ELGI Equipments Principal Engineer Salaries by 10+ Employees (Updated 2025)

8 - 16 years exp.

₹8.9 Lakhs - ₹16.8 Lakhs

Salary of majority employees

Fixed (91%)

₹11.9 Lakhs

Variable (9%)

₹1.2 Lakh

58% less than the average Principal Engineer Salary in Industrial Machinery Companies for 8 - 16 years of experience

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Salaries in different departments

Engineering - Software & QA Principal Engineer Salary 8 - 16 years exp. (6 salaries)	₹8.9 L/yr - ₹13.6 L/yr
Research & Development Principal Engineer Salary 8 - 14 years exp. (6 salaries)	₹9.1 L/yr - ₹13.2 L/yr
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Engineering - Hardware & Networks Principal Engineer Salary 10 - 13 years exp. (AmbitionBox Estimate)	₹13 L/yr - ₹16.8 L/yr

Last Updated: 2 Jan 2025

Companies similar to ELGI Equipments for Principal Engineer

Company name	Avg Annual Salary	Open Jobs
Thermax Limited Principal Engineer Salary 4 years exp. (4 salaries)	₹5.4 L/yr - ₹6.9 L/yr 54% less
Siemens Principal Engineer Salary 12 - 14 years exp. (5 salaries)	₹19.9 L/yr - ₹43.5 L/yr 158% more
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ESAB Principal Engineer Salary 9 - 17 years exp. (4 salaries)	₹11.8 L/yr - ₹17.3 L/yr 21% more
HARMAN Principal Engineer Salary 9 - 15 years exp. (472 salaries)	₹13.5 L/yr - ₹50.6 L/yr 157% more	5 job openings
Hughes Systique Corporation Principal Engineer Salary 6 - 11 years exp. (265 salaries)	₹12 L/yr - ₹30 L/yr 68% more

Principal Engineer salary at ELGI Equipments ranges between ₹8.9 Lakhs to ₹16.8 Lakhs per year for employees with experience between 8 years to 16 years. Salary estimates are based on 14 latest salaries received from various employees of ELGI Equipments.

Experience wise ELGI Equipments Principal Engineer salaries

Last Updated: 2 Jan 2025

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹9.1 L/yr - ₹24.4 L/yr
9 years (AmbitionBox Estimate)	₹12.6 L/yr - ₹24.2 L/yr
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10 years (AmbitionBox Estimate)	₹11.8 L/yr - ₹16.8 L/yr
11 years (AmbitionBox Estimate)	₹13.2 L/yr - ₹23.8 L/yr
12 years (AmbitionBox Estimate)	₹12.5 L/yr - ₹23.5 L/yr
13 years (AmbitionBox Estimate)	₹8.9 L/yr - ₹13 L/yr
14 years (AmbitionBox Estimate)	₹9.9 L/yr - ₹23.1 L/yr
15+ years (3 salaries)	₹9.8 L/yr - ₹13.6 L/yr

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Similar Designation salaries in ELGI Equipments

Senior Engineer Salary

(133 salaries)

₹5 L/yr - ₹15 L/yr

Lead Engineer Salary

(24 salaries)

₹5.5 L/yr - ₹11 L/yr

Software Engineer Salary

(4 salaries)

₹4 L/yr - ₹9 L/yr

Senior Software Engineer Salary

(4 salaries)

₹6 L/yr - ₹7.37 L/yr

Technical Lead Salary

(AmbitionBox Estimate)

₹10 L/yr - ₹12.8 L/yr

Project Manager Salary

(7 salaries)

₹16 L/yr - ₹22 L/yr

Project Lead Salary

(AmbitionBox Estimate)

₹21.6 L/yr - ₹27.6 L/yr

Team Lead Salary

(AmbitionBox Estimate)

₹19.8 L/yr - ₹25.3 L/yr

Senior Associate Salary

(AmbitionBox Estimate)

₹5.5 L/yr - ₹7 L/yr

Salary related reviews for ELGI Equipments

1.6

Rated by 4 employees for salary & benefits

Senior Engineer in Coimbatore

Full Time

Procurement & Supply Chain Department

3.0

• posted on 16 Jan 2022

1.0

for Salary and Benefits

Likes

Elgi is growing company with good hopes and it's good for new joinee with 4 to 5 years of intial work life to learn new things and work freely. It gives more opportunity for a new aspirants.

