Anglo-Maratha Wars
In 1608, Mughal authorities allowed the English East India Company to establish a small trading settlement at Surat (now in the state of Gujarat), and this became the company's first headquarters town. It was followed in 1611 by a permanent factory at Machilipatnam on the Coromandel Coast, and in 1612 the company joined other already established European trading companies in Bengal in trade. However, the power of the Mughal Empire declined from 1707, first at the hands of the Marathas and later due to invasion from Persia (1739) and Afghanistan (1761); after the East India Company's victories at the Battle of Plassey (1757) and Battle of Buxar (1764)—both within the Bengal Presidency established in 1765—and the abolition of local rule (Nizamat) in Bengal in 1793, the Company gradually began to formally expand its territories across India. By the mid-19th century, and after the three Anglo-Maratha Wars the East India Company had become the paramount political and military power in south Asia, its territory held in trust for the British Crown.