Steer Engineering Private Limited - Company Profile

It is a machinery and equipment private limited company based in Bangalore, Karnataka, India, established in 1993.

1993 Bangalore, Karnataka, India Active

Last Updated: December 23, 2025

About Steer Engineering Private Limited

Steer Engineering Private Limited, a active private limited company, was established on 29 March 1993 in Bangalore, Karnataka, India. Engaging in process machinery & industrial equipment within the manufacturing sector, it holds CIN: U72100KA1993PTC015303. Registered under ROC Roc Bangalore. it is unlisted. It has an authorized capital of ₹7.10 Cr and a paid-up capital of ₹5.59 M.

It upholds a compliant status. Employing 344 professional, Its leadership includes Padmanabhan Ramaswamy (Whole-Time Director), Babu Padmanabhan (Managing Director), Thokalahalli Narasimha Hari (Whole-Time Director). Past directors included Satish Preethi, Rangaswamy Srinivas Iyengar, Subba Padubidri Bangera. It holds ₹133.93 Cr open charges and ₹279.09 Cr settled loans. Its latest AGM occurred on 27 September 2024, with the balance sheet filed on 31 March 2024. It is based at 290, 4Th Main, 4Th Phase,Peenya Industrial Area, Bangalore, Bangalore, Karnataka, 560058.

Company Details

CIN/LLPIN
U72100KA1993PTC015303
Registration Number
015303
Incorporation Date
29 March 1993
Authorized Capital
₹7.10 Cr
Paid-Up Capital
₹5.59 M
ROC Code
Roc Bangalore
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 7.10 Cr as on 23-12-2025
Paid Up Capital ₹ 5.59 M as on 23-12-2025
Company Age 33 Year, 1 Month
Last Filing with ROC 31 Mar 2024
Open Charges ₹ 133.93 Cr as on 23-12-2025
Satisfied Charges ₹ 279.09 Cr as on 23-12-2025

Comprehensive Company Insights

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Who are the key members and board of directors at Steer Engineering Private Limited?

Current Directors

Name	Designation	Appointment Date	Status
Padmanabhan Ramaswamy	Whole-Time Director	11 Nov 1997	Current
Babu Padmanabhan	Managing Director	23 Apr 1993	Current
Thokalahalli Narasimha Hari	Whole-Time Director	01 Mar 2023	Current
Satish Padmanabhan	Managing Director	29 Sep 2001	Current
Shiva Subramanian	Director	15 Mar 2024	Current
Gupta Nitinkumar	Whole-Time Director	31 Oct 2025	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	30 Nov 2021	Past
Pramod Abcsdd	Director	31 Mar 2010	Past
Pramod Abcsdd	Additional Director	29 Sep 2018	Past
Pramod Abcsdd	Additional Director	30 Nov 2021	Past
Pramod Abcsdd	Director	31 Mar 2010	Past
Pramod Abcsdd	Additional Director	28 Sep 2023	Past

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Financial Performance of Steer Engineering.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

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(FY 2020)

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Total Revenue

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EBITDA

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What is the Ownership and Shareholding Structure of Steer Engineering?

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Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹1,339,300,000.00

Satisfied Charges

₹2,790,920,120.00

Charges 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

Date	Lender	Amount	Status
18 Feb 2025	Yes Bank Limited	₹10.00 Cr	Open
16 Oct 2023	Others	₹20.00 Cr	Open
17 Aug 2022	Others	₹3.00 Cr	Open
25 Feb 2021	Others	₹2.00 Cr	Open
20 Dec 2018	Axis Bank Limited	₹98.86 Cr	Open

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How Many Employees Work at Steer Engineering?

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Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

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Rating

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Alerts

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Latest Updates, News, and FAQs on Steer Engineering

Recent Activity within the Organization

Director Appointment

Gupta Nitinkumar was appointed as a Whole-time director was appointed as a Whole-time director on 31 Oct 2025 & has been associated with this company since 6 months 1 day . was recorded as a recent event.
31 Oct 2025
Charges

The activity 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. was completed.
24 Sep 2025
Charges

Progress on 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. was documented.
20 Aug 2025
Charges

A charge registered on 21 Dec 2018 via Charge ID 100230455 with Others was fully satisfied on 06 Jun 2025. was recorded as a recent event.
06 Jun 2025
Charges

Progress on A charge with Yes Bank Limited amounted to Rs. 10.00 Cr with Charge ID 101055975 was registered on 18 Feb 2025. was documented.
18 Feb 2025
Annual General Meeting

The activity Steer Engineering Private Limited last Annual general meeting of members was held on 27 Sep 2024 as per latest MCA records. was completed.
27 Sep 2024

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