[[1]] set up six joint-stock companies in Bengal in the 1830s and 1840s.

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Dwarkanath Tagore set up six joint-stock companies in Bengal in the 1830s and 1840s. The British in India started shipping opium and importing tea from China in the late 18th century. This transaction involved a lot of Indian merchants. Dwarkanath Tagore, Dinshaw Petit, Jamsetjee Nusserwanjee Tata, Shiv Narayan Birla (grandfather of GD Birla), Seth Hukumchand, and others were notable 19th-century industrialists. Dwarkanath Tagore was a contemporary Bengali Brahmin and a well-known social figure in Kolkata who pioneered the establishment of several economic ventures in collaboration with British traders, including banking, insurance, and shipping. Before investing in these sectors, Tagore amassed a fortune in Chinese commerce.

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