when was the east India company established in India? what were the causes for their establishment? UK TV
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Being motivated by the successful business stories of the Portuguese a group of English merchants -'Merchant Adventurers' formed a company- the East India Company in 1599 AD. The Company received a royal charter from Queen Elizabeth I on December 31, 1600 AD authorizing it to trade in the East.
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East India Company was formed by a group of English merchants on December 31, 1600. This company received a Charter (a written statement ) from Queen Elizabeth, giving it the exclusive right to trade with the east. It was established to eliminate all competition from other English trading bodies.
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