Question

what were the major expenses of East India Company

Answer 1

The East India Company (EIC), also known as the Honourable East India Company (HEIC) or the British East India Company and informally as John Company,[1] was an English and later British joint-stock company,[2] formed to trade with the East Indies (in present-day terms, Maritime Southeast Asia), but ended up trading mainly with Qing China and seizing control of large parts of the Indian subcontinent.

East India Company (EIC)

Company flag (1801)



Coat of arms (1698)

Former type

PublicIndustryInternational tradeFateDissolved, after being mostly nationalised in 1858Founded31 December 1600FoundersJohn Watts, George WhiteDefunct1 June 1874HeadquartersLondon, England (Great Britain)Colonial India

Imperial entities of India

Dutch India1605–1825Danish India1620–1869French India1668–1954

Portuguese India
(1505–1961)

Casa da Índia1434–1833Portuguese East India Company1628–1633

British India
(1612–1947)

East India Company1612–1757Company rule in India1757–1858British Raj1858–1947British rule in Burma1824–1948Princely states1721–1949Partition of India

1947

v t e

Originally chartered as the "Governor and Company of Merchants of London trading into the East Indies", the company rose to account for half of the world's trade[3][dubious ], particularly in basic commodities including cotton, silk, indigo dye, salt, saltpe

Answer 2

the primary function of the east India Company was to buy spices cotton indigo and other raw materials and sell them at huge profits in the European market