Seths Underwrote The Company Raj

We still talk about the British conquering India, but that phrase disguises a more sinister reality. For it was not the British government that began seizing chunks of India in the mid-18th century, but a dangerously unregulated private company. The East India Company was headquartered in one small office, five windows wide, in London, and managed in India by a violent, ruthless and intermittently mentally unstable corporate predator—Robert Clive. India’s transition to colonialism, in other words, took place under a for-profit corporation, which existed entirely for the purpose of enriching its investors.

I have spent the last six years since 2013 res­earching this phenomenon, and the result, The Anarchy: the East India Company, Corporate Violence and the Plunder of an Empire has just been published by Bloomsbury. The book does not aim to provide a complete history of the East India Company, still less an economic analysis of its business operations. Instead it is an attempt to answer this central question of how on earth a single business operation, based in one London office complex, managed to rep­lace the mighty Mughal and Maratha Empires as masters of the vast subcontinent between the years 1756 and 1803.