Parth Jindal invests in PadelPark India

Parth Jindal, founder of JSW Sports and Inspire Institute of Sport (IIS), invested in PadelPark India, which promotes padel - a racquet sport - in the country.

Headquartered in Mumbai, PadelPark India operates the Indian Padel Academy, which offers coaching and training both at a grassroots and advanced level providing players in India an opportunity to compete at an International level.

Currently, PadelPark India operates 11 padel courts in Mumbai and has constructed over 22 courts for various sports clubs, hotels, resorts, and corporate entities.

The company plans to establish more than 100 Padel clubs across India over the next few years through a combination of its own as well as franchise-run centres.

"The new funding will be deployed in scaling up their infrastructure, and enhancing the offerings of their academy and events. PadelPark India are on track to deliver 40 Padel Courts in the next three months, open 15 Padel Centers/clubs in the next 60 days and train 250 people from next month," the company said in a press release.

PadelPark India is currently hosting the largest on-ground Padel tournament in India, which saw an enrollment of 90 teams.

The amount of investment remains undisclosed.

'Padel is a fast growing global sport'

Commenting on his investment in PadelPark India, Parth Jindal said, “PadelPark is building an ecosystem for the sport of Padel in the country, ranging from establishing the necessary infrastructure to creating a coach and student education program to establishing a robust tournament framework."

"The Founders’ vision of expanding access through innovation and community building aligns perfectly with our own vision of transforming India into a sporting nation. Padel is a fast-growing global sport that I have no doubt will become an Olympic sport in the future and I am excited to work with the PadelPark team to increase the popularity of the sport in India," he added.

Ronak Daftary, Co-founder of PadelPark, expressed his excitement over the investment from Parth.

"We are excited to have Parth & his team on board with us and share his vision of making India the largest producer and distributor of Padel courts in the world. We firmly believe that Parth is the right person to help regulate the sport in India.”

Over the past few years, padel, which has roots in Mexico, has gained significant interest in Europe, along with a remarkable surge in its popularity across the globe.

Over the years, the number of courts has increased from around 10,000 in 2016 to more than 50,000 in 2024.

According to Padel, the sport is poised to grow to around 60,000 courts by 2026. Last year alone saw more than 2500 Padel clubs open around the world.

"The global padel industry is currently valued at over $2.2 billion, with more than 25 million players spanning 110 countries, and is projected to grow at an annual rate of 22 per cent, reaching $6.6 billion by 2026," Padel India said in a press release.

"Key drivers of this growth include increasing interest in sports, the appeal of trying new activities, endorsements by prominent public figures, and the rising number of international competitions," the release added.

With 23 per cent of India’s population actively participating in sports, India presents a significant market opportunity, with 232 million potential padel enthusiasts.