 Peace was finally restored and Peda Venkata Raya or Venkata III returned to Vellore to take charge.On 22 August 1639 Francis Day of the East India Company obtained a small strip of Land in the Coromandel Coast from Peda Venkata Raya (a.k.a.Venkata III) in Chandragiri as a place to build a factory and warehouse for their trading activities.The region was under the control of the Damerla Venkatadri Nayakudu, a Recherla Velama Nayak of Kalahasti and Vandavasi.