Once the whole country was under their rule. Gradually ‘merchant’s standard appeared as a sceptre’. The East India Company was closed soon after. That was 152 years ago. But in 2010, the company was bought by a British businessman of Indian origin. However, he could not take the organization forward for a long time. The East India Company went bankrupt. Jumping stick finally fell. This is a wonderful joke of history.
It is known that after the Great Rebellion of 1857, the East India Company decided to leave the rule of India. Instead the Queen of Britain became the Empress. In 1874, the East India Company was officially closed. But in 2010, the organization was reborn by an Indian. He is Sanjeev Mehta. At that time, this issue was seen as India’s ‘revolution’ over colonial Britain. The responsibility of the organization came to the hands of the Indians who were once their subordinates.
The company named East India Company Limited had a 2 thousand square feet luxury store in Mayfair. High quality tea, chocolate, sweets, spices and other items were available there. But within a decade and a half, the condition of the organization became dire. It was recently seen that their website is down. The showroom at 97 New Bond Road Street has become vacant. Another company of the same name was also insolvent. The debt of another company of them was 6.3 crore rupees, the debt of the British Virgin Islands is 2.03 crore rupees, the salary of the workers is 1.71 crore rupees! As a result, East India had to close this time. Once overflowing with riches, the company of the same name has closed down due to bankruptcy.
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