In 1639, the grant of Madras to the English was finalized between the factors of the Masulipatnam (now Machilipatnam) factory (trading post), represented by Francis Day, and the Raja of Chandragiri.
However financial considerations forced the company to revert to an agency soon after Aaron Baker had served his term.
Madras was elevated to a presidency in 1684 and remained so until 12 February 1785 when new rules and regulations brought by the Pitt's India Act reformed the administration of the East India Company with the exception of a three-year period of French rule from 1746 to 1749 when Madras was a governorship.
Elihu Yale, Thomas Pitt and George Macartney are some of the well-known Presidents of Madras.
During the period between 1746 and 1749, when Madras was under French rule, the British ran a provisional government from Fort St. David, near modern-day Porto Novo.