The British East India Company (BEIC) emerged in 1600 and dissolved in 1874. It played a key role in expanding the British Empire in India by establishing trading posts and gaining political power through battles like the 1757 Battle of Plassey. The BEIC acted as a state within a state in India, with its own army and administration. However, losses from wars, debts, and resentment from the 1857 Indian Rebellion led to its demise and the British government taking direct control of India. The BEIC represented an early form of joint-stock company and helped establish the model for modern corporations.