The Peshwa Dynasty brought the Maratha Kingdom into new heights of glory during the reign from 1712 to 1804. Bajirao 1 made Pune the capital of the Peshwa rule. During his reign the Maratha Kingdom had to suffer a crumbling defeat in the hands of Ahmad Shah Abdali in the Third Battle of Panipat in the year 1761. The defeat reduced the power of the Maratha kingdom and confined it regionally.
After the death of the great Shivaji, the Maratha Kingdom went through a period of Political instability, which could be resolved by the Peshwas periodically. The important rulers of the Peshwa Dynasty are:
