Chhatrapati in the context of Sambhaji

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 Third Battle of Panipat took place on 14 January 1761 between the Maratha Empire and the invading army of the Durrani Empire. The battle took place in and around the city of Panipat, approximately 97 kilometres (60 mi) north of Delhi. The Afghans were supported by three key allies in India: Najib-ud-Daula who persuaded the support of the Rohilla chiefs, elements of the declining Mughal Empire, and most prized the Oudh State under Shuja-ud-Daula. The Maratha army was led by Sadashivrao Bhau, who was third-highest authority of the Maratha Confederacy after the Chhatrapati and the Peshwa. The bulk of the Maratha army was stationed in the Deccan Plateau with the Peshwa.

Militarily, the battle pitted the artillery, musketry, and cavalry of the Marathas against the heavy cavalry, musketry (jezail) and mounted artillery (zamburak) of the Afghans and the Rohillas led by Ahmad Shah Durrani and Najib ud-Daula. The battle is considered to have been the largest and one of the most eventful fought in the 18th century, and it had perhaps the largest number of fatalities in a single day reported in a classic formation battle between two armies.

Shivaji I (Shivaji Shahaji Bhonsale, Marathi pronunciation: [ʃiˈʋaːdʑiː ˈbʱos(ə)le]; c. 19 February 1630 – 3 April 1680) was an Indian ruler and a member of the Bhonsle dynasty. Shivaji inherited a jagir from his father who served as a retainer for the Sultanate of Bijapur, which later formed the genesis of the Maratha Kingdom. In 1674, he was formally crowned the Chhatrapati of his realm at Raigad Fort.

Shivaji offered passage and his service to the Mughal emperor Aurangzeb to invade the declining Sultanate of Bijapur. After Aurangzeb's departure for the north due to a war of succession, Shivaji conquered territories ceded by Bijapur in the name of the Mughals. Following his defeat at the hands of Jai Singh I in the Battle of Purandar, Shivaji entered into vassalage with the Mughal empire, assuming the role of a Mughal chief, during this time Shivaji also wrote a series of letters apologising to Mughal emperor Aurangzeb for his actions and requested additional honors for his services. He was later conferred with the title of Raja by the emperor. He undertook military expeditions on behalf of the Mughal Empire for a brief duration.

Shahu I (Shivaji Sambhaji Raje Bhonsale; Marathi pronunciation: [ʃaːɦuː]; 18 May 1682 – 15 December 1749) was the fifth Chhatrapati of Maratha Empire founded by his grandfather, Shivaji I. He was born into the Bhonsle family and was the son of Sambhaji I and Yesubai. At a young age, he was taken into custody at the Siege of Raigad by Mughal emperor Aurangzeb, and held captive. He was released from captivity after the death of Aurangzeb in the hope of engineering an internecine struggle among the Maratha factions of Tarabai and Shahu. Shahu emerged victorious in the bloody Battle of Khed and was crowned as Chhatrapati.

During Shahu's reign, Maratha power and influence extended to much of central and western India, which had then created a strong Maratha Kingdom. After his death, his ministers and generals such as the Peshwa Bhats and their lieutenants of the Shinde and Holkar house, Senasahibsubha Bhonsles of Nagpur, and Senakhaskhel Gaikwad of Baroda administered their sections of the Empire under a loose coalition under the orders of the Chhatrapati.

Rajaram II (Rajaram Bhonsale, Marathi pronunciation: [[ɾaːd͡ʒaɾaːm ˈbʱos(ə)le]; June 1726 – 11 December 1777), also known as Ramaraja, was the sixth Chhatrapati of the Maratha Empire. He was an adopted son of Chhatrapati Shahu I. Tarabai had presented him to Shahu as her own grandson and used him to grab power after Shahu's death. However, after being sidelined, she stated that Rajaram II was only an impostor. Nevertheless, Balaji Baji Rao retained him as the Chhatrapati. In reality, Peshwa and other chiefs had all the executive power, while Rajaram II was only a nominal head of the Marathas.

Balaji Baji Rao (8 December 1720 – 23 June 1761), commonly known as Nana Saheb I, was the eighth Peshwa of the Maratha Empire. He succeeded his father, Baji Rao I, as Peshwa in 1740.

During his tenure, the Chhatrapati (Maratha monarch) served largely as a titular head, while effective power remained with the Peshwa. Under Balaji Baji Rao’s administration, the Maratha Empire evolved into a confederation, with prominent chiefs such as the Holkars, the Scindias, and the Bhonsles of Nagpur gaining semi-autonomous authority. The Maratha domains reached their greatest territorial extent during his period.

Rajaram I (Rajaram Bhonsale, Marathi pronunciation: [[ɾaːd͡ʒaɾaːm ˈbʱos(ə)le]; 24 February 1670 – 3 March 1700), also known as Ram Raaje, was the third king (Chhatrapati) of the Maratha Kingdom, who ruled from 1689 to his death in 1700. He was the second son of Shivaji, the founder of the kingdom, and younger paternal half-brother of Sambhaji, whom he succeeded. His eleven-year reign was marked with a constant struggle against the Mughals. He was succeeded by his infant son Shivaji II under the regentship of his Rajmata Maharani Tarabai.