About Steer Information Technologies Private Limited
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Steer Information Technologies Private Limited was a private limited company based in Bangalore, Karnataka, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 26 November 2002.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2002PTC031269. Its GSTIN is 29AAHCS0565N1ZS (Karnataka).
The company had an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It was led by directors Babu Padmanabhan and Satish Padmanabhan.
Its last annual general meeting (AGM) was held on 23 May 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office was at 289 – 299 5th Main Road 4th Phase Peenya Industrial Area, Bangalore, Karnataka, India – 560058.
As per the financials filed for FY 2025, the company reported a revenue of ₹32.27 Lakh, a growth of 44% compared to the previous year. For the same year it recorded a net profit of ₹94,280 (net margin 2.9%) and EBITDA of ₹1.85 Lakh (EBITDA margin 5.7%). Revenue has declined at a compounded annual rate (CAGR) of 6% over three years and 35% over five years.
The company had about 2 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: STEER Information Technologies.
The last known website on record is steerit.net.
Company details
Contact details
Steer Information Technologies Private Limited's registered office is in Bangalore, Karnataka. Its website is steerit.net. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address289 – 299 5th Main Road 4th Phase Peenya Industrial Area, Bangalore, Karnataka, India – 560058
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Steer Information Technologies Private Limited, buy the company report.
- 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
Brands
Steer Information Technologies operates one associated brand: STEER Information Technologies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers comprehensive software solutions. | steerit.net |
Business activity
The main business activity of Steer Information Technologies is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Steer Information Technologies Private Limited, buy the company report.
Financials of Steer Information Technologies Private Limited
FY 2025 filings availableSteer Information Technologies Private Limited reported revenue of ₹32.27 Lakh (up 44% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 44% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 35%. EBITDA rose 129% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹1.85 Lakh | ||||
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| Net Profit (PAT) | ₹94,280 | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 5.7% | ||||
| Net Profit Margin | 2.9% | ||||
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To see the full financial statements and ratios of Steer Information Technologies Private Limited, buy the company report.
Board of directors of Steer Information Technologies Private Limited
Steer Information Technologies has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Babu Padmanabhan Also directs: Geomater Private Limited, Phitons Bioengineering Private Limited, Sustainable Innovative Materials Private Limited and 2 more | Director | 29 Nov 2002 | 23 Years 11 Months | As last reported |
| Satish Padmanabhan | Director | 25 Aug 2005 | 21 Years 2 Months | As last reported |
Auditor
Steer Information Technologies Private Limited is audited by Maheshwari & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Maheshwari & Associates | FY 2023 | 311008E |
Shareholding
The shareholding of Steer Information Technologies Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Steer Information Technologies Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Steer Information Technologies Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Steer Information Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Steer Information Technologies Private Limited has a workforce of 2 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
GST
Steer Information Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAHCS0565N1ZS | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Steer Information Technologies Private Limited, buy the company report.
Recent activity
Steer Information Technologies Private Limited has 4 board changes on record since 2002: 2 appointments and 2 cessations. The latest: Gita Iyengar ceased to be Director on 02 Aug 2024.
Frequently asked questions
Steer Information Technologies has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Steer Information Technologies was a private limited company based in Bangalore, Karnataka, India. The company worked in application development and software solutions, within the information technology industry. It was incorporated on 26 November 2002 and is registered under CIN U72900KA2002PTC031269. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Steer Information Technologies was incorporated on 26 November 2002. It is registered with the Registrar of Companies, Bangalore.
Steer Information Technologies had 2 directors:
- Babu Padmanabhan - Director
- Satish Padmanabhan - Director
The CIN (Corporate Identification Number) of Steer Information Technologies is U72900KA2002PTC031269. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Steer Information Technologies is at 289 – 299 5th Main Road 4th Phase Peenya Industrial Area, Bangalore, Karnataka, India – 560058.
Steer Information Technologies can be reached through the website steerit.net. Its registered office is in Bangalore, Karnataka, India.
The latest financial statements of Steer Information Technologies on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 23 May 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Steer Information Technologies is 29AAHCS0565N1ZS, registered in Karnataka.
Steer Information Technologies operated in the information technology industry, in the application development and software solutions segment.
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