East India Company reminds us of the colonial British institution which, once set out to run business in India, ended up governing large parts the country. There was a time when the company was responsible for 50% of global trade. They raged wars, and employed a third of the British workforce. First time to control and regulates the affairs of EIC the British Parliament passed the Regulating Act in 1773 ( With this act British parliament started the centralization of power & this centralization of power is completed in Charter Act of 1813 ) Following the Indian Rebellion of 1857, the Government of India Act 1858 transferred all powers from the East India Company to the British Crown. The company was eventually dissolved in 1874.
Afer a very long time, the business has been relaunched by a Mumbai-born businessman, Sanjiv Mehta, who has turned the East India Company into a consumer brand focused on luxury food. He bought the company in 2005 from the “30 or 40” people who owned it, and is now selling rare teas, gourmet coffees, chocolates, jams, and other luxurious food gifts through his e-commerce website.
Sanjiv started the first East India Company store in London’s Mayfair neighborhood. Today the company has stores across UK, Middle East, Europe, Asia and Oceania and is running the e-commerce website successfully.
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