Faridkot was the capital town of the erstwhile princely State of Faridkot. The city is named after the famous Muslim spiritual poet Baba Farid. Baba Farid, whose work has found a prominent place in the holy Guru Granth Sahib, was employed as a laborer when he first came to this place. But on seeing a divine revelation, Sheikh Farid was allowed to depart. The basket given to him to carry earth, was seen floating without any support.
In his honor the town was renamed as Faridkot. The town now has a tomb of baba Farid called 'Chila Baba Farid'.
Faridkot has many fine structures, the most important being the former Secretariat building now housing the District Courts, Guest House, Clock Tower, Darbar Ganj and the stadium. The town also houses former ruler's palace and a fort.
The town of Faridkot also figures prominently in the struggle for Indian independence
Situated at a distance of 30 km from Faridkot, is a center of an annual fair which celebrates the victory that the Akali volunteers had won over the British in 1923 against government interference in Akhand Path. The peaceful agitation was a turning point India's freedom struggle. Pandit Nehru had courted arrest here.