Hyderabad in 1591 to extend the capital beyond the fortified Golconda. In 1687, the city was annexed by the Mughals. In 1724, Mughal governor Nizam Asaf Jah I declared his sovereignty and founded the Asaf Jahi dynasty, also known as the Nizams. Hyderabad served as the imperial capital of the Asaf Jahis from 1769 to 1948. As capital of the princely state of Hyderabad, the city housed the British .
Residency and cantonment until Indian independence in 1947. Hyderabad was integrated into the Indian Union in 1948 and continued as a capital of Hyderabad State (1948–56). After the introduction of the States Reorganisation Act of 1956, Hyderabad was made the capital of the newly-formed Andhra Pradesh. In 2014, Andhra Pradesh was bifurcated to form Telangana and Hyderabad became the joint capital of the two states with a transitional arrangement scheduled to end in 2024. Since 1956, the city has housed the winter office of the President of India.
Relics of the Qutb Shahi and Nizam rules remain visible today; the Charminar has come to symbolise the city. By the end of early modern era, the Mughal Empire declined in the Deccan and the Nizams' patronage had attracted men of letters from different parts of the world. The amalgamation of local and migrated artisans had originated a distinctive culture, and the city emerged as the foremost centre of oriental culture. Painting, handicraft, jewellery, literature, dialect and clothing are prominent still today. Through its cuisine, the city is listed as a UNESCO creative city of gastronomy. The Telugu film industry based in the city is the country's second-largest producer of motion pictures.
City of Pearls", and was the only Golconda Diamonds trading centre in the world. Many of the city's historical and traditional bazaars remain open. Hyderabad's central location between the Deccan Plateau and the Western Ghats, and industrialisation throughout the 20th century attracted major Indian research, manufacturing, educational and financial institutions. Since the 1990s, the city has emerged as an Indian hub of pharmaceuticals and biotechnology. The formation of special economic zones and HITEC City dedicated to information technology has encouraged leading multinationals to set up operations in Hyderabad.
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