This article contributes to historiographical examinations of gender and capitalism in eighteenth-century India. Focusing on the fragile nature of revenue farming ventures in this period, the article illustrates how propertied women in the Eastern Gangetic plains used matriarchal authority and affect to lead their agrarian and mercantile family firms into commercial transactions. The article shows that the household was the locus of these commercial relationships and that of the competing and layered sovereignties of distinct state and non-state actors. At the same time, matriarchs exercised their authority beyond it. Travelling in palanquins, or having their kin conduct transactions on their behalf, they asserted their maternal authority and social status in different publics to protect their firms’ interests. In a second key argument, the article suggests that Mughal law, fostered by native officials in the early colonial courts in Banaras, facilitated propertied women’s participation in this economy. Matriarchs demonstrated a keen understanding of this fractured jurisdictional landscape and used it to their advantage as they manoeuvred from one legal forum to another. The third argument of this article illustrates that colonial regulations redefined, and could even compromise, propertied women’s engagements in land revenue transactions. These shifts were made possible through the mobilization of gender and specific understandings of womanhood and the household. In this article, I show that these attempts to disenfranchise propertied women in Banaras were intimately connected to the Company’s vision of a colonial public in which it could monopolize sovereignty.