East India Company, also known as British India Company or English India Company, was found on December 31, 1600, mainly for the exploitation of trade with India and other parts of Asia. The company was founded by John Watts. The company became highly involved in politics, forcefully extending British authorities in India.
This company was very powerful, and it had a long time effect on India and other Asian nations. In 1623, the East India Company had opposition from the Dutch; this led to the execution of many Portuguese, English, and Japanese traders. The company lost its political control and commercial authority in the early 1800s, and the company ceased operations on June 1, 1874.