The birth of the East India Company is also considered the birth of corporate affairs in the AngloAmerican business world. The Industrial Revolution had already begun in a large-scale, organized form. Many East India Companies, such as the British East India Company and the Dutch East India Company, became the French East India Company. But the use of the word "corporation" does not by itself make the body a governing corporation. These entities were more of a partnership firm in nature. In ancient India, the term "Shreni" was thought to match the company. But more or less Shreni was like a partnership because a group of businessmen coming to gether for a common interest was more like a partnership firm