2. Corporate overview
  3. Corporate overview

Corporate overview

Integrate

2019 marks the first full year of operations as Schaeffler India Limited (Schaeffler India) — a strong entity that resulted from the merger completed in 2018. The merger has enabled us to realise our multiple synergies, while providing further growth impetus to Schaeffler India. The merger marks an important landmark in our global 'One Schaeffler' journey. Together as 'One Schaeffler', we are better positioned to leverage our brand equity and optimise production, distribution and innovation value chains for greater performance and growth.

Read More
Innovate

At Schaeffler India, our drive to cater to the industry demands in a more efficient and holistic manner gets a phenomenal boost from Schaeffler Group. It is globally renowned for its legacy of innovation and its best-in-class Research and Development (R&D) capabilities are finding a firm footing in India. Through continuous investments, we are strengthening our R&D capabilities and competencies in India to serve our local customers across business segments. Simultaneously, we are building on the expertise and customer-centric know-how of the merged entities, to further our innovation ecosystem. With this, we are ready to strengthen our capability to serve our customers with future-ready products, while providing the industry with new ideas and offerings.

Read More
Create

We are here to create value. Through our innovation-led engineering excellence, precision and high-quality products, we make it possible for others to create a world they envision. Supported by our key stakeholders, partners in the industry and customers, we enable industries to create and deliver sustainable solutions, while contributing positively towards our society. Through our business practices, we strive to create value for all stakeholders in our collective journey towards a better tomorrow.

Read More
Performance highlights: 2019
Revenue

`43,606 million

EBITDA

`6,461 million

Earnings after tax

`3,676 million

CO2 reduction

10%

CSR beneficiaries

12,094

About this report
Furthering our commitment to transparent stakeholder communications, we, at Schaeffler India, have started on the journey of Integrated Reporting with our Annual Report 2019. The Report is guided by the framework issued by the International Integrated Reporting Council (IIRC). To inform our stakeholders on all aspects of our business, we have introduced certain key elements of the framework in the Report. As we continue our journey, we will add more such elements to our upcoming reports over the years.

Some data related to might be management estimates. The other statutory reports, including the Directors' Report, Management Discussion and Analysis, Corporate Governance Report and Business Responsibility Report are as per the Companies Act, 2013; SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015; and the prescribed Secretarial Standards.

Reporting scope and boundary
The Annual Report for 2019 covers information on the Company’s business segments in India, along with associated activities that enable short, medium and long-term value creation.

Responsibility of those charged with governance
The Company’s senior management, under the supervision of the CEO, have reviewed the Report's content. Board members of the Company have provided the required governance oversight.

Find out more online at schaeffler.co.in