Who set up six joint-stock companies in Bengal in the 1830s and 1840s?

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An Intiative by Sri Chaitanya

Dwarkanath Tagore

JN Tata

Jamsetjee Jeejeebhoy

R D Tata

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Detailed Solution

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 was a contemporary Bengali Brahmin and a well-known social figure in Kolkata. He pioneered the establishment of several economic ventures in collaboration with British traders, including banking, insurance, and shipping. Before becoming an industrial investor, Dwarkanath built a fortune in the Chinese trade. In the 1830s and 1840s, he founded six joint-stock firms.

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