The East India Company came to an end in 1874 due to various reasons.
- Loss of control: The East India Company had lost control over India due to various revolts and uprisings like the Indian Rebellion of 1857, which led to the British Crown taking over the administration of India in 1858 through the Government of India Act. This marked the beginning of the end for the East India Company.
- Financial troubles: The company faced financial difficulties as it was burdened with debts and corruption within its ranks. The British government had to bail out the company multiple times, leading to increased scrutiny and eventual dissolution.
- Charter Act of 1853: The Charter Act of 1853 limited the company's powers and increased government control over its activities. This Act was a precursor to the eventual demise of the East India Company.
- End of monopoly: The company's monopoly over trade with India was abolished in 1833, allowing other British traders to enter the Indian market. This competition further weakened the company's position.
- Government intervention: The British government gradually took over the functions of the East India Company, leading to its eventual dissolution in 1874. The company's territories in India were transferred to the British Crown, officially marking the end of the East India Company's rule in India.
In conclusion, a combination of factors such as loss of control, financial troubles, government intervention, and the end of its monopoly led to the East India Company's eventual demise in 1874.