The East India Company, once the foundation of British colonial rule in India, has permanently closed after declaring bankruptcy. The company, which had been revived in London as a luxury goods brand, failed to overcome financial difficulties and ceased operations. Reports indicate that in October 2025, a liquidator was appointed, and the company owed more than £600,000 to its parent entity registered in the British Virgin Islands, along with significant tax and employee liabilities. Its Mayfair store and website have since been closed.

The company, originally founded in 1600 under a royal charter from Queen Elizabeth I, had dominated trade across India and Asia before being dissolved by the British Parliament in 1874. Indian entrepreneur Sanjiv Mehta had purchased the rights to the company’s name in 2010, relaunching it as a retailer of premium tea, chocolate, and spices. The revival had drawn global attention as a symbolic reversal of colonial history.

The closure marks the end of a modern chapter for a name long associated with both global trade innovation and colonial exploitation.