Which trading company became the master of India?
The East India Company developed beyond a purely commercial enterprise when war between Britain and France spread to India in the mid-1740s. The Company established military supremacy over rival European trading companies and local rulers, culminating in 1757 in the seizure of control of the province of Bengal. In 1765, the Mughal Emperor granted the Company the diwani (the right to harvest the revenues of Bengal, Bihar and Orissa), which provided funds to bolster the Company’s military presence in the sub-continent. Further territorial acquisitions in India during the late eighteenth and early nineteenth centuries cemented the change in the Company’s role from mere trader to a hybrid sovereign power.