Banco Products Machine Operator Salaries by 10+ Employees (Updated 2024)

0 - 4 years exp.

₹1.3 Lakh - ₹2.2 Lakhs

Salary of majority employees

16% less than the average Machine Operator Salary in Auto Components Companies for 0 - 4 years of experience

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Salaries in different departments

Production, Manufacturing & Engineering Machine Operator Salary 0 - 4 years exp. (8 salaries)	₹1.5 L/yr - ₹1.9 L/yr
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Research & Development Machine Operator Salary Fresher (AmbitionBox Estimate)	₹1.3 L/yr - ₹1.9 L/yr

Last Updated: 29 Nov 2024

Companies similar to Banco Products for Machine Operator

Company name	Avg Annual Salary	Open Jobs
Sharda Motor Industries Machine Operator Salary 0 - 2 years exp. (3 salaries)	₹1 L/yr - ₹2.1 L/yr 4% more
TVS Sundram Fasteners Machine Operator Salary 1 - 6 years exp. (79 salaries)	₹1.1 L/yr - ₹3.3 L/yr 6% more
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Rane (Madras) Machine Operator Salary 0 - 2 years exp. (6 salaries)	₹1 L/yr - ₹2.3 L/yr 15% less
Bharat Forge Machine Operator Salary 0 - 5 years exp. (26 salaries)	₹1.3 L/yr - ₹3.2 L/yr 20% more
Endurance Technologies Machine Operator Salary 0 - 3 years exp. (12 salaries)	₹1 L/yr - ₹2 L/yr 19% less
ZF Commercial Vehicle Control Systems Machine Operator Salary 0 - 5 years exp. (18 salaries)	₹1.4 L/yr - ₹2.2 L/yr 4% less
Rico Auto Industries Machine Operator Salary 1 - 3 years exp. (3 salaries)	₹2.4 L/yr - ₹2.7 L/yr 28% more
Subros Machine Operator Salary 0 - 2 years exp. (22 salaries)	₹1.1 L/yr - ₹2.8 L/yr 1% less
Shanthi Gears Machine Operator Salary 0 - 7 years exp. (12 salaries)	₹2 L/yr - ₹2.8 L/yr 19% more
India Nippon Electricals Machine Operator Salary 0 - 6 years exp. (11 salaries)	₹1.4 L/yr - ₹2 L/yr 18% less
UCAL Fuel Systems Machine Operator Salary 0 - 3 years exp. (10 salaries)	₹1.1 L/yr - ₹2.4 L/yr 17% less
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Shivam Autotech Machine Operator Salary 0 - 2 years exp. (9 salaries)	₹1.7 L/yr - ₹2.5 L/yr 2% more
Magna International Machine Operator Salary 0 - 2 years exp. (9 salaries)	₹1.5 L/yr - ₹2.5 L/yr 6% less
TRF Machine Operator Salary 0 - 7 years exp. (8 salaries)	₹1.5 L/yr - ₹3.5 L/yr 22% more
Sundaram Auto Components Machine Operator Salary 0 - 3 years exp. (7 salaries)	₹1.5 L/yr - ₹2.5 L/yr 4% more
JBM Group Machine Operator Salary 0 - 3 years exp. (6 salaries)	₹1.2 L/yr - ₹2.1 L/yr 8% less
Kinetic Engineering Machine Operator Salary 1 - 6 years exp. (5 salaries)	₹1 L/yr - ₹2.4 L/yr 15% less
Talbros Machine Operator Salary 0 - 2 years exp. (5 salaries)	₹1 L/yr - ₹1.8 L/yr 27% less
Suprajit Engineering Machine Operator Salary 1 - 7 years exp. (4 salaries)	₹1.2 L/yr - ₹2.6 L/yr 11% more
Greaves Cotton Machine Operator Salary 0 - 5 years exp. (4 salaries)	₹1.5 L/yr - ₹3 L/yr 18% more

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Machine Operator salary at Banco Products ranges between ₹1.3 Lakh to ₹2.2 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 11 latest salaries received from various employees of Banco Products.

Experience wise Banco Products Machine Operator salaries

Last Updated: 29 Nov 2024

Experience	Avg Annual Salary
Fresher (3 salaries)	₹1.3 L/yr - ₹2.2 L/yr
1 year (4 salaries)	₹1.5 L/yr - ₹2.2 L/yr
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2 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹3.4 L/yr
3 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹3.5 L/yr
4 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹3.6 L/yr

Similar Designation salaries in Banco Products

VMC Machine Operator Salary

(AmbitionBox Estimate)

₹1.7 L/yr - ₹2.2 L/yr

CNC Operator Salary

(AmbitionBox Estimate)

₹3.4 L/yr - ₹4.4 L/yr

Operator Salary

(6 salaries)

₹1.5 L/yr - ₹2.2 L/yr

Production Operator Salary

(5 salaries)

₹1.4 L/yr - ₹1.6 L/yr

Trainee Salary

(8 salaries)

₹1.8 L/yr - ₹2.15 L/yr

Supervisor Salary

(8 salaries)

₹1.7 L/yr - ₹4 L/yr

Technician Salary

(4 salaries)

₹1.6 L/yr - ₹3.5 L/yr

Production Supervisor Salary

(13 salaries)

₹1.35 L/yr - ₹3.5 L/yr

Mechanical Engineer Salary

(8 salaries)

₹1.45 L/yr - ₹4.1 L/yr

Junior Engineer Salary

(5 salaries)

₹1.1 L/yr - ₹5.5 L/yr

Salary related reviews for Banco Products

2.2

Rated by 6 employees for salary & benefits

Middle Manager in Vadodara

Full Time

Research & Development Department

1.0

• posted on 12 Aug 2024

2.0

for Salary and Benefits

Likes

Nothing, it's very much akin to working under a marwadi. They pay you some salary in return they think that they own your entire personal life.

Dislikes

...to do manpower reduction every year (it has nothing to do with your performance. If your salary falls in their cutoff limit then you're gone), and does it so.

Maintenance Engineer in Vadodara

Full Time

Production, Manufacturing & Engineering Department

3.0

• posted on 27 Jul 2020

1.0

for Salary and Benefits

Likes

most irritated part was job security,salary and culture is bit abusive . Dept Seniors are cooperative and very supportive specially HOD has caring nature and good attitude towards engineers. Pro and cons are detailed - Pros- vast opportunity for learners as there are plenty of good machines, equipment and technology. Work-life balance, canteen facility, Cons- job security and growth are major issue in company, workmans are abusive, high work load, no team work. No transport facility.

Regional Manager in Gurgaon / Gurugram

Part Time

Marketing & Communication Department

4.0

• posted on 21 Sep 2023

4.0

for Salary and Benefits

Likes

It is the oldest company and their USP is , to change according to market conditions and the results grabbed the major OEMs business by way of reforming internally.

Dislikes

Pay Less and people frequently jump to other company .

Purchase/Vendor Development Manager in Vadodara

Procurement & Supply Chain Department

3.0

• posted on 16 Apr 2021

1.0

for Salary and Benefits

Likes

On time Salary & Good market reputation in Automotive industry.

Dislikes

Here, there is no system at all. All the things is on paper only. Even HR is also involved in politics. Worse Management & No work life balance.

Accounts Officer

Finance & Accounting Department

4.0

• posted on 31 Jan 2019

4.0

for Salary and Benefits

Likes

Good organisation happy to work with good and experienced people very much helping nature and chance to learn much knowledge... Finally happy to work with Banco Products

Dislikes

Compensation is decent, but growth is slow

see more salary related reviews

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Top trending discussions

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Banco Products Machine Operator Salary FAQs

What is the salary of Machine Operator at Banco Products?

Machine Operator salary at Banco Products in India ranges between ₹1.3 Lakhs to ₹2.2 Lakhs for less than 1 year of experience to 4 years. According to our estimates it is 16% less than the average Machine Operator Salary in India. Salary estimates are based on 11 latest salaries received from various employees of Banco Products India.

How does the salary of a Machine Operator at Banco Products India compare with the average salary range for this job?

The average salary of a Machine Operator at Banco Products is 16% less than the average salary of a Machine Operator in India. To know exact salary insights, login to view.

Which similar companies are paying more than Banco Products to a Machine Operator in India?

MARK EXHAUST SYSTEMS Machine Operator Salary - ₹5.4 Lakhs to ₹6.9 Lakhs per year
Rico Auto Industries Machine Operator Salary - ₹2.4 Lakhs to ₹2.7 Lakhs per year
Hi Tech Gears Machine Operator Salary - ₹1.8 Lakhs to ₹3.0 Lakhs per year
TRF Machine Operator Salary - ₹1.5 Lakhs to ₹3.5 Lakhs per year
Bharat Forge Machine Operator Salary - ₹1.3 Lakhs to ₹3.2 Lakhs per year

What is the salary of a Machine Operator in companies similar to Banco Products in India?

Igarashi Motors Machine Operator Salary - ₹1.6 Lakhs to ₹3.0 Lakhs per year
Shanthi Gears Machine Operator Salary - ₹2.0 Lakhs to ₹2.8 Lakhs per year
Greaves Cotton Machine Operator Salary - ₹1.5 Lakhs to ₹3.0 Lakhs per year
Suprajit Engineering Machine Operator Salary - ₹1.2 Lakhs to ₹2.6 Lakhs per year
TVS Sundram Fasteners Machine Operator Salary - ₹1.1 Lakhs to ₹3.3 Lakhs per year

What is the estimated take home salary of a Machine Operator at Banco Products in India?

The estimated take-home salary of a Machine Operator at Banco Products ranges between ₹13,022 per month to ₹14,418 per month in India. The take-home salary calculation is based on the average Banco Products Machine Operator salary in India which ranges between ₹1.3 Lakhs to ₹2.2 Lakhs per year for employees with less than 1 year of experience to 4 years. Check how did we calculate take home salary?

What is the notice period for Machine Operator at Banco Products?

According to AmbitionBox, 50% of the Banco Products Machine Operators reported a notice period of 15 days or less, 38% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 8 responses on AmbitionBox in last 2 years.

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Banco Products Machine Operator Salaries

Banco Products Machine Operator salary in India ranges between ₹1.3 Lakh to ₹2.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 11 Banco Products latest salaries received from various employees of Banco Products.