1 Fanon Pondichery

By 1837, the French East India Company had long since been dissolved — the original Compagnie des Indes collapsed in 1769 — making this issue a product of direct French colonial administration in Pondicherry rather than any active trading company. The "Compagnie des Indes" attribution on these later fanons is essentially a historical fiction maintained by convention, referring to French Indian territorial coinage rather than a functioning corporate entity.

The fanon itself was a local unit of account rooted in South Indian monetary custom, adopted and perpetuated by French authorities to facilitate trade with the local population.