Elite Pro Basketball Pvt Ltd was incorporated in February 2022 under the directorship of Sunny Bhandarkar and Pranav Prabhu.

It is owned and operated by Elite Sports India (ESI).

[5][6] EPBL's first try-out took place at Kotla Vijaya Bhaskara Reddy Indoor Stadium, Hyderabad on 12 May 2022.

[7][8][9] Jaipur Giants have been acquired by Bradshaw Capital, an American company led by former Montblanc USA CEO, Bill Brown.

[10][11] In June 2022 the league announced its first round of marquee player signings for some of the participating franchises.