Banco Products Purchase Officer Salaries by 5 Employees (Updated 2024)

0 - 2 years exp.

₹2.4 Lakhs - ₹4.2 Lakhs

Salary of majority employees

27% less than the average Purchase Officer Salary in Auto Components Companies for 0 - 2 years of experience

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Last Updated: 24 Nov 2024

Companies similar to Banco Products for Purchase Officer in Procurement & Supply Chain department

Company name	Avg Annual Salary	Open Jobs
Setco Automotive Purchase Officer Salary 6 - 10 years exp. (3 salaries)	₹2.5 L/yr - ₹4.6 L/yr 11% more
UNO Minda Purchase Officer Salary 6 - 12 years exp. (7 salaries)	₹3.5 L/yr - ₹7.5 L/yr 98% more
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Endurance Technologies Purchase Officer Salary 1 - 7 years exp. (7 salaries)	₹2.8 L/yr - ₹5 L/yr 35% more
Rico Auto Industries Purchase Officer Salary 3 - 7 years exp. (3 salaries)	₹3.4 L/yr - ₹7.5 L/yr 55% more
Fiem Industries Purchase Officer Salary 7 - 22 years exp. (6 salaries)	₹2.4 L/yr - ₹11 L/yr 108% more
JBM Group Purchase Officer Salary 0 - 4 years exp. (5 salaries)	₹1.6 L/yr - ₹3.6 L/yr 11% less
India Nippon Electricals Purchase Officer Salary 9 - 12 years exp. (4 salaries)	₹5.2 L/yr - ₹5.9 L/yr 82% more
Greaves Cotton Purchase Officer Salary 0 - 12 years exp. (4 salaries)	₹2.2 L/yr - ₹5 L/yr 28% more
Igarashi Motors Purchase Officer Salary 4 - 9 years exp. (3 salaries)	₹2.5 L/yr - ₹3 L/yr 8% less
Suprajit Engineering Purchase Officer Salary 9 - 12 years exp. (3 salaries)	₹3.6 L/yr - ₹4.1 L/yr 28% more
Magna International Purchase Officer Salary 13 - 15 years exp. (3 salaries)	₹3.5 L/yr - ₹10 L/yr 147% more
Login to view exact salary
Subros Purchase Officer Salary 2 - 7 years exp. (3 salaries)	₹3.3 L/yr - ₹5 L/yr 45% more

Purchase Officer salary at Banco Products ranges between ₹2.4 Lakhs to ₹4.2 Lakhs per year for employees with less than 1 year of experience to 2 years. Salary estimates are based on 5 latest salaries received from various employees of Banco Products.

Experience wise Banco Products Purchase Officer salaries in Procurement & Supply Chain department

Last Updated: 24 Nov 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.4 L/yr - ₹5.2 L/yr
1 year (AmbitionBox Estimate)	₹3 L/yr - ₹3.6 L/yr
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2 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹4.2 L/yr

Similar Designation salaries in Banco Products

Purchase Engineer Salary

(11 salaries)

₹3.2 L/yr - ₹5 L/yr

Purchase Manager Salary

(4 salaries)

₹8 L/yr - ₹15 L/yr

Senior Purchase Officer Salary

(AmbitionBox Estimate)

₹4.3 L/yr - ₹5.5 L/yr

Senior Officer Salary

(4 salaries)

₹2.7 L/yr - ₹11 L/yr

Purchase Executive Salary

(5 salaries)

₹4.52 L/yr - ₹5.6 L/yr

Officer Salary

(9 salaries)

₹2.28 L/yr - ₹4.2 L/yr

Senior Engineer Salary

(29 salaries)

₹3.5 L/yr - ₹8.1 L/yr

Buyer Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Store Executive Salary

(AmbitionBox Estimate)

₹4.1 L/yr - ₹5.2 L/yr

Deputy Manager Salary

(8 salaries)

₹7.5 L/yr - ₹15.4 L/yr

Salary related reviews for Banco Products

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.

