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Permanent Magnets
4.2
based on 44 Reviews
Company Overview
Company Locations
Working at Permanent Magnets
Company Summary
Specializes in producing alnico cast magnets and components for electricity meters, addressing the needs of the magnetics sector.
Overall Rating
4.2/5
based on 44 reviews
8% above
industry average
Highly rated for
Job security, Company culture, Skill development
Work Policy
Alternate Saturday off
61% employees reported
Strict timing
71% employees reported
No travel
52% employees reported
Day shift
100% employees reported
View detailed work policy
Top Employees Benefits
Office cab/shuttle
4 employees reported
Health insurance
3 employees reported
Job/Soft skill training
2 employees reported
View detailed benefits
About Permanent Magnets
Founded in1960 (65 yrs old)
India Employee Count51-200
Global Employee Count--
India HeadquartersMumbai, Maharashtra, India
Office Locations
--
Websitepmlindia.com
Primary Industry
Other Industries
--
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Permanent Magnets Limited is engaged in manufacturing of alnico cast magnets and yoke assemblies, and parts and accessories of electricity meters. The Company operates in magnetics and its applications segment.
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Permanent Magnets Ratings
based on 44 reviews
Overall Rating
4.2/5
How AmbitionBox ratings work?
5
21
4
15
3
7
2
1
1
0
Category Ratings
4.1
Job security
4.0
Company culture
4.0
Skill development
3.9
Work-life balance
3.6
Salary
3.6
Work satisfaction
3.5
Promotions
Permanent Magnets is rated 4.2 out of 5 stars on AmbitionBox, based on 44 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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Permanent Magnets Reviews
Top mentions in Permanent Magnets Reviews
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Compare Permanent Magnets with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 4.2/5 based on 44 reviews | 3.8/5 based on 868 reviews | 4.0/5 based on 943 reviews | 4.2/5 based on 3.1k reviews |
Highly Rated for | Job security Skill development Company culture | Salary | Salary Job security Work-life balance | Job security Skill development Work-life balance |
Critically Rated for | No critically rated category | Work-life balance Company culture Promotions | No critically rated category | No critically rated category |
Primary Work Policy | - | Work from office 85% employees reported | Work from office 81% employees reported | Work from office 82% employees reported |
Rating by Women Employees | 4.3 Good rated by 11 women | 3.7 Good rated by 93 women | 3.9 Good rated by 4 women | 4.1 Good rated by 193 women |
Rating by Men Employees | 4.2 Good rated by 30 men | 3.8 Good rated by 708 men | 4.0 Good rated by 919 men | 4.2 Good rated by 2.7k men |
Job security | 4.1 Good | 3.4 Average | 3.9 Good | 4.4 Good |
View more
Permanent Magnets Salaries
Permanent Magnets salaries have received with an average score of 3.6 out of 5 by 44 employees.
Development Engineer
(26 salaries)
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₹2.1 L/yr - ₹8 L/yr
Production Engineer
(22 salaries)
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₹2.2 L/yr - ₹6 L/yr
Senior Development Engineer
(7 salaries)
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₹4 L/yr - ₹6.7 L/yr
Quality Engineer
(7 salaries)
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₹2.8 L/yr - ₹4.5 L/yr
Product Development Engineer
(6 salaries)
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₹3 L/yr - ₹6.4 L/yr
Design & Development Engineer
(5 salaries)
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₹3.2 L/yr - ₹4.4 L/yr
Marketing Assistant
(5 salaries)
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₹1.9 L/yr - ₹3.6 L/yr
Senior Production Engineer
(5 salaries)
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₹5.2 L/yr - ₹6.5 L/yr
QA Engineer
(4 salaries)
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₹2.5 L/yr - ₹5 L/yr
R&D Engineer
(4 salaries)
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₹3 L/yr - ₹8.5 L/yr
Permanent Magnets Offices
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3.7
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3.9
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3.7
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3.8
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4.1
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3.8
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3.6
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4.0
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4.1
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4.1
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3.9
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2.7
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4.2
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4.3
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3.6
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3.3
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3.0
Welcast Steels
4.4
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Permanent Magnets FAQs
When was Permanent Magnets founded?
Permanent Magnets was founded in 1960. The company has been operating for 65 years primarily in the Metals & Mining sector.
Where is the Permanent Magnets headquarters located?
Permanent Magnets is headquartered in Mumbai, Maharashtra.
How many employees does Permanent Magnets have in India?
Permanent Magnets currently has approximately 100+ employees in India.
Does Permanent Magnets have good work-life balance?
Permanent Magnets has a Work-Life Balance Rating of 3.9 out of 5 based on 40+ employee reviews on AmbitionBox. 82% employees rated Permanent Magnets 4 or above, while 18% employees rated it 3 or below on work-life balance. This indicates that the majority of employees feel a generally balanced work-life experience, with some opportunities for improvement based on the feedback. We encourage you to read Permanent Magnets reviews for more details
Is Permanent Magnets good for career growth?
Career growth at Permanent Magnets is rated fairly well, with a promotions and appraisal rating of 3.5. 82% employees rated Permanent Magnets 4 or above, while 18% employees rated it 3 or below on promotions/appraisal. Though the sentiment is mixed for career growth, majority employees have rated it positively. We recommend reading Permanent Magnets reviews for more detailed insights.
What are the pros of working in Permanent Magnets?
Working at Permanent Magnets offers several advantages that make it an appealing place for employees. The company is highly rated for job security, company culture and skill development, based on 40+ employee reviews on AmbitionBox.
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