Nasik became a stronghold of the Marathas in the
mid-eighteenth century. Their first rupees were struck in the name of Alamgir
II, and these were followed by coins with the name of Shāh ‘Ālam II.
The old Moghul name of
Gūlshanābād was retained on the coins, although the name Nasik
seems to have been used in all other matters once the Marathas had charge of
the district.