The channel is due to start broadcasting from October 2006, with the first international series either the seven-nation Afro-Asia Cup or the triangular One-day tournament between Sri Lanka, India and the West Indies.
The channel will be shown in other Asian nations including Malaysia, Indonesia, Sri Lanka, Bangladesh and possibly the Middle East, the company said in a statement on Tuesday.
Nimbus earlier this year secured the right to be the live coverage production company for Indian cricket until 2010, paying a record 612 million US dollars.
But it did not have its own platform to broadcast India's home series against England earlier this year. The matches were screened on another network but criticised for missing action because of advertising breaks.
Nimbus chairman Harish Thawani said Tuesday the company had always intended to launch their own channel for the cricket-obsessed South Asian nation.
"India is a slightly senseless country when it comes to cricket... but filling it up creatively is a challenge," he said, adding the channel would also include cricket-themed game and chat shows.
Nimbus will launch another two channels in 2007, one for sports entertainment and the other a sports results and news service.