Ashok Iron Works Belgaum Mechanical Engineer Salaries by 4 Employees

5 - 6 years exp.

₹4 Lakhs - ₹4.3 Lakhs

Avg. annual salary

Monthly In-hand Salary

14% less than the average Mechanical Engineer Salary in Industrial Machinery Companies for 5 - 6 years of experience

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Salaries in different departments

Production, Manufacturing & Engineering Mechanical Engineer Salary 5 - 6 years exp. (AmbitionBox Estimate)	₹4 L/yr - ₹4.4 L/yr
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Construction & Site Engineering Mechanical Engineer Salary 5 - 6 years exp. (AmbitionBox Estimate)	₹3.7 L/yr - ₹4 L/yr

Last Updated: 13 Jul 2023

Companies similar to Ashok Iron Works for Mechanical Engineer in Belgaum

Ashok Iron Works Mechanical Engineer Salary

5 - 6 years exp. (4 salaries)

₹4 L/yr - ₹4.3 L/yr

Company name	Avg Annual Salary	Open Jobs
Aequs Mechanical Engineer Salary 1 - 7 years exp. (16 salaries)	₹2.2 L/yr - ₹4.5 L/yr 25% less
Dalmia Bharat Cement Mechanical Engineer Salary 4 - 10 years exp. (8 salaries)	₹2.7 L/yr - ₹8.5 L/yr 19% more
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Gold Plus Glass Mechanical Engineer Salary 1 - 6 years exp. (6 salaries)	₹2 L/yr - ₹3.6 L/yr 24% less
Quest Global Mechanical Engineer Salary 1 - 5 years exp. (4 salaries)	₹3 L/yr - ₹5.4 L/yr 22% more	1 job opening

Mechanical Engineer salary at Ashok Iron Works ranges between ₹4 Lakhs to ₹4.3 Lakhs per year for employees with experience between 5 years to 6 years. Salary estimates are based on 4 latest salaries received from various employees of Ashok Iron Works.

Experience wise Ashok Iron Works Mechanical Engineer salaries in Belgaum

Last Updated: 13 Jul 2023

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.5 L/yr
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6 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr

Similar Designation salaries in Ashok Iron Works

Senior Engineer Salary

(24 salaries)

₹3.5 L/yr - ₹6.55 L/yr

Production Engineer Salary

(21 salaries)

₹2.3 L/yr - ₹5.5 L/yr

Junior Engineer Salary

(20 salaries)

₹1.2 L/yr - ₹3.2 L/yr

Electrical Engineer Salary

(12 salaries)

₹2.25 L/yr - ₹5.3 L/yr

Technician Salary

(12 salaries)

₹1.7 L/yr - ₹3 L/yr

Project Engineer Salary

(7 salaries)

₹3 L/yr - ₹5 L/yr

Maintenance Engineer Salary

(7 salaries)

₹2 L/yr - ₹3.5 L/yr

Senior Electrical Engineer Salary

(3 salaries)

₹4.05 L/yr - ₹5.1 L/yr

Mechanical Maintenance Engineer Salary

(3 salaries)

₹3.3 L/yr - ₹4.3 L/yr

Salary related reviews for Ashok Iron Works

Senior Electrical Engineer in Belgaum

Full Time

Production, Manufacturing & Engineering Department

1.0

• posted on 13 Jan 2025

1.0

for Salary and Benefits

Likes

Nothing any likes

Dislikes

Lower salary. Two different salary payment scales. HR politics. ITI qualified employees hired with duplicate documents to Engineer post. HR manager is very egoistic & not spoken friendly. Notice period 90 days but in these 90 days you get half salary every month for full day work. Worst management Owner thinks about his own growth not even think during appraisal. Workers are getting low salary hike every year. Favorites during appraisal and targetting employees if questioned. Non sense HR manager taking money from contract manpower suppliers. Toxic work culture like whenever they need u need to serve.

