Macaulay suggested reforming East India Company than to abolish it-1833

If you require me to make this government as good as that of England, France, or the United States of America, I own frankly that I can do no such thing. Reasoning a priori, I should have come to the conclusion that such a government must be a horrible tyranny. It is a source of constant amazement to me that it is so good as I find it to be.