Chromo Health Care Senior Formulation Development Manager Salaries by 4 Employees

14 - 19 years exp.

₹11.5 Lakhs - ₹12.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

25% less than the average Senior Formulation Development Manager Salary for 14 - 19 years of experience

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Last Updated: 8 Apr 2024

Companies similar to Chromo Health Care for Senior Formulation Development Manager

Company name	Avg Annual Salary	Open Jobs
Ajanta Pharma Senior Formulation Development Manager Salary 13 - 15 years exp. (4 salaries)	₹20.4 L/yr - ₹23 L/yr 76% more
JAMP Pharma Corporation Senior Formulation Development Manager Salary 12 - 15 years exp. (4 salaries)	₹15 L/yr - ₹18 L/yr 36% more
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Kayura Effect Senior Formulation Development Manager Salary 4 - 5 years exp. (3 salaries)	₹8.3 L/yr - ₹12.1 L/yr 22% less
Selvok Pharmaceutical Senior Formulation Development Manager Salary 14 - 16 years exp. (3 salaries)	₹14.5 L/yr - ₹15.7 L/yr 23% more

Senior Formulation Development Manager salary at Chromo Health Care ranges between ₹11.5 Lakhs to ₹12.5 Lakhs per year for employees with experience between 14 years to 19 years. Salary estimates are based on 4 latest salaries received from various employees of Chromo Health Care.

Experience wise Chromo Health Care Senior Formulation Development Manager salaries

Last Updated: 8 Apr 2024

Experience	Avg Annual Salary
14 years (AmbitionBox Estimate)	₹10.4 L/yr - ₹13.2 L/yr
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15+ years (3 salaries)	₹11.3 L/yr - ₹14.4 L/yr

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My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Chromo Health Care Senior Formulation Development Manager Salary FAQs

What is the salary of Senior Formulation Development Manager at Chromo Health Care ?

The average salary of a Senior Formulation Development Manager at Chromo Health Care in India typically ranges from ₹11.5 Lakhs to ₹12.5 Lakhs per year, depending on experience (from 14 years to 19 years).

The top 10% of Senior Formulation Development Manager at Chromo Health Care earn more than ₹12.5 Lakhs per year, and the top 1% earn over ₹12.5 Lakhs per year. Senior Formulation Development Manager Salaries at Chromo Health Care 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 Chromo Health Care employees in India.

What is the estimated take home salary of a Senior Formulation Development Manager at Chromo Health Care in India?

The estimated take-home salary of a Senior Formulation Development Manager at Chromo Health Care in India typically ranges from ₹86,979 to ₹89,259 per month. This is based on the average salary range of ₹11.5 Lakhs to ₹12.5 Lakhs per year for employees with experience ranging from 14 years to 19 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 Chromo Health Care. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Chromo Health Care for Senior Formulation Development Manager in India?

Ajanta Pharma	₹20.4 Lakhs to ₹23.0 Lakhs per year
JAMP Pharma Corporation	₹15.0 Lakhs to ₹18.0 Lakhs per year
Selvok Pharmaceutical	₹14.5 Lakhs to ₹15.7 Lakhs per year

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

What is the salary of a Senior Formulation Development Manager in companies similar to Chromo Health Care in India?

The salary of a Senior Formulation Development Manager at companies similar to Chromo Health Care in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Kayura Effect

₹8.3 Lakhs to ₹12.1 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 Senior Formulation Development Manager at Chromo Health Care in India?

The salary growth for a Senior Formulation Development Manager at Chromo Health Care depends on factors such as experience, performance, and promotions. On average, a Senior Formulation Development Manager can expect the following growth trajectory at Chromo Health Care:

Experience	Average Salary Range
14 years	₹10.4 Lakhs to ₹13.2 Lakhs per year
15 years	₹11.3 Lakhs to ₹14.4 Lakhs per year

and so on.

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Chromo Health Care Senior Formulation Development Manager Salaries

Chromo Health Care Senior Formulation Development Manager salary in India ranges between ₹11.5 Lakhs to ₹12.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Chromo Health Care latest salaries received from various employees of Chromo Health Care.

Chromo Health Care Senior Formulation Development Manager salaries in India