Even after the death of Aurangazeb, the Marathas launched continuous attacks and this weakened the Mughals in Deccan. In 1724 a new and independent state was founded with Hyderabad as its capital. The founder was Asef Jahi, who was the Nizam Ul Mulk (Governor) of the Deccan provinces of the Mughals. Jahi’s successors were known as Nizams. The Nizams had amassed fabulous wealth and they continued to be powerful till 1948 when Hyderabad acceded to be part of the Indian Union.