I. Details of the listed entity

Sl. No. Particulars held Response
1. Corporate Identity Number (CIN) of the Listed Entity L29130PN1962PLC204515
2. Name of the Listed Entity Schaeffler India Limited
3. Year of incorporation April 27, 1962
4. Registered office address 15th Floor, ASTP (Amar Sadanand Tech Park), Baner, Pune, Maharashtra, India, 411045
5. Corporate address
6. E-mail

Bearings & Industrial Solutions

info.in@schaeffler.com

Automotive Technologies & Vehicle Lifetime Solutions

aftermarket@schaeffler.com

Media

deshmukh@schaeffler.com

Institutional & Individual Investors

investorsupport.in@schaeffler.com kanikar@schaeffler.com
7. Telephone +91-20-68198400
8. Website www.schaeffler.co.in
9. Financial year for which reporting is being done 1st January 2024 to 31st December 2024
10. Name of the Stock Exchange(s) where shares are listed

1. BSE Limited

2. National Stock Exchange of India Limited (NSE)
11. Paid-up Capital As on December 31, 2024 the paid-up capital of the Company stood at ` 312,607,340 consisting of 156,303,670 numbers of Equity Shares of ` 2/- each.
12. Name and contact details (telephone, e-mail address) of the person who may be contacted in case of any queries on the BRSR report

Name : Neelam Darekar - Sustainability Reporting

Telephone : +91-20-68198400

E-mail : Neelam.darekar@scheaffler.com

13. Reporting boundary - Are the disclosures under this report made on a standalone basis (i.e. only for the entity) or on a consolidated basis (i.e. for the entity and all the entities which form a part of its consolidated financial statements, taken together). The disclosures under this report made on a standalone basis (i.e. only for Schaeffler India Limited)

Reporting boundary includes four plants viz. Maneja, Savli, Hosur & Talegaon, one under construction plant at Shoolagiri, Tamil Nadu & one corporate office at Pune & seven regional/sales offices. Cost incurred for Shoolagiri plant included in the scope while calculating financial KPIs & for Non-financial parameters Shoolagiri plant has been excluded.

To ensure consistency and comparability of data between the current year and previous year, restatements are made in the comparative year. The relevant changes are highlighted as footnotes in the respective principles. The resulting changes are due to a change in the computation approach or methodology.
14. Name of assurance provider BSI Group India Pvt. Ltd.
15. Type of assurance obtained Reasonable assurance for BRSR core parameters.

II. Products/services

16. Details of business activities (accounting for 90% of the turnover):

Sl. No. Description of Main Activity Description of Business Activity % of Turnover of the entity
1. Automotive Technologies The Automotive Technologies division develops and manufactures innovative products, components and systems solutions for engine, transmission, and chassis applications for ICE (Internal combustion engine), hybrid as well as electric powertrains. 34%
2. Bearing & Industrial Solutions The Bearings & Industrial Solutions division offers a wide range of products that include ball and roller bearings, plain bearings, bearing housings and accessories, linear bearings and ultra precision drives. It also offers lubrication products that includes grease and oils, maintenance products which include a wide range of mounting and dismounting tools, condition monitoring systems to customers across various industrial sectors. These products are distributed through direct sales channels as well as through widespread network of certified distribution partners. 44%
3. Vehicle Lifetime Solutions The Vehicle Lifetime solutions business supplies components and holistic repair solutions for the automobile spare parts business under the leading brands of LuK, INA and FAG. It offers comprehensive services to garages under the REPEXPERT brand to cater to the ever-changing customer needs. 9%
4. Intercompany Exports and Others Intercompany Exports and others mainly includes exports to Group companies (across regions of America, Aisa pacific, China & Europe), scrap sales & other operating income. 13%

17. Products/Services sold by the entity (accounting for 90% of the entity’s Turnover)

Sl. No. Product/Service NIC Code % of total turnover contribute
1. Bearings, Engine and transmission products & solutions 28140 100%

Bearing & engine transmission product is common among all the below segments

Sl. No. Segment Turnover (` Millions) % of total turnover contribute
1. Mobility components and related solutions 61,383.5 76%
2. Others 19,379.4 24%
Total 80,762.9 100%

III. Operations

18. Number of locations where plants and/or operations/offices of the entity are situated:

Location Number of plants Number of offices Total
National 4 8 12
International - - -

19. Markets served by the entity:

a) Number of locations

Locations Number
National (No. of States) 26 States & 3 Union Territories
International (No. of Countries) 21

b) What is the contribution of exports as a percentage of the total turnover of the entity?

