Steer Engineering Private Limited

Steer Engineering Private Limited - machinery and equipment in Bangalore, Karnataka, India. FY 2026 financials and compliance.
CIN U72100KA1993PTC015303 Incorporated 29 March 1993 ROC Bangalore HQ Bangalore, Karnataka, India
Active Private Limited Company machinery and equipment
Data last updated
Revenue · FY 2024
₹257.43 Cr
▲ 33.00% YoY
EBITDA · FY 2024
Locked
In full report
Net profit · FY 2024
Locked
In full report
Authorised capital
₹7.1 Cr
Registered with MCA
Paid-up capital
₹55.86 Lakh
Issued & subscribed
Open charges
₹133.93 Cr
Satisfied ₹279.09 Cr
Company age
33 yrs
Est. 1993
Employees · EPFO
344
Latest available

About Steer Engineering Private Limited

Data last updated: 23 December 2025

Steer Engineering Private Limited is a private limited company based in Bangalore, Karnataka, India. It specialises in process machinery and industrial equipment, a part of the broader machinery and industrial equipment sector. Incorporated on 29 March 1993, the company has been in operation for over 33 years.

Registered with ROC Bangalore under CIN U72100KA1993PTC015303.

Capital: an authorised share capital of ₹7.1 Cr and a paid-up capital of ₹55.86 Lakh. It is led by directors including Padmanabhan Ramaswamy and Babu Padmanabhan.

Last AGM: 27 September 2024. Financial statements filed for year ended 31 March 2024. Office: 290 4Th Main 4Th Phase Peenya Industrial Area Bangalore, Karnataka, India – 560058.

As per the financials filed for FY 2024, the company reported a revenue of ₹257.43 Cr, a growth of 33% compared to the previous year.

The company has a workforce of approximately 344 employees as per the latest available data.

The company is associated with 1 brand - Steer. As per MCA filings, the company has open charges of ₹133.93 Cr and satisfied charges of ₹279.09 Cr on record.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website steerworld.com.

Company Details of Steer Engineering Private Limited
CIN U72100KA1993PTC015303
Registration Number 015303
Incorporation Date 29 March 1993
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 27 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    Locked
  • Social Media
    Locked
  • Registered Address
    290 4Th Main 4Th Phase Peenya Industrial Area Bangalore, Karnataka, India – 560058
  • Industry
    Machinery and Equipment, Process Machinery & Industrial Equipment
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Financials, compliance, directors, charges, ownership and filings for Steer Engineering Private Limited in one report.

10-year financials Directors & ownership Charges & compliance

CIN History of Steer Engineering Private Limited

Steer Engineering Private Limited has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U72100KA1993PTC015303, which is the unique identifier assigned by the Registrar of Companies.

CIN Status
U72100KA1993PTC015303 Current
U05190KA1993PTC015303 Previous
U05190KA1994PTC015303 Previous

Associated Brands with Steer Engineering Private Limited

Steer Engineering Private Limited operates one associated brand: STEER. These brands represent Steer Engineering Private Limited's diversified market presence and brand portfolio.

Brand Description Website
Manufacturer of continuous processing equipment for pharmaceuticals, polymers, and food steerworld.com

Business Activity of Steer Engineering Private Limited

Steer Engineering Private Limited is engaged in the principal business activity of manufacturing, with detailed activities including electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
C Manufacturing C10 Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment Locked
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Business activity turnover details for Steer Engineering Private Limited

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Board of Directors of Steer Engineering Private Limited

Steer Engineering Private Limited is currently managed by 6 directors, with 13 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Padmanabhan Ramaswamy Whole-Time Director 11 Nov 1997 28 Years 8 Months Current
Babu Padmanabhan Managing Director 23 Apr 1993 33 Years 2 Months Current
Thokalahalli Narasimha Hari Whole-Time Director 01 Mar 2023 3 Years 4 Months Current
Satish Padmanabhan Managing Director 29 Sep 2001 24 Years 9 Months Current
Shiva Subramanian Director 15 Mar 2024 2 Years 4 Months Current
Gupta Nitinkumar Whole-Time Director 31 Oct 2025 0 Years 8 Months Current

Financials of Steer Engineering Private Limited FY 2024 filings available

Steer Engineering Private Limited reported revenue of ₹257.43 Cr (up 33.00% YoY) for FY 2024.

