It was owned by the Mika Corporation LLC headed by the Russia-based Armenian businessman Mikhail Baghdasarov.

However, by the end of the 2015–16 Armenian Premier League season, the club announced its retirement from professional football due to financial as well as non-financial difficulties.

The club returned to professional football in 2022 with a new name and crest and started in the 2022–23 Armenian First League, finishing in 10th.

Mika participated several times in the UEFA Cup qualification matches.

Prior to its relocation from Ashtarak to Yerevan between 1999 and 2007, the Kasaghi Marzik Stadium was the home venue of the team.