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

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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 Purchase Officer Salary FAQs

What is the salary of Purchase Officer at Banco Products in Procurement & Supply Chain department?

Purchase Officer salary at Banco Products in Procurement & Supply Chain department in India ranges between ₹2.4 Lakhs to ₹4.2 Lakhs for less than 1 year of experience to 2 years. According to our estimates it is 27% less than the average Purchase Officer Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Banco Products India in Procurement & Supply Chain department.

How does the salary of a Purchase Officer at Banco Products India in Procurement & Supply Chain department compare with the average salary range for this job?

The average salary of a Purchase Officer at Banco Products in Procurement & Supply Chain department is 27% less than the average salary of a Purchase Officer in India. To know exact salary insights, login to view.

Which similar companies are paying more than Banco Products to a Purchase Officer in Procurement & Supply Chain department in India?

Magna International Purchase Officer Salary - ₹3.5 Lakhs to ₹10.0 Lakhs per year
Fiem Industries Purchase Officer Salary - ₹2.4 Lakhs to ₹11.0 Lakhs per year
UNO Minda Purchase Officer Salary - ₹3.5 Lakhs to ₹7.5 Lakhs per year
India Nippon Electricals Purchase Officer Salary - ₹5.2 Lakhs to ₹5.9 Lakhs per year
Rico Auto Industries Purchase Officer Salary - ₹3.4 Lakhs to ₹7.5 Lakhs per year

What is the salary of a Purchase Officer in Procurement & Supply Chain department in companies similar to Banco Products in India?

Subros Purchase Officer Salary - ₹3.3 Lakhs to ₹5.0 Lakhs per year
Endurance Technologies Purchase Officer Salary - ₹2.8 Lakhs to ₹5.0 Lakhs per year
Greaves Cotton Purchase Officer Salary - ₹2.2 Lakhs to ₹5.0 Lakhs per year
Suprajit Engineering Purchase Officer Salary - ₹3.6 Lakhs to ₹4.1 Lakhs per year
Setco Automotive Purchase Officer Salary - ₹2.5 Lakhs to ₹4.6 Lakhs per year

What is the estimated take home salary of a Purchase Officer in Procurement & Supply Chain department at Banco Products in India?

The estimated take-home salary of a Purchase Officer in Procurement & Supply Chain department at Banco Products ranges between ₹21,886 per month to ₹23,371 per month in India. The take-home salary calculation is based on the average Banco Products Purchase Officer salary in India which ranges between ₹2.4 Lakhs to ₹4.2 Lakhs per year for employees with less than 1 year of experience to 2 years. Check how did we calculate take home salary?

What is the notice period for Purchase Officer in Procurement & Supply Chain department at Banco Products?

According to AmbitionBox, 75% of the Banco Products Purchase Officers in Procurement & Supply Chain department reported a notice period of 1 Month, 25% reported a notice period of 2 Months.This is based on 4 responses on AmbitionBox in last 2 years.

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Banco Products Purchase Officer Salaries in Procurement & Supply Chain

Banco Products Purchase Officer salary in Procurement & Supply Chain department in India ranges between ₹2.4 Lakhs to ₹4.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Banco Products latest salaries received from various employees of Banco Products.

Banco Products Purchase Officer salaries in Procurement & Supply Chain in India

Companies similar to Banco Products for Purchase Officer in Procurement & Supply Chain department

Latest annual salaries shared by Banco Products Purchase Officer in Procurement & Supply Chain department

Experience wise Banco Products Purchase Officer salaries in Procurement & Supply Chain department

Similar Designation salaries in Banco Products

Salary related reviews for Banco Products

Middle Manager in Vadodara

Maintenance Engineer in Vadodara

Regional Manager in Gurgaon / Gurugram

Purchase/Vendor Development Manager in Vadodara

Accounts Officer

Banco Products Purchase Officer Salary FAQs

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