Question

what condition led to the establishment of British East India company

Answer 1

I think you mean the British East India Company? There were also the Dutch, French and Portuguese East India Company too.

The most simple answer is that the trade of spice (nutmeg, pepper and cloves, in particular) was being monopolised by other European powers such as the Dutch and the Portuguese; Spain already had her Empire in Central and South America. The French were yet to gain a foothold in the trade.

The English, not wanting to be left out of the spice race, decided to do something about it. They sought royal permission from Elizabeth I and formed the Governor and Company of Merchants of London trading with the East Indies. They began trading with the East Indies (Malaysia and Indonesia), Japan and even China. It was this Company that later evolved into the Honourable East India Company or the British East India Company. The EIC had to compete with the powerful Dutch and initially resorted to piracy when their profits dwindled. Indian, Burmese and sometimes Dutch ships were plundered. But the Dutch EIC or the Vereenigde Oost-Indische Compagnie (VOC) were more than capable of kicking the British out of the East Indies.

Answer 2

$HEY - THERE$
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After the English commercial agent Sir Thomas roe received a 'farman' from Jahangir , the establishment of British east india company took place when the English set up their first factory in Surat in 1609 AD......
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Thanks dear frnd