Ferromatik Milacron Mechanical Engineer Salaries by 7 Employees

3 - 7 years exp.

₹5.5 Lakhs - ₹7.2 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

37% more than the average Mechanical Engineer Salary in Industrial Machinery Companies for 3 - 7 years of experience

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Salaries in different departments

Production, Manufacturing & Engineering Mechanical Engineer Salary 3 - 6 years exp. (4 salaries)	₹6.2 L/yr - ₹7.2 L/yr
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Procurement & Supply Chain Mechanical Engineer Salary 4 - 7 years exp. (3 salaries)	₹5.5 L/yr - ₹6.8 L/yr

Last Updated: 17 Apr 2023

Companies similar to Ferromatik Milacron for Mechanical Engineer

Company name	Avg Annual Salary	Open Jobs
Super Auto India Mechanical Engineer Salary 0 - 3 years exp. (13 salaries)	₹1.2 L/yr - ₹3.5 L/yr 67% less
Sidel Mechanical Engineer Salary 0 - 8 years exp. (10 salaries)	₹5.5 L/yr - ₹10.5 L/yr 8% less
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Venus Industrial Corporation Mechanical Engineer Salary 1 - 7 years exp. (10 salaries)	₹2 L/yr - ₹4.8 L/yr 53% less
Danblock Brakes Mechanical Engineer Salary 1 - 10 years exp. (7 salaries)	₹2.3 L/yr - ₹5 L/yr 48% less
Truetzschler India Mechanical Engineer Salary 0 - 5 years exp. (7 salaries)	₹2.3 L/yr - ₹5.5 L/yr 43% less
Mitsubishi Heavy Industries Mechanical Engineer Salary 0 - 8 years exp. (6 salaries)	₹2 L/yr - ₹9 L/yr 27% less
Liebherr Appliances India Mechanical Engineer Salary 1 - 7 years exp. (6 salaries)	₹2.4 L/yr - ₹7 L/yr 30% less
Zeppelin Systems Mechanical Engineer Salary 6 - 8 years exp. (5 salaries)	₹6.2 L/yr - ₹6.9 L/yr 1% more
Valmont Structures Mechanical Engineer Salary 0 - 5 years exp. (5 salaries)	₹2.6 L/yr - ₹6.1 L/yr 38% less
ZTT India Mechanical Engineer Salary 4 - 8 years exp. (5 salaries)	₹2.7 L/yr - ₹5 L/yr 41% less
Trelleborg Mechanical Engineer Salary 2 - 5 years exp. (4 salaries)	₹2.5 L/yr - ₹3.6 L/yr 51% less
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Kyb Motorcycle Suspension Mechanical Engineer Salary 0 - 2 years exp. (4 salaries)	₹1.1 L/yr - ₹3 L/yr 67% less
MELCO Mechanical Engineer Salary 2 - 4 years exp. (4 salaries)	₹1.8 L/yr - ₹4.2 L/yr 63% less
Crane Process Flow Technologies India Mechanical Engineer Salary 2 - 6 years exp. (4 salaries)	₹8 L/yr - ₹8.5 L/yr 29% more
SPX Flow Technology Mechanical Engineer Salary 8 - 9 years exp. (4 salaries)	₹10 L/yr - ₹12 L/yr 77% more
Lloyd Electric & Engineering Mechanical Engineer Salary 3 - 6 years exp. (4 salaries)	₹2.3 L/yr - ₹3.2 L/yr 62% less
Sparkline Equipments Mechanical Engineer Salary 4 - 5 years exp. (3 salaries)	₹3.8 L/yr - ₹4.1 L/yr 39% less
The Acetech Machinery Components Mechanical Engineer Salary 2 - 8 years exp. (3 salaries)	₹2.2 L/yr - ₹3 L/yr 61% less
Manitou Group Mechanical Engineer Salary 0 - 1 year exp. (3 salaries)	₹2.6 L/yr - ₹4 L/yr 51% less

Mechanical Engineer salary at Ferromatik Milacron ranges between ₹5.5 Lakhs to ₹7.2 Lakhs per year for employees with experience between 3 years to 7 years. Salary estimates are based on 7 latest salaries received from various employees of Ferromatik Milacron.

Experience wise Ferromatik Milacron Mechanical Engineer salaries

Last Updated: 17 Apr 2023

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹6.2 L/yr - ₹11.5 L/yr
4 years (3 salaries)	₹6.2 L/yr - ₹6.8 L/yr
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5 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹11.5 L/yr
6 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹7.2 L/yr
7 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹11.5 L/yr

Similar Designation salaries in Ferromatik Milacron

Electrical Engineer Salary

(AmbitionBox Estimate)

₹3.5 L/yr - ₹4.5 L/yr

Senior Engineer Salary

(12 salaries)

₹8.55 L/yr - ₹12 L/yr

Service Engineer Salary

(12 salaries)

₹6 L/yr - ₹9 L/yr

Executive Engineer Salary

(5 salaries)

₹10 L/yr - ₹16.25 L/yr

Junior Engineer Salary

(8 salaries)

₹3.85 L/yr - ₹6 L/yr

Maintenance Engineer Salary

(AmbitionBox Estimate)

₹4 L/yr - ₹5.1 L/yr

Production Engineer Salary

(4 salaries)

₹1.4 L/yr - ₹4.5 L/yr

Technician Salary

(AmbitionBox Estimate)

₹2.3 L/yr - ₹2.9 L/yr

Senior Service Engineer Salary

(AmbitionBox Estimate)

₹7.2 L/yr - ₹9.2 L/yr

Deputy Manager Salary

(AmbitionBox Estimate)

₹17.3 L/yr - ₹22.1 L/yr

Salary related reviews for Ferromatik Milacron

4.0

Rated by 1 employees for salary & benefits

Senior Engineer in Ahmedabad

Full Time

Design & Development Department

1.0

• posted on 03 Jan 2023

2.0

for Salary and Benefits

Likes

Worst experience

Dislikes

...employees. If you are a resident or localized then only you can survive here. No hike, No time Promotions, Zero Learning, No facilities. Once you accept the offer and join the company thereafter no one cares about growth and development. The worst part is they offer the wrong profile to suitable candidates.

