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Elcompo Electronics Industries new Product Development Engineer salaries in India

Annual salary range
4 - 6 years exp.
₹2.5 Lakhs - ₹4.8 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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9% less than the average new Product Development Engineer Salary in Semiconductors Companies for 4 - 6 years of experience

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Salaries in different departments

Research & Development
new Product Development Engineer Salary
4 - 6 years exp. (3 salaries)
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₹3.7 L/yr - ₹4.8 L/yr

Production, Manufacturing & Engineering
new Product Development Engineer Salary
4 years exp. (AmbitionBox Estimate)
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₹2.3 L/yr - ₹2.8 L/yr

Last Updated: 12 Mar 2023

Companies similar to Elcompo Electronics Industries for new Product Development Engineer

Company name Avg Annual Salary Open Jobs
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₹2.4 L/yr - ₹4.6 L/yr

arrow icon 1% less
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₹5.4 L/yr - ₹6.9 L/yr

arrow icon 61% more
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₹2.7 L/yr - ₹5.5 L/yr

arrow icon 8% more
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₹1.8 L/yr - ₹5 L/yr

arrow icon 11% less
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₹1.8 L/yr - ₹5.7 L/yr

At par
new Product Development Engineer salary at Elcompo Electronics Industries ranges between ₹2.5 Lakhs to ₹4.8 Lakhs per year for employees with experience between 4 years to 6 years. Salary estimates are based on 4 latest salaries received from various employees of Elcompo Electronics Industries.

Latest annual salaries shared by Elcompo Electronics Industries new Product Development Engineer

1y ago
₹4.8 Lakhs
6 years exp.
1y ago
₹2.5 Lakhs
4 years exp.
1y ago
₹3.7 Lakhs
5 years exp.
1y ago
₹4.4 Lakhs
4 years exp.

Experience wise Elcompo Electronics Industries new Product Development Engineer salaries

Last Updated: 12 Mar 2023

Experience Avg Annual Salary
4 years (AmbitionBox Estimate)

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₹2.7 L/yr - ₹3.4 L/yr
5 years (AmbitionBox Estimate)

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₹3.4 L/yr - ₹4.3 L/yr
6 years (AmbitionBox Estimate)

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₹4 L/yr - ₹5.2 L/yr

Similar Designation salaries in Elcompo Electronics Industries

Product Development Engineer Salary
(AmbitionBox Estimate)
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₹1.4 L/yr - ₹1.7 L/yr
Development Engineer Salary
(AmbitionBox Estimate)
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₹1.8 L/yr - ₹2.3 L/yr
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₹1.25 L/yr - ₹4.2 L/yr
Assistant Engineer Salary
(AmbitionBox Estimate)
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₹0.2 L/yr - ₹0.2 L/yr
Design Engineer Salary
(AmbitionBox Estimate)
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₹3.7 L/yr - ₹4.7 L/yr
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₹3 L/yr - ₹3.4 L/yr
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₹2 L/yr - ₹6.2 L/yr

Salary related reviews for Elcompo Electronics Industries

Process in Production Department

4.0
  •  posted on 15 Jun 2018

3.0
 for  Salary and Benefits

Likes

It's a small industry. But give more important to quality in product. So our company get good ratings by customers. My higher officer's teach everything in process and production with joyfully.

read more
  • Skill development - Excellent
  • +2 more

Dislikes

Now I'm Executive Engineer but low salary, because of small industry. So my carrier growth also very slow down.

read more
  • Promotions - Poor
see more salary related reviews

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Elcompo Electronics Industries new Product Development Engineer Salary FAQs

What is the salary of new Product Development Engineer at Elcompo Electronics Industries ?
The average salary of a new Product Development Engineer at Elcompo Electronics Industries in India typically ranges from ₹2.5 Lakhs to ₹4.8 Lakhs per year, depending on experience (from 4 years to 6 years).

The top 10% of new Product Development Engineer at Elcompo Electronics Industries earn more than ₹4.8 Lakhs per year, and the top 1% earn over ₹4.8 Lakhs per year. new Product Development Engineer Salaries at Elcompo Electronics Industries 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 Elcompo Electronics Industries employees in India.
What is the estimated take home salary of a new Product Development Engineer at Elcompo Electronics Industries in India?
The estimated take-home salary of a new Product Development Engineer at Elcompo Electronics Industries in India typically ranges from ₹27,337 to ₹28,741 per month. This is based on the average salary range of ₹2.5 Lakhs to ₹4.8 Lakhs per year for employees with experience ranging from 4 years to 6 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 Elcompo Electronics Industries. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Elcompo Electronics Industries for new Product Development Engineer in India?
Tokai Rika Minda ₹5.4 Lakhs to ₹6.9 Lakhs per year
INDO-MIM ₹2.7 Lakhs to ₹5.5 Lakhs per year
JBM Group ₹1.8 Lakhs to ₹5.7 Lakhs per year

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

ILJIN ELECTRONICS ₹2.4 Lakhs to ₹4.6 Lakhs per year
L.G.Balakrishnan & Bros ₹1.8 Lakhs to ₹5.0 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 new Product Development Engineer at Elcompo Electronics Industries in India?
The salary growth for a new Product Development Engineer at Elcompo Electronics Industries depends on factors such as experience, performance, and promotions. On average, a new Product Development Engineer can expect the following growth trajectory at Elcompo Electronics Industries:

Experience Average Salary Range
4 years ₹2.7 Lakhs to ₹3.4 Lakhs per year
5 years ₹3.4 Lakhs to ₹4.3 Lakhs per year
6 years ₹4.0 Lakhs to ₹5.2 Lakhs per year
and so on.

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Elcompo Electronics Industries new Product Development Engineer salary in India ranges between ₹2.5 Lakhs to ₹4.8 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Elcompo Electronics Industries latest salaries received from various employees of Elcompo Electronics Industries.