Who is the owner of Delhi Capitals in IPL? Name, Age, Net Worth, Controversy & Background
The Indian Premier League (IPL) is a well-known cricket league that is one of the world’s most popular and profitable sporting events. Every year, millions of people across the world tune in to see the IPL in all of its magnificence. The event is purely based on the T20 format, which results in shorter, more intense games with more entertainment value. Another reason why the IPL is so popular is that it allows fans to root for their favorite teams from various cities and states in India.
One of the original teams of the IPL, Delhi Capitals (DC) have been a force to be reckoned with within the IPL and are a team steeped in a rich history and have always been brimming with potential with a proud history of grooming the young and upcoming future stars for Indian cricket. While the ultimate goal of an IPL title remains elusive, the Delhi Capitals came the closest in 2020 when they lost the final to Mumbai Indians, they have always demonstrated their potential and remain a team to watch out for.
Originally named the Delhi Daredevils (DD) in 2008, the franchise had some huge names to begin with, starting with captain Virender Sehwag, Gautam Gambhir, AB de Villiers, Tillakaratne Dilshan, Dinesh Karthik, Shoaib Malik, Mohammad Asif, Glenn McGrath and many more. The team made the semi-finals in the first year itself and made a strong start to their IPL journey.
At that time, the franchise was bought by the GMR Group (Grandhi Mallikarjuna Rao) at a valuation of $84 million in 2008. GMR Group’s Kiran Grandhi (known amongst the fans for his famous tactics at the auction table), the CEO and MD of GMR Infrastructure has been a pivotal figure at the Capitals since the inception of the league and is currently the co-owner of the team.
In 2018, the franchise underwent a big revamp and rebranding as JSW Group’s arm, JSW Sports was bought into the picture with Director Parth Jindal heading the unit and the company bought 50% stakes (₹550 crore) in the franchise and the brand was renamed to Delhi Capitals with both GMR Group and JSW group now owning 50% stakes.
| Team Info | |
|---|---|
| Team Name | Delhi Capitals (DC) |
| Age | 17 years |
| Ownership Since | 2008, since the inception of the league |
| Team Captain | Not announced till date in 2025 (Rishabh Pant captained the team in 2024) |
| Head Coach | Hemang Badani |
| Win % | 0.86 (103 matches won out of a total of 225) |
| Net Worth | $1.035 billion |
Who are the Delhi Capitals Owners?
DC Owner: Kiran Grandhi’s Personal Life
Who is Kiran Grandhi?
A Second-generation entrepreneur, Kiran Grandhi is the current owner of Delhi Captials. has been associated with the GMR group since 1999 as a board member and is currently the Corporate Chairman of GMR Group as well as the co-owner of Delhi Capitals. Born in 1975, the 50-year-old is one of the brains behind the GMR Group’s massive success.
Family (Wife, children, etc.)
Mr Kiran Kumar Grandhi is married to Ms Ragini Kiran Grandhi who is a Director of GMR Varalakshmi Foundation. Mr Kiran Grandhi has two sons – GM Ruchir and GM Riddhiman.
Early Life and Education
Born in 1975, Kiran Grandhi is the younger son of Grandhi Mallikarjuna Rao, the founder of GMR Group. His elder brother, G.B.S Raju is the chairman at GMR Airports. Kiran Grandhi is a commerce graduate.
Also Read: Who is the owner of Kolkata Knight Riders in IPL? Name, Age, Net Worth, Controversy, & Background
Business Ventures and Affiliations
Kiran Kumar Grandhi is a big name in the infrastructure industry and is currently the Chief Executive Officer, Director & MD at GMR Airports Ltd. He is also the Co-Chairman at GMR Group. Additionally, he holds the position of Director at GMR Energy Ltd. and Non-Independent Non-Executive Director at Delhi International Airport Ltd.
DC Owner: Parth Jindal’s Personal Life
Who is Parth Jindal?
Parth Jindal is a big Indian business tycoon and the director of JSW Sports which is an essential wing of the JSW Group. He is the chairperson and owner of Delhi Capitals and runs the operations across the franchise.
