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
Company rule in India Governor-General, Warren Hastings, and became directly involved in governance. By 1818, with the defeat of the Marathas, followed by the pensioning of the Peshwa and the annexation of his territories, British supremacy in India was complete. The East India Company was a private company owned by stockholders and reporting to a board of directors in London. Originally formed as a monopoly on trade, it increasingly took on governmental powers with its own army and judiciary. It seldom turned a profit, as employees diverted funds into their own pockets. The British government had little control, and there was increasing anger at