Briefly explain about the operations of the East India Company

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The East India Company was founded by British merchants in 1600 to
monopolize trade with India, and it made enormous profits selling Indian products, such
as silk and cotton textiles, to Europe as well as (in the nineteenth century) selling Indian
opium to China. The company had always protected its major trading stations at Surat,
Bombay, and Madras with forts and detachments of British and local troops, permitted
by treaties with the Mughals and local rulers. But the company found itself increasingly
forced to enlarge its armies and ambitions in the mid-eighteenth century in order to
defend its commercial interests from the French and from various Indian states in the
unstable environment that followed the decline of the Mughal Empire. The company's
conquest in 1757 of one of the largest and richest of the Mughal successor states,
Bengal, established it as the major military power in India.