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Banco Aluminium Mechanical Engineer salaries in India

Annual salary range
1 - 12 years exp.
₹2 Lakhs - ₹4.1 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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35% less than the average Mechanical Engineer Salary in Metals & Mining Companies for 1 - 12 years of experience

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Salaries in different departments

Production, Manufacturing & Engineering
Mechanical Engineer Salary
10 - 12 years exp. (AmbitionBox Estimate)
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₹3.7 L/yr - ₹4.5 L/yr

Quality Assurance
Mechanical Engineer Salary
2 years exp. (AmbitionBox Estimate)
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₹1.8 L/yr - ₹2.2 L/yr

Last Updated: 16 Mar 2023

Companies similar to Banco Aluminium for Mechanical Engineer

Company name Avg Annual Salary Open Jobs
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₹2 L/yr - ₹4.2 L/yr

arrow icon 15% more
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₹2 L/yr - ₹4 L/yr

arrow icon 16% more
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₹2.2 L/yr - ₹7.3 L/yr

arrow icon 39% more
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₹3.1 L/yr - ₹5.6 L/yr

arrow icon 28% more
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Sage Metals Mechanical Engineer Salary

1 - 8 years exp. (7 salaries)

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₹1.8 L/yr - ₹5.8 L/yr

arrow icon 21% more
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AnRak Aluminium Mechanical Engineer Salary

7 - 22 years exp. (6 salaries)

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₹4.5 L/yr - ₹8 L/yr

arrow icon 87% more
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₹1.9 L/yr - ₹3.2 L/yr

arrow icon 23% less
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Multimetals Mechanical Engineer Salary

1 - 6 years exp. (6 salaries)

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₹4 L/yr - ₹4.6 L/yr

arrow icon 39% more
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Oerlikon Balzers Mechanical Engineer Salary

3 - 9 years exp. (6 salaries)

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₹1.7 L/yr - ₹8.8 L/yr

arrow icon 68% more
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Seco Tools Mechanical Engineer Salary

2 - 13 years exp. (5 salaries)

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₹0.2 L/yr - ₹10.7 L/yr

arrow icon 23% more
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₹2.4 L/yr - ₹4 L/yr

arrow icon 4% more
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₹2 L/yr - ₹5 L/yr

arrow icon 12% more
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Mittal Appliances Mechanical Engineer Salary

3 - 8 years exp. (4 salaries)

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₹2.7 L/yr - ₹4.3 L/yr

arrow icon 21% more
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MOIL Mechanical Engineer Salary

6 - 10 years exp. (4 salaries)

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₹8 L/yr - ₹9 L/yr

arrow icon 170% more
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Pilot Industries Mechanical Engineer Salary

8 - 13 years exp. (3 salaries)

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₹5.8 L/yr - ₹6 L/yr

arrow icon 91% more
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Golcha Group Mechanical Engineer Salary

2 - 4 years exp. (3 salaries)

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₹3 L/yr - ₹4.2 L/yr

arrow icon 11% more
Mechanical Engineer salary at Banco Aluminium ranges between ₹2 Lakhs to ₹4.1 Lakhs per year for employees with experience between 1 year to 12 years. Salary estimates are based on 4 latest salaries received from various employees of Banco Aluminium.

Latest annual salaries shared by Banco Aluminium Mechanical Engineer

1y ago
₹4.1 Lakhs
12 years exp.
1y ago
₹2 Lakhs
2 years exp.
1y ago
₹2 Lakhs
1 year exp.
1y ago
₹4.1 Lakhs
10 years exp.

Experience wise Banco Aluminium Mechanical Engineer salaries

Last Updated: 16 Mar 2023

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹1.8 L/yr - ₹2.3 L/yr
2 years (AmbitionBox Estimate)

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₹1.8 L/yr - ₹2.4 L/yr
3 years (AmbitionBox Estimate)

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₹2 L/yr - ₹2.6 L/yr
4 years (AmbitionBox Estimate)

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₹2.2 L/yr - ₹2.9 L/yr
5 years (AmbitionBox Estimate)

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₹2.4 L/yr - ₹3.1 L/yr
View all

Similar Designation salaries in Banco Aluminium

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₹2.8 L/yr - ₹4.1 L/yr
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₹2.2 L/yr - ₹8 L/yr
Service Engineer Salary
(AmbitionBox Estimate)
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₹0.9 L/yr - ₹1.2 L/yr
Shift Engineer Salary
(AmbitionBox Estimate)
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₹3.6 L/yr - ₹4.6 L/yr
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₹1.7 L/yr - ₹2.65 L/yr
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₹2.66 L/yr - ₹4 L/yr
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₹1 L/yr - ₹6.5 L/yr
Senior Electrical Engineer Salary
(AmbitionBox Estimate)
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₹3.5 L/yr - ₹4.5 L/yr
Technician Salary
(AmbitionBox Estimate)
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₹1.8 L/yr - ₹2.3 L/yr
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₹4.8 L/yr - ₹9.75 L/yr

Salary related reviews for Banco Aluminium

Research & Development Department

4.0
  •  posted on 11 Dec 2018

4.0
 for  Salary and Benefits

Likes

...y has required amount of projects,teammates are very supportive and encouraging. job is secure for a longer period, salary scale is average.

read more
  • Salary - Good
  • +2 more

Dislikes

i have a shift duty and there is a lack of systematic approach in working manner.

