[1] Churchill Brothers were the reigning champions of the Federation Cup, having won the tournament in 2014, however, due to failing to pass the licensing criteria for the I-League, they were unable to defend their title.

[2] All matches including the semi-final and final were played in Goa.

The final was played between Dempo and Bengaluru FC on 11 January 2015.

Bengaluru FC beat Dempo 2–1 to clinch their maiden Federation Cup title.

On 25 September 2014, it was announced that ten of the eleven I-League clubs would be participating in the Federation Cup, with Bharat FC being the exception.