The Bombay Times and Journal of Commerce was established in 1838 to cater to the needs of the British community in India, especially in Bombay, which later was renamed Mumbai. This publication addressed the absence of an English-language daily focused on commerce and news, providing crucial updates for traders, expatriates, and residents interested in global and local developments. The founders envisioned a platform where the latest trade news and insights could be shared, aiding businesses and residents alike in navigating the complexities of commerce in a colonial context.

As it transformed over the years, The Times of India became an increasingly prominent voice, adopting the name in 1861. The transition from a niche publication serving primarily British interests to a broader newspaper targeted at the Indian populace represented a significant shift in the media landscape. The paper not only reported on commerce but also began covering various aspects of Indian society, politics, and culture, thus becoming a formative platform for public discourse and nationalism leading up to India's independence.

The evolution of this newspaper paralleled significant historical events in India, including the social reform movements, independence struggle, and the advent of democratic processes. Through investigative journalism and editorial commentary, The Times of India contributed to shaping public opinion and played a notable role in discussions surrounding governance and societal change. Its long publication history reflects the broader changes in Indian society across colonial and independent eras.