The settlement established by the East India company were called
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On 22nd August 1639 Madras (now Chennai) was founded by the East India Company who bought it as a piece of land from the local Nayak rulers. . In ancient times, the city of Chennai was known as Madraspatnam and was located in Tondaimandalam, an area flanked by the Pennar River of Nellore and the Pennar river of Cuddalore on each side.
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