ABSTRACT

The ‘Company of Merchants of London Trading into The East Indies’ was granted a royal charter by Queen Elizabeth I in 1600, and established with 125 shareholders and £72,000 of capital. Known as the British East India Company, it is best associated with its rule of British India from 1757, when it was first granted the rights to collect revenues in two major provinces, until the establishment of direct British administration of India after 1858.