The history of Mumbai is a fascinating saga of an archipelago of seven islands transforming into one of the world's largest metropolises. Known in the colonial era as Bombay, the city has come a long way from fishing villages to becoming the financial capital of India.
Foundation and First Mentions
Originally, the territory of modern Mumbai consisted of a group of seven islands inhabited primarily by the Koli fishing communities. It was from the name of their patroness, the goddess Mumba Devi, that the city's name was derived. In the 3rd century BCE, these islands were part of the Maurya Empire under Emperor Ashoka, and later came under the control of various dynasties, including the Sultans of Gujarat. The city's European history began in 1534 when the Sultan of Gujarat ceded the islands to Portugal. The Portuguese, appreciating the convenient harbour, named the place "Bom Bahia," which means "good bay."
Key Factors of Formation
A turning point in the city's history was 1661, when the islands were transferred to the British Crown as part of the dowry of the Portuguese Princess Catherine of Braganza, who married King Charles II of England. The further development of the city was determined by several key factors:
- Transfer to the East India Company: In 1668, the British Crown leased the islands to the British East India Company for just 10 pounds in gold per year. The company quickly realised the strategic potential of the deep-water harbour and began developing a trading port and military outpost here.
- Unification of the Islands: One of the most massive engineering projects of that time was the gradual reclamation of the straits and the unification of the seven islands into a single territory. This process, completed in the 19th century, created the necessary land for the city's growth.
- Infrastructure Development: Becoming an important centre of trade, especially in cotton, Bombay developed rapidly. In 1853, the first railway line in India was laid from here, which further strengthened its economic importance.
Early Cultural and Economic Features
Thanks to its status as a major port and trading centre, Bombay attracted migrants from all over India and abroad. This contributed to the formation of a unique multicultural environment where representatives of different peoples and religions, including Marathis, Gujaratis, Parsis, and Europeans, lived and worked side by side. By the end of the 19th century, the city had turned into a powerful industrial centre known for its textile mills. The status of the financial heart of India was firmly established, confirmed by the opening of the Bombay Stock Exchange and the headquarters of major banks.