Family (wife, children, etc.)
Parth Jindal has been happily married to his long-time wife, Anushree Jasani. since 2016. The couple dated for around 7 years before getting engaged in 2015 and then eventually got married the next year. They have a daughter whom they have named Ayana, she was born in 2019.
Early Life and Education
Born on May 19, 1990, in the famous Jindal family, Parth is the youngest of three children of industrialist Sajjan Jindal and his wife Sangita Jindal.
He did his initial schooling from Cathedral and John Connon School in Mumbai before moving to the prestigious Sevenoaks School in England. Post that, he graduated with a BA in economics and political science from Brown University in 2012. Parth also completed and MBA from Harvard University in 2014.
Business Ventures and Affiliations
Parth Jindal is a highly successful industrialist and businessman, leading multiple roles at JSW. He was the MD of JSW Cement in June 2014. He is a big visionary heading JSW Sports, which manages and sponsors teams in major sports leagues like the Indian Super League’s Bengaluru FC, the IPL’s Delhi Capitals, and the Pro Kabaddi League’s Haryana Steelers. In 2018, he launched the Inspire Institute of Sport, a 42-acre facility that aimed to create world-class Indian athletes.
Delhi Capitals Ownership History
Delhi Capitals have had a couple of major milestone moments throughout their lifespan in terms of ownership.
- GMR Group (led by Kiran Grandhi) bought the franchise for $84 million in 2008 under the name of Delhi Daredevils.
- In 2018, the franchise underwent a massive rebranding as JSW Sports (Parth Jindal) joined hands with GMR Group (Kiran Grandhi) by buying 50% stakes (₹550 crore), and the franchise was renamed to Delhi Capitals.
Corporate Career
With such huge businessmen and influential superstars owning the franchise, one would expect the consortium to expand throughout the globe and with the acumen that has exactly what has happened with the Capitals. The owners have done a brilliant job in expanding the franchise all over the world and have built a wonderful brand that has its presence all around now.
| Team Name | League Name | Nation |
|---|---|---|
| Delhi Capitals Women | Women’s Premier League | India |
| Dubai Capitals | ILT20 | UAE |
| Pretoria Capitals | SA20 | South Africa |
| Seattle Orcas | Major League Cricket | USA |
| Southern Brave | The Hundred | England |
Controversies and Legal Challenges
One thing to absolutely admire about the Capitals is that despite being one of the original teams in the IPL since its inception in 2008, there have not been any instances where they have been involved in any sort of controversies or any kinds of legal issues across the span of 17 years till now. The owners and the management have run the franchise’s operations smoothly being thorough professionals with their work and must be lauded for their clean image.
Q. Who is the current owner of Delhi Capitals?
A. A. Delhi Capitals is owned jointly by GMR Group (headed by Kiran Grandhi) and JSW Group (headed by Parth Jindal). Both parties hold a 50% stake in the franchise.
Q. Who are the past owners of Delhi Capitals?
A. A. Delhi Capitals were owned solely by the GMR Group since 2018. In 2018, JSW Group joined hands with the existing owners and since then both the groups have been equal shareholders in the franchise.
Q. What controversies has the ownership faced?
A. Despite being involved with the IPL since its inception in 2008, the ownership (both GMR and JSW) have not faced any controversies till date and remain professional towards their commitments.
Q. What other ventures are associated with the team’s owners?
A. Kiran Kumar Grandhi is a big name in the infrastructure industry and is currently the Chief Executive Officer, Director & MD at GMR Airports Ltd. He is also the Co-Chairman at GMR Group. Additionally, he holds the position of Director at GMR Energy Ltd. and Non-Independent Non-Executive Director at Delhi International Airport Ltd.
Parth Jindal is a big Indian business tycoon and the director of JSW Sports which is an essential wing of the JSW Group. He is the chairperson of Delhi Capitals and runs the operations across the franchise.
Q. What is the net worth of the owner?
A. While the GMR group has a valuation of over INR 32000 Crores, the exact net worth of Kiran Grandhi is unknown. As per Forbes, Parth Jindal has a net worth of around INR 600 Crores.