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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 most railways were both managed and owned by the GoI. The railways in India were subject to constant changes of ownership, amalgamations and adjustments over the years.
*[[:Category:Guaranteed Railways]] included those railway companies, formed by 1859, to which the East India Company, later the GoI, guaranteed a fixed return on capital.
*[[Un-guaranteed Railways]] were few in munber (only two were formed in the period 1850-1866 and both these were re-constituted by 1870).
