Integrated Annual Report 2024
At Schaeffler India, we align our business strategy with ESG priorities unique to India’s mobility and industrial landscape. By offering energy efficient automotive and industrial solutions, we aim to drive meaningful change and deliver lasting value to our customers.
The Schaeffler Group has been driving forward groundbreaking inventions and developments in motion technology for over 75 years. With innovative technologies, products and services, CO₂-efficient drives, chassis solutions and renewable energies, we are a reliable partner for making motion more efficient, intelligent, and sustainable – over entire product life cycles.
2024 Highlights
Revenue1
Patents filed in 2023
EBIT before special items
Employees
Shareholders equity
Ever since the company was founded in 1946, Schaeffler’s history has been marked by innovations that make it possible to shape motion - in various types and forms.
Bearings and linear guides for moving components in a targeted manner, ensuring high efficiency by reducing friction to a minimum
Solutions for transmitting mechanical energy such as transmissions, gearboxes, clutches, dampers, and various other products convert torque and speed for a wide range of applications
Innovative sensors and intelligent electronic control units for controlling, regulating, and optimising the performance and efficiency of various motion control systems
Actuator systems for converting signals into mechanical movement, force, pressure, or torque for functionality, safety, and efficiency
Power electronics for converting electric energy for the traction motor to meet the highest performance requirements - for efficient and comfortable mobility in hybrid and electric powertrains
Electric drive systems – synergy of electric motor, transmission and power electronics in powerful electric axles, and dedicated hybrid systems for sustainable comfort and efficiency
Systems for generating, converting, storing and managing clean energy as the backbone of a sustainable future, with hydrogen and electricity as the main energy carriers for mobile and stationary applications
Digital services, intelligent condition monitoring systems, as well as repair and maintenance solutions for extending the product life cycle, with diverse applications across all industries
As a leading Motion Technology Company, Schaeffler AG successfully completed the merger with Vitesco Technologies Group AG, further reiterating our commitment towards innovation and sustainability.
With the completion of the merger with Vitesco, Schaeffler is entering a
new
chapter in its corporate history. 
Klaus Rosenfeld, CEO of Schaeffler AG
2024 AT A GLANCE
Discover moreRevenue | 
11.8%
EBITDA | 10.7%
PAT | 7.6%
Dividend per share | 7.7%
Capital Expenditure | 24.9%
ROCE | 
3.1%
As of December 31, 2024
EBITDA: Earnings Before Interest,
Taxes,
PAT: Profit After Tax
RoCE: Return on Capital Employed
We are aligned with our parent’s ambitious target of climate neutral production by 2030 and climate neutral supply chain by 2040
Renewable energy usage
GHG emissions averted
Our people, customers, suppliers and communities matter!
Sustainable sourcing
CSR beneficiaries
For us, integrity and accountability is a foremost priority
Women in Leadership Team
Independent Directors
Chairperson
Sustained efforts for growth, innovation, operational excellence and advancing the ESG agenda has helped the company to shape a resilient business.
Eranti Sumithasri Chairperson
MD & CEO
We continue to strengthen our manufacturing capabilities to meet growing customer demand and retain our competitive edge.
Harsha Kadam MD & CEO
Director - Finance & CFO
We remain committed to providing sustainable, long-term value to our stakeholders through a balanced approach that includes both capital appreciation and dividend payments.
Hardevi Vazirani Director - Finance & CFO
We consistently implement ESG practices to protect resources, improve lives, and uphold highest ethical standards.
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Stakeholder engagement
At Schaeffler India, we are dedicated to strengthening stakeholder relationships through effective communication, which we believe is key to building a truly sustainable organization.
Discover moreDouble materiality
In alignment with our ‘sustainability to core’ strategy, we undertook our first comprehensive double materiality assessment in 2024, which captures two critical dimensions – ‘financial’ and ‘impact’ materiality principles.
Discover moreEnvironment
We adhere to the Climate Action Plan developed by our parent organization. It empowers us to efficiently utilise resources and limit our carbon footprint across the value chain.
Discover moreGovernance
We adhere to the highest standards of corporate governance to ensure ethical conduct, integrity, transparency,
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