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East India Company

East India Company (EIC)
Industry International trade
Fate Dissolved
Founded 31 December 1600
Founders John Watts, George White
Defunct 1 June 1874 (1874-06-01)
Headquarters London, England
Colonial India
British Indian Empire
Imperial entities of India
Dutch India 1605–1825
Danish India 1620–1869
French India 1769–1954

Portuguese India
(1505–1961)
Casa da Índia 1434–1833
Portuguese East India Company 1628–1633

British India
(1612–1947)
East India Company 1612–1757
Company rule in India 1757–1858
British Raj 1858–1947
British rule in Burma 1824–1948
Princely states 1721–1949
Partition of India
1947


The East India Company (EIC), also known as the Honourable East India Company (HEIC) or the British East India Company and informally as John Company, was an English and later British , which was formed to pursue trade with the East Indies but ended up trading mainly with the Indian subcontinent and Qing China.

Originally chartered as the "Governor and Company of Merchants of London trading into the East Indies", the company rose to account for half of the world's trade, particularly in basic commodities including cotton, silk, indigo dye, salt, saltpetre, tea and opium. The company also ruled the beginnings of the British Empire in India.

The company received a Royal Charter from Queen Elizabeth I on 31 December 1600, making it the oldest among several similarly formed European . Wealthy merchants and owned the Company's shares. The government owned no shares and had only indirect control.

The company eventually came to rule large areas of India with its own private armies, exercising military power and assuming administrative functions.Company rule in India effectively began in 1757 after the Battle of Plassey and lasted until 1858 when, following the Indian Rebellion of 1857, the Government of India Act 1858 led to the British Crown assuming direct control of India in the form of the new British Raj.

Despite frequent government intervention, the company had recurring problems with its finances. It was dissolved in 1874 as a result of the passed one year earlier, as the Government of India Act had by then rendered it vestigial, powerless, and obsolete. The official government machinery of British India had assumed its governmental functions and absorbed its armies.


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