The correct option is A Peshwa Madhavrao
Ranoji Rao Shinde was the Sardar in Chattrapati Shahu Maharaj's service from 1720 to 1745. After his death, his sons rose to power. Jayappa, Dattaji and Mahadaji Shinde followed his footsteps and contributed to the expansion. Since there can only be one ruler, Peshwa Madhavrao picked Mahadaji Shinde to rule the region of Gwalior.