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.
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.