After 200 years of dominance over India, where is the East India Company now

The British used the East India corporation to extend their power across Asia; it was more than simply a commercial corporation. It was backed by the British government and had a strong army. The firm ravaged India from 1757 and 1858 by trading opium, tea, spices, and textiles.

The East India Company was founded on December 31, 1600, when Queen Elizabeth I gave it permission to do business in India. People invested money in it and split the earnings as it functioned as a distinct business. Under the Earl of Cumberland’s direction, 215 merchants and investors ran the business.

The professional army was substantially invested in by the East India Company. It had 6,680 troops in Bengal alone in 1763; by 1823, that number had increased to 1,29,473. At first, recruits from a variety of backgrounds were used to create the army and the officer corps; but, after revisions in 1785, officers must only be Englishmen. There were many more troops in the firm than there were ordinary workers. About 3,500 Indian workers were employed by the enterprise in 1830.

The East India Company traded in a variety of commodities in addition to commerce, including as Chinese porcelain, silk, indigo, coffee, silver, wool, and saltpeter, which is used to make gunpowder. The company’s ships, which carried these products all over the globe, had between thirty and thirty-six cannons, making them highly armed. The British Navy’s supremacy in the Indian Ocean was advantageous to the corporation.

Nearly 300 years after its establishment, the British Parliament liquidated the British East India Company in 1874. In 1858, the business joined the British Empire and its Indian holdings were nationalized by the British Crown. The corporation was officially liquidated by the East India Stock Dividend Redemption Act of 1873, rendering it ineffective and outdated. With the company’s collapse, the British Raj—direct British imperial control over India—began.