It was played on 13 March 2021 at the Fatorda Stadium, Goa, between Mumbai City and ATK Mohun Bagan, who finished first and second in the league table during the regular season respectively.

[2] Owing to COVID-19 pandemic in India the final was played behind closed doors as well as the every match of the regular season and play-offs.

Mumbai City entered the final as the premiers of the regular season, having edged out Mohun Bagan on head-to-head record with a 2–0 win on the final matchday after the teams finished level on points.

[2] It was Mumbai City's first final, having previously lost in the semi-finals in the 2016 and 2018–19 seasons.

[3] Mumbai City defeated FC Goa in the semi-finals in a penalty-shootout after the two finished 2–2 over aggregate.