The club participated as Homenmen-FIMA FC based in Yerevan, in the first ever Armenian football competition after the split-up from the Soviet Union. After the regular competition they qualified for the championship stage where they finished in the ninth position. As a result, they have qualified for the highest level in the 1993 season. Despite of several name changes (the latest to become Erebuni FC in 1999) the club never relegated out of the Armenian Premier League. In 2000, they were dissolved for financial difficulties.
Erebuni FC was under the administration of the Homenmen pan-Armenian sports and Scouting organization.