Why didn't English East India Company in South Asia try to declare independence from the British monarch?

by Ashwath_S

The American war of independence happened when the 13 British colonies in USA tried to get rid of the monarch. Why didn't the British who came to South Asia try the same? Instead of paying taxes to the British monarch, wouldn't it be easier for East India Company to administer the South Asia all by themselves?

peachbao

More contributions are always welcome, but this past thread with answers by /u/mikedash may help!