August 22, 1639 CE – The British East India Company Establishes a Second Trading Post in Madras

August 22, 1639 CE – The British East India Company Establishes a Second Trading Post in MadrasRate this post *Image Credit: Wikimedia Commons Already with a foothold in India and seeking to expand in order to compete with Portuguese rivals Estado da India, the British East India Company opened its second trading post on a strip of land purchased from the Nayak natives and named it Madras on August 22, 1639. Primarily a fishing village known as Madraspatnam up to that point, within a year Fort St. George established the area as one of the major British-held trading posts in the region, eventually giving rise to modern Chennai. Granted a […]