The phrase "respective companies" refers to different companies that belong to different people or groups. It indicates that each company is specific to a particular person or group, and is not shared or owned by anyone else. Full definition
The premiums are taken from the websites of respective companies. (mintwise.com)
These services are designed to be relevant and beneficial to a broad member base, regardless of each member's respective company size, resources or reach. (australianbeverages.org)
Take help of respective company's online support whenever you have a query, do not hesitate to contact them. (relakhs.com)