When the East India Company was chartered by Elizabeth I, Queen of England in 1600 it was still customary for each merchant or Company of Merchant Adventurers to have a distinguishing mark which included the mystical "Sign of Four" and served as a trademark. The East India Company's mark was made up from the initials EIC within a heart shape, crested with a 4. This was later changed to VEIC (from Vnited East India Company - United being spelled with V for U, in Latin), with the letters within a saltire (diagonal cross).
The mark was the central motif of the East India Company's coinage issued in India.
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