The BCCI was founded in December 1928. Its initial priorities were Test status (achieved in May 1929) and a national first-class competition. The discussions through 1929 focused on the structure: a four-zone format (West, North, East, South) on the model of the Bombay Quadrangular but on a regional rather than communal basis, with the leading provincial sides competing for a national trophy.
The Maharaja of Patiala, Bhupinder Singh, offered to fund the trophy, which would be named after K.S. Ranjitsinhji (recently deceased and India's most famous cricketer). The Maharaja of Vizianagram (Vizzy) supported the proposal. The competition was approved at the BCCI's annual meeting in 1934 and the inaugural Ranji Trophy played in 1934-35, with Bombay winning the first final by an innings against Northern India at Bombay.
The 1929 discussions established the framework — the regional zones, the patronage by the princely states, the trophy named after Ranji — that has structured Indian first-class cricket for nearly a century.