About STEERLife
STEERLife is a Healthcare company based in Bengaluru (India) founded in 1993. Drugs and manufacturing equipment are developed by STEERLife. The company has 36 employees. STEERLife was last valued at $160.44 thousand in March 2017. Its chief executive, as recorded, is Indu Bhushan. Its Indian entity Steerlife India Private Limited reported revenue of ₹1.68 Cr. STEERLife offers products and services including Extrusion Equipment and Processing Technologies. Its focus areas include Traditional Pharmaceuticals and Medical Device Outsourcing.
Company details
STEERLife was established in 1993 in Bengaluru, India, focusing on the pharmaceutical sector. Development of drugs and manufacturing equipment is conducted as core operations. The company operates from its base in India, with services extending to equipment production for pharmaceutical applications. Indu Bhushan is designated as CEO and Director, overseeing strategic activities. The domain steerlife.com is utilized for online presence.
- Headquarters Bengaluru, India
- Employees 36
- SectorsHealthcare
- Email••••••••
- Phone•••• ••••
- Website steerlife.com
- Social LinkedIn X Facebook YouTube
- Legal Name Steerlife India Private Limited
- Date of Incorporation 14 Jul, 2015
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹1.68 Cr
FY 2024 · -70% YoY
- Net Loss-₹9.42 Cr
FY 2024 · -560% margin
- EBITDA-₹5.91 Cr
FY 2024 · -351% margin
- Latest Funding Round$629.04K (USD), Unspecified
Dec 2019
- InvestorsVistra ITCL
& 17 more
- Employee Count36
Associated legal entities of STEERLife
STEERLife operates through Steerlife India Private Limited (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Steerlife India Private Limited CIN U24230KA2015PTC081581 | Amalgamated | 14 Jul 2015 | Bangalore, Karnataka | ₹1.7 Cr | 36 | 4 | View details |
Products & Services of STEERLife
STEERLife offers a comprehensive portfolio of products and services, including Extrusion Equipment and Processing Technologies.
Various series of extrusion equipment, such as OMega and mEGA, are utilized for material processing in industries like pharmaceuticals and plastics.
Technologies including Fractional Geometry and Continuous Granulation are employed for enhancing material properties and efficiency in food and waste management.
Apps and channels of STEERLife
its YouTube channel STEER WORLD has 490 subscribers and 30 videos.
Videos from STEERLife
The most watched videos on STEERLife's YouTube channel, STEER WORLD (490 subscribers). Click a video to play it here.
More on STEER WORLD.
Funding Insights of STEERLife
- Total Rounds 2
- Last Round Unspecified — $629,036
- Investors Count 18
All 2 funding rounds of STEERLife with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2019 | $629,036 | Unspecified | – | Ashok Gurudas | |
| Mar 2017 | Unspecified | $160,440 | Vistra ITCL, Padmanabhan R |
Last known valuation $160,440 (Mar 2017). 18 investors in total: 3 institutional and 15 angel.
Investors in STEERLife
STEERLife has secured backing from 18 investors, including angel and institutional investors. Prominent investors backing the company include Vistra ITCL, Prasthavana and Ashok Gurudas.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Financial services including accounting, taxation, GST registration, startup services, and business valuation in India. | 2006 | ledger.in | ||
Potatoes are farmed, grain is marketed, and equipment services are provided in Maine. | 2017 | prasthavana.com | Bengaluru, India | |
Investment management and trustee services for financial instruments are provided. | 1995 | vistraitcl.com | Mumbai, India | |
AG Ashok Gurudas | unknown_2bb80a5b2d5d4947a | |||
NG Narasimhan GS | unknown_029eb8f0b4d542008 | |||
AV Arun Veeraraghavan | unknown_85fd484a57af43f0b | |||
BR Banumathi Ramakrishnan | unknown_277a12e44f3e45ceb | |||
CB Chitra Babu | unknown_741adca8444a4be18 | |||
PE Prema E | unknown_d51cbb4414214eadb | |||
PS Preethi Satish | unknown_da4e6322206c4a3f9 |
Investor details for STEERLife
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Steerlife India Private Limited (STEERLife)
Steerlife India Private Limited is the primary company behind STEERLife. The board of Steerlife India Private Limited currently have 4 directors; the longest-serving is Babu Padmanabhan, appointed in 2015. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Babu Padmanabhan DIN 01077692 | Managing Director | 14 Jul 2015 | 11 yrs 3 mo | Steerlife India Private Limited |
| Himadri Sen DIN 03552235 | Director | 14 Jul 2015 | 11 yrs 3 mo | Steerlife India Private Limited |
| Indu Bhushan DIN 07326116 | Director | 21 Oct 2016 | 10 yrs | Steerlife India Private Limited |
| Dipak Chattaraj DIN 02042517 | Director | 27 Aug 2018 | 8 yrs 2 mo | Steerlife India Private Limited |
People of STEERLife
1 people are tracked at STEERLife (1 in leadership); the tracked headcount is 36.
| Name | Role | Group |
|---|---|---|
| CEO & Director | Leadership |
Complete people profiles for STEERLife
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of STEERLife
Figures of Steerlife India Private Limited, the primary company behind STEERLife, for FY 2024. Revenue was ₹1.68 Cr (-70% year on year). Net loss was -₹9.42 Cr (-560% margin). EBITDA was -₹5.91 Cr (-351% margin). Revenue has grown at a compounded annual rate of -24% over three years and -19% over five years.
- ₹1.68 CrRevenue · FY 2024 · -70% YoY
- -₹9.42 CrNet loss · -560% margin
- -₹5.91 CrEBITDA · -351% margin
- ₹5.55 CrPaid-up capital
- 36Employees (provident fund records)
- -24%Revenue CAGR, 3 years
- -19%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Steerlife India Private Limited are on its company page.
Detailed financial statements for STEERLife
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of STEERLife
3 dated milestones of STEERLife across 26 years, from founding to its latest funding, stage changes and deals.
- Founded STEERLife is founded.
- Funding First funding round.
- Funding Latest funding round, Unspecified, of $629K.
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Related news about Steerlife
Complete news archive for STEERLife
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Frequently Asked Questions about STEERLife
STEERLife was founded in 1993 and raised its 1st funding round 24 years after it was founded.
STEERLife is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Indu Bhushan is the CEO of STEERLife, as recorded in our data.
STEERLife has 36 employees.
The primary company behind STEERLife, Steerlife India Private Limited, reported revenue of ₹1.68 Cr for FY 2024, down 70% year on year.
STEERLife was established in 1993 in Bengaluru, India, focusing on the pharmaceutical sector. Development of drugs and manufacturing equipment is conducted as core operations. The company operates from its base in India, with services extending to equipment production for pharmaceutical applications. Indu Bhushan is designated as CEO and Director, overseeing strategic activities. The domain steerlife.com is utilized for online presence.
STEERLife offers Extrusion Equipment and Processing Technologies.
STEERLife has 18 investors. Key investors include Vistra ITCL, Prasthavana, Ashok Gurudas, Narasimhan GS, and Ledger Services.
The valuation of STEERLife is $160.44K as of Mar 2017.
STEERLife operates through Steerlife India Private Limited.
The legal entities of STEERLife currently have 4 directors, including Dipak Chattaraj, Babu Padmanabhan, Himadri Sen and others.