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Jagat Seth: The Wealthy Banker and Merchant of Bengal || आखिर कितनी दौलत थी इनके पास || The Mid

Jagat Seth was born into a Marwari Jain family in the late 17th century. He established his banking business in the city of Murshidabad, which was the capital of the Nawabs of Bengal at that time. He gained the trust of the Nawabs and became their chief financial advisor, overseeing the finances of the kingdom. Jagat Seth's banking firm played a crucial role in financing the British East India Company's operations in India. The firm provided loans to the Company, which were used to finance the purchase of goods for export. In return, the Company provided the firm with valuable trading concessions. Jagat Seth's wealth and influence extended beyond his banking business. He owned extensive properties in Murshidabad and other parts of Bengal, as well as in other parts of India. He was also a patron of the arts and supported the construction of several temples and other religious structures in Murshidabad and elsewhere. Despite his close ties with the Nawabs, Jagat Seth maintained good relations with the British, and he played a role in mediating conflicts between the two powers. However, his fortunes took a downturn when the East India Company gained a monopoly on trade in Bengal in the late 18th century, and his banking firm lost much of its influence and power. Today, Jagat Seth is remembered as a legendary figure in the history of Bengal. His legacy can still be seen in the many temples and other structures that he helped to build, as well as in the cultural and economic institutions that he helped to establish.