Portuguese East India Company Portuguese East India Company The Portuguese East India Company ( or ) was a short-lived ill-fated attempt by Philip III of Portugal to create a national chartered company to look after interests in Portuguese India in the face on encroachment by the Dutch and English following the personal union of the Portuguese and Spanish Crowns. Portuguese trade with India had been a crown monopoly since the Portuguese captain Vasco da Gama opened the sea route to India in 1497-99. The monopoly had been managed by the Casa da Índia, the royal trading house founded around 1500. The Casa was responsible
Portuguese discovery of the sea route to India Constantinople by the Ottomans, the trade of Venice and Genoa reduced to a great degree. The advantage of the Portuguese to establish a sea route therefore virtually free of assault – however, covered in perils in the sea – showed itself rewarding and outlined a large income to the Crown in the future. Portugal directly linked the spice producing regions to their markets in Europe. Around the year 1481, João Afonso of Aveiro attempted to undertake an exploration of the kingdom of Benin, and gathered information about an almost legendary prince Ogané, whose kingdom was located far to the east