[16] After winning 4–0 against Rajasthan United on 4 March 2023, the club ensued their I-League title, gaining promotion to the Indian Super League for the first time.

[24][25][26][27][28] Punjab began their 2023–24 season campaign on 23 September, in a 3–1 away defeat to Mohun Bagan, in which Luka Majcen scored club's first ever ISL goal.

[29][30][31] They secured first league point on 6 October, in an 1–1 tie with NorthEast United, in their first home match at the Jawaharlal Nehru Stadium in Delhi.

[32][33] On 19 December, French playmaker Madih Talal scored a goal, gave Punjab their historic first match win in the Super League as they defeated Chennaiyin by 1–0 at home.

[36][37] The club registered their biggest win on 10 April defeating East Bengal 4–1, ended the league campaign with 24 points in 22 matches.

[38][39] Punjab FC's home kit primarily features a vibrant orange base, often paired with black or white accents.

In September 2023, Punjab FC officially confirmed Jawaharlal Nehru Stadium in Delhi as their home venue for the 2023–24 Indian Super League.

[74] Managed by coach Sankarlal Chakraborty, the club clinched 2024 Reliance Foundation Development League title defeating East Bengal in final, and qualified for the PL Next Gen Cup.