Salary - Bad

+6 more

Tool Room Incharge in Navage. At Belagavi

Production, Manufacturing & Engineering Department

5.0

• posted on 14 Nov 2020

4.0

for Salary and Benefits

Likes

...ronment and culture. Teammates are supportive and the management is transparent. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Salary - Good

+5 more

Dislikes

There is a lot of politics and the management doesn’t address our issues. This is a place for constructive feed back. Salaryy is decent but career growth is slow. On the job training is not given to new joinees.

Electrical Shift Engineer in Belgaum

Production, Manufacturing & Engineering Department

4.0

• posted on 05 Oct 2020

3.0

for Salary and Benefits

Likes

Getting good experience in my electrical field

Promotions - Good

Dislikes

... individuals effort and appreciating their work is very poor, resulting less exposure and carrier growth, No salary hike or increments for long period of time, No proper Cafeteria and canteen arrangements in shifts

Graduate Engineer Trainee (Get) in Belgaum

Production Department

3.0

• posted on 10 Dec 2018

2.0

for Salary and Benefits

Likes

Intended to work in Prove out NPD Department. Loved working on CNC programming & machine mechanisms. Configuration of machines.

Job security - Good

Dislikes

Full of documentation works. Documentation stopped me from learning & involving in NPD Activities. Ratio of learning to documentation should be 7:3 but not reverse. The reverse case I experienced in this company. Compensation & benefits are very poor.

Salary - Poor

+1 more

CNC Operator in Belgaum

Other Department

5.0

• posted on 10 Jan 2022

3.0

for Salary and Benefits

Likes

Excellent people best working environment always something there to learn new it has the big plants seeking work always nice opportunity to learn and work.

Skill development - Excellent

+4 more

Dislikes

The most common and genuine de merit politics, salary is bit of less as seen to hardwork

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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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Ashok Iron Works Mechanical Engineer Salary FAQs

What is the salary of Mechanical Engineer at Ashok Iron Works in Belgaum?

The average salary of a Mechanical Engineer at Ashok Iron Works in Belgaum typically ranges from ₹4.0 Lakhs to ₹4.3 Lakhs per year, depending on experience (from 5 years to 6 years).

The top 10% of Mechanical Engineer in Belgaum at Ashok Iron Works earn more than ₹4.0 Lakhs per year, and the top 1% earn over ₹4.0 Lakhs per year. Mechanical Engineer Salaries at Ashok Iron Works 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 Ashok Iron Works employees in India.

What is the estimated take home salary of a Mechanical Engineer at Ashok Iron Works in Belgaum?

The estimated take-home salary of a Mechanical Engineer at Ashok Iron Works in Belgaum typically ranges from ₹29,624 to ₹30,944 per month. This is based on the average salary range of ₹4.0 Lakhs to ₹4.3 Lakhs per year for employees with experience ranging from 5 years to 6 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 Ashok Iron Works. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Ashok Iron Works for Mechanical Engineer in India?

Quest Global	₹3.0 Lakhs to ₹5.4 Lakhs per year
Dalmia Bharat Cement	₹2.7 Lakhs to ₹8.5 Lakhs per year

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

What is the salary of a Mechanical Engineer in companies similar to Ashok Iron Works in Belgaum?

The salary of a Mechanical Engineer at companies similar to Ashok Iron Works in Belgaum varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Gold Plus Glass	₹2.0 Lakhs to ₹3.6 Lakhs per year
Aequs	₹2.2 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 Mechanical Engineer at Ashok Iron Works in Belgaum?

The salary growth for a Mechanical Engineer at Ashok Iron Works in Belgaum depends on factors such as experience, performance, and promotions. On average, a Mechanical Engineer in Belgaum can expect the following growth trajectory at Ashok Iron Works:

Experience	Average Salary Range
5 years	₹3.5 Lakhs to ₹4.5 Lakhs per year
6 years	₹3.6 Lakhs to ₹4.6 Lakhs per year

and so on.

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Ashok Iron Works Mechanical Engineer Salaries in Belgaum

Ashok Iron Works Mechanical Engineer salary in Belgaum ranges between ₹4 Lakhs to ₹4.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Ashok Iron Works latest salaries received from various employees of Ashok Iron Works.