Ace Osteomedica Tool Room Engineer Salaries by 4 Employees

10 - 14 years exp.

₹3.7 Lakhs - ₹4.7 Lakhs

Avg. annual salary

Monthly In-hand Salary

13% more than the average Tool Room Engineer Salary for 10 - 14 years of experience

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Last Updated: 1 May 2023

Companies similar to Ace Osteomedica for Tool Room Engineer

Company name	Avg Annual Salary	Open Jobs
Larsen & Toubro Limited Tool Room Engineer Salary 0 - 6 years exp. (13 salaries)	₹2.1 L/yr - ₹2.3 L/yr 47% less
Shaily Engineering Plastics Ltd Tool Room Engineer Salary 3 - 8 years exp. (47 salaries)	₹2.5 L/yr - ₹5 L/yr 5% less
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Motherson Automotive Technologies and Engineering Tool Room Engineer Salary 1 - 9 years exp. (47 salaries)	₹2 L/yr - ₹7.2 L/yr 5% less
Varroc Group Tool Room Engineer Salary 2 - 8 years exp. (42 salaries)	₹2.7 L/yr - ₹5.1 L/yr 9% less
Force Motors Tool Room Engineer Salary 1 - 8 years exp. (35 salaries)	₹1.4 L/yr - ₹8 L/yr 3% less

Tool Room Engineer salary at Ace Osteomedica ranges between ₹3.7 Lakhs to ₹4.7 Lakhs per year for employees with experience between 10 years to 14 years. Salary estimates are based on 4 latest salaries received from various employees of Ace Osteomedica.

Experience wise Ace Osteomedica Tool Room Engineer salaries

Last Updated: 1 May 2023

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.7 L/yr
12 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.7 L/yr
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13 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.7 L/yr
14 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.7 L/yr

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Ace Osteomedica Tool Room Engineer Salary FAQs

What is the salary of Tool Room Engineer at Ace Osteomedica ?

The average salary of a Tool Room Engineer at Ace Osteomedica in India typically ranges from ₹3.7 Lakhs to ₹4.7 Lakhs per year, depending on experience (from 10 years to 14 years).

The top 10% of Tool Room Engineer at Ace Osteomedica earn more than ₹4.1 Lakhs per year, and the top 1% earn over ₹4.1 Lakhs per year. Tool Room Engineer Salaries at Ace Osteomedica can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 4 Ace Osteomedica employees in India.

What is the estimated take home salary of a Tool Room Engineer at Ace Osteomedica in India?

The estimated take-home salary of a Tool Room Engineer at Ace Osteomedica in India typically ranges from ₹30,334 to ₹31,643 per month. This is based on the average salary range of ₹3.7 Lakhs to ₹4.7 Lakhs per year for employees with experience ranging from 10 years to 14 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 4 salaries received from various employees of Ace Osteomedica. Check how we calculate in-hand salary with our in-hand salary calculator.

What is the salary of a Tool Room Engineer in companies similar to Ace Osteomedica in India?

The salary of a Tool Room Engineer at companies similar to Ace Osteomedica in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Force Motors	₹1.4 Lakhs to ₹8.0 Lakhs per year
Motherson Automotive Technologies and Engineering	₹2.0 Lakhs to ₹7.2 Lakhs per year
Shaily Engineering Plastics Ltd	₹2.5 Lakhs to ₹5.0 Lakhs per year
Varroc Group	₹2.7 Lakhs to ₹5.1 Lakhs per year
Larsen & Toubro Limited	₹2.1 Lakhs to ₹2.3 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Tool Room Engineer at Ace Osteomedica in India?

The salary growth for a Tool Room Engineer at Ace Osteomedica depends on factors such as experience, performance, and promotions. On average, a Tool Room Engineer can expect the following growth trajectory at Ace Osteomedica:

Experience	Average Salary Range
10 years	₹3.7 Lakhs to ₹4.7 Lakhs per year
12 years	₹3.7 Lakhs to ₹4.7 Lakhs per year
13 years	₹3.7 Lakhs to ₹4.7 Lakhs per year
14 years	₹3.7 Lakhs to ₹4.7 Lakhs per year

and so on.

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Ace Osteomedica Tool Room Engineer Salaries

Ace Osteomedica Tool Room Engineer salary in India ranges between ₹3.7 Lakhs to ₹4.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Ace Osteomedica latest salaries received from various employees of Ace Osteomedica.