Is Alliance air an Air India Subsidary?

For the last few months,i have been flying with Alliance air as my destination is a tier 3-4 city under Udaan Scheme with just Alliance air operating from it . In my experience, most of the time i found they had server issues (They can't even print boarding passes and luggage tags) and everytime there is a delay. Recently they issued hand written tags for my luggage for a flight which got delayed by 3 hrs. Sharing this because I found it funny. Anyway isn't alliance air a subsidy of Air India. High time they pull up their socks.