It was built in a public-private partnership between the Government of Gujarat and SE TransStadia, a company led by entrepreneur Udit Sheth.

TransStadia was established by entrepreneur Udit Sheth after being introduced to British footballer and stadium consultant Paul Fletcher.

Sheth sought to build a multi-purpose stadium on an otherwise-unused property in Gujarat,[2] licensing technology from Fletcher's company StadiArena to allow part of the facility to be converted into an indoor arena to maximise its utilisation.

[5] The facility cost ₹550 crore to construct, as part of a public-private partnership with the state government; Sheth explained that "the project would not have been viable if we decided to charge commercial market value rent and still expected sports to develop.

[6] A formal inauguration ceremony was held 30 June 2017, attended by Prime Minister Narendra Modi and other political and sporting dignitaries.