- Culture
- Explainer
How the East India Company became the world’s most powerful business
The trading firm took command of an entire subcontinent and left behind a legacy that still impacts modern life.
Think Google or Apple are powerful? Then you’ve never heard of the East India Company, a profit-making enterprise so mighty, it once ruled nearly all of the Indian subcontinent. Between 1600 and 1874, it built the most powerful corporation the world had ever known, complete with its own army, its own territory, and a near-total hold on trade of a product now seen as quintessentially British: Tea.
At the dawn of the 17th century, the Indian subcontinent was known as the “East Indies,” and—as home to spices, fabrics, and luxury goods prized by wealthy Europeans—was seen as a land of seemingly endless potential. Due to their seafaring prowess, Spain and Portugal held a monopoly on trade in the Far East. But