MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-03-0202652
Steer Engineering Private Limited - machinery and equipment in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹226.07 Cr
▲ 33% YoY
Net profit · FY 2024
₹6.08 Cr
Net margin 2.7%
EBITDA · FY 2024
₹19.42 Cr
EBITDA margin 8.6%
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
Provident fund records
About Steer Engineering Private Limited
Data last updated:
Steer Engineering Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the process machinery and industrial equipment segment of the machinery and industrial equipment sector. It was incorporated on 29 March 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72100KA1993PTC015303. Its GSTIN is 29AABCS8840E1Z7 (Karnataka). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹7.1 Cr and a paid-up capital of ₹55.86 Lakh. It is led by directors including Babu Padmanabhan (Managing Director) and Satish Padmanabhan (Managing Director).
Its last annual general meeting (AGM) was held on 27 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 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 ₹226.07 Cr, a growth of 33% compared to the previous year. For the same year it recorded a net profit of ₹6.08 Cr (net margin 2.7%) and EBITDA of ₹19.42 Cr (EBITDA margin 8.6%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 8% over five years.
The company has about 344 employees on its provident fund (EPFO) records.
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.
Steer Engineering Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0202652). 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
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
MSME Classification Medium
Udyam Registration UDYAM-KR-03-0202652
CIN history
Steer Engineering 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 |
Key People
Babu Padmanabhan Managing Director Satish Padmanabhan Managing Director Padmanabhan Ramaswamy Whole-Time Director Recognitions & Rankings of Steer Engineering
Contact details
Steer Engineering Private Limited's registered office is in Bangalore, Karnataka.
- Registered Address290 4th Main 4th Phase Peenya Industrial Area Bangalore, Karnataka, India – 560058
- IndustryMachinery and Equipment, Process Machinery & Industrial Equipment
Comprehensive company report
Steer Engineering Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Steer Engineering operates one associated brand: STEER. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of continuous processing equipment for pharmaceuticals, polymers, and food | steerworld.com |
Business activity
The main business activity of Steer Engineering is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Steer Engineering Private Limited, buy the company report.
Financials of Steer Engineering Private Limited
FY 2024 filings availableSteer Engineering Private Limited reported revenue of ₹226.07 Cr (up 33% YoY) for FY 2024.
Revenue · FY 2024
₹226.07 Cr ▲ 33%
Net profit · FY 2024
₹6.08 Cr margin 2.7%
EBITDA · FY 2024
₹19.42 Cr margin 8.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 33%
3 years · compounded
▲ 13%
5 years · compounded
▲ 8%
EBITDA CAGR growth
3 years · compounded
▲ 8%
5 years · compounded
▲ 14%
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 33% growth in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹226.07 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹19.42 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹6.08 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.6% | ||||
| Net Profit Margin | 2.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Steer Engineering Private Limited, buy the company report.
Board of directors of Steer Engineering Private Limited
Steer Engineering has 6 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Padmanabhan Ramaswamy | Whole-Time Director | 11 Nov 1997 | 28 Years 11 Months | Current |
| Babu Padmanabhan Also directs: Phitons Bioengineering Private Limited, Qli Ventures Private Limited, Geomater Private Limited and 1 more | Managing Director | 23 Apr 1993 | 33 Years 6 Months | Current |
| Thokalahalli Narasimha Hari Also directs: Iimcalcutta Innovation Park | Whole-Time Director | 01 Mar 2023 | 3 Years 7 Months | Current |
| Satish Padmanabhan Also directs: Phitons Bioengineering Private Limited, Geomater Private Limited | Managing Director | 29 Sep 2001 | 25 Years 0 Months | Current |
| Shiva Subramanian Also directs: Gene Express Genkit Distributors LLP, Going Meta Food Labs LLP, Moringa Ingredients LLP and 5 more | Director | 15 Mar 2024 | 2 Years 7 Months | Current |
| Gupta Nitinkumar Also directs: Plastics Machinery Manufacturers Association of India | Whole-Time Director | 31 Oct 2025 | 0 Years 11 Months | Current |
Charges & borrowings
Open charges
₹133.93 Cr
Satisfied charges
₹279.09 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Feb 2025 | 101055975 | Yes Bank Limited | ₹10 Cr | Open | |
| 16 Oct 2023 | 100795528 | Others | ₹20 Cr | Open | |
| 17 Aug 2022 | 100607198 | Others | ₹3 Cr | Open | |
| 25 Feb 2021 | 100426160 | Others | ₹2 Cr | Open | |
| 20 Dec 2018 | 100230131 | Axis Bank Limited | ₹98.86 Cr | Open |
To see the full charge records of Steer Engineering Private Limited, buy the company report.
Total charge records: 17 View all charges
Legal cases
No court or tribunal cases involving Steer Engineering Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Steer Engineering Private Limited was last rated by Icra on 10 Aug 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 10 Aug 2021 |
To see the full credit ratings and regulatory alerts of Steer Engineering Private Limited, buy the company report.
MSME payment delays
Steer Engineering Private Limited has 17 MSME Form 1 returns on record between 2019 and 2024, listing 1,825 overdue payments to 14 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 14)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Flexo Tech Products | |||
| Green Automation System | |||
| Dai-Chi Cooling Solutions Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Steer Engineering Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Steer Engineering has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCS8840E1Z7 | Karnataka | Active | 01 Jul 2017 |
| 29AABCS8840E2Z6 | Karnataka | Active | 26 Mar 2025 |
| 33AABCS8840E1ZI | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Steer Engineering Private Limited, buy the company report.
Recent activity
Steer Engineering Private Limited has 19 board changes on record since 1993: 6 appointments and 13 cessations. The latest: Gupta Nitinkumar was appointed as Whole-Time Director on 31 Oct 2025.
Appointed
Gupta Nitinkumar was appointed as Whole-Time Director.
Charges
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
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
A charge registered on 21 Dec 2018 via Charge ID 100230455 with Others was fully satisfied on 06 Jun 2025.
Ceased
Gupta Nitinkumar ceased to be Additional Director.
Charges
A charge with Yes Bank Limited amounted to Rs. 10.00 Cr with Charge ID 101055975 was registered on 18 Feb 2025.
AGM
Steer Engineering Private Limited last Annual general meeting of members was held on 27 Sep 2024 as per latest MCA records.
Ceased
Shiva Subramanian ceased to be Additional Director.
Charges
A charge with Others of Rs. 20.00 Cr registered on 16 Oct 2023 with Charge ID 100795528 was modified on 29 Jun 2024.
Filing
Steer Engineering Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Appointed
Shiva Subramanian was appointed as Director.
Charges
A charge with Others of Rs. 10.00 Cr registered on 21 Dec 2018 with Charge ID 100230455 was modified on 01 Mar 2024.
48 earlier events are in the company report.
Frequently asked questions
Steer Engineering is an active private limited company based in Bangalore, Karnataka, India. The company works in process machinery and industrial equipment, within the machinery and equipment industry. It was incorporated on 29 March 1993 (33+ years old) and is registered under CIN U72100KA1993PTC015303.
Steer Engineering has 6 current directors:
- Babu Padmanabhan - Managing Director
- Satish Padmanabhan - Managing Director
- Padmanabhan Ramaswamy - Whole-Time Director
- Thokalahalli Narasimha Hari - Whole-Time Director
- Gupta Nitinkumar - Whole-Time Director
- Shiva Subramanian - Director
The latest financial statements of Steer Engineering on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 27 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Steer Engineering is 29AABCS8840E1Z7, registered in Karnataka. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 29AABCS8840E2Z6 (Karnataka), 33AABCS8840E1ZI (Tamil Nadu).
The CIN (Corporate Identification Number) of Steer Engineering is U72100KA1993PTC015303. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Steer Engineering was incorporated on 29 March 1993, making it 33+ years old. It is registered with the Registrar of Companies, Bangalore.
Gupta Nitinkumar was appointed as Whole-Time Director on 31 Oct 2025. Gupta Nitinkumar ceased to be Additional Director on 07 Apr 2025. Shiva Subramanian ceased to be Additional Director on 26 Sep 2024. Steer Engineering has 19 board changes on record in total.
Yes, Steer Engineering is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-03-0202652).
Steer Engineering has 17 MSME Form 1 returns on record between 2019 and 2024, listing 1,825 overdue payments to 14 micro and small suppliers. The latest return was filed on 01 May 2024.
Steer Engineering can be reached through the website steerworld.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Steer Engineering is at 290 4th Main 4th Phase Peenya Industrial Area Bangalore, Karnataka, India – 560058.