Aug 6, 2026 · 43 min · 11 segments
This week, FinTech Pro owner, Jay Patel, joins Marcus and I for a chat about his start in India, the development of the Indian economy, rivalry with China and Irelands Ferrari on a Country Road! Hope…
Paul MolloyHost
Marcus DoyleHost
Look, we might come back to FinTech Pro later on, but I suppose one of the things we wanted to learn from you, Jay, is just a bit about, I suppose, the economic life of India, how it's developed.
And as a trading company, monopoly on the trade to the East spices, textiles, and all that kind of products.
Through a mix of warfare and alliances with Indian rulers, the company came to control or influence large parts of subcontinent after the major rebellion of 1857.
And that's when London decided that the private company shouldn't run a whole country.
So the Government of India Act in 1858 came on top and transferred its territory to the British crown.
So if you just see the timeline, 1600 as traders and then something happened in 1858 and London decides that we'll have an act and these petty farmers and people who have a little bit of skill but not as skillful and organized as us, so few people a major power to outpower the Indian mass and they were being ruled by the British.
And I feel that if you see that how a limited company went into trade textiles and tea and came out having accidentally created as an empire, it's not an accidental thing.
But there was something there where when we were fighting with swords and sticks, you know, they had guns and stuff.
So that's something which I would put in as like, if you see the bill for that empire was paid on the chaotic years right after independence, partition, violence.
Look, we might come back to FinTech Pro later on, but I suppose one of the things we wanted to learn from you, Jay, is just a bit about, I suppose, the economic life of India, how it's developed.
And as a trading company, monopoly on the trade to the East spices, textiles, and all that kind of products.
Through a mix of warfare and alliances with Indian rulers, the company came to control or influence large parts of subcontinent after the major rebellion of 1857.
And that's when London decided that the private company shouldn't run a whole country.
So the Government of India Act in 1858 came on top and transferred its territory to the British crown.
So if you just see the timeline, 1600 as traders and then something happened in 1858 and London decides that we'll have an act and these petty farmers and people who have a little bit of skill but not as skillful and organized as us, so few people a major power to outpower the Indian mass and they were being ruled by the British.
And I feel that if you see that how a limited company went into trade textiles and tea and came out having accidentally created as an empire, it's not an accidental thing.
But there was something there where when we were fighting with swords and sticks, you know, they had guns and stuff.
So that's something which I would put in as like, if you see the bill for that empire was paid on the chaotic years right after independence, partition, violence.
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