(1) A Peshwa was the equivalent of a modern Prime Minister in the Maratha Empire. Originally, the Peshwas served as subordinates to the Chhatrapati (the Maratha king), but later, they became the de facto leaders of the Marathas, and the Chhatrapati was reduced to a nominal ruler. During the last years of the Maratha Empire, the Peshwas themselves were reduced to titular leaders, and remained under the authority of the Maratha nobles and the British East India Company.