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Chakr Innovation Product Development Engineer salaries in India (Updated 2025)

Annual salary range
1 - 4 years exp.
₹4.5 Lakhs - ₹8.1 Lakhs
Salary of majority employees
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Fixed (92%)
₹5.6 Lakhs
Variable (8%)
₹0.5 Lakh
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23% less than the average Product Development Engineer Salary in Industrial Machinery Companies for 1 - 4 years of experience

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Salaries in different departments

Research & Development
Product Development Engineer Salary
1 - 4 years exp. (5 salaries)
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₹4.5 L/yr - ₹8.1 L/yr

Data Science & Analytics
Product Development Engineer Salary
2 years exp. (AmbitionBox Estimate)
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₹6.3 L/yr - ₹7.7 L/yr

Last Updated: 22 Mar 2025

Companies similar to Chakr Innovation for Product Development Engineer

Company name Avg Annual Salary Open Jobs
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₹4.1 L/yr - ₹5.2 L/yr

arrow icon 20% less
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₹6.9 L/yr - ₹10.5 L/yr

arrow icon 41% more
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Phenom Product Development Engineer Salary

1 - 4 years exp. (204 salaries)

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₹5.8 L/yr - ₹21.4 L/yr

arrow icon 97% more
3 job openings
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₹5.1 L/yr - ₹9.5 L/yr

arrow icon 11% more
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₹4 L/yr - ₹15 L/yr

arrow icon 49% more
3 job openings
Product Development Engineer salary at Chakr Innovation ranges between ₹4.5 Lakhs to ₹8.1 Lakhs per year for employees with experience between 1 year to 4 years. Salary estimates are based on 7 latest salaries received from various employees of Chakr Innovation.

Latest annual salaries shared by Chakr Innovation Product Development Engineer

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Experience wise Chakr Innovation Product Development Engineer salaries

Last Updated: 22 Mar 2025

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹4.5 L/yr - ₹5 L/yr
2 years  (4 salaries)

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₹4.8 L/yr - ₹7 L/yr
3 years (AmbitionBox Estimate)

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₹6 L/yr - ₹7.7 L/yr
4 years (AmbitionBox Estimate)

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₹3.1 L/yr - ₹8.1 L/yr

Similar Designation salaries in Chakr Innovation

Development Engineer Salary
(AmbitionBox Estimate)
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₹5.9 L/yr - ₹7.5 L/yr
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₹2.2 L/yr - ₹4.7 L/yr
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₹4.05 L/yr - ₹15 L/yr
Senior Design Engineer Salary
(AmbitionBox Estimate)
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₹8.3 L/yr - ₹10.6 L/yr
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₹4.35 L/yr - ₹6.3 L/yr
Design Engineer Salary
(31 salaries)
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₹4 L/yr - ₹5.5 L/yr
Software Engineer Salary
(AmbitionBox Estimate)
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₹10.8 L/yr - ₹13.8 L/yr
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₹3.85 L/yr - ₹13.5 L/yr
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₹2.4 L/yr - ₹3.5 L/yr
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₹3.8 L/yr - ₹3.84 L/yr

Top skills at Chakr Innovation for Product Development Engineer

Troubleshooting Embedded Systems Product Development CAD Embedded Software HMI Programming New Product Development Electrical Engineering Product Design PLC

Salary related reviews for Chakr Innovation

Full Time

 · 

Production, Manufacturing & Engineering Department

1.0
  •  posted on 13 Feb 2025

3.0
 for  Salary and Benefits

Likes

Work life balance. Flexible working hours.

  • Work-life balance - Good

Dislikes

... tasks and product development, making it difficult to have long term vision. 3. Preference is given to IIT graduate in terms of salary and leadership roles, even though some freshers earns more than the employees with 10+ years of experience without contributing much value. 4. The work environment feels more like a college project team rather than a professional engineering team, lacking structure and discipline. 5. Tasks are poorly defined, with individuals working independently and focusing more on showcasing their knowledge rather than collaborating effectively. 6. Team work is lacking and there is a noticeable absence of coordination among team members. 7. The company faces financial limitations, which hinder product development and there have been delays in paying supplier invoices for months. 8. The team is disproportionately large compared to the actual amount of work leading to inefficiencies and overhead value. 9. Variable payouts has not been disbursed form last 1+ year leaving employees dissatisfied and demotivated. 10. Communication between departments is weak which leads to delay and misunderstandings. 11. The company struggles with maintaining a stable budget impacting its ability to invest in projects and promotes low job security. 12. Employees feel that their contributions are often overlooked and undervalued resulting in low morale.

read more
  • Skill development - Bad
  • +4 more

Full Time

 · 

Research & Development Department

2.0
  •  posted on 22 Sep 2024

1.0
 for  Salary and Benefits

Likes

... like to do. Project ki koi timeline nhi h..sirf baat krte h turnover bdhane ki. Salary not on time. No benefits. Ptani funds kaise raise mil jata h inko. Progress ke naam pe sirf documents bnate h. Practically koi baat nhi krta h, politics khelte h, sirf experiments chalte h.. Hiring and firing dono bulk m krte h. No job security. Job chodne k baad bhi paisa nhi dete h. And Hr bhi jhuut bolte h. I suggest don't serve notice period because kab denge kuch nhi pta. Don't join this organization.even offering you very much high. They play with your future life.

