The name Pune comes from the Sanskrit word - "". It means "city of virtue". Pune is known for its educational facilities, having more than hundred educational institutes and nine universities. Pune has well-established glass, sugar and metal forging industries since the 1950s. Pune is also known as the "Oxford of the East." Pune was once the centre of power for the Maratha Empire. It is known to have existed as a town since 847 AD. Pune was the first capital of Shivaji Maharaj.