Baroda State was a state in present-day Gujarat, ruled by the Gaekwad dynasty of the Maratha Confederacy from its formation in 1721 until its accession to the newly formed Dominion of India in 1949. With the city of Baroda (Vadodara) as its capital, during the British Raj its relations with the British were managed by the Baroda Residency. The revenue of the state in 1901 was Rs. 13,661,000. Baroda formally acceded to the Dominion of India, on 1 May 1949, prior to which an interim government was formed in the state.