Revenue · FY 2024
₹257.43 Cr ▲ 33.00%
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Ten-year financial statements for Steer Engineering Private Limited

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Charges & Borrowings of Steer Engineering Private Limited

Open charges
₹133.93 Cr
Satisfied charges
₹279.09 Cr
Breakdown by lending institutions
Axis Bank Limited₹98.86 Cr
Others₹25.00 Cr
Yes Bank Limited₹10.00 Cr
Canara Bank₹0.07 Cr
Latest charge details
DateLenderAmountStatus
18 Feb 2025 Yes Bank Limited ₹10 Cr Open
16 Oct 2023 Others ₹20 Cr Open
17 Aug 2022 Others ₹3 Cr Open
25 Feb 2021 Others ₹2 Cr Open
20 Dec 2018 Axis Bank Limited ₹98.86 Cr Open

Total charge records: 17 View all charges

Employees and EPFO Compliance at Steer Engineering Private Limited

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Employee and EPFO history for Steer Engineering Private Limited

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GST Compliance of Steer Engineering Private Limited

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GST registrations and filing compliance for Steer Engineering Private Limited

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Credit Ratings, Litigation & Regulatory Alerts for Steer Engineering Private Limited

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Credit ratings, litigation, and regulatory alerts for Steer Engineering Private Limited

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MSME Payment Delays by Steer Engineering Private Limited

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MSME payment history for Steer Engineering Private Limited

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Subsidiaries & Group Companies of Steer Engineering Private Limited

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Corporate group structure for Steer Engineering Private Limited

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MCA Filings & Documents of Steer Engineering Private Limited

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MCA filings and documents for Steer Engineering Private Limited

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Recent Activity on Steer Engineering Private Limited

Directors
31 Oct 2025
Gupta Nitinkumar was appointed as a Whole-time director on 31 Oct 2025 & has been associated with this company since 8 months 20 days.
Charges
24 Sep 2025
A charge with Axis Bank Limited of Rs. 98.86 Cr registered on 20 Dec 2018 with Charge ID 100230131 was modified on 24 Sep 2025.
Charges
20 Aug 2025
A charge with Yes Bank Limited of Rs. 10.00 Cr registered on 18 Feb 2025 with Charge ID 101055975 was modified on 20 Aug 2025.
Charges
06 Jun 2025
A charge registered on 21 Dec 2018 via Charge ID 100230455 with Others was fully satisfied on 06 Jun 2025.
Charges
18 Feb 2025
A charge with Yes Bank Limited amounted to Rs. 10.00 Cr with Charge ID 101055975 was registered on 18 Feb 2025.
Activity
27 Sep 2024
Steer Engineering Private Limited last Annual general meeting of members was held on 27 Sep 2024 as per latest MCA records.

Recent News on Steer Engineering Private Limited

Frequently Asked Questions about Steer Engineering Private Limited

Steer Engineering Private Limited is an active private limited company in the machinery and equipment sector based in Bangalore, Karnataka, India. It was incorporated on 29 March 1993 (33+ years old) and is registered under CIN U72100KA1993PTC015303. The company has 344 employees.

Steer Engineering Private Limited reported revenue of ₹257.43 Cr for FY 2024 (up 33.00% YoY).

The current directors of Steer Engineering Private Limited are:

The primary industry of Steer Engineering Private Limited is machinery and equipment. The company specifically operates in process machinery and industrial equipment. The company is currently active in this sector.

Steer Engineering Private Limited can be reached at the registered office: 290 4Th Main 4Th Phase Peenya Industrial Area Bangalore, Karnataka, India – 560058, or through the website steerworld.com.

The authorised capital is ₹7.1 Cr, and the paid-up capital is ₹55.86 Lakh.

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