Paes joined the TNC in a formal induction ceremony in Goa in the presence of West Bengal Chief Minister Mamata Banerjee.
"What they whiffed through, what they shared...their stories and their success, that's something that lasts forever," said Hingis, who has partnered both Paes and Bhupathi.
The web series 'Break Point' will also give a detailed account of the highly publicised split between the two tennis stars.
Paes said the upcoming non-fiction series "Break Point" will give fans an insight into his fractured but successful professional pairing with Bhupathi.
Nagal became only the third Indian to win a men's singles match at the Olympic Games.
Paes has won eight doubles and 10 mixed doubles Grand Slam title besides a bronze medal at the 1996 Atlanta Olympics.
In an exclusive interview with Malayala Manorama, the legendary player looks back at his journey with joy. He also talks about the farewell tour, future plans, and more.
Earlier this week, Swiss maestro Roger Federer had posted a video of himself volleying, while slamming the ball on the wall.
The veteran is contemplating extending his career by another year to bid for an eighth Olympic appearance.
India will now compete in World Group I in September to get back to the Davis Cup Qualifiers.