
| IPL Head Coach | Hemang Badani |
| IPL Mentor | Kevin Pietersen |
| Home Stadium | Arun Jaitley Stadium, New Delhi |
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Conclusion – GMR Group And JSW Group Jointly Own Delhi Capitals
GMR Group and JSW Group jointly own Delhi Capitals in the IPL and WPL. This 50-50 partnership combines infrastructure expertise with sports business strategy. The franchise rebranded from Delhi Daredevils to Delhi Capitals in 2018 when JSW joined as co-owner.
With a brand value of $80 million and a passionate fan base, Delhi Capitals continues to grow as a competitive force. The team reached their first IPL final in 2020 and remains focused on winning their maiden title.
Both ownership groups continue to invest in talent, coaching, and infrastructure to build a championship-winning franchise.
