The team is owned by The Wave Group, after the company bought the franchise on 17 September 2012.[3] The group is involved in many businesses including sugar manufacturing, distilleries, paper manufacturing, real estate and retail management.[3]
Wave Group is envisioned by founder-leader Kulwant Singh Chadha. The Chadha Group has been integrated by his three sons; — late Gurdeep Singh Chadha, late Hardeep Singh Chadha, Rajinder Singh Chadha, and grandson Manpreet Singh (Monty) Chadha.[4] Starting with a sugar crusher in the state of Uttar Pradesh, the group has progressively cast its footprint in diverse business industries. John Abraham is the co-owner of Delhi Waveriders. He owns 13% share of the team.