read more

Dislikes

Every thing

  • Salary - Bad
  • +5 more

Full Time

 · 

Customer Success, Service & Operations Department

1.0
  •  posted on 22 Feb 2025

1.0
 for  Salary and Benefits

Likes

...l ruined your career. Infact there is nothing like company now it's like a shop. They don't have money to pay salary, vendor payments, not even have money for production.

read more

Dislikes

...ut following any government norms and ask money to clear your Experience letter. 2) 10% of the salary they will fixed as a MBO ( Variable) which they never give 3) Worst management I have ever seen talk big and do nothing 4) Taking loan from bank to pay salary. 5) They have no buisness now still they are hiring without thinking the candidates career. 6) No job security 7) They are going to vanished in coming months from industries 8) 32 years old CEO failed to run company because they believe in dictatorship so arrogant. 9) For my experience letter i had to pay money.

read more
  • Salary - Bad
  • +6 more

Full Time

 · 

Research & Development Department

3.0
  •  posted on 22 Sep 2024

2.0
 for  Salary and Benefits

Likes

Flexible timing to come to office

  • Company culture - Excellent

Dislikes

...n if you are capable, you can be removed easily from company without any reason. Freshers are more entertained in case if salary and experience people has no facilities like such, health insurance is not for your parents.

read more
  • Salary - Poor
  • +4 more

Full Time

 · 

Production, Manufacturing & Engineering Department

1.0
  •  posted on 09 Jun 2024

2.0
 for  Salary and Benefits

Likes

Nothing

Dislikes

1. Salary is not paid on time due to lack of Funds. 2. No job stability 3. Owner of company (LALA JI) fires people without warning and is very unexperienced. 4. Design team does not know D of design and makes mistakes in every project. 5. Old associated team is very childish

read more
  • Salary - Poor
  • +6 more
see more salary related reviews

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Chakr Innovation Product Development Engineer Salary FAQs

What is the salary of Product Development Engineer at Chakr Innovation ?
The average salary of a Product Development Engineer at Chakr Innovation in India typically ranges from ₹4.5 Lakhs to ₹8.1 Lakhs per year, depending on experience (from 1 year to 4 years).

The top 10% of Product Development Engineer at Chakr Innovation earn more than ₹7.8 Lakhs per year, and the top 1% earn over ₹8.1 Lakhs per year. Product Development Engineer Salaries at Chakr Innovation 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 7 Chakr Innovation employees in India.
What is the estimated take home salary of a Product Development Engineer at Chakr Innovation in India?
The estimated take-home salary of a Product Development Engineer at Chakr Innovation in India typically ranges from ₹46,757 to ₹47,865 per month. This is based on the average salary range of ₹4.5 Lakhs to ₹8.1 Lakhs per year for employees with experience ranging from 1 year 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 7 salaries received from various employees of Chakr Innovation. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Product Development Engineer at Chakr Innovation ?
To be a Product Development Engineer at Chakr Innovation in india, the key skills required include:

  • - Troubleshooting
  • - Embedded Systems
  • - Product Development
  • - CAD
  • - Embedded Software

These skills are highly valued at Chakr Innovation and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than Chakr Innovation for Product Development Engineer in India?
Phenom ₹5.8 Lakhs to ₹21.4 Lakhs per year
TE Connectivity ₹4.0 Lakhs to ₹15.0 Lakhs per year
SPX Flow Technology ₹6.9 Lakhs to ₹10.5 Lakhs per year
Comviva Technology ₹5.1 Lakhs to ₹9.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Chakr Innovation, depending on the role and experience level.
What is the salary of a Product Development Engineer in companies similar to Chakr Innovation in India?
The salary of a Product Development Engineer at companies similar to Chakr Innovation in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Europa Locks ₹4.1 Lakhs to ₹5.2 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 Product Development Engineer at Chakr Innovation in India?
The salary growth for a Product Development Engineer at Chakr Innovation depends on factors such as experience, performance, and promotions. On average, a Product Development Engineer can expect the following growth trajectory at Chakr Innovation:

Experience Average Salary Range
1 year ₹4.5 Lakhs to ₹5.0 Lakhs per year
2 years ₹4.8 Lakhs to ₹7.0 Lakhs per year
3 years ₹6.0 Lakhs to ₹7.7 Lakhs per year
4 years ₹3.1 Lakhs to ₹8.1 Lakhs per year
and so on.

Tell us how to improve this page.

Chakr Innovation Product Development Engineer salary in India ranges between ₹4.5 Lakhs to ₹8.1 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 7 Chakr Innovation latest salaries received from various employees of Chakr Innovation.