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Hyderabad State or Hyderabad Deccan was a country, kingdom, and then princely state of India in the south-central Deccan region with its capital at the city of Hyderabad. It is now divided into the present-day state of Telangana, the Kalyana-Karnataka region of Karnataka, and the Marathwada region of Maharashtra in India. The state was ruled from 1724 to 1948 by the Nizam, who was initially a viceroy of the Mughal empire in the Deccan. Hyderabad gradually became the first princely state to come under British paramountcy signing a subsidiary alliance agreement. During the British rule in 1901, the state had a revenue of ₹4,17,00,000. The native inhabitants of Hyderabad State, regardless of ethnic origin, are called "Mulki" (countryman), a term still used today. The dynasty declared itself an independent monarchy during the final years of the British Raj. After the Partition of India, Hyderabad signed a standstill agreement with the new dominion of India, continuing all previous arrangements except for the stationing of Indian troops in the state. Hyderabad's location in the middle of the Indian Union, as well as its diverse cultural heritage, led to India's annexation of the state in 1948. Subsequently, Mir Osman Ali Khan, the seventh Nizam, signed an instrument of accession, joining India.