Job security - Excellent

+1 more

Dislikes

The salary hikes are not upto the market standards .

Salary - Bad

+2 more

Senior Engineer in Coimbatore

Research & Development Department

3.0

• posted on 04 Aug 2019

3.0

for Salary and Benefits

Likes

MD's ideology is good. Besides that there are some very nice people at ElGi who are both friendly and supportive.

Skill development - Good

+1 more

Dislikes

Probably need to give more compensation pertaining to the market. Work culture is improving...but need to improve more

Area Sales Manager in Lucknow

Full Time

Sales & Business Development Department

5.0

• posted on 06 Nov 2024

5.0

for Salary and Benefits

Likes

Boss culture is not in Elgi . Boss are very supportive to drive and handle responsibilities

Salary - Excellent

+6 more

Dislikes

Car policy should be revised at manager level and salary structure at manager level should be distinguished with lower bands

Deputy Manager Accounts-OTC in Kolkata

Full Time

Finance & Accounting Department

4.0

• posted on 12 Dec 2024

4.0

for Salary and Benefits

Likes

... company’s growth. You easily access to talk & discussions with management team. Whatever situation is comes you get your salary last working day for the month.Work from anywhere facility world wide.You are responsible for your job, no one force you to do work for late evening or weekends.

Salary - Good

+4 more

Dislikes

As a finance professional under S& S team, that basis very low opportunity to next level as well as training & upgrade.

Deputy Manager in Coimbatore

Full Time

Research & Development Department

2.0

• posted on 24 May 2024

2.0

for Salary and Benefits

Likes

Quick design and development cycle. Complete ownership of the product design lifecycle.

Dislikes

R&D management Poor compensation Terrible work ethics Poor project planning Occasional harrassment High work pressure with poor design infrastructure

Salary - Poor

+5 more

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Salary Discussions, Hike & Promotions

a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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ELGI Equipments Principal Engineer Salary FAQs

What is the salary of Principal Engineer at ELGI Equipments?

Principal Engineer salary at ELGI Equipments in India ranges between ₹8.9 Lakhs to ₹16.8 Lakhs for experience between 8 years to 16 years. According to our estimates it is 58% less than the average Principal Engineer Salary in India. Salary estimates are based on 14 latest salaries received from various employees of ELGI Equipments India.

How does the salary of a Principal Engineer at ELGI Equipments India compare with the average salary range for this job?

The average salary of a Principal Engineer at ELGI Equipments is 58% less than the average salary of a Principal Engineer in India. To know exact salary insights, login to view.

Which similar companies are paying more than ELGI Equipments to a Principal Engineer in India?

Siemens Principal Engineer Salary - ₹19.9 Lakhs to ₹43.5 Lakhs per year
HARMAN Principal Engineer Salary - ₹13.5 Lakhs to ₹50.6 Lakhs per year
Hughes Systique Corporation Principal Engineer Salary - ₹12.0 Lakhs to ₹30.0 Lakhs per year
ESAB Principal Engineer Salary - ₹11.8 Lakhs to ₹17.3 Lakhs per year

What is the salary of a Principal Engineer in companies similar to ELGI Equipments in India?

Thermax Limited Principal Engineer Salary - ₹5.4 Lakhs to ₹6.9 Lakhs per year

What is the estimated take home salary of a Principal Engineer at ELGI Equipments in India?

The estimated take-home salary of a Principal Engineer at ELGI Equipments ranges between ₹92,275 per month to ₹94,747 per month in India. The take-home salary calculation is based on the average ELGI Equipments Principal Engineer salary in India which ranges between ₹8.9 Lakhs to ₹16.8 Lakhs per year for employees with experience between 8 years to 16 years. Check how did we calculate take home salary?

What is the notice period for Principal Engineer at ELGI Equipments?

According to AmbitionBox, 90% of the ELGI Equipments Principal Engineers reported a notice period of 3 Months, 10% reported a notice period of 1 Month.This is based on 10 responses on AmbitionBox in last 2 years.

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ELGI Equipments Principal Engineer Salaries

ELGI Equipments Principal Engineer salary in India ranges between ₹8.9 Lakhs to ₹16.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 14 ELGI Equipments latest salaries received from various employees of ELGI Equipments.