He wasn't building a company to be acquired by the Mughals (exit strategy). He was building an institution. He pioneered the not as an ego trip, but as a legal and symbolic declaration that he was a sovereign entity, not a vassal.
Build where they aren't looking.
Chhatrapati Shivaji Maharaj didn’t just build an empire; he built a that defeated established monopolies (the Mughals, the Adilshahi Sultanate) with zero venture capital and 100% cultural loyalty. Shivaji The Management Guru Pdf