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The "Bombay Tramway Company Limited" was formally set up in 1873.After a contract was entered into between the Bombay Tramway Company, the municipality and Stearns and Kitteredge company, the Bombay Presidency enacted "The Bombay Tramways Act, 1874", under which the Company was licensed to run a Horsecar tramway service in the city.It got "The Bombay Electric License" on 31 July 1905 signed by Bombay Tramways Company, the Bombay Municipality and the Brush Electrical Company. The people of Bombay received the bus with enthusiasm, but it took quite some time before this means of conveyance really established itself.
The following year the number had increased to 3.8 million.
For several years, it was looked upon as transport for the upper middle class.
In 1937, the introduction of double-decker buses proved to be extremely popular.
Pursuant to the option given to it under the deed of concession granted to the Bombay Electric Supply and Tramways Co.
On , the first horse-drawn tram made its début in the city, plying on the Colaba–Pydhone via Crawford Market, and Bori Bunder to Pydhonie via Kalbadevi routes.
The initial fare was three annas (15 paise), and no tickets were issued.Those were the days when the tram was the poor man's transport; it carried one all the way from Sassoon Dock to Dadar. In response to the pleas made by the Government and the Bombay Municipal Corporation, the company extended its services to the northern part of the city in 1934.The Indian independence movement's call for mass non-violent strikes and general civil disobedience, led to regular service disruptions, leading to the company incurring huge losses in 1929.Ltd, the "Bombay Municipal Corporation"acquired on 7 August 1947, the assets of the combined undertaking, namely the operation of tramways and distribution of electricity in the city of Bombay as a going concern.By mutual agreement, the corporation also took over the operation of the bus services, which was run by the Bombay Electric Supply & Transport Company.1873 as Bombay Tramway Company Limited (Horsecar) ---- 1905 as Bombay Electric Supply & Tramways Company Limited (BEST) (Tramways and Electricity) ---- 1947 as Bombay Electric Supply and Transport (BEST) (Transport and Electricity) ---- 1995 as Brihanmumbai Electric Supply & Transport (BEST) (Transport and Electricity) The Bombay Electric Supply And Transport (BEST) Undertaking is the civic transport and electricity provider public body based in Mumbai, Maharashtra, India.