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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 United East India Company was the brainchild of Johan van Oldenbarnevelt, the leading statesman of the Dutch Republic. Amsterdam VOC headquarters. The United East India Company (Dutch: Vereenigde Oostindische Compagnie [vərˈeːnɪɣdə oːstˈɪndisə kɔmpɑˈɲi]; abbr. VOC [veː(j)oːˈseː]), commonly known as the Dutch East India Company, was a chartered trading company and one of ...
The presidency was established with the founding of an East India Company factory in the western Indian port city of Surat and was terminated when the presidency's seat was moved to Bombay. At its height, the Presidency included all factories on the west coast of India, including Ahmadabad, Balasore (1655–84), Bombay (1665–87), Hooghly ...
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]
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 ...
In the 1620s, the Dutch East India Company established a gunpowder factory in Pulicat. Its output was so substantial that for several decades it was able to keep many of the major Dutch trading centers in the East Indies and homeward-bound fleets well supplied. [12]
View of the Island and the City of Batavia Belonging to the Dutch, for the India Company. In 1603, the first permanent Dutch trading post in Indonesia was established in Banten, northwest Java, [7] and in 1611, another was established at Jayakarta (later renamed 'Batavia' and then 'Jakarta').