Subsidiary company 

A firm that is wholly or partially owned and managed by another business, known as the parent company or holding company, is referred to as a subsidiary company. Although it does business independently, the subsidiary is ultimately under the parent company's supervision. The parent company owns a sizable number of the shares of the subsidiary, which gives it authority over the subsidiary's operations and decisions despite the fact that it may have its own management, staff, and assets.

The following are some key features of a subsidiary company:

Ownership: 

A subsidiary company is owned, either partially or completely, by a parent company.

Control: 

The parent company has significant control over the subsidiary company's operations, management, and decision-making.

Independent Operation: 

Although controlled by the parent company, a subsidiary operates as an independent company with its own management, employees, and assets.

Separate Legal Entity: 

A subsidiary is a separate legal entity from the parent company and is responsible for its own debts and liabilities.

Branding: 

A subsidiary may operate under its own brand, separate from the parent company.

Purpose: 

A subsidiary may be created for various purposes, such as expanding into new markets, diversifying the parent company's business, or consolidating operations.

Financial Reporting: 

A subsidiary company's financial results are typically consolidated into the parent company's financial statements.