Bajirao I in the context of "Jagir"

The Peshwa was the second highest office in the Maratha Empire, next in rank and prestige only to that of the Chhatrapati. Initially serving as the appointed prime minister in the Maratha Kingdom, the office became hereditary when Shahu gave the seat of Peshwa to Bajirao Ballal. During the reign of Shahu, the office of Peshwas were handed more responsibilities to keep the Jagirdars and Vatandars of the Maratha Empire from rebelling. After the passing of Shahu I the empire had no male heir apparent; hence the duty of maintaining peace lay with the Peshwas till the heir apparent (Rajaram II) was of age. The Peshwas from the time of Balaji Rao became the supreme authority in Maratha empire and the Chhatrapati's position became nominal.

All Peshwas during the rule of Shivaji, Sambhaji and Rajaram belonged to Marathi Deshastha Brahmin community. The first Peshwa was Moropant Pingle, who was appointed as the head of the Ashta Pradhan (council of eight ministers) by Shivaji, the founder of the Maratha Kingdom. The initial Peshwas were all ministers who served as the chief executives to the king. The later Peshwas held the highest administrative office and also controlled the Maratha confederacy. Under the Bhat family, the Peshwas became the de facto hereditary administrators of the Confederacy. The Peshwa's office was most powerful under Baji Rao I (r. 1720–1740).

The Maratha Empire, also referred to as the Maratha Confederacy, was an early modern polity in the Indian subcontinent. It comprised the realms of the Peshwa and four major independent Maratha states under the nominal leadership of the former.

The Marathas were a Marathi-speaking peasantry group from the western Deccan Plateau (present-day Maharashtra) that rose to prominence under leadership of Shivaji (17th century), who revolted against the Bijapur Sultanate and the Mughal Empire for establishing "Hindavi Swarajya" (lit. 'self-rule of Hindus'). The religious attitude of Emperor Aurangzeb estranged non-Muslims, and the Maratha insurgency came at a great cost for his men and treasury. The Maratha government also included warriors, administrators, and other nobles from other Marathi groups. Shivaji's monarchy, referred to as the Maratha Kingdom, expanded into a large realm in the 18th century under the leadership of Peshwa Bajirao I. Marathas from the time of Shahu I recognised the Mughal emperor as their nominal suzerain, similar to other contemporary Indian entities, though in practice, Mughal politics were largely controlled by the Marathas between 1737 and 1803.

House of Scindia or earlier known as the Sendrak was a Maratha Royal House They claim descent from the mythical Nagas beings, often associated with serpent worship, that ruled the erstwhile Gwalior State in central India. Ranoji Scindia rose as a prominent military commander under Peshwa Bajirao I. Ranoji and his descendants, along with Holkars, played a leading role during the Maratha ascendancy in northern India in the 18th century. The Gwalior State became a princely state during the British Raj in the 19th and the 20th centuries. After India's independence in 1947 and the abolition of princely states, several members of the Scindia Dynasty went on to enter Indian politics.