East India Company, that once looted India for 200 years, is now owned by an Indian; his name is…, business is...
On December 31, 1600 AD, the East India Company was established as a trading company in England under a special charter from the British Crown, which gave it extraordinary powers and privileges to establish the crown's dominance in other parts of the world, especially in India and East Asia.
At first, the East India Company traded with Indian kings and rulers. Over time, it utilized military and political power to consolidate land. Eventually, the Battle of Plassey occurred on June 23, 1757, which led the British to control Bengal. This battle started the Company rule of all of India.
As an odd twist of fate, the East India Company – once a ruler of India for nearly 200 years – is now owned by an Indian. Sanjiv Mehta, as British businessman originally born in India, sits at the helm of the company. The East India Company has transformed itself into a luxury goods, gift hampers, luxury tea, coffee and food, premium drinks and homeware retailer.
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