The East India Company was made the Diwan of Bengal on 12 August 1765; by then Mughal Emperor Shah Alam II. Thus, the Company became of the chief financial administrator of the territory of Bengal. The Company officials understood one important aspect of expanding their base in India. They understood the importance of those who had ruled the countryside in the past, and had enjoyed authority and prestige. The Company wanted to be careful not to annoy those people. Growth of Revenue: Initially, the Company was just interested in collecting revenue so that its trade and other expenses could be financed. But the Company was not interested in setting up any regular system of assessment and collection. The revenue was enough to double the purchase by Company within five years.