Football Club Pyunik was established in 1992 under the name of ”Homenetmen Yerevan.“ In 1995, Homenetmen Yerevan was renamed FC Pyunik (Armenian for “Phoenix”).
The new era of Pyunik began in 2001, when they absorbed the newly promoted club FC Armenicum and automatically gained position in the Armenian Premier League without playing a single game in the lower leagues. The new owner of the club Ruben Hayrapetyan, took serious approach to develop the team bringing star players from other Armenian clubs. Pyunik had significantly improved after the arrival of foreign players from Mali, Cameroon, Argentina and later from Romania. Thus, Pyunik won the Armenian Premier League title the same year and the Armenian Cup in 2002. Later, for the first time in independent Armenian club history an Armenian club advanced to the second round in the Champions League. Afterwards, the club won the Armenian Premier League title ten times in a row. In general, Pyunik has won a record 13 Armenian Championships, along with 7 Armenian Cup titles and 8 Armenian Supercups. The club is among the most popular Armenian football clubs.