This is not a minor company - on August 15, the historic East India Company is coming back to the market again and the special thing is that it has been purchased by Sanjeev Mehta of Indian origin living in London. There are also plans to bring it to India next year.
It is the same East India that once ruled India during the British rule in the 18th and 19th centuries and occupied about 50% of the business in the world.
Born, raised and raised in Mumbai and now living in London, Sanjeev Mehta is the owner of this company. How did Sanjeev Mehta decide to buy and bring this lost company to the market?
Sanjeev Mehta explains, "The East India Company was completely taken over by the British Empire in 1874. Some 30-40 people in London in the eighties felt that the East India Company was a very powerful brand. They bought it. Took it and started the business again. He also invested a lot of money. But I saw that he had no emotional relationship with the company. None of the owners were Hindustani. But being from India, I value this company and its emotional importance. It was understandable. I decided to buy the company. I contacted him a few years ago and bought the entire company from him in the last six years. "
Sanjeev says that even according to the business, it is a profitable deal because it does not require publicity or marketing.
Until Clive's victory at Plassey, the Presidency controlled by the towns of Calcutta, Madras and Bombay, comprised of the East India Company territories in India, was made up of mostly autonomous and in many ways unbearable city councils, merchants. [10] He had sufficient authority for effective management of local affairs and the ensuing lack of oversight of the company's operations in India led to some serious abuses by company officers or his associates. [10] Clive's victory and the affluence of Bengal's prosperous region , The award was brought to the public spotlight in the UK by India. [10] The company's methods of managing money began to be questioned, especially when some company employees started posting net losses, when "Nabob", the big Returned to Britain with luck, according to rumors that had been acquired with corruption. [11] By 1772, the company needed a loan from the British government to retain popularity and there was a fear in London that the company's corruption would soon take place. Only British business and public life can permeate. [12] The rights and duties of the Tish government, new areas of the company also began to be investigated. [13] The British Parliament conducted a number of investigations and in 1773 enacted the Regulation Act, enacted during the Prime Minister of Lad North, which established rules, Its long title in India, as well as in Europe, asked for better management of the affairs of the East India Company.
Name - Supragya Kumar
Author & Blogger
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