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
British Raj India) and the Dominion of Pakistan (later the Islamic Republic of Pakistan, the eastern part of which, still later, became the People's Republic of Bangladesh). At the inception of the Raj in 1858, Lower Burma was already a part of British India; Upper Burma was added in 1886, and the resulting union, Burma, was administered as an autonomous province until 1937, when it became a separate British colony, gaining its own independence in 1948. The British Raj extended over almost all present-day India, Pakistan, and Bangladesh, except for small holdings by other European nations such as Goa and Pondicherry. This