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East India Trading 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 1668–1954

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" (or Maritime Southeast Asia in present-day terms) 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. Initially the government owned no shares and had only indirect control.

During its first century of operation the focus of the company was trade, not the building of an empire in India. Company interests turned from trade to territory during the 18th century as the Mughal Empire declined in power and the East India Company struggled with its French counterpart, the French East India Company (Compagnie française des Indes orientales) during the Carnatic Wars of the 1740s and 1750s. The Battle of Plassey and Battle of Buxar, which saw the British, led by Robert Clive, defeat the Indian powers, left the company in control of Bengal and a major military and political power in India. In the following decades it gradually increased the extent of the territories under its control, ruling either directly or indirectly via local puppet rulers under the threat of force by its Presidency armies, much of which were composed of native Indian sepoys.


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