Paisa - Pardam Singh

Ratlam was a small Rajput state in Malwa whose rulers spent much of the late eighteenth century navigating the competing pressures of Maratha suzerainty and the encroaching influence of the East India Company. Pardam Singh ruled during precisely this contested period, and the issuance of local copper coinage was as much an assertion of residual autonomy as it was a practical monetary act — the Marathas had disrupted established trade networks across Malwa, creating genuine demand for small-denomination copper at the local level.

KM#10 is the only attributed paisa type for this reign.