Coins issued by most of the Rajput kings of medieval India were same in pattern i.e. included the name of the Ruler on one side and the picture of Goddess Laxmi on the other side. The text of the coins was written in Devnagiri script.
Madhav Rao defeated the Nizam of Hyderabad and also compelled Haidar Ali of Mysore to pay tribute. He reasserted control over northern India by defeating the Rohillas and also subjugated the Rajput state and Jat chiefs.