Bombay Shipping and Iron Shipping Companies
Bombay Shipping and Iron Shipping Companies was established in 1863 to make merchants in Mumbai, India (also known as Bombay) independent of the English.
The company was created at a time when the cotton trade was undergoing such a turbulent time, therefore businessmen were looking to banking and stockbroking as a way to make their fortune. The shipping firm was thus bought up by shareholders, and the shares of the company increased in value by 200%.[1]
References
- Mackenzie Maclean, James (30 September 2011). Guide To Bombay: Historical, Statistical, and Descriptive. Nabu Press. p. 112. ISBN 1247119831.
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