Full Time

 · 

Engineering - Software & QA Department

3.0
  •  posted on 18 Mar 2023

1.0
 for  Salary and Benefits

Likes

Salary comes on time.

Dislikes

...tion activity. No safety or 5's awareness or training. No traveling allowance. No salary structure maintained. Exp assistant Manager has more CTC than manager. No festival event. No personal/professional training.

read more
  • Salary - Bad
  • +4 more

Full Time

 · 

Production, Manufacturing & Engineering Department

1.0
  •  posted on 13 Dec 2024

2.0
 for  Salary and Benefits

Likes

...ries spending huge money of company achieving nothing in the intrest of company.just getting salary on time .All domestic market crash because of such people. Foundry head, store and dispatch head, marketing head sll are wasting time and nothing doing in terms of value for the company

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Dislikes

Very bad politics in foundry production head,store shipping head, marketing and localism. They all are connected with vendor getting money and survive. No one is working in the interest of company. MD is highly educated but unaware of bad kartoot of all departments head that they are producing hurdles.

read more
  • Salary - Poor
  • +5 more

Procurement & Supply Chain Department

5.0
  •  posted on 24 May 2018

5.0
 for  Salary and Benefits

Likes

...ice.Provide good training and full job security.Also help to our carrier growth.In salary given good as well as appraisal.The travel is not provide.Not politics in this company.The work environment is very good.Day to day company in progress.Compney is very nice also workmen,contract workmen.

read more
  • Salary - Excellent
  • +6 more

Dislikes

Now a days no any weak point for our company.

Full Time

 · 

Production, Manufacturing & Engineering Department

2.0
  •  posted on 07 Apr 2025

3.0
 for  Salary and Benefits

Likes

Workers are much more supportive than management..

Dislikes

Manager and assistant manager are so rude in language and for new joine they always treat you you have so many years of experience in extrusion plant...There is no job security at all.

read more
  • Skill development - Bad
  • +5 more
see more salary related reviews

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Banco Aluminium Mechanical Engineer Salary FAQs

What is the salary of Mechanical Engineer at Banco Aluminium ?
The average salary of a Mechanical Engineer at Banco Aluminium in India typically ranges from ₹2.0 Lakhs to ₹4.1 Lakhs per year, depending on experience (from 1 year to 12 years).

The top 10% of Mechanical Engineer at Banco Aluminium earn more than ₹4.1 Lakhs per year, and the top 1% earn over ₹4.1 Lakhs per year. Mechanical Engineer Salaries at Banco Aluminium 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 Banco Aluminium employees in India.
What is the estimated take home salary of a Mechanical Engineer at Banco Aluminium in India?
The estimated take-home salary of a Mechanical Engineer at Banco Aluminium in India typically ranges from ₹21,964 to ₹23,448 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹4.1 Lakhs per year for employees with experience ranging from 1 year to 12 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 Banco Aluminium. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Banco Aluminium for Mechanical Engineer in India?
MOIL ₹8.0 Lakhs to ₹9.0 Lakhs per year
Pilot Industries ₹5.8 Lakhs to ₹6.0 Lakhs per year
AnRak Aluminium ₹4.5 Lakhs to ₹8.0 Lakhs per year
Oerlikon Balzers ₹1.7 Lakhs to ₹8.8 Lakhs per year
Multimetals ₹4.0 Lakhs to ₹4.6 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Banco Aluminium, depending on the role and experience level.
What is the salary of a Mechanical Engineer in companies similar to Banco Aluminium in India?
The salary of a Mechanical Engineer at companies similar to Banco Aluminium in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Metal Crafts Constructors ₹2.2 Lakhs to ₹7.3 Lakhs per year
Archean Group of Companies ₹3.1 Lakhs to ₹5.6 Lakhs per year
Seco Tools ₹0.2 Lakhs to ₹10.7 Lakhs per year
Sage Metals ₹1.8 Lakhs to ₹5.8 Lakhs per year
Mittal Appliances ₹2.7 Lakhs to ₹4.3 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 Mechanical Engineer at Banco Aluminium in India?
The salary growth for a Mechanical Engineer at Banco Aluminium depends on factors such as experience, performance, and promotions. On average, a Mechanical Engineer can expect the following growth trajectory at Banco Aluminium:

Experience Average Salary Range
1 year ₹1.8 Lakhs to ₹2.3 Lakhs per year
2 years ₹1.8 Lakhs to ₹2.4 Lakhs per year
3 years ₹2.0 Lakhs to ₹2.6 Lakhs per year
4 years ₹2.2 Lakhs to ₹2.9 Lakhs per year
and so on.

Tell us how to improve this page.

Banco Aluminium Mechanical Engineer salary in India ranges between ₹2 Lakhs to ₹4.1 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Banco Aluminium latest salaries received from various employees of Banco Aluminium.