History of Bombay in independent India The city was, first and foremost, built and developed by an Britishers Then Migrants From Gujarat Came For industrial and commercial bourgeoisie consisting of Parsis, Gujarati Hindus, Muslims communities earning their wealth on the extensive Arabian trade. The expanding labour force in Bombay was initially drawn from the coastal belt of Konkan, south of the city. Until the 1940s, Marathi speakers from these areas accounted for 68% of the city's population, and held mostly jobs. After India's independence from British rule on 15 August 1947, the territory of Bombay Presidency retained by India after the partition was restructured into Bombay
Colonial India Olson concludes that the East India Company's attempt to annexe and expand its direct control of India, by arbitrary laws such as Doctrine of Lapse, combined with employment discrimination against Indians, contributed to the 1857 Rebellion. The East India Company officers lived like princes, the company finances were in shambles, and the company's effectiveness in India was examined by the British crown after 1858. As a result, the East India Company lost its powers of government and British India formally came under direct British rule, with an appointed Governor-General of India. The East India Company was dissolved the following year