Banco Products Purchase Manager Salaries by 4 Employees (Updated 2025)

11 - 16 years exp.

₹8 Lakhs - ₹15 Lakhs

Salary of majority employees

At par with the average Purchase Manager Salary in Auto Components Companies for 11 - 16 years of experience

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Last Updated: 8 Jan 2025

Companies similar to Banco Products for Purchase Manager

Company name	Avg Annual Salary	Open Jobs
Sharda Motor Industries Purchase Manager Salary 10 - 18 years exp. (13 salaries)	₹10.6 L/yr - ₹18 L/yr 29% more
UNO Minda Purchase Manager Salary 16 - 18 years exp. (5 salaries)	₹16 L/yr - ₹21.1 L/yr 62% more
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TVS Sundram Fasteners Purchase Manager Salary 16 - 24 years exp. (6 salaries)	₹10.1 L/yr - ₹15.3 L/yr 19% more
Rane (Madras) Purchase Manager Salary 12 - 14 years exp. (4 salaries)	₹9.6 L/yr - ₹12.8 L/yr 1% more
Bharat Forge Purchase Manager Salary 16 - 31 years exp. (6 salaries)	₹12 L/yr - ₹14.5 L/yr 19% more
Endurance Technologies Purchase Manager Salary 15 - 18 years exp. (3 salaries)	₹11.5 L/yr - ₹17 L/yr 23% more
ZF Commercial Vehicle Control Systems Purchase Manager Salary 14 - 19 years exp. (4 salaries)	₹12 L/yr - ₹18.8 L/yr 44% more
Rico Auto Industries Purchase Manager Salary 15 - 18 years exp. (4 salaries)	₹5 L/yr - ₹7 L/yr 41% less
Varroc Group Purchase Manager Salary 10 - 19 years exp. (12 salaries)	₹9.5 L/yr - ₹19.8 L/yr 21% more
Greaves Cotton Purchase Manager Salary 4 - 21 years exp. (9 salaries)	₹8.5 L/yr - ₹13.2 L/yr 14% less
Fiem Industries Purchase Manager Salary 15 - 22 years exp. (8 salaries)	₹7.9 L/yr - ₹12 L/yr 10% less
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Subros Purchase Manager Salary 12 - 18 years exp. (6 salaries)	₹15 L/yr - ₹17.5 L/yr 47% more
Talbros Purchase Manager Salary 17 - 18 years exp. (4 salaries)	₹11 L/yr - ₹14 L/yr 17% more
Alicon Castalloy Purchase Manager Salary 8 - 13 years exp. (4 salaries)	₹7.8 L/yr - ₹17.2 L/yr 14% more
JBM Group Purchase Manager Salary 4 - 24 years exp. (4 salaries)	₹2.3 L/yr - ₹11.2 L/yr 38% less
TRF Purchase Manager Salary 16 - 19 years exp. (3 salaries)	₹10.5 L/yr - ₹10.6 L/yr 5% less

Purchase Manager salary at Banco Products ranges between ₹8 Lakhs to ₹15 Lakhs per year for employees with experience between 11 years to 16 years. Salary estimates are based on 4 latest salaries received from various employees of Banco Products.

Experience wise Banco Products Purchase Manager salaries

Last Updated: 8 Jan 2025

Experience	Avg Annual Salary
11 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹9.2 L/yr
12 years (AmbitionBox Estimate)	₹9.6 L/yr - ₹12.2 L/yr
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15+ years (AmbitionBox Estimate)	₹11.5 L/yr - ₹14.7 L/yr

Similar Designation salaries in Banco Products

Purchase Officer Salary

(7 salaries)

₹2.4 L/yr - ₹4.2 L/yr

Purchase Engineer Salary

(9 salaries)

₹3.2 L/yr - ₹5 L/yr

Store Manager Salary

(AmbitionBox Estimate)

₹11.4 L/yr - ₹14.6 L/yr

Commercial Manager Salary

(4 salaries)

₹4.5 L/yr - ₹4.5 L/yr

Deputy Manager Salary

(9 salaries)

₹7.5 L/yr - ₹15 L/yr

Operations Manager Salary

(AmbitionBox Estimate)

₹12.2 L/yr - ₹15.5 L/yr

Purchase Executive Salary

(5 salaries)

₹4.52 L/yr - ₹5.6 L/yr

Deputy General Manager Salary

(AmbitionBox Estimate)

₹22.3 L/yr - ₹28.5 L/yr

Senior Engineer Salary

(32 salaries)

₹3.5 L/yr - ₹8.1 L/yr

Buyer Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Salary related reviews for Banco Products

4.0

Rated by 1 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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Banco Products Purchase Manager Salary FAQs

What is the salary of Purchase Manager at Banco Products ?

The average salary of a Purchase Manager at Banco Products in India typically ranges from ₹8.0 Lakhs to ₹15.0 Lakhs per year, depending on experience (from 11 years to 16 years).

The top 10% of Purchase Manager at Banco Products earn more than ₹15.0 Lakhs per year, and the top 1% earn over ₹15.0 Lakhs per year. Purchase Manager 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 4 Banco Products employees in India.

What is the estimated take home salary of a Purchase Manager at Banco Products in India?

The estimated take-home salary of a Purchase Manager at Banco Products in India typically ranges from ₹79,249 to ₹81,311 per month. This is based on the average salary range of ₹8.0 Lakhs to ₹15.0 Lakhs per year for employees with experience ranging from 11 years to 16 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 Products. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Banco Products for Purchase Manager in India?

UNO Minda	₹16.0 Lakhs to ₹21.1 Lakhs per year
Subros	₹15.0 Lakhs to ₹17.5 Lakhs per year
ZF Commercial Vehicle Control Systems	₹12.0 Lakhs to ₹18.8 Lakhs per year
Sharda Motor Industries	₹10.6 Lakhs to ₹18.0 Lakhs per year
Endurance Technologies	₹11.5 Lakhs to ₹17.0 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 Manager in companies similar to Banco Products in India?

The salary of a Purchase Manager 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	₹9.5 Lakhs to ₹19.8 Lakhs per year
Bharat Forge	₹12.0 Lakhs to ₹14.5 Lakhs per year
TVS Sundram Fasteners	₹10.1 Lakhs to ₹15.3 Lakhs per year
Talbros	₹11.0 Lakhs to ₹14.0 Lakhs per year
Alicon Castalloy	₹7.8 Lakhs to ₹17.2 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 Manager at Banco Products in India?

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

Experience	Average Salary Range
11 years	₹7.2 Lakhs to ₹9.2 Lakhs per year
12 years	₹9.6 Lakhs to ₹12.2 Lakhs per year
15 years	₹11.5 Lakhs to ₹14.7 Lakhs per year

and so on.

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Banco Products Purchase Manager Salaries

Banco Products Purchase Manager salary in India ranges between ₹8 Lakhs to ₹15 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Banco Products latest salaries received from various employees of Banco Products.