I assume you mean the East India Company? And from what I understand it was somewhat different than directly controlled by the state. Getting the "Queen's permi

I assume you mean the East India Company? And from what I understand it was somewhat different than directly controlled by the state. Getting the "Queen's permission" was more of a business license, and they actively formed a lobby within in the government to lobby for a monopoly which was roughly 100 years after they were formed as a private venture.