Shirak's youth academy has also produced successful players, including Artur Petrosyan and Harutyun Vardanyan.

1992 was the first Armenian Premier League season played in history, which ended with Shirak and Pyunik tied at the top with 37 points each.

After finishing second in the 1993 league season, Shirak qualified to the Armenian Cup final for the first time, yet failed to claim the title after losing 3–1 to Ararat.

[6] The next four seasons were not successful for the club, however Shirak managed to claim the league title again in 1999, with striker Arayik Adamyan scoring 16 goals.

As of 2019, Shirak has reached an agreement with Swiss sportswear company Fourteen to provide all match and training apparel.

The club's current badge design was inspired by Gyumri's seal, with the main feature being the lion and cross which were present on the flag of the Bagratuni dynasty, which ruled Bagratid Armenia during the Middle Ages.

[9] Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply.

Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply.

Artur Petrosyan is the most prominent academy product, having a successful career in Armenia and European football.