Particulars Revenue (` Millions) % of total Turnover contribute
Exports & Others 10,795.9 13%
Total revenue 80,762.9 100%

Note: Refer Q16 (4) for export details

C) A brief on types of customers
Schaeffler India Limited has customers in domestic as well as international markets which are broadly classified in 3 divisions.

  1. Our Automotive Technologies division serves customers in the passenger vehicle, commercial vehicle, tractor, and off-highway segments. We cater to key OEMs in the automotive industry.
  2. Our Bearing & Industrial Solutions (B&IS) division serves customers in sectors such as railways, wind power, raw materials, power transmission, and two-wheelers. We provide solutions directly to large OEMs (Original Equipment Manufacturers ) in these industries and maintain a nationwide distribution network.
  3. Our Vehicle lifetime solutions (VLS) division serves a diverse set of customers within the automotive sector like OES(OE spares), independent aftermarket customers, fleet operators and dealerships, focusing on parts and comprehensive solutions that support vehicle longevity and reliability.

IV. Employees

20. Details as at the end of Financial Year: FY 2024

a) Employees and workers (including differently abled):1

Sl. No. Particulars Total(A) Male Female
No. (B) % (B/A) No. (C) % (C/A)
Employees
1. Permanent (D) 1,652 1,549 94% 103 6%
2. Other than Permanent (E) 150 121 81% 29 19%
3. Total employees (D + E) 1,802 1,670 93% 132 7%
Workers
4. Permanent (F) 1,270 1,245 98% 25 2%
5. Other than Permanent (G) 2,435 2,272 93% 163 7%
6. Total workers (F + G) 3,705 3,517 95% 188 5%

b) Differently abled Employees and workers:

SI. No. Total(A)
No. (B) % (B/A) No. (C) % (C/A)
Differently Abled Employees
1. Permanent (D) 2 2 100% 0 0%
2. Other than Permanent (E) 0 0 0% 0 0%
3. Total employees (D + E) 2 2 100% 0 0%
Differently Abled Workers
4. Permanent (F) 1 1 100% 0 0%
5. Other than Permanent (G) 5 5 100% 0 0%
6. Total workers (F + G) 6 6 100% 0 0%

1In the above Snapshot we have not considered allied services like Canteen, Housekeeping, Security, Transportation, construction workers etc.

21. Participation/Inclusion/Representation of women

Total(A) No. and percentage of females
No. (B) % (B/A)
Board of Directors 9 2 22%
Key Management Personnel 3 1 33%

22. Turnover rate for permanent employees and workers

(Disclose trends for the past 3 years)

FY 2024 FY 2023
(Turnover rate in previous FY) 		FY 2022
(Turnover rate in the year prior to the previous FY)
Male Female Total Male Female Total Male Female Total
Permanent Employees 13.8% 2.2% 10.7% 6.5% 1.0% 4.2% 7.5% 0.9% 4.7%
Permanent workers 2.7% 0.3% 2.0% 4.1% 0.0% 2.3% 4.1% 0.0% 2.3%

V. Holding, Subsidiary and Associate Companies (including joint ventures)

23. Names of holding/subsidiary/associate companies/joint ventures

Sl. No. Name of the holding/subsidiary/associate companies/joint ventures (A) Indicate whether holding/Subsidiary/ Associate/Joint Venture % of shares held by listed entity Does the entity indicated at column A, participate in the Business Responsibility initiatives of the listed entity? (Yes/No)
1. INA Holding Schaeffler GmbH & Co. KG, Germany Ultimate Holding Company Nil No
2. KRSV Innovative Auto Solutions Private Limited Subsidiary 100% No

VI. CSR Details

24. (i) Whether CSR is applicable as per section 135 of Companies Act, 2013:
           Yes

(ii) Turnover (in ` ):
       ` 80,762.9 mn as on December 31, 2024

(iii) Net worth (in ` ):
       ` 53,833.0 mn as on December 31, 2024

VII. Transparency and Disclosures Compliances

25. Complaints/Grievances on any of the principles (Principles 1 to 9) under the National Guidelines on Responsible Business Conduct:

