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In 1543, the isles came under the control of the Portuguese and in 1661 ceded as dowry to Catherine de Braganza upon her marriage to Charles II of England.Charles II in turn leased the Island to the British East India Company who named it Bombay.In 2009, the city was honoured with the "Alpha World City" title.The Bombay Stock Exchange is one of the largest in the world.Seeing the growth of the city, the British East India Company transferred their headquarters from Surat to Bombay.

The Municipal Corporation is headed by the Municipal Commissioner who is also the chief executive officer.According to the available figures, Mumbai contributes 10 percent of factory employment, 25 percent of industrial production, 30 percent of Income Tax collection, 60 percent of customs, 20 percent of central excise tax collection and 40 percent of Indian foreign trade.Some of the prominent companies based in Mumbai include Larsen and Toubro, SBI, LIC, Tata Group, Godrej, Reliance and more than five Fortune Global 500 companies.Later it came under the control of many dynasties till the Silharas wrested the region in early 800s.In 1343 AD, the region was captured by the Kingdom of Gujarat in whose possession it remained for the next 200 years.

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