Indian man re-launches East India Company
London—An Indian entrepreneur is relaunching the East India Company with the opening of a store in London Saturday, after buying the remnants of the British trading giant that once ruled much of the subcontinent.
The company took control of large swathes of the region during the 1700s as it expanded rapidly on the back of its trading activities, before power over India was formally handed to London in the 19th century.
But the firm, which had grown so huge it boasted its own currency and army, was dissolved in 1874. A tiny rump of the company lived on, however, consisting of its trading name and a small tea and coffee concern.Read More »Indian man re-launches East India Company