<P> The Danish East India Company (Danish: Østindisk Kompagni) refers to two separate Danish chartered companies . The first company operated between 1616 and 1650 . The second company existed between 1670 and 1729, however, in 1730 it was re-founded as the Asiatic Company (Danish: Asiatisk Kompagni). </P> <P> The first Danish East India Company was chartered in 1616 under King Christian IV and focused on trade with India . The first expedition, under Admiral Gjedde, took two years to reach Ceylon, in the process losing more than half its personnel . The island had been claimed by Portugal by the time they arrived, but on 10 May 1620 a treaty was concluded with the Kingdom of Kandy and the foundation laid of a settlement at Trincomalee on the island's east coast . They occupied the colossal Koneswaram temple in May 1620 to begin fortification of the peninsula before being expelled by the Portuguese . After landing on the Indian mainland, a treaty was concluded with the ruler of the Tanjore Kingdom, Raghunatha Nayak, who gave the Danes possession of the town of Tranquebar, and permission to trade in the kingdom by treaty of 19 November 1620 . In Tranquebar they established Dansborg and installed Captain Crappe as the first governor (opperhoved) of Danish India . The treaty was renewed on 30 July 1621, and afterwards renewed and confirmed on the 10 May 1676, by Shivaji the founder of the Maratha Empire . </P> <P> During their heyday, the Danish East India Company and Swedish East India Company imported more tea than the British East India Company, smuggling 90% of it into England, where it could be sold at a huge profit . Between 1624 - 36, Danish trade extended to Surat, Bengal, Java, and Borneo, with factories in Masulipatam, Surat, Balasore, and Java . However, subsequent European wars in which Denmark participated ruined the Company, and trade in India ceased entirely between 1643--69, during which time all previous acquisitions were lost except Tranquebar, which held out until aid from Denmark arrived in 1669 . </P>

Where did the first trade center of danish company was established