What did happen to indian industries on the east indian company lost?
Answers
The East India Company (EIC), also known as the Honourable East India Company (HEIC), East India Trading Company (EITC), the English East India Company or (after 1707) the British East India Company, and informally known as John Company,[1] Company Bahadur,[2] or simply The Company was an English, and later British, joint-stock company founded in 1600.[3] It was formed to trade in the Indian Ocean region, initially with the East Indies (the Indian subcontinent and Southeast Asia), and later with Qing China. The company seized control of large parts of the Indian subcontinent, colonised parts of Southeast Asia and Hong Kong after the First Opium War, and maintained trading posts and colonies in the Persian Gulf Residencies.[4]
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Answer:
By mentioning the year 1947, I believe you are referring to the English East India Company. It should be noted that the French, Dutch, and Portuguese all had their own East India Companies.
The English East India Company, easily one of the most evil corporations and forerunner to today's rapidly expanding corporations, ceased to exist in 1874. So it didn't exist in 1947, which is why discussing what happened to it after 1947 is risky.
The English East India Company, founded on December 31, 1600, began trading with Mughal India and settled in places such as Madras and Calcutta. They built forts in these locations, as well as the city of Bombay.
Under Robert Clive's leadership, the company expanded aggressively, eventually annexing Kingdom after Kingdom and imposing tyranny on the natives while looting all of the land's wealth. They also excluded the French, Dutch, and Portuguese from trade with the Indian subcontinent.
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