| 1713-20 | Balaji Vishwanath | Shahu appointed him as the Peshwa. | ||||
| 1720-40 | Baji Rao I | Baji Rao I succeded who was the most charismatic leader in | ||||
| Maratha history after Shivaji.He conquered Malwa, Bundelkhand | ||||||
| & even raided Delhi. | ||||||
| 1740-61 | Balaji Baji Rao | Son of Baji Rao I Balaji Baji Rao (Nana Saheb – different from | ||||
| the later Nana Saheb, adopted son of Baji Rao II) who defeated | ||||||
| the Nizam of Hyderabad. The Maratha however received a | ||||||
| terrible blow at the hands of Ahmad Shah Abdali in 1761-Panipat | ||||||
| 1761-72 | Madhav Rao I | Defeated Nizam, Mysore, Rohillas, Rajputs Jats. In 1771 he | ||||
| confined the Mughal emperor Shah Alam II by giving pension. | ||||||
| 1772-73 | Narayan Rao | Short tenure. Tussle with Ragunath Rao over Peshwa claim. | ||||
| 1774-95 | Madhav Rao II | Became Peshwa after treaty of Salbai supported by Nana | ||||
| Phadnavis. In the meantime Mahadji Scindia who had brought | ||||||
| Shah Alam under his control became the actual ruler of Delhi till | ||||||
| his death in 1794. | ||||||
| 1796-1818 | Baji Rao II | Incompetent son of Raghunath Rao (who was had earlier stuggled | ||||
| with Narayan Rao to become Peshwa & sided with Britishers) | ||||||