when did the dutch east india company end
Dutch East India Company The United East India Company, sometimes known as the United East Indies Company (Dutch: Vereenigde Oostindische Compagnie; or Verenigde Oost-Indische Compagnie in modern spelling; abbreviated to VOC), better known to the English-speaking world as the Dutch East India Company or sometimes as the Dutch East Indies Company, was a multinational corporation that was founded in 1602 and became defunct in 1799. It was originally established as a chartered company to trade with India and Indianized Southeast Asian countries when the Dutch government granted it a 21-year monopoly on the Dutch spice trade. The VOC was an early multinational corporation in its modern sense. In the early 1600s, by widely issuing bonds and shares of stock to the general public,[note 5] the VOC became the world's first formally listed public company.[note 6] In other words, it was the first corporation to be ever actually listed on an official stock exchange.[note 7][6] The VOC was influential in the rise of corporate-led globalization in the early modern period. With its pioneering institutional innovations and powerful roles in world history, the company is considered by many to be the first major modern global corporation,[7][8] and at its height was the most valuable corporation ever.[9][10][11]
East India Company In the next two years, the company established its first factory in south India in the town of Machilipatnam on the Coromandel Coast of the Bay of Bengal. The high profits reported by the company after landing in India initially prompted King James I to grant subsidiary licences to other trading companies in England. But in 1609 he renewed the charter given to the company for an indefinite period, including a clause that specified that the charter would cease to be in force if the trade turned unprofitable for three consecutive years.