Premier Badminton League is a franchise league; Sportz & Live Private Limited (Sportzlive) has the rights to operate and execute the Premier Badminton League. It was named Indian Badminton League (IBL) when founded in 2013 then later rechristened to Premier Badminton League before the start of 2nd season in 2016. The inaugural edition of the Indian Badminton League was held in India from 14 August 2013 to 31 August 2013.Hyderabad Hotshots won the inaugural IBL title at Mumbai on 31 August 2013. The second season of the league 2016 Premier Badminton League was held from 2 to 17 January 2016. Delhi Dashers (formerly Delhi Acers) defeated Mumbai Rockets in the final to clinch the title.
The third season began on 22 December 2016 and came to end on 14 January 2017 with the Chennai Smashers headed by P. V. Sindhu clinching the title in the finals.
The fourth season began on 23 December 2017 and came to end on 14 January 2018 with Hyderabad Hunters headed by Carolina Marin emerging as the champions.The fifth season began on 22 December 2018 and came to end on 13 January 2019 with Bengaluru Raptors emerging as the champions.
The first season auctions were scheduled on 30 June 2013 which were postponed to 19 July 2013 and again postponed to 22 July 2013. The 2013 auctions were held in Delhi and were conducted by International Auctioneer Bob Hayton. The highest paid players were the Malaysian Lee Chong Wei, sold for $135,000 to Mumbai Masters and Indian Saina Nehwal who went to Hyderabad Hotshots for $120,000. The auction itself was not short of controversy. The base price of Indian marquee players, Jwala Gutta and Ashwini Ponnappa were halved from USD 50,000 to USD 25,000, without the players' notice.
 Chinese players did not take part in the 2013 tournament.