Economic Offences Wing started functioning as a part of Crime Branch since 1994 from Qutub Institutional Area / PTS Malviya Nagar. The need for creating an independent EOW Unit arose because of the sudden spurt in white collar crimes perpetrated by highly committed criminals involving interstate/international ramifications. Involvement of skilled professionals and organized racketeers and the use of advanced technologies in committing white collar crimes required similar degree of skill and professionalism among investigators. EOW was carved out as an independent specialized Unit from the Crime Branch in the year 2014.

A separate Police Station for EOW was established and notified with the jurisdiction over whole of National Capital Territory of Delhi in year 2007.

Since 2012, EOW has started functioning from PS Mandir Marg Complex in a new building with state of the art facilities.

Economic offences wing is a specialized Unit of the Police that exclusively investigates economic crimes involving large scale frauds invoking huge money with wide ramifications. The Economic Offences Wing takes up cases which deal with cases pertaining to financial and economic frauds, land and building rackets, multi-level marketing fraud, bank frauds, intellectual property rights and other kinds of economic offences. Investigation is carried out in complicated and intricate IPC offences, and other offences under various Central Acts. Investigation usually involves collection and scrutiny of voluminous documents from various agencies including banks, Central/State Government departments and private companies. Economic Offences Wing maintains close liaison with various government, semi government departments, Ministries of Finance, Commerce, Corporate Affairs, etc, RBI, FIU, CEIB, SEBI and other regulating institutions. The Economic Offences Wing takes up the cases involving an amount not less than Rs. 3 crore.