Approach to reporting
This is the fourth Integrated Annual Report from Schaeffler India and is prepared following the International Integrated Reporting (IR) framework issued by the Value Reporting Foundation. This report reflects our commitment to transparent stakeholder communication and provides a concise yet detailed assessment of our ability to create sustainable value in the short, medium, and long term.
The report focuses on Schaeffler India's achievements, our model of value creation, holistic performance, strategy, risk management, and financial and non-financial performance, including ESG initiatives.
Reporting period
January 1, 2022 
December 31, 2022
Operating businesses
The report covers the strategic, financial, and non-financial performance of Schaeffler India’s businesses, including various manufacturing operations and supply chains.
Financial and non-financial reporting
The report extends beyond financial reporting and includes non-financial performance, opportunities, risks, and outcomes attributable to or associated with our key stakeholders, which have a significant influence on our ability to create value.
Responsibility statement
The integrity of the information presented in this report is verified by the management and the Board of Schaeffler India to the best of their knowledge
Value creation process
At Schaeffler India, we believe value creation is focused on optimising value (outcomes and outputs) for our stakeholders. This is a consequence of how we allocate and enhance our capitals, which are stocks of value that increase, decrease, or transform because of the organisation’s activities.
Simplified presentation of the value creation process at Schaeffler India
Inputs Outputs
Outcome Stakeholders
Apart from abiding by the guiding principles and content elements of the IR framework, this report abides by the following frameworks, guidelines, and standards:
Disclaimer:The Company is not liable for any data/information in this report that is taken from the public domain.
To aid navigation and indicate cross-referencing, the following icons have been used in the Report.
Financial Capital
Intellectual Capital
Social & Relationship Capital
Manufacturing Capital
Human Capital
Natural Capital