Salary - Poor

+5 more

Sales Coordinator in New Delhi

Full Time

Sales & Business Development Department

3.0

• posted on 09 Dec 2017

4.0

for Salary and Benefits

Likes

...ice and supportd to gali galoj. So I have to resign. Otherwise company is good. Gives good salary etc. But you have to ready listen gali galoj. And if you are against the same than HOD will create problem to you to leave the job.

Salary - Good

Dislikes

Too much Politics. Work environment is too bad due to abusing language. Salary part is good.

Skill development - Poor

+4 more

Procurement Executive in Ahmedabad

Procurement & Supply Chain Department

5.0

• posted on 28 Dec 2021

4.0

for Salary and Benefits

Likes

Good work environment and culture. Appraisals are fair and they give good salary hike and bonus every year

Salary - Good

+6 more

Dislikes

Career growth is slow. On the job training is not given to new jokiness. And i want to promote my self

Sales Manager in Chennai

Marketing & Communication Department

3.0

• posted on 02 Oct 2017

5.0

for Salary and Benefits

Likes

Good Learning experience for Freshers and Beginners. Good growth opportunities for Young and Talented.

Salary - Excellent

+1 more

Dislikes

Middle management career growth is snail slow process. For Management Employee Compensation is decent, but growth is slow. Work Pressure is high.

Promotions - Poor

Assistant Manager in Ahmedabad

Full Time

Research & Development Department

2.0

• posted on 07 Nov 2024

2.0

for Salary and Benefits

Likes

Worst company. Coperion, Milacron, Mold Master, these all companies are part of Hillenbrand Inc group which total wort is under 2B only. Companies operating from Ahmedabad has worst culture as they only promote and support local members. In few of the departments company lacking minimum required resources and company has one of the lowest annual growth offered. Not the top leadership but the mid leadership has full of politics and the pictures they presented are not a true representation of role, responsibilities, wages, annually growth officers, and facilities.

Job security - Good

Dislikes

Lacking professional environment and growth for employees.

Salary - Poor

+5 more

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Salary Discussions, Hike & Promotions

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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Ferromatik Milacron Mechanical Engineer Salary FAQs

What is the salary of Mechanical Engineer at Ferromatik Milacron ?

The average salary of a Mechanical Engineer at Ferromatik Milacron in India typically ranges from ₹5.5 Lakhs to ₹7.2 Lakhs per year, depending on experience (from 3 years to 7 years).

The top 10% of Mechanical Engineer at Ferromatik Milacron earn more than ₹7.1 Lakhs per year, and the top 1% earn over ₹7.2 Lakhs per year. Mechanical Engineer Salaries at Ferromatik Milacron 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 Ferromatik Milacron employees in India.

What is the estimated take home salary of a Mechanical Engineer at Ferromatik Milacron in India?

The estimated take-home salary of a Mechanical Engineer at Ferromatik Milacron in India typically ranges from ₹48,680 to ₹49,831 per month. This is based on the average salary range of ₹5.5 Lakhs to ₹7.2 Lakhs per year for employees with experience ranging from 3 years to 7 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 Ferromatik Milacron. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Ferromatik Milacron for Mechanical Engineer in India?

SPX Flow Technology	₹10.0 Lakhs to ₹12.0 Lakhs per year
Crane Process Flow Technologies India	₹8.0 Lakhs to ₹8.5 Lakhs per year
Zeppelin Systems	₹6.2 Lakhs to ₹6.9 Lakhs per year

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

What is the salary of a Mechanical Engineer in companies similar to Ferromatik Milacron in India?

The salary of a Mechanical Engineer at companies similar to Ferromatik Milacron in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Sidel	₹5.5 Lakhs to ₹10.5 Lakhs per year
Mitsubishi Heavy Industries	₹2.0 Lakhs to ₹9.0 Lakhs per year
Liebherr Appliances India	₹2.4 Lakhs to ₹7.0 Lakhs per year
Valmont Structures	₹2.6 Lakhs to ₹6.1 Lakhs per year
Sparkline Equipments	₹3.8 Lakhs to ₹4.1 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 Mechanical Engineer at Ferromatik Milacron in India?

The salary growth for a Mechanical Engineer at Ferromatik Milacron depends on factors such as experience, performance, and promotions. On average, a Mechanical Engineer can expect the following growth trajectory at Ferromatik Milacron:

Experience	Average Salary Range
3 years	₹6.2 Lakhs to ₹11.5 Lakhs per year
4 years	₹6.2 Lakhs to ₹6.8 Lakhs per year
5 years	₹6.3 Lakhs to ₹11.5 Lakhs per year
6 years	₹2.6 Lakhs to ₹7.2 Lakhs per year

and so on.

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Ferromatik Milacron Mechanical Engineer Salaries

Ferromatik Milacron Mechanical Engineer salary in India ranges between ₹5.5 Lakhs to ₹7.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Ferromatik Milacron latest salaries received from various employees of Ferromatik Milacron.