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 Damião de Góis, that during the trip five monuments were set in place. San Rafael, in the Bons Sinais river; São Jorge, in Mozambique; the Holy Spirit in Malindi; Santa Maria, in Ilhéus, and San Gabriel, in Calicut. These monuments were meant to affirm the Portuguese sovereignty in these places so that other explorers who arrived later did not take the land for themselves as discoveries. On May 17, 1498, the fleet reached Kappakadavu, near Calicut, in the current Indian state of Kerala, thus having established the route via the Indian Ocean and managing to open the sea route from