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Banco Products Purchase Executive salaries in India

Annual salary range
3 - 15 years exp.
₹4.5 Lakhs - ₹5.6 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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28% more than the average Purchase Executive Salary in Auto Components Companies for 3 - 15 years of experience

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Last Updated: 22 Aug 2024

Companies similar to Banco Products for Purchase Executive

Company name Avg Annual Salary Open Jobs
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JBM Group Purchase Executive Salary

1 - 7 years exp. (87 salaries)

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₹2.1 L/yr - ₹6.4 L/yr

arrow icon 23% less
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Varroc Group Purchase Executive Salary

1 - 14 years exp. (41 salaries)

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₹1 L/yr - ₹8.5 L/yr

arrow icon 11% less
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Fiem Industries Purchase Executive Salary

1 - 6 years exp. (23 salaries)

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₹2.2 L/yr - ₹5.4 L/yr

arrow icon 21% less
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₹4 L/yr - ₹9.9 L/yr

arrow icon 39% more
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Viney Corporation Purchase Executive Salary

0 - 4 years exp. (9 salaries)

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₹2.2 L/yr - ₹3.9 L/yr

arrow icon 40% less
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₹3 L/yr - ₹4.5 L/yr

arrow icon 29% less
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UCAL Fuel Systems Purchase Executive Salary

2 - 10 years exp. (7 salaries)

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₹2.5 L/yr - ₹5.9 L/yr

arrow icon 18% less
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Greaves Cotton Purchase Executive Salary

3 - 6 years exp. (6 salaries)

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₹3.8 L/yr - ₹4.7 L/yr

arrow icon 15% less
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Hi Tech Gears Purchase Executive Salary

2 - 4 years exp. (5 salaries)

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₹2.4 L/yr - ₹3.1 L/yr

arrow icon 45% less
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₹2.2 L/yr - ₹2.5 L/yr

arrow icon 52% less
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₹2.4 L/yr - ₹5 L/yr

arrow icon 24% less
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Igarashi Motors Purchase Executive Salary

7 - 10 years exp. (5 salaries)

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₹2.4 L/yr - ₹3.2 L/yr

arrow icon 42% less
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Elgi Rubber Company Purchase Executive Salary

6 - 16 years exp. (5 salaries)

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₹3.8 L/yr - ₹4.5 L/yr

arrow icon 17% less
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Subros Purchase Executive Salary

8 - 12 years exp. (5 salaries)

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₹4.8 L/yr - ₹6.8 L/yr

arrow icon 18% more
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Shivam Autotech Purchase Executive Salary

1 - 8 years exp. (4 salaries)

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₹1.7 L/yr - ₹5.2 L/yr

arrow icon 27% less
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₹2.2 L/yr - ₹3.5 L/yr

arrow icon 45% less
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₹1.4 L/yr - ₹3.3 L/yr

arrow icon 57% less
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₹2.1 L/yr - ₹4.3 L/yr

arrow icon 42% less
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Talbros Purchase Executive Salary

1 - 3 years exp. (3 salaries)

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₹2.5 L/yr - ₹3.6 L/yr

arrow icon 34% less
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Alicon Castalloy Purchase Executive Salary

2 - 4 years exp. (3 salaries)

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₹2.6 L/yr - ₹3.1 L/yr

arrow icon 42% less
View all
Purchase Executive salary at Banco Products ranges between ₹4.5 Lakhs to ₹5.6 Lakhs per year for employees with experience between 3 years to 15 years. Salary estimates are based on 5 latest salaries received from various employees of Banco Products.

Latest annual salaries shared by Banco Products Purchase Executive

4mo ago
₹4.5 Lakhs
4 years exp.
1y ago
₹4.8 Lakhs
4 years exp.
1y ago
₹4.8 Lakhs
3 years exp.
1y ago
₹4.6 Lakhs
12 years exp.
1y ago
₹5.6 Lakhs
15 years exp.

Experience wise Banco Products Purchase Executive salaries

Last Updated: 22 Aug 2024

Experience Avg Annual Salary
3 years (AmbitionBox Estimate)

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₹1.8 L/yr - ₹4.8 L/yr
4 years (AmbitionBox Estimate)

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₹4.5 L/yr - ₹4.8 L/yr
5 years (AmbitionBox Estimate)

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₹4.2 L/yr - ₹5.4 L/yr
6 years (AmbitionBox Estimate)

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₹4.3 L/yr - ₹5.5 L/yr
7 years (AmbitionBox Estimate)

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₹4.3 L/yr - ₹5.5 L/yr
View all

Similar Designation salaries in Banco Products

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₹3.1 L/yr - ₹5 L/yr
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₹4.9 L/yr - ₹5.4 L/yr
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₹3.2 L/yr - ₹5 L/yr
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₹2.4 L/yr - ₹4.2 L/yr
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₹8 L/yr - ₹15 L/yr
Store Incharge Salary
(AmbitionBox Estimate)
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₹1.7 L/yr - ₹2.2 L/yr
Senior Purchase Officer Salary
(AmbitionBox Estimate)
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₹4.3 L/yr - ₹5.5 L/yr
Senior Engineer Salary
(32 salaries)
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₹3.5 L/yr - ₹8.1 L/yr
Buyer Salary
(AmbitionBox Estimate)
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₹2.7 L/yr - ₹3.5 L/yr
SAP MM Consultant Salary
(AmbitionBox Estimate)
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₹2.9 L/yr - ₹3.7 L/yr

