East India Company employed 260,000 soldiers alone, not even counting the entire rest of the company. That took 20 seconds to find.

https://en.wikipedia.org/wiki/East_India_Company

1100 is not even close and populations were much smaller.

Yes, the East India Company ran a much more efficient crypto exchange, obviously.

EIC was working in concert with other major British institutions including the military. They probably had 100,000s of personnel in total.