<Ul> <Li> </Li> <Li> </Li> <Li> </Li> </Ul> <P> Company rule in India (sometimes, Company Raj, "raj", lit . "rule" in Hindi) refers to the rule or dominion of the British East India Company over parts of the Indian subcontinent . This is variously taken to have commenced in 1757, after the Battle of Plassey, when the Nawab of Bengal Sirajuddaulah surrendered his dominions to the Company, in 1765, when the Company was granted the diwani, or the right to collect revenue, in Bengal and Bihar, or in 1773, when the Company established a capital in Calcutta, appointed its first Governor - General, Warren Hastings, and became directly involved in governance . </P> <P> The East India Company was a private company owned by stockholders and reporting to a board of directors in London . Originally formed as a monopoly on trade, it increasingly took on governmental powers with its own army and judiciary . It seldom turned a profit, as employees diverted funds into their own pockets . The British government had little control, and there was increasing anger at the corruption and irresponsibility of Company officials or "nabobs" who made vast fortunes in a few years . Pitt's India Act of 1784 gave the British government effective control of the private company for the first time . The new policies were designed for an elite civil service career that minimized temptations for corruption . Increasingly Company officials lived in separate compounds according to British standards . The Company's rule lasted until 1858, when, after the Indian rebellion of 1857, it was abolished . With the Government of India Act 1858, the British government assumed the task of directly administering India in the new British Raj . </P> <P> The English East India Company ("the Company") was founded in 1600, as The Company of Merchants of London Trading into the East Indies . It gained a foothold in India with the establishment of a factory in Masulipatnam on the Eastern coast of India in 1611 and the grant of the rights to establish a factory in Surat in 1612 by the Mughal emperor Jahangir . In 1640, after receiving similar permission from the Vijayanagara ruler farther south, a second factory was established in Madras on the southeastern coast . Bombay island, not far from Surat, a former Portuguese outpost gifted to England as dowry in the marriage of Catherine of Braganza to Charles II, was leased by the Company in 1668 . Two decades later, the Company established a presence on the eastern coast as well; far up that coast, in the Ganges river delta, a factory was set up in Calcutta . Since, during this time other companies--established by the Portuguese, Dutch, French, and Danish--were similarly expanding in the region, the English Company's unremarkable beginnings on coastal India offered no clues to what would become a lengthy presence on the Indian subcontinent . </P>

When did the rule of east india company end in the subcontinent