Delhi’s elite Delhi Gymkhana Club reported a massive jump in surplus during 2023-24, with earnings rising nearly ten times to Rs 9.5 crore from Rs 93 lakh a year earlier, according to financial documents filed with the ministry of corporate affairs. The filings also showed that the club held strong reserves, investments and liquid funds even as it faced uncertainty over land lease renewal and legal disputes involving the Centre, a TOI report stated.
The documents revealed that restaurants, bars and banquet operations emerged as the club’s biggest revenue source during the year, contributing around Rs 43 crore. The figures have once again drawn attention to long-running criticism that the club has shifted focus away from sports and recreational activities.
