Coins of British India Coins of British India British trading posts in India were first established by the East India Company (EIC) early in the seventeenth century, which quickly evolved into larger colonies covering a significant part of the subcontinent. Early settlements or factories included Masulipatnam (1611) and Madras (1640) in the south, Surat (1612) in the west, and modern-day Kolkata (1698–99) in the east. These colonies gave rise to Madras Presidency, Bombay Presidency, and Bengal Presidency, and each Presidency had a separate coinage and monetary system. In 1835, the EIC adopted a unified system of coinage throughout all British possessions in India and
Presidencies and provinces of British India India Company had become the paramount political and military power in south Asia, its territory held in trust for the British Crown. Company rule in Bengal from 1793, however, ended with the Government of India Act 1858 following the events of the Bengal Rebellion of 1857. From then known as British India, it was thereafter directly ruled by the British Crown as a colonial possession of the United Kingdom, and India was officially known after 1876 as the Indian Empire. India was divided into British India, regions that were directly administered by the British, with Acts established and passed in