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- After Balaji Vishwanath, his son, Bajirao I was appointed as the Peshwa. He expanded the Maratha empire up to Malwa, Rajasthan, and Bundelkhand. He defeated the Nizam.
- After Bajirao I, Balaji Bajirao alias Nanasaheb was appointed as the Peshwa. Madhavrao Peshwa tried to reestablish the Maratha power.
- The defeat in Panipat was not just a political defeat but also lowered the morale of the Marathas greatly.
- Madhavrao Peshwa tried to elevate the spirits of Marathas as well as reestablish the Maratha power in the north.
- The Marathas were successful in overcoming the great defeat at Panipat and create a politically strong position for themselves in the politics of the north.
- Malharrao was the founder of the Holkar State at Indore. He served the Maratha power for a long time.
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