Stakeholder group from whom complaint is received Grievance Redressal Mechanism in Place (Yes/No) (If Yes, then provide web-link for grievance redress policy) FY 2024 FY 2023
Number of complaints filed during the year Number of complaints pending resolution at close of the year Remarks Number of complaints filed during the year Number of complaints pending resolution at close of the year Remarks
Communities Yes, our grievance redressal mechanisms include
  • open registers available at all our plant locations,
  • channels through implementing agencies and NGOs,
  • the option to send physical letters, and
  • contact numbers listed on our website.
https://www.schaeffler.co.in/en/meta/contact/ 		Nil Nil Nil Nil
Investors (other than shareholders) Yes
shareholding pattern of Schaeffler India Limited, consist of Holding Company & Shareholders only. https://www.schaeffler.co.in/en/meta/contact/ 		Nil Nil Nil Nil
Shareholders The Shareholders can file compliant on SEBI SCORES. The Shareholders can reach out to the Secretarial team at
investorsupport.in@schaeffler.com for any grievances/ queries. There is a Shareholders’ Handbook for the guidance and redressal of investor grievances and to educate the Shareholders about their rights as Shareholders, standard procedures, and documentation requirements for certain matters. The Shareholders handbook is available on the Company website at https://www.schaeffler.co.in/en/investorrelations/ disclosures/other-disclosures/ 		1 Nil These include complaints received through SEBI SCORES and stock exchanges 26 Nil These include complaints received through SEBI SCORES and stock exchanges
Employees and workers Yes
Under vigil mechanism employee can file complaint through weo.india@schaeffler.com
For POSH related complaints, posh@schaeffler.com
Compliance, Human rights queries:
complianceindia@schaeffler.com
Employees can file any complaint anonymously
https://www.bkms-system.net/schaeffler
Grievance redressal Policy has formal Grievance redressal procedure, scope & Objective. (Policy doc available on Schaeffler Intranet) 		138 Nil Including one POSH complaint 111 12 Investigation is in progress
Customers Yes
Customers can file complaints on e-mail ids displayed on website.
  • Key OEM customers have their portals for communicating the concerns.
  • SPOCs (Special point of contacts) have been defined for each customer.
  • A dedicated customer care number is pasted on our packaging (MRP stickers) for all products.
  • In parallel we also have internal system of tracking these concerns through SAP based IQOS.
info.in@schaeffler.com
aftermarket@schaeffler.com
https://www.schaeffler.co.in/en/meta/contact/ 		461 Nil2 1- Considered all justified zero km(AF) complaints for the year

2-Number of complaints not closed more than 6 months (AF justified) rounded to nearest digit 		78 Nil
Value chain partners Yes
Vigil Mechanism and Whistle-Blower policies are available on the website, which covers value chain partners as well.
weo.india@schaeffler.com
Each supplier is bound by the SCoC (Supplier code of conduct) which includes contacts details in case of grievance:
investigations@schaeffler.com https://www.schaeffler.co.in/en/meta/contact/ 		Nil Nil Nil Nil
Other (please specify) Yes,
Compliance Management System of the Schaeffler Group and Company’s Vigil Mechanism/Whistle-Blower mechanism are effective tools towards grievance redressals for both external stakeholders & employees. The policies are available on the Company’s website.
weo.india@schaeffler.com
https://www.schaeffler.co.in/en/meta/contact/ 		13 Nil 8 Nil

Note : Employees and workers complaints include health & working conditions, POSH related complaints. In year 2023 we have taken concrete steps to keep record of such complaints.

