Company type | Managing Agency |
---|---|
Industry | Indigo and opium trade, shipping, coal mining |
Founded | 1834 |
Headquarters | Calcutta, Bengal Presidency |
Key people |
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Carr, Tagore and Company (also written as Carr, Tagore & Co.) was the first equal partnership between European and Indian businessmen and the initiator of the managing agency system in India. The company was launched in 1834 by Dwarakanath Tagore in partnership with William Carr, an indigo trader of Kolkata (then known as Calcutta). Dwarakanath played a leading role in the company, providing its capital, selecting its partners and directing its investment strategy throughout his life.[1]