Hello Rahul,

Corporate finance is an area of finance that deals with sources of funding, the capital structure of corporations, the actions that managers take to increase the value of the firm to the shareholders, and the tools and analysis used to allocate financial resources.

It is essential for any business whether big or small. It helps a company in its expansion of business, planning future course of actions, managing finance, ensuring healthy profitability and economic viability.

Hope it helps.

Thank you!