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→British India: amend link
The early railway companies were UK companies operating in India. Later the British Government of India (GOI) owned the majority and either managed them directly or leased them back to private management. From circa 1925 the GOI began to call in the leases, operating the services directly. By 1945, most railways were both owned and managed by the GOI.
*[[:Category:Guaranteed Railways|Guaranteed Railways]] included those railway companies, formed by 1859, to which the East India Company, later the GOI, guaranteed a fixed return on capital.
*[[:Category:Private Railways|Private Railways]] (those built without a guarantee) were few in number - only two were formed in the period 1850-1866 and both these were re-constituted by 1870.
