From minister to sovereign
The office of peshwa existed under Shivaji, but from 1713, when Balaji Vishwanath was appointed by Shahu, it became hereditary in the Bhat family, and within a generation the peshwa rather than the Chhatrapati was the empire's effective head. The Chhatrapati remained at Satara as the source of legitimacy while Pune became the working capital.
This is a recurring shape in Indian history — the mayor of the palace displacing the king — and it was replicated below the Peshwas themselves, as the great Maratha houses became autonomous in their own territories.
Bajirao I
Bajirao I, peshwa from 1720 to 1740, took Maratha power north. He raided into Malwa and Gujarat, forced the Nizam to terms at Palkhed in 1728 — a campaign of manoeuvre later studied as a model of mobile warfare — and in 1737 rode to the walls of Delhi itself. He is generally reckoned never to have lost a battle.
Under him and his son Balaji Bajirao the Marathas became the paramount power in India, collecting chauth and sardeshmukhi across most of the subcontinent and holding the Mughal emperor as a client.
Panipat and after
In 1761 a Maratha army met Ahmad Shah Abdali at Panipat and was destroyed — one of the bloodiest battles of the eighteenth century, in which a large part of the Maratha political and military leadership was killed. The empire recovered territorially under Madhavrao I within a decade, but the confederacy never regained its coherence: Scindia, Holkar, Gaekwad and Bhonsle acted increasingly as independent powers.
The British exploited that division through three wars. Nana Fadnavis held the confederacy together by diplomacy until his death in 1800; the last peshwa, Bajirao II, signed away the empire's independence at Bassein in 1802, and after the Third Anglo-Maratha War was pensioned off to Bithur in 1818. His adopted son was Nana Sahib, one of the leaders of the rebellion of 1857.
Further reading
- Gordon, Stewart. The Marathas 1600-1818. Cambridge University Press, 1993
- Basham, A. L. The Wonder That Was India. Sidgwick & Jackson, 1954
- Keay, John. India: A History. HarperCollins, 2000
- Wolpert, Stanley. A New History of India. Oxford University Press, 2009
- Bakker, Hans T. The World of the Skandapurana. Brill, 2014
See also
This entry was last revised on 1 August 2026.