Hi @sumedhak7436918
OOTB Text component is used only to author textual content and for authoring the Image content we have an OOTB Image component which already has the below features like Resize, crop etc...
These 2 components are separated from each other because of the nature of usage and it can be authored separetely.
Either you can use both component separately to achieve your usecase or you can build a custom component with both Text and Image field and add the required properties in the inPlaceEditing of the image component node.
Please see the links below:
https://experienceleague.adobe.com/docs/experience-manager-core-components/using/components/image.ht...
Thanks!