The French East India Company was a joint-stock company founded in France on 1 September 1664 to compete with the English and Dutch trading companies in the East Indies. Planned by Jean-Baptiste Colbert, it was chartered by King Louis XIV for the purpose of trading in the Eastern Hemisphere. It resulted from the fusion of three earlier companies, the 1660 Compagnie de Chine, the Compagnie d'Orient and Compagnie de Madagascar. The first Director General for the Company was François de la Faye, who was adjoined by two Directors belonging to the two most successful trading organizations at that time: François Caron, who had spent 30 years working for the Dutch East India Company, including more than 20 years in Japan, and Marcara Avanchintz, an Armenian trader from Isfahan, Persia.

François Caron was a French Huguenot refugee to the Netherlands who served the Dutch East India Company for 30 years, rising from cook's mate to the director-general at Batavia (Jakarta), only one grade below governor-general. He retired from the VOC in 1651, and was later recruited to become director-general of the newly formed French East Indies Company in 1665 until his death in 1673.