The Group for Elliptic Curve Cryptography doesn't actually seem to have an identity element. You have just randomly defined an element at Infinity as an identity element and said that any other element when added to that element is the same element.
Let us say I have a set & an operator which satisfies all other properties of a group except for the identity element property. Can I convert into a group by creating my own definition of a new element & say it that it is an identity element.
Doesn't this make the whole definition of a Group & the properties it must satisfy meaningless? I could just create my own definitions & create my own imaginary definitions just so it satisfies the property which it otherwise doesn't.
Well, it depends whether you define the elliptic curve over the affine or projective space.
In the projective plane, the group has the point at infinity, usually written $O=(0:1:0)$, as unit element. All other points of the curve lie in the affine plane given by points of the form $(1:a:b)$, where $a,b$ are elements of the underlying field.
If you define the elliptic curve over the affine space in the first place, there is no point at infinity which amounts to the unit elements.
Then the theory is like that of a semigroup which can always be extended to a monoid by adding a unit element. Just an extension that always works and brings not much more insight.