Steer Engineering Private Limited - Due diligence report

A 360° intelligence report on Steer Engineering: trust score, financial health, credit view, compliance, directors, growth and distress sign…

1993-03-29 Bangalore, Karnataka Active Unlisted Active Compliant
Share
View plans
SE Steer Engineering Private Limited
Full Due-Diligence Report + Documents
  • Unlock all financial figures & 5-year trends
  • Full trust, health & credit-risk scores
  • Director details, charges & MCA documents
₹700 ₹349 50% off New user
Or enjoy up to 50% off with credits View credit packages
Company Credits – Starter
  • One credit unlocks this full due-diligence report
  • Use across any company’s report, anytime
  • Credits valid for 12 months
× ₹700 ₹279 = ₹2,790 60% off
Choose your own credit amount View credit packages

Steer Engineering — 360° Intelligence Report

Generated from MCA filings & public records
86/100
Trust Score
Low Risk

Steer Engineering is assessed as Low Risk with a Trust Score of 86/100. Steer Engineering is an active private limited indian non-government company incorporated in 1993, operating in the Machinery and Equipment sector. The company has shown revenue growth across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a moderate compliance risk and low financial risk profile.

Report generated on 24 Jun 2026 from the latest processed filings. Steer Engineering Private Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Good

Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.

02

Score Card

Higher is safer · rule-based & explainable
Trust ScoreLow Risk
86/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
66/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
60/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
65/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Consolidated · 5 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

Get full access

Scores and observations on this page are already computed from the real filings - only the underlying figures are locked.

04

Credit & Compliance Intelligence

Why the scores are what they are
Credit Risk Score: 60/100 Moderate
  • Liabilities ≈ 38% EBITDA - stretched.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Moderate gearing (D/E 1.42).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.
  • Externally credit-rated (A2).

Charges position: 8 open (133.93 cr) · 9 satisfied (279.09 cr).

Banking relationships (from registered charges)
LenderChargesAmount
State Bank Of India4 48.0 cr
Syndicate Bank1 48.0 cr
Axis Bank Limited1 48.0 cr
Others4 48.0 cr
Yes Bank Limited1 48.0 cr
Citi Bank N.A.1 48.0 cr
Compliance Score: 66/100 Moderate
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2024).
  • Litigation present in 2 court forum(s).
  • Delayed payments to MSME suppliers disclosed (13 disclosure(s)).
  • 3 active GST registration(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 90/100
NameDIN / PANDesignationAppointedTenureDIN status
PADMANABHAN RAMASWAMY 01234567 Director 01/04/2018 6 yrs Approved
BABU PADMANABHAN 01234567 Director 01/04/2018 6 yrs Approved
THOKALAHALLI NARASIMHA HARI 01234567 Director 01/04/2018 6 yrs Approved
SATISH PADMANABHAN 01234567 Director 01/04/2018 6 yrs Approved
SHIVA SUBRAMANIAN 01234567 Director 01/04/2018 6 yrs Approved
Gupta Nitinkumar 01234567 Director 01/04/2018 6 yrs Approved
  • 6 directors on the board.
  • No disqualified or deactivated DINs.
  • 3 director exit(s) in the last 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2024)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2024 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
1
Group entities
3
Capital events
0 allotment(s) · 14 transfer(s)

Promoters hold a dominant controlling stake - exact percentages are part of the full report.

Group entityRelationship% held
Steer America Inc. Subsidiary Company 74.00%
Steer China (global) Limited Subsidiary Company 74.00%
Steer Japan Corporation Subsidiary Company 74.00%
Steerlife India Private Limited Subsidiary Company 74.00%
Steer Information Technologies Private Limited Associate Company 74.00%
Phitons Bioengineering Private Limited Associate Company 74.00%

Key managerial personnel: PADMANABHAN RAMASWAMY (Whole-time director) · BABU PADMANABHAN (Managing Director) · THOKALAHALLI NARASIMHA HARI (Whole-time director) · SATISH PADMANABHAN (Managing Director) · Gupta Nitinkumar (Whole-time director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 65 · Distress 90
Growth signals & trust indicators
Steady revenue growth: +2.1x over 4 year(s).
EPFO headcount growing - hiring signal.
Operating for 33+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
8 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 3.92 cr.
2 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence79/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment72/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 8 open charge(s) of 133.93 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view81/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 2 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
31 Oct 2025
Director appointed
Gupta Nitinkumar (Whole-time director)
06 Jun 2025
Charge satisfied
Others
07 Apr 2025
Director ceased
Gupta Nitinkumar
18 Feb 2025
Charge created
Yes Bank Limited - 10.00 cr
27 Sep 2024
Last AGM held
Annual general meeting
26 Sep 2024
Director ceased
SHIVA SUBRAMANIAN
31 Mar 2024
Share transfer (FY 2024)
500.00000000 shares to Babu Padmanabhan
Share transfer (FY 2024)
5624.00000000 shares to Harini Satish
Share transfer (FY 2024)
500.00000000 shares to STEER Employee Stock Option Plan Tr
Share transfer (FY 2024)
17068.00000000 shares to Harini Satish
Latest balance sheet
Filed with ROC
15 Mar 2024
Director appointed
SHIVA SUBRAMANIAN (Director)
16 Oct 2023
Charge created
Others - 20.00 cr
28 Sep 2023
Director ceased
THOKALAHALLI NARASIMHA HARI
01 Mar 2023
Director appointed
THOKALAHALLI NARASIMHA HARI (Whole-time director)
10

Key Observations

Auto-generated from the data above
Revenue grew 24% over the last 4 financial year(s).
Net profit margin moved from 0.86 to 61%.
Debt-to-equity stands at 38% - manageable leverage.
Net worth is positive.
6 active director(s) / partner(s); board looks stable and experienced.
3 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 1 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of A2 from Icra.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2024 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
9 overseas direct investment(s) (ODI) on record - international footprint.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Macks Surface Treatments Private Limited U99999MH1999PTC118896 Nashik, Maharashtra, India
Stm U29299TZ2014PTC020917 Coimbatore, Tamil Nadu, India
Miracle Cables (India ) Private Limited U31300MH2002PTC136501 Mumbai, Maharashtra, India
Rabwin Industries U72501TZ2000PTC009485 Coimbatore, Tamil Nadu, India
Newage Fire Protection Industries Private Limited U29253MH2010PTC206683 Mumbai, Maharashtra, India
Mazda L29120GJ1990PLC014293 Ahmedabad, Gujarat, India
Pinaka U46620KA2007PTC041340 Banglorenorth, Karnataka, India
Elin Appliances U29300DL2002PTC425099 New Delhi, Delhi, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Steer Engineering before audits and certifications: compliance score 66/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Steer Engineering: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.

Bankers & NBFCs

Current banker verdict: Favourable lending indicators. Credit risk score 60/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 65/100, margin trends, ownership structure and peer set for Steer Engineering - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 86/100, distress signals and MSME payment-delay disclosures - know whether Steer Engineering pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (2 case(s) on record), regulatory flags, charge documents trail and director networks for Steer Engineering - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Steer Engineering an active company?

Steer Engineering has MCA status “Active” with a compliance score of 66/100 (Moderate).

Is Steer Engineering financially healthy?

Steer Engineering has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.

Should I do business with Steer Engineering?

Its overall Trust Score is 86/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Steer Engineering?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 6 active director(s) are on record.

Does Steer Engineering have loans or charges against its assets?

8 open charge(s) are registered against its assets, and 9 earlier charge(s) stand satisfied.

Is Steer Engineering up to date with its ROC filings?

Balance sheet slightly behind (Mar 2024). Overall compliance score: 66/100 (Moderate).

Is it risky to lend to Steer Engineering?

Its Credit Risk Score is 60/100 (Moderate). Banker verdict: Favourable lending indicators.

Disclaimer: This report is generated automatically from MCA filings and public records as available in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice. Verify from official sources and consult a qualified professional before any business, lending or investment decision. If you represent this company and believe any information is inaccurate or outdated, report it here and we will review promptly.