What is jagat seth?

Jagat Seth was a prominent Indian banker who lived during the 18th century. He was born into a Marwari family in Kolkata (then Calcutta). He rose to prominence as a wealthy moneylender and banker, with a reputation for being a shrewd businessman. He became one of the wealthiest people in India at the time, with his wealth estimated to be around 12 million rupees, which would be worth billions of dollars today.

Jagat Seth was known for his close relations with the Mughal Emperor and the Nawabs of Bengal. He lent money to the East India Company and played a key role in the financial affairs of the Bengal region. As a result, his influence extended beyond banking, and he was sought after as a political advisor.

Jagat Seth also played a significant role in the cultural life of Kolkata. He was known for his patronage of the arts, and he supported poets, musicians, and scholars. He was also a philanthropist and made significant contributions to charitable causes.

The legacy of Jagat Seth is still remembered in Kolkata today. There is a street named after him, and his descendants continue to be prominent members of society.