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Novelis
4.8
based on 2 Reviews
About Novelis
Founded in--
India Employee Count--
Global Employee Count--
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Websitenovelis.com
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Novelis Ratings
based on 2 reviews
Overall Rating
4.8/5
How AmbitionBox ratings work?
5
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4
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3
0
2
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Category Ratings
5.0
Company culture
5.0
Work satisfaction
4.8
Job security
4.8
Salary
4.8
Work-life balance
4.8
Skill development
3.2
Promotions
Novelis is rated 4.8 out of 5 stars on AmbitionBox, based on 2 company reviews. This rating reflects a generally positive employee experience, indicating satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
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Compare Novelis with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 4.8/5 based on 2 reviews | 3.7/5 based on 86.2k reviews | 3.7/5 based on 51.2k reviews | 3.9/5 based on 54k reviews |
Highly Rated for | Company culture Work satisfaction Skill development | Job security Work-life balance | Job security | Skill development Job security Company culture |
Critically Rated for | Promotions | Promotions Salary | Promotions Salary | Promotions |
Primary Work Policy | - | Work from office 80% employees reported | Hybrid 60% employees reported | Hybrid 72% employees reported |
Rating by Women Employees | - no rating available | 3.8 Good rated by 24.9k women | 3.8 Good rated by 14.6k women | 3.9 Good rated by 20.1k women |
Rating by Men Employees | - no rating available | 3.7 Good rated by 56.1k men | 3.7 Good rated by 34.1k men | 3.8 Good rated by 31.3k men |
Job security | 4.8 Excellent | 4.5 Good | 3.8 Good | 3.8 Good |
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Novelis Salaries
4.8
rated by 2 employees for salariesSoftware Engineering Consultant
(2 salaries)
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₹25.2 L/yr - ₹32.2 L/yr
Process & Production Engineer
(1 salaries)
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₹9.5 L/yr - ₹12.2 L/yr
Executive Engineer
(1 salaries)
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₹2.7 L/yr - ₹3.5 L/yr
Supervisor
(1 salaries)
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₹0.9 L/yr - ₹1.2 L/yr
Project Engineer
(1 salaries)
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₹3.5 L/yr - ₹4.5 L/yr
Technical Manager
(1 salaries)
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₹19.8 L/yr - ₹25.3 L/yr
Electrical Engineer
(1 salaries)
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₹6.4 L/yr - ₹8.2 L/yr
Software Developer
(1 salaries)
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₹4.1 L/yr - ₹5.2 L/yr
Principal
(1 salaries)
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₹2.9 L/yr - ₹3.7 L/yr
Business Development Manager
(1 salaries)
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₹0.2 L/yr - ₹0.2 L/yr
Novelis News
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Novelis raises $750 million through senior notes offering, exceeds initial target
- Novelis, a subsidiary of Hindalco Industries Limited, has raised $750 million through a senior notes offering.
- The proceeds will be used to repay outstanding borrowings and for general corporate purposes.
- The offering is expected to close on January 13, 2025, subject to closing conditions.
- Novelis operates globally, providing aluminium products and solutions to various industries.
HinduBusinessLine | 9 Jan, 2025
Hindalco Industries Arm Novelis Announces Senior Notes Offering
- Novelis, a subsidiary of Hindalco Industries, is proposing to offer $500 million senior unsecured notes due 2030 in a private offering.
- The net proceeds from the offering will be used to repay $491 million of outstanding borrowings and for general corporate purposes.
- The notes and guarantees will not be registered under the Securities Act and will not be offered or sold within the US.
- Hindalco Industries' stock closed 0.37% higher at Rs 586.65 apiece on the NSE.
Bloomberg Quint | 8 Jan, 2025
GCHRO, Yokohama Off-Highway Tires, moves on after nearly 2 years
- Amit Chincholikar, the global chief human resources officer (GCHRO) at Yokohama Off-Highway Tires, has decided to move on after nearly 2 years.
- Chincholikar, a Tata veteran, had previously served as global CHRO at Tata Consumer Products (TCP) before joining Yokohama Off-Highway Tires.
- During his 25-year career, Chincholikar held prominent positions at organizations such as Mercer, Universal Music, Aditya Birla Group, Novelis, and Tata Sons.
- Although Chincholikar has not revealed his future plans, his extensive experience in HR strategy and global HR verticals suggests he will excel in his next endeavor.
HRKatha | 2 Jan, 2025
Hindalco Q2 net up 78 pc on lower cost, better realisation
- Hindalco Industries reported a 78% increase in net profit for Q2 due to lower costs and better realisation.
- The company plans to invest $4-5 billion in new projects, including aluminium and copper smelters, alumina refinery, and copper recycling plant.
- Hindalco expects challenges for Novelis in the coming quarters due to shrinking aluminium spreads.
- The company will reconsider the IPO plans for Novelis after completing the Bay Minette project and improving scrap spreads.
HinduBusinessLine | 12 Nov, 2024
Hindalco expected to report 65% rise in Q2 profit on lower cost
- Hindalco is expected to report a 65% rise in Q2 profit on lower cost.
- Revenue is projected to increase by 6% to ₹57,704 crore.
- EBITDA is anticipated to rise by 26% to ₹7,092 crore.
- Novelis, Hindalco's subsidiary, reported a net income of $128 million for the quarter.
HinduBusinessLine | 11 Nov, 2024
Hindalco to report 65% rise in Q2 profit on lower cost
- Hindalco is expected to report a 65% rise in Q2 profit, driven by lower costs.
- Revenue is expected to increase by 6% to ₹57,704 crore.
- EBITDA may increase by 26% to ₹7,092 crore.
- Novelis, a subsidiary of Hindalco, reported a net income of $128 million for the quarter.
HinduBusinessLine | 11 Nov, 2024
Nifty, Sensex Snap Two–Day Rally As Focus Shifts To Fed-Rate Decision: Market Wrap
- The NSE Nifty 50 and the BSE Sensex snapped a two–day rally and settled over 1% lower on Thursday, tracking losses in ICICI Bank Ltd. and Reliance Industries Ltd.
- During the session, Trent Ltd.'s share price slumped over 9% after delivering weaker-than-expected earnings for July–September period.
- Hindalco Industries Ltd. share price declined to over a one-month low as it slumped over 8% due to concerns about Novelis' weak earnings.
- All the 21 sectoral indices on the BSE ended lower, with Metal falling the most.
Bloomberg Quint | 7 Nov, 2024
Hindalco Arm Novelis Q2 Results Review - Scrap Concerns Weigh; Downgrade To 'Add': ICICI Securities
- ICICI Securities downgrades Hindalco Arm Novelis to 'Add' due to scrap concerns weighing on Q2 results.
- Brokerage expects near-term concerns to impact stock performance.
Bloomberg Quint | 7 Nov, 2024
Novelis' Weak Earnings Raise Concerns For Hindalco Ahead Of Q2 Results
- Novelis, the international subsidiary of Hindalco Industries, reported weak second-quarter results, raising concerns for Hindalco's upcoming Q2 results.
- Novelis accounted for 61% of Hindalco Industries' total revenues and 56% of its total Ebitda as of fiscal 2024.
- Novelis' Q2 results showed a 5% increase in net sales, a 5% decrease in adjusted Ebitda, and an 18% decrease in net profit.
- Novelis suspended its near-term adjusted Ebitda per tonne guidance, citing rising aluminum prices and intensified competition for scrap aluminum.
Bloomberg Quint | 7 Nov, 2024
Hindalco-Arm Novelis Q2 Profit Declines 18% To $128 Million
- Net income of Hindalco-Arm Novelis declined 18% to $128 million in Q2 of FY 2024-25.
- Net sales of Novelis for the second quarter rose 4.5% to $4,295 million.
- Higher average aluminium prices and a one percent rise in total flat rolled product shipments contributed to the increase in sales.
- Novelis remains focused on managing the balance sheet and navigating shifting market dynamics.
Bloomberg Quint | 6 Nov, 2024
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Novelis FAQs
What are the pros and cons of working in Novelis?
Working at Novelis comes with several advantages and disadvantages. It is highly rated for company culture, work satisfaction and job security. However, it is poorly rated for promotions / appraisal, based on 2 employee reviews on AmbitionBox.
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