Acm 501
Acm 501
Acm 501
VIBHUTI JAIN
132055
Subsidiary companies
in India
Contents
Meaning
Profile of subsidiary companies in
India
Meaning
A subsidiary company is a company that is
owned or controlled by another company,
which is called the parent company, or holding
company. The subsidiary can be a company,
corporation, or limited liability company. In
some cases it is a government or state-owned
enterprise.
DEFINITION OF
'SUBSIDIARY'
According to AS 21 -
A subsidiary is an enterprise that is
controlled by another enterprise
Types of subsidiary
Industry Automotive
Products Automobiles
Founded 1965
In March 2007, Audi set up its own sales company for India. By
establishing Audi India as a division of Volkswagen Group Sales India
Pvt. Ltd. in Mumbai. Audi is making a clear long-term statement in the
country with ambitious growths plans. Audis goal is to become the
leading automobile luxury brand in the Indian market.
Industry Automotive
Founded 2007
Parent Audi
Sales and service network
KODA AUTO India Pvt Ltd. has been operating in India since
November 2001 as a subsidiary of koda Auto, one of the
fastest growing car manufacturers in Europe.
It has set up a state-of-the-art manufacturing facility in
Shendra near Aurangabad, Maharashtra.
The facility is spread across 300,000 sq. mt. KODA AUTO
India has a network of 106 outlets across the country.
The company sold 30,005 units in 2011, which represented an
increase of 50% over the preceding year
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