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The East India Company (EIC) [a] was an English, and later British, joint-stock company that was founded in 1600 and dissolved in 1874. [4] It was formed to trade in the Indian Ocean region, initially with the East Indies (South Asia and Southeast Asia), and later with East Asia.
The English East India Company ("the Company") was founded in 1600, as The Company of Merchants of London Trading into the East Indies.It gained a foothold in India with the establishment of a factory in Masulipatnam on the Eastern coast of India in 1611 and the grant of the rights to establish a factory in Surat in 1612 by the Mughal Emperor Jahangir.
The East India Company Act 1813 (53 Geo. 3.c. 155), also known as the Charter Act 1813, was an Act of the Parliament of the United Kingdom that renewed the charter issued to the British East India Company, and continued the Company's rule in India.
The company was important to the British Empire because it was a monopoly trading company in India and the east, and many influential people were shareholders. The EIC paid £40,000 (equivalent to £46.1 million in 2015) annually to the government to maintain its monopoly but had been unable to meet its commitments since 1768 because of the ...
Bantam Presidency was a presidency established by the British East India Company and based at the Company factory at Bantam in Java.Founded in 1617, the Presidency exercised its authority over all the Company factories in India, including the agencies of Madras, Masulipatnam and Surat.
The East India Company, which was incorporated on 31 December 1600, established trade relations with Indian rulers in Masulipatam on the east coast in 1611 and Surat on the west coast in 1612. [13] The company rented a small trading outpost in Madras in 1639. [ 13 ]
A view of Calcutta from Fort William (1807) Plan (top-view) of Fort William, c. 1844 There are two Fort Williams. The original fort was built in the year 1696 by the British East India Company under the orders of Sir John Goldsborough which took a decade to complete.
The Economy of India under Company rule describes the economy of those regions that fell under Company rule in India during the years 1757 to 1858. The British East India Company began ruling parts of the Indian subcontinent beginning with the Battle of Plassey, which led to the conquest of Bengal Subah and the founding of the Bengal Presidency, before the Company expanded across most of the ...