EPISODE · Jun 1, 2026 · 7 MIN
The Company's Forgotten Banker: Jagat Seth and the Flow of Silver
from The East India Company: The Corporation That Conquered Nations — Fexingo History · host Fexingo
Before the East India Company could conquer Bengal, it needed a banker. This episode follows the rise and fall of the Jagat Seth family, the 'bankers of the Mughal Empire,' who controlled the flow of silver from Surat to Murshidabad. We explore how the Seths financed armies, minted currency, and backed the Nawabs of Bengal — until a fateful meeting in 1757 changed everything. Learn about the hundi system, the daccai rupee, and how Robert Clive's promise of a 5% commission turned the richest family in India into a footnote of history. A story of trust, betrayal, and the quiet power of credit in the age of empire. #EastIndiaCompany #JagatSeth #MughalEmpire #Bengal #Murshidabad #RobertClive #Plassey #Hundi #Currency #Silver #Banking #18thCentury #India #ColonialHistory #EconomicHistory #NawabOfBengal #History #FexingoHistory Keep every episode free: buymeacoffee.com/fexingo
What this episode covers
Before the East India Company could conquer Bengal, it needed a banker. This episode follows the rise and fall of the Jagat Seth family, the 'bankers of the Mughal Empire,' who controlled the flow of silver from Surat to Murshidabad. We explore how the Seths financed armies, minted currency, and backed the Nawabs of Bengal — until a fateful meeting in 1757 changed everything. Learn about the hundi system, the daccai rupee, and how Robert Clive's promise of a 5% commission turned the richest family in India into a footnote of history. A story of trust, betrayal, and the quiet power of credit in the age of empire. #EastIndiaCompany #JagatSeth #MughalEmpire #Bengal #Murshidabad #RobertClive #Plassey #Hundi #Currency #Silver #Banking #18thCentury #India #ColonialHistory #EconomicHistory #NawabOfBengal #History #FexingoHistory Keep every episode free: buymeacoffee.com/fexingo
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The Company's Forgotten Banker: Jagat Seth and the Flow of Silver
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