In 1690, Job Charnok, an agent of the East India Company chose this place for a British trade settlement. The site was carefully selected, being protected by the Hooghly River on the west, a creek to the north, and by salt lakes about two and a half miles to the east. There were three large villages along the east bank of the river Ganges, named, Sutanuti, Gobindapur and Kalikata. These three villages were bought by the British from local land lords. The Mughal emperor granted East India Company freedom of trade in return for a yearly payment of 3,000 rupees.