Forbes & Company Mumbai Product Manager Salaries by 6 Employees (Updated 2025)

12 - 26 years exp.

₹16.5 Lakhs - ₹21 Lakhs

Avg. annual salary

Monthly In-hand Salary

7% less than the average Product Manager Salary in Engineering & Construction Companies for 12 - 26 years of experience

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Salaries in different departments

Sales & Business Development Product Manager Salary 12 - 26 years exp. (5 salaries)	₹16.5 L/yr - ₹19 L/yr
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Marketing & Communication Product Manager Salary 20 years exp. (AmbitionBox Estimate)	₹18