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Machhindra FC was established in 1973. For sponsorship reasons, it was named Machhindra Bahal Club in 2004, and Machhindra Energizer FC in 2006. The club was promoted to Nepal's top football division in 2004. The team was one of the first teams in Nepal to appoint a foreign coach, the Swede Johan Kalin, in 2013, claiming that he was the highest qualified coach in Nepalese football history. He led the team to a second-place finish in the league, and was praised for his tactics.
The beginning of the 2020s represented the club's most successful time with two consecutive league championships.
Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply. Players may hold more than one non-FIFA nationality.
Kafle, Santosh (12 April 2021). "Punjab beat Machhindra, enter semis". thehimalayantimes.com. Biratnagar: The Himalayan Times. Archived from the original on 12 April 2021. Retrieved 7 February 2023.