Banco Products Machine Operator Salaries by 10+ Employees (Updated 2025)

0 - 4 years exp.

₹1.3 Lakh - ₹2.5 Lakhs

Salary of majority employees

18% 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. (9 salaries)	₹1.5 L/yr - ₹2.5 L/yr
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Research & Development Machine Operator Salary Fresher (AmbitionBox Estimate)	₹1.3 L/yr - ₹1.8 L/yr

Last Updated: 15 Feb 2025

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 5% more
TVS Sundram Fasteners Machine Operator Salary 1 - 6 years exp. (78 salaries)	₹1.1 L/yr - ₹3.3 L/yr 7% more
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Rane (Madras) Machine Operator Salary 0 - 2 years exp. (7 salaries)	₹1 L/yr - ₹2.3 L/yr 13% less
Bharat Forge Machine Operator Salary 1 - 5 years exp. (23 salaries)	₹1.3 L/yr - ₹3.3 L/yr 28% more
Endurance Technologies Machine Operator Salary 0 - 3 years exp. (13 salaries)	₹1 L/yr - ₹2 L/yr 11% less
ZF Commercial Vehicle Control Systems Machine Operator Salary 0 - 4 years exp. (24 salaries)	₹1.3 L/yr - ₹2.2 L/yr 8% less
Rico Auto Industries Machine Operator Salary 1 - 3 years exp. (3 salaries)	₹2.3 L/yr - ₹2.7 L/yr 22% more
Varroc Group Machine Operator Salary 0 - 6 years exp. (25 salaries)	₹1.3 L/yr - ₹2.5 L/yr 1% less
Subros Machine Operator Salary 0 - 1 year exp. (14 salaries)	₹1.2 L/yr - ₹2.5 L/yr 4% more
Shanthi Gears Machine Operator Salary 0 - 7 years exp. (12 salaries)	₹2 L/yr - ₹2.8 L/yr 28% more
Shivam Autotech Machine Operator Salary 0 - 2 years exp. (9 salaries)	₹1.7 L/yr - ₹2.5 L/yr 3% more
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Sundaram Auto Components Machine Operator Salary 0 - 3 years exp. (8 salaries)	₹1.5 L/yr - ₹2.5 L/yr 7% more
UCAL Fuel Systems Machine Operator Salary 0 - 2 years exp. (8 salaries)	₹1.1 L/yr - ₹2.4 L/yr 15% less
India Nippon Electricals Machine Operator Salary 0 - 6 years exp. (8 salaries)	₹1.4 L/yr - ₹2 L/yr 16% less
JBM Group Machine Operator Salary 0 - 4 years exp. (8 salaries)	₹1.2 L/yr - ₹2.1 L/yr 6% less
TRF Machine Operator Salary 0 - 5 years exp. (8 salaries)	₹1.5 L/yr - ₹3.2 L/yr 22% more
Kinetic Engineering Machine Operator Salary 1 - 6 years exp. (5 salaries)	₹1 L/yr - ₹2.4 L/yr 14% less
Talbros Machine Operator Salary 0 - 1 year exp. (5 salaries)	₹1 L/yr - ₹1.8 L/yr 26% less
Igarashi Motors Machine Operator Salary 2 - 8 years exp. (4 salaries)	₹1.6 L/yr - ₹3 L/yr 8% more
MARK EXHAUST SYSTEMS Machine Operator Salary 1 - 27 years exp. (4 salaries)	₹2 L/yr - ₹6 L/yr 167% more

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Machine Operator salary at Banco Products ranges between ₹1.3 Lakh to ₹2.5 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 12 latest salaries received from various employees of Banco Products.

Experience wise Banco Products Machine Operator salaries

Last Updated: 15 Feb 2025

Experience	Avg Annual Salary
Fresher (4 salaries)	₹1.3 L/yr - ₹2.5 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 - ₹3.4 L/yr
4 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹3.4 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

(3 salaries)

₹3 L/yr - ₹3.8 L/yr

Operator Salary

(6 salaries)

₹1.5 L/yr - ₹2.2 L/yr

Production Operator Salary

(5 salaries)

₹1.3 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)

₹2.5 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.

Salary - Poor

+6 more

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.

Skill development - Excellent

+1 more

Dislikes

Salary - Bad
Job security - Bad

+2 more

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.

Salary - Good

+6 more

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.

Job security - Good

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.

Salary - Bad

+5 more

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

Salary - Good

+6 more

Dislikes

Compensation is decent, but growth is slow

see more salary related reviews

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Help me choose New Regime or Old Regime for my salary revision

Hi I am working as a full stack Architect (14 yeo) and Following is my CTC. Please help me calculate in hand salary and choose New or OLD regime. I have been doing Old regime till last year with a salary of 48 CTC. Now post revision it increased to 56L CTC effective March 1st. My PF alone will cover 80C Also have additional 50000 contribution in NPS My HRA is around 25K per month (300000) Health insurance for family 28000 Mom's medical expense 30000 (No personal (Have medical complications) or corporate insurance unfortunately) I have a home loan however its under construction, so not eligible yet for tax benefits

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Banco Products Machine Operator Salary FAQs

What is the salary of Machine Operator at Banco Products ?

The average salary of a Machine Operator at Banco Products in India typically ranges from ₹1.3 Lakhs to ₹2.5 Lakhs per year, depending on experience (from Fresher to 4 years).

The top 10% of Machine Operator at Banco Products earn more than ₹2.3 Lakhs per year, and the top 1% earn over ₹2.5 Lakhs per year. Machine Operator Salaries at Banco Products 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 10+ Banco Products employees in India.

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 in India typically ranges from ₹12,826 to ₹14,206 per month. This is based on the average salary range of ₹1.3 Lakhs to ₹2.5 Lakhs per year for employees with experience ranging from Fresher 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 10+ salaries received from various employees of Banco Products. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Banco Products for Machine Operator in India?

MARK EXHAUST SYSTEMS	₹2.0 Lakhs to ₹6.0 Lakhs per year
Shanthi Gears	₹2.0 Lakhs to ₹2.8 Lakhs per year
Bharat Forge	₹1.3 Lakhs to ₹3.3 Lakhs per year
Hi Tech Gears	₹1.8 Lakhs to ₹3.0 Lakhs per year
TRF	₹1.5 Lakhs to ₹3.2 Lakhs per year

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

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

The salary of a Machine Operator at companies similar to Banco Products in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Rico Auto Industries	₹2.3 Lakhs to ₹2.7 Lakhs per year
Greaves Cotton	₹1.5 Lakhs to ₹3.0 Lakhs per year
Suprajit Engineering	₹1.2 Lakhs to ₹2.6 Lakhs per year
Igarashi Motors	₹1.6 Lakhs to ₹3.0 Lakhs per year
TVS Sundram Fasteners	₹1.1 Lakhs to ₹3.3 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 Machine Operator at Banco Products in India?

The salary growth for a Machine Operator at Banco Products depends on factors such as experience, performance, and promotions. On average, a Machine Operator can expect the following growth trajectory at Banco Products:

Experience	Average Salary Range
Fresher	₹1.3 Lakhs to ₹2.5 Lakhs per year
1 year	₹1.5 Lakhs to ₹2.2 Lakhs per year
2 years	₹1.6 Lakhs to ₹3.4 Lakhs per year
3 years	₹1.8 Lakhs to ₹3.4 Lakhs per year

and so on.

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Banco Products Machine Operator Salaries

Banco Products Machine Operator salary in India ranges between ₹1.3 Lakh to ₹2.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 12 Banco Products latest salaries received from various employees of Banco Products.