Bajaj Steel Industries Product Development Engineer Salaries by 4 Employees (Updated 2025)

3 - 6 years exp.

₹3.5 Lakhs - ₹4.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

50% less than the average Product Development Engineer Salary in Industrial Machinery Companies for 3 - 6 years of experience

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Salaries in different departments

Research & Development Product Development Engineer Salary 3 - 6 years exp. (3 salaries)	₹3.5 L/yr - ₹4.5 L/yr
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Production, Manufacturing & Engineering Product Development Engineer Salary 6 years exp. (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.4 L/yr

Last Updated: 8 Feb 2025

Companies similar to Bajaj Steel Industries for Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
Vesuvius Product Development Engineer Salary 5 - 7 years exp. (4 salaries)	₹5.7 L/yr - ₹8.9 L/yr 83% more
Shaily Engineering Plastics Ltd Product Development Engineer Salary 2 - 5 years exp. (4 salaries)	₹2.8 L/yr - ₹7.9 L/yr 41% more
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Phenom Product Development Engineer Salary 1 - 4 years exp. (202 salaries)	₹6 L/yr - ₹21.2 L/yr 202% more	4 job openings
Comviva Technology Product Development Engineer Salary 0 - 2 years exp. (193 salaries)	₹6 L/yr - ₹9.5 L/yr 71% more
TE Connectivity Product Development Engineer Salary 1 - 9 years exp. (140 salaries)	₹4 L/yr - ₹15 L/yr 128% more	9 job openings

Product Development Engineer salary at Bajaj Steel Industries ranges between ₹3.5 Lakhs to ₹4.5 Lakhs per year for employees with experience between 3 years to 6 years. Salary estimates are based on 4 latest salaries received from various employees of Bajaj Steel Industries.

Experience wise Bajaj Steel Industries Product Development Engineer salaries

Last Updated: 8 Feb 2025

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr
4 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
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6 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.9 L/yr

Similar Designation salaries in Bajaj Steel Industries

New Product Development Engineer Salary

(AmbitionBox Estimate)

₹5.4 L/yr - ₹6.9 L/yr

Production Engineer Salary

(78 salaries)

₹2 L/yr - ₹4.2 L/yr

Project Engineer Salary

(3 salaries)

₹4.2 L/yr - ₹5.3 L/yr

Senior Design Engineer Salary

(18 salaries)

₹3.36 L/yr - ₹7.5 L/yr

Assistant Engineer Salary

(3 salaries)

₹2.4 L/yr - ₹3.5 L/yr

Production Manager Salary

(4 salaries)

₹6.3 L/yr - ₹16.5 L/yr

Design Engineer Salary

(87 salaries)

₹1.8 L/yr - ₹5 L/yr

Senior Engineer Salary

(15 salaries)

₹3.6 L/yr - ₹5 L/yr

Production Supervisor Salary

(7 salaries)

₹1.8 L/yr - ₹3 L/yr

Quality Engineer Salary

(18 salaries)

₹2 L/yr - ₹3.24 L/yr

Salary related reviews for Bajaj Steel Industries

Mechanical Engineer in Nagpur

Full Time

Quality Assurance Department

3.0

• posted on 05 Jan 2021

3.0

for Salary and Benefits

Likes

Learning skills

Skill development - Good

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign. On the job training is not given to new joinees.

PEB DETAILING CHECKER in Nagpur

Full Time

Research & Development Department

4.0

• posted on 22 Jun 2022

1.0

for Salary and Benefits

Likes

Fixed time and less work for those are not taking responsibility...For Freshers good company... learning and earning.

Dislikes

Working Environment not good. Herarchy not maintained... salary as per not your responsibility and designation...west ur knowledge and Time...for experience person... company not provide any facilities apart from salary.

Salary - Bad

+2 more

Service Engineer in Nagpur

Production, Manufacturing & Engineering Department

3.0

• posted on 07 Oct 2018

2.0

for Salary and Benefits

Likes

...m mates and staff also verry good, there lot of thing to gain knowledge & skill. But little sacrifice with salary. But you can go ahead on the base of your performance. If you are fresher it will be nice for you.

Skill development - Good

+3 more

Dislikes

Salary - Poor
Work-life balance - Poor

Senior Electrical Engineer in Nagpur

Full Time

Other Department

3.0

• posted on 02 Jun 2024

1.0

for Salary and Benefits

Likes

Wry good place to start your career.Opportunity to constantly learn & grow. I am exposed to new challenges regularly which helps me to develop both professionals and personally.

Dislikes

Law pay, Poor management, inflexible work balence, Increment problem

Salary - Bad

+4 more

Junior Engineer in Nagpur

Full Time

Project & Program Management Department

2.0

• posted on 29 Jul 2023

2.0

for Salary and Benefits

Likes

only job satisfaction

Job security - Good

+1 more

Dislikes

they have give appraisal as per condition today he give 12 k thousand for enginneer ITI operator have much payment compare to this their motive has to just grow thier infrastructure their comany but the didnt thought about employee how he manage in that of low sallary in that condition so he will think about that as employee is happy they work joyfully & one thing they also give bond of 3 yrs

Salary - Poor

+2 more

see more salary related reviews

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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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Bajaj Steel Industries Product Development Engineer Salary FAQs

What is the salary of Product Development Engineer at Bajaj Steel Industries ?

The average salary of a Product Development Engineer at Bajaj Steel Industries in India typically ranges from ₹3.5 Lakhs to ₹4.5 Lakhs per year, depending on experience (from 3 years to 6 years).

The top 10% of Product Development Engineer at Bajaj Steel Industries earn more than ₹4.5 Lakhs per year, and the top 1% earn over ₹4.5 Lakhs per year. Product Development Engineer Salaries at Bajaj Steel Industries 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 Bajaj Steel Industries employees in India.

What is the estimated take home salary of a Product Development Engineer at Bajaj Steel Industries in India?

The estimated take-home salary of a Product Development Engineer at Bajaj Steel Industries in India typically ranges from ₹29,531 to ₹30,852 per month. This is based on the average salary range of ₹3.5 Lakhs to ₹4.5 Lakhs per year for employees with experience ranging from 3 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 Bajaj Steel Industries. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Bajaj Steel Industries for Product Development Engineer in India?

Phenom	₹6.0 Lakhs to ₹21.2 Lakhs per year
TE Connectivity	₹4.0 Lakhs to ₹15.0 Lakhs per year
Vesuvius	₹5.7 Lakhs to ₹8.9 Lakhs per year
Comviva Technology	₹6.0 Lakhs to ₹9.5 Lakhs per year
Shaily Engineering Plastics Ltd	₹2.8 Lakhs to ₹7.9 Lakhs per year

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

How the salary growth look like for a Product Development Engineer at Bajaj Steel Industries in India?

The salary growth for a Product Development Engineer at Bajaj Steel Industries depends on factors such as experience, performance, and promotions. On average, a Product Development Engineer can expect the following growth trajectory at Bajaj Steel Industries:

Experience	Average Salary Range
3 years	₹3.2 Lakhs to ₹4.0 Lakhs per year
4 years	₹3.6 Lakhs to ₹4.6 Lakhs per year
6 years	₹3.8 Lakhs to ₹4.9 Lakhs per year

and so on.

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Bajaj Steel Industries Product Development Engineer Salaries

Bajaj Steel Industries Product Development Engineer salary in India ranges between ₹3.5 Lakhs to ₹4.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Bajaj Steel Industries latest salaries received from various employees of Bajaj Steel Industries.