26. Overview of the entity’s material responsible business conduct issues

Sl. No. Material issue identified Indicate whether risk or opportunity (R/O) Rationale for identifying the risk/opportunity In case of risk, approach to adapt or mitigate Financial implications of the risk or opportunity (Indicate positive or negative implications)
1. Water Management Risk Water is a primary resource required for Schaeffler India's operations across all the 4 plants. Potential disruptions to waterrelated operations have been captured by the plants during the Risk Assessment exercises. Disruptions have been anticipated any time during the coming 10 years. In 2024, both the Schaeffler India plants in Baroda were affected by local floods, disrupting the operations. Freshwater requirement has been reduced (water intensity) at Schaeffler India's operations due to water management projects like recycling of treated water, RWH etc. Ongoing measures will reduce negative impact to the water resource and the availability of water for communities in the vicinity of the Company's operations. Negative
2. Diversity & Inclusion Risk Firstly, there is an increasing customer expectations that Schaeffler India demonstrates diversity in its workforce. However, the unavailability of skilled women, the challenging operational environment, 24/7 operations etc. makes it difficult to meet the expectations.
Schaeffler India has targets for D&I and is finding it challenging to meet them due to paucity of human resources on the supply side.		 Schaeffler India has complied and achieved the target set by Schaeffler AG for diversity and inclusion, across the leadership band during 2023. This has been done ahead of schedule. In addition, all the employee levels have been assigned a D&I target of 8% by 2025 and Schaeffler India intends to work with the skilling institutes and human resource consultancies to bridge the skills gap. Negative
3. Safety & working conditions Risk The Company's nature of operations has a significant involvement of human resources on the production floor. This means that any mishap could impact a wide segment of Schaeffler India's workforce. Injuries or accidents cause significant financial/non-financial losses to the respective individual, which are not easily reversible.
The chances of safety incidents causing business operational impact is low considering that the work environment does not have exposure to hazardous substances.		 Schaeffler India has established strong controls (both reactive and proactive) to address safety of its workforce, thereby keeping the likelihood of such incidents under control. Additionally, Schaeffler India has a mechanism to conduct a thorough investigation and RCA for any incident, leading to stronger corrective and preventive actions. This further helps in avoiding any such instances in future. Negative
4. Biodiversity Risk Schaeffler India’s operations happen out of facilities that are part of Industrial Parks/Zones, and there are existing clearances from the owning entity to confirm that any Environmental Impact has been assessed before leasing out the premises. The intensity of the risk would be moderate considering that Schaeffler India does not have a direct control on the operations that could cause harm to biodiversity. Schaeffler India is assessing the baseline on biodiversity impact to draw out any action plans to address the biodiversity impact due to its operations, however minimal it may be. Further, Schaeffler India also gathers inputs from its value chain partners regarding the impact of their operations on biodiversity. Negative
5. Energy management Opportunity With the experience that Schaeffler India has had till now, the Company foresees significant opportunity in energy efficiency initiatives. It has already achieved its target of 100% renewable operations during 2024. NA Positive
6. Emissions Management Risk The Company foresees potential risk due to unmet stakeholder expectations on emissions management. Risks also arise due to potential disruptions to supply chain operations, attributable to climate change events. Further, Schaeffler India is dependent on its suppliers (primarily steel), being able to develop greener alternatives through R&D so that the embedded carbon footprint of its own products can be controlled. Schaeffler India has clear agenda of lowering
  1. GHG emissions in own production (Scope 1 and 2 emissions) and
  2. In the supply chain (Scope 3 emissions)
  3. Net Zero CO2 emissions by 2040.
The Company is also constantly looking out for potential sustainable alternatives from its suppliers to avoid emissions at source. 		Negative
7. Human Capital Development Opportunity Schaeffler India certainly foresees its approach to human talent development helping it build new skills, that further helps the Company explore market opportunities in the medium to long-term, that were otherwise unexplored. Ex: Robotics, Digitalization.
This along with its quality products portfolio puts Schaeffler India in a vantage position.		 NA Positive
8. Waste Management Opportunity With established waste management practices in place, Schaeffler India sees an opportunity from managing waste effectively. Schaeffler India has the mechanisms in place, and is generating secondary revenue from discarded waste from operations (used oil, metal scrap). NA Positive
9. Compliance Risk Compliance acts as base for building trust among external stakeholders and also among employees. The recurring nature of compliances and constantly evolving regulations means that there is an increased likelihood of an unintentional miss happening. Non-compliance against regulations will result in relevant penalties. The Company has digitally enabled comprehensive compliance management system. Schaeffler India's established processes and systems ensure that such scenarios do not occur. Negative
10. Data security & Data protection Risk Schaeffler India runs digitised operations through software solutions and automation. This also means that any breach into the existing IT setup could cause significant business disruption. As has happened in multiple instances across the industry, the IT breaches can happen unannounced any time, including the near-term. Schaeffler India's existing IT controls are reviewed regularly to ensure such attempts and attacks are mitigated. These include a robust information security policy based on the ISO/IEC 27001 standard and taking into account sector-specific regulations, monitoring the networks for cyber threats through Security Operations Centre (SOC) to detect and respond to cyber security events, and regular training amongst employees for awareness. Negative
