Definition: The word "East India Company" is a company that was established in 1602 to trade with East India companies, or "Indesities," on behalf of British Royalists. The English West Indian colonies were also controlled by the East India Company. Here is a detailed definition of the word "East India Company": The East India Company (EIC) was an organization established in 1602 to trade with other East India companies and to control their activities in what would become known as the East Indies. The English West Indian colonies were also controlled by the EIC. The company was established by King James I of England, who sought to gain a foothold in the lucrative business of trading in India. The company's primary objective was to control trade with East India companies and to control their activities on behalf of his government. The EIC had several key functions, including collecting taxes and tariffs on goods traded between Britain and India, regulating prices of Indian goods, and providing military support for British forces on the East India Company's behalf in colonial wars. The company also played a significant role in promoting English culture and industry in the colonies it controlled.