'East India Company' which once owned India now owned by an Indian; find out how

Guwahati: The East India Company's name has been synonymous with the colonial exploitation of South Asia, including the Indian subcontinent, since the sixteenth century. On September 8, in one of the incredible ironies of history, it is now possessed by an Indian.

Established in London in 1600 to trade spices, the East India Company was approved by its charter to wage war. Throughout the following 250 years, it ruled the Indian subcontinent and used brute military power to overcome huge lumps of the Mughal Empire. The company was disbanded in 1857.

In 2005, Indian entrepreneur Sanjiv Mehta procured the company name and transmuted it into a customer brand focused on luxury teas, coffees, and food.

Sanjiv Mehta, who opened his first store in 2010 in London said that "a company which once owned India is now owned by an Indian a feeling of the empire striking back".

At the point when he discovered that the company's shares were up for sale, Mehta said he had to own them "no matter the cost".

On September 8, Sanjiv Mehta has earned the permit to trade under the cost of arms and seal of the notable company. He additionally has the options to mint coins, including a Mohur gold coin that was last minted in 1918 in British India.

As an Indian acquainted with the historical backdrop of the company's forceful trade policies and misuse of the Indian subcontinent, purchasing the shares meant emotional closure for Mehta, he told at the East India Company store, its racks now lined with teas and coffees from India, China, Africa and wherever in between.

Mehta also said that "This avatar of the East India Company is based on the idea of unity in diversity".

In 1600, Queen Elizabeth I allowed more than 200 English traders the right to trade in the East Indies to go up against Dutch merchants.

A large portion of its forces was based in three primary stations in India: Madras, Bombay, and Calcutta.

In 1857, Indian soldiers rebelled against the British, and the company's territorial and financial control was moved to the British government. By 1874, the East India Company had broken down.

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