In 1320, the Khaljis were replaced by Tughlaqs.  The successor of Muhammad, the founder of the Tughlaqs had an expansionist plan and sent the army throughout the Indian subcontinent.  This won him the Deccan but in 1347, the chief of the Deccan army declared independence.  The latter elected Nasir-ad-din Ismail Shah as their leader. Nasir-ad-din Ismail Shah stepped down after ruling for five years and elected Ala-ad-din Hasan as his successor who took up the name "Bahaman Shah".  The dynasty founded by him was known to the historian as Bahamanis, which rose to greatness.  In the early mid-fifteenth century AD, Bahamanis covered as far as Bombay, Mysore and Hyderabad.  But the fate was not in favour, shortly before 1500, the Kingdom was fractured into five smaller Kingdoms.  The Bahamani lineage disappeared like the Delhi Sultanates who gave way to the Mughals.

Throughout the Bahamani period, Kingdom attracted several disaffected members of Delhi Sultanate courts (Tughlaqs, Sayyids, Lodis etc.,) and its other sub courts such as Jaunpur, Malwa, Gujarat and Bengal.  They ultimately received their freedom within it.

The coinage of Bahamanis enjoyed a unique status.  The major currency of their previous masters Delhi Sultans was based on Gold and Silver.  The copper was mainly used for a smaller transaction.  The amazing factor to be viewed of Bahamanis is, their economic basis was a copper coinage of four denominations abiding a very strict weight standard.  Such a strict weight standard was never followed by the earlier India rulers!  The first six rulers of Bahamnis minted coins similar to that of Tughlaqs. Very few known Gold survives today, and are extremely rare.  Under Mahmud Shah (1482 - 1518), the last of Bahamani monumental building was completed.  Starting from 1590, the successor states to the Bahamanis emerged to mint coins in their names, but the rigorous control ceased to exist.