11. Human Rights Risk This encompasses the fundamental rights and freedoms entitled to all individuals. It eliminates child & forced labour, harassment and discrimination and promote respect to individuals throughout their operations and supply chains. Schaeffler India takes a Zero Human Rights violations stance and considers the significant operational and reputational consequences if this is unmet. With the current policies and support mechanisms available to the workforce, the possibility and impact of human rights non-compliances is limited. Our Code of Conduct (COC) contains principles of human rights and fair treatment. The Company is committed to the United Nations’ international code of human rights, the “UN guiding principles on business and human rights”, the ten principles of the “UN Global Compact”, and the internationally-recognised standards of the eight core conventions of the International Labour Organization (ILO). Negative
12. Employees in the value chain Risk Schaeffler India has a large number of vendors on its vendor management system and with each of them being compliant to Schaeffler Procurement Policy, our approach ensures wider impact on social and environmental parameters, including their employee rights. At the same time, any potential divergence by vendors from established vendor norms, in their respective operations, could lead to operational and reputational losses for Schaeffler India too. All the Schaeffler India vendors need to confirm at multiple stages (onboarding and annual assessments) that they have all mechanisms in place to ensure that they zero violations on human rights and labour practices. Schaeffler India also encourages the standout vendors through recognitions and awards. The Company's measures to constantly check and confirm its value chain partners’ alignment with signed targets and commitments through STA, CoC, SAQ etc. bring down the likelihood of the risk. Negative
13. Vendor management Risk Integrated supply chain forms an important part of Schaeffler India's operations. The Company depend on supplier performance to manage its production and delivery to its customers. This significant dependence means that the magnitude of risks due to vendor failures is high. Schaeffler India has established controls and alternative options for its supplier base to ensure it does not have ‘single point of failures’, in case of vendor related challenges. The Company has also established proactive measures to maintain a healthy and positive working relationship with its vendors. It further gathers the pulse of the suppliers through regular surveys and assessments. Negative
14. Product quality & safety Opportunity Schaeffler India's customers value high quality and safe components, since their consumers value these aspects very highly in the automotive segment. Schaeffler India is already known for quality and safety of its products vis-a-vis its peers. This continues to enable strong customer relationships, helping the Company grow and sustain the business. NA Positive
15. Ethics & Transparency Risk Considering the scale of Schaeffler India's business and market footprint across segments, a minor mishap on ethics could cause significant reputational loss and business damage. Schaeffler India's Code of Conduct (COC) contains principles of human rights and fair treatment. The Company is committed to the United Nations’ international code of human rights, the “UN guiding principles on business and human rights”, the ten principles of the “UN Global Compact”, and the internationallyrecognised standards of the eight core conventions of the International Labor Organization (ILO). Schaeffler India's strong controls and safeguards give the confidence that the probability of the risk is extremely remote. Negative
16. Economic performance Opportunity An enhanced business profile, due to strong financial performance, positions Schaeffler India as a strong contender in the market for new/unexplored business. At the same time, the industry's positive growth trajectory requires companies including Schaeffler India, to use significant natural resources. Schaeffler India sees this as an opportunity to evolve sustainable products with lesser carbon footprint, resulting in responsible business offerings. NA Positive
17. Community Engagement Opportunity The opportunity Schaeffler India sees is through the positive impact of its community engagement projects. This helps ensure having a healthy relationship that provides positive momentum to business growth in the region. Considering the timelines associated with realising impacts of the community engagement projects, the opportunity for positive business impact will come in the long-term. NA Positive
18. Transportation & Logistics Risk Considering the disruption a failure in supply chain logistics could cause to operations and market sales, the risk magnitude is noteworthy. The Company observed situations where disruptions in upstream/downstream transport and logistics services due to climate events has occurred in the recent past. Schaeffler India's operations require a diversified supplier base and this means suppliers across geographies. Provisions have also been made to keep track of political events and weather forecasting, and having alternatives during such circumstances. Negative
19. Sustainable product design Opportunity Schaeffler India supplies to large names in automotive space, thereby having wider end-customer footprint. The Company's footprint is significant in the industrial segment too. The interest of Schaeffler India's clients (and potential clients) in low-carbon inputs both components and raw material, is showing an increase in recent times. NA Positive
20. R&D Innovation and Technology Opportunity Schaeffler India's R&D function works in close tandem with the Schaeffler group’s R&D agenda. Considering the comprehensive review process within the Schaeffler group, any innovations coming from R&D go through reviews and receive approvals are market-ready. Further, the potential of innovations launched in the market, to tap into the opportunity is significant. NA Positive
21. Customer Relationship Management Opportunity Considering that multiple factors influence a customer and their business relationship with the Company, Schaeffler India's existing mechanisms to manage and nurture its customer relationships are strong and seasoned. These include open, clear and regular communications with customers regarding important events and progress of company, and regular surveys to know areas where improvement is required. NA Positive

Financial Materiality

Priority Topics

  • B - Energy Management
  • I - Data Security & Data Protection
  • K - Product Quality & Safety
  • G - Diversity & Inclusion
  • J - Safety & Working Conditions
  • N - Sustainable Product Design

Potential Topics

  • A - Waste Management
  • C - Emissions Management
  • D - Water Management
  • E - Transportation & Logistics
  • H - Human Rights
  • L - Ethics & Transparency
  • M - Compliance
  • Q - Customer Relationship Management
  • R - R&D Innovation and Technology
  • S - Human Capital Development
  • T - Vendor Management

Horizon Topics

  • F - Community Engagement
  • O - Economic Performance
  • P - Biodiversity
  • U - Employees in the Value Chain