Qutub Shahi dynasty declined...gave way to invading Mughals in 1687,...which marked the end of a great epoch in the history of South India....Chin Qilich Khan, one of Mughal’s ablest generals, ...appointed the Viceroy of the Deccan with the title “Nizam-ul-Mulk" (Regulator of the Realm).... He rebelled against the Mughals and was victorious on 16 January 1725... and with the city as the capital ruled his vast dominions.
Misfortune befell the city with the conquest of the Deccan by the Mughal Emperor Aurangzeb in 1687. The headquarters of the Deccan then shifted to Aurangabad under the Mughal rule. In 1763, the Nizam shifted the headquarters to Hyderabad and again the city flourished.
In the Deccan, a Muslim State ruled by H.E.H. the Nizam, special stamps and currency known as Halisika minted in Hyderabad was minted.