Company Overview
STEER World, founded in 1993 by Dr. Babu Padmanabhan, is a leading global entity in the manufacturing and technology sectors. Headquartered in Bangalore, India, the company excels in advanced materials platform technology. This technology revolutionizes materials across diverse sectors such as plastics, pharmaceuticals, food and nutraceuticals, as well as biomaterials and biorefining. STEER World is recognized as a pioneer, fostering innovation and sustainability in these industries.
Leadership
Key Leadership
- Dr. Babu Padmanabhan: Co-Founder & Group Managing Director. He spearheads STEER's innovative strategies and technological advancements, including the pioneering Fractional Geometry Technology.
- Satish Padmanabhan: Co-Founder & Group Joint Managing Director. With over 30 years of experience, he oversees corporate services and strategic business development.
- Nitin Gupta: CEO. He brings extensive experience in sales and business development, boosting STEER’s market reach and customer engagement strategies.
- Ajay Bhasin: Group CHRO (appointed in April 2024). Ajay aims to enhance the company's human capital development through his wealth of experience in human resources management.
Products and Technologies
STEER World has developed a comprehensive portfolio of innovative products and technologies:
- Rotating Twin Screw Extruders: Critical for transforming and functionalizing materials.
- Pharmaceutical Innovations: Featuring Continuous Granulation and Drug Product Manufacturing technologies.
- Sustainable Materials Solutions: Innovations like UnWood address plastic waste challenges.
- Specialized Equipment Series: Includes the OMega, mEGA, TITAN, aLPHA, Lab, ηeti, and SAFEReCYCLER Series, all catering to varied industrial applications.
Core Capabilities
STEER World leverages extensive capabilities in:
- R&D, Design, and Engineering: Focused on optimizing precision and efficiency in manufacturing and automation.
- Metallurgy and Material Science: Key for driving sustainability and innovative product development.
Sustainability Commitment
STEER World is committed to sustainability with the mission "Regenerating Planet Transforming Lives." Their continuous processing technologies and waste management solutions significantly contribute to the circular economy.
Contact Information
- Address: #290, 4th Main, 4th Phase, Peenya Industrial Area, Bangalore 560058, India
- Phone: +91-80-42723300
- Email: info@steerworld.com
- Website: [steerworld.com](https://steerworld.com/)
Competitor Overview
STEER World, based in Karnataka, India, operates in the machinery manufacturing industry with a focus on advanced extrusion technology. Despite its established market presence and dedicated team, STEER faces competition from notable entities including Rajoo Bausano Extrusion, Vrundavan Plastic Engineering Works, and Sai Machine Tools Pvt. Ltd.
Key Competitors
Rajoo Bausano Extrusion Pvt. Ltd.
- Background: A joint venture between Rajoo Engineers Ltd. and Bausano & Figli SpA, Italy, specializing in plastic extrusion machines. Established in 2011, the company is based in Gujarat, India, and serves markets in Africa, the Gulf, and SAARC countries with a workforce of 201-500 employees.
- Product Range: It offers advanced pipe and profile extrusion lines and specializes in wood plastic composite manufacturing. The E-GO series of extruders highlight their energy efficiency and productivity.
- Strategic Insights: Known for innovation and high-quality standards, ensuring strong market positioning through customer satisfaction and technological partnerships.
Vrundavan Plastic Engineering Works
- Background: Established approximately 20 years ago and headquartered in Ahmedabad, Gujarat, India. It specializes in plastic machinery and blown film plant manufacturing for both domestic and international clients.
- Product Range: Offers comprehensive extruders and ancillary plastic processing equipment, gaining a reputation for single and twin-screw extruders.
- Strategic Insights: Emphasizes turnkey solutions and boasts advanced infrastructure with an in-house R&D unit for customized machinery development.
Sai Machine Tools Pvt. Ltd.
- Background: Operating since 1988 from Indore, this company is Central India's largest plastic processing machinery manufacturer, focused significantly on exports.
- Product Range: Includes machinery for RPVC pipes and profiles, HDPE, LLDPE pipes, and innovative extrusion equipment for drip irrigation.
- Strategic Insights: Known for quality and customer-centricity, backed by ISO 9000:2001 accreditation. It places a strong emphasis on R&D to adapt to evolving market needs.
Competitive Analysis
STEER World’s competitive landscape features robust players with strengths in advanced technology, diverse product portfolios, and strategic market positioning. Competitors leverage global partnerships and specialized expertise for a competitive edge. For STEER World to maintain its leadership, enhancing technological offerings, fortifying client relationships, and pursuing strategic partnerships or expansions are vital.