Salary related reviews for Banco Products

3.7

Rated by 2 employees for salary & benefits

Full Time

 · 

Marketing & Communication Department

2.0
  •  posted on 29 Jan 2025

3.0
 for  Salary and Benefits

Likes

Salary day (4th Day of Every Month): The Only Good thing

Dislikes

- The Working Culture: The primitive mindset - I pay you, so I own you. - The working time: Official business hours -- 09:00 am to 5:30 pm. Unofficial business hours: 09:00 pm to 08:00 pm or more. If you leave by 06:00 pm - you will possibly get a call the same day or a comment from them the next working Day asking why did you leave early. They never respect people's time or understand that apart from work, there is a life. - Decision Making: For every nooks & small stuffs, the approval was required from "CEO". I never understood, what's the point of Appointing people in "President" post then. It seemed to me that, management don't trust their own management people (President / Vice President) - Toilets / Washroom: The washroom (both Ladies / Gents) across Offices & plants were at worst conditions. - Working Infrastructure: Old Cracked walls in the main buildings and no-body knows when was the last time, the curtains were washed. The chairs were really old and non of them were in proper condition. The desk are old but manageable. - AC Working Temperature: The temperature in Vadodara reaches really high in summer (in the range of 40 deg C to ~49 Deg C) and people used to keep the AC working in 28degC / 29degC in our marketing department. I used to suffocate a lot -- Such pathetic condition. Even witnessed few departments, where AC is present only for the Boss's cabin and rest of other people used to under fan which was really painful. Such inhuman conditions. I feel pity for those people actually. - Working Days: Whatsoever may happen - there will be 26 Working Days in a month. If a national holiday / public holiday is there in working day, it will be compensated by making people work on Sundays. The holidays / weekly off are decided in the beginning of each month - so technically, you cannot plan for any holidays in Advance. I am in better place now -- But I feel really pity for the people who are working over there, in such in-human conditions.

read more
  • Skill development - Poor
  • +5 more

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.

read more

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.

read more
  • Salary - Poor
  • +6 more

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.

read more
  • Skill development - Excellent
  • +1 more

Dislikes

  • Salary - Bad
  • Job security - Bad
  • +2 more

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.

read more
  • Salary - Good
  • +6 more

Dislikes

Pay Less and people frequently jump to other company .

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.

read more
  • Salary - Bad
  • +5 more
see more salary related reviews

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Banco Products Purchase Executive Salary FAQs

What is the salary of Purchase Executive at Banco Products ?
The average salary of a Purchase Executive at Banco Products in India typically ranges from ₹4.5 Lakhs to ₹5.6 Lakhs per year, depending on experience (from 3 years to 15 years).

The top 10% of Purchase Executive at Banco Products earn more than ₹5.6 Lakhs per year, and the top 1% earn over ₹5.6 Lakhs per year. Purchase Executive 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 5 Banco Products employees in India.
What is the estimated take home salary of a Purchase Executive at Banco Products in India?
The estimated take-home salary of a Purchase Executive at Banco Products in India typically ranges from ₹36,925 to ₹38,136 per month. This is based on the average salary range of ₹4.5 Lakhs to ₹5.6 Lakhs per year for employees with experience ranging from 3 years to 15 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 5 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 Purchase Executive in India?
Endurance Technologies ₹4.0 Lakhs to ₹9.9 Lakhs per year
Subros ₹4.8 Lakhs to ₹6.8 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 Purchase Executive in companies similar to Banco Products in India?
The salary of a Purchase Executive at companies similar to Banco Products in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Varroc Group ₹1.0 Lakhs to ₹8.5 Lakhs per year
Greaves Cotton ₹3.8 Lakhs to ₹4.7 Lakhs per year
Elgi Rubber Company ₹3.8 Lakhs to ₹4.5 Lakhs per year
UCAL Fuel Systems ₹2.5 Lakhs to ₹5.9 Lakhs per year
Fiem Industries ₹2.2 Lakhs to ₹5.4 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 Purchase Executive at Banco Products in India?
The salary growth for a Purchase Executive at Banco Products depends on factors such as experience, performance, and promotions. On average, a Purchase Executive can expect the following growth trajectory at Banco Products:

Experience Average Salary Range
3 years ₹1.8 Lakhs to ₹4.8 Lakhs per year
4 years ₹4.5 Lakhs to ₹4.8 Lakhs per year
5 years ₹4.2 Lakhs to ₹5.4 Lakhs per year
6 years ₹4.3 Lakhs to ₹5.5 Lakhs per year
and so on.

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Banco Products Purchase Executive salary in India ranges between ₹4.5 Lakhs to ₹5.6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 5 Banco Products latest salaries received from various employees of Banco Products.