Apex Tool Group Kolhapur Design Engineer Salaries by 4 Employees

2 - 4 years exp.

₹2.6 Lakhs - ₹3.1 Lakhs

Avg. annual salary

Monthly In-hand Salary

44% less than the average Design Engineer Salary for 2 - 4 years of experience

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Salaries in different departments

Research & Development Design Engineer Salary 2 - 4 years exp. (3 salaries)	₹2.6 L/yr - ₹3.1 L/yr
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UX, Design & Architecture Design Engineer Salary 4 years exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.3 L/yr

Last Updated: 29 May 2024

Companies similar to Apex Tool Group for Design Engineer in Kolhapur

Apex Tool Group Design Engineer Salary

2 - 4 years exp. (4 salaries)

₹2.6 L/yr - ₹3.1 L/yr

Company name	Avg Annual Salary	Open Jobs
Ghatge Patil Industries Design Engineer Salary 0 - 5 years exp. (24 salaries)	₹2 L/yr - ₹3.6 L/yr 12% less
Ideametrics Design Engineer Salary 0 - 3 years exp. (12 salaries)	₹1 L/yr - ₹4.5 L/yr 25% less	1 job opening
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Elcom Design Engineer Salary 1 - 6 years exp. (10 salaries)	₹0.7 L/yr - ₹3.5 L/yr 15% less
Kirloskar Brothers Design Engineer Salary 0 - 7 years exp. (10 salaries)	₹2.2 L/yr - ₹4.5 L/yr 13% more
Mantri Metallics Design Engineer Salary 1 - 5 years exp. (9 salaries)	₹1.7 L/yr - ₹3.5 L/yr 9% more

Design Engineer salary at Apex Tool Group ranges between ₹2.6 Lakhs to ₹3.1 Lakhs per year for employees with experience between 2 years to 4 years. Salary estimates are based on 4 latest salaries received from various employees of Apex Tool Group.

Experience wise Apex Tool Group Design Engineer salaries in Kolhapur

Last Updated: 29 May 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹3 L/yr
3 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹3 L/yr
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4 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr

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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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Apex Tool Group Design Engineer Salary FAQs

What is the salary of Design Engineer at Apex Tool Group in Kolhapur?

The average salary of a Design Engineer at Apex Tool Group in Kolhapur typically ranges from ₹2.6 Lakhs to ₹3.1 Lakhs per year, depending on experience (from 2 years to 4 years).

The top 10% of Design Engineer in Kolhapur at Apex Tool Group earn more than ₹3.1 Lakhs per year, and the top 1% earn over ₹3.1 Lakhs per year. Design Engineer Salaries at Apex Tool Group 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 Apex Tool Group employees in India.

What is the estimated take home salary of a Design Engineer at Apex Tool Group in Kolhapur?

The estimated take-home salary of a Design Engineer at Apex Tool Group in Kolhapur typically ranges from ₹20,092 to ₹21,754 per month. This is based on the average salary range of ₹2.6 Lakhs to ₹3.1 Lakhs per year for employees with experience ranging from 2 years to 4 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 Apex Tool Group. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Apex Tool Group for Design Engineer in India?

Kirloskar Brothers	₹2.2 Lakhs to ₹4.5 Lakhs per year
Mantri Metallics	₹1.7 Lakhs to ₹3.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Apex Tool Group, depending on the role and experience level.

What is the salary of a Design Engineer in companies similar to Apex Tool Group in Kolhapur?

The salary of a Design Engineer at companies similar to Apex Tool Group in Kolhapur varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Ghatge Patil Industries	₹2.0 Lakhs to ₹3.6 Lakhs per year
Elcom	₹0.7 Lakhs to ₹3.5 Lakhs per year
Ideametrics	₹1.0 Lakhs to ₹4.5 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 Design Engineer at Apex Tool Group in Kolhapur?

The salary growth for a Design Engineer at Apex Tool Group in Kolhapur depends on factors such as experience, performance, and promotions. On average, a Design Engineer in Kolhapur can expect the following growth trajectory at Apex Tool Group:

Experience	Average Salary Range
2 years	₹2.3 Lakhs to ₹3.0 Lakhs per year
3 years	₹2.3 Lakhs to ₹3.0 Lakhs per year
4 years	₹2.7 Lakhs to ₹3.5 Lakhs per year

and so on.

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Apex Tool Group Design Engineer Salaries in Kolhapur

Apex Tool Group Design Engineer salary in Kolhapur ranges between ₹2.6 Lakhs to ₹3.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Apex Tool Group latest salaries received from various employees of Apex Tool Group.