Any company which is incorporated in India and owned by a foreign company is known as an Indian Subsidiary. A subsidiary company is a company whose control lies with another company. The Indian subsidiary Company is the company whose interests are held and controlled or held by another company. The company that holds the control is termed as a Parent Company or Holding Company. When a foreign company owns and controls a major stake in the company incorporated in India, then this is called an Indian subsidiary company. A subsidiary company always controlled by the parent company (holding company)partially or fully. An Indian subsidiary company is termed as a subsidiary or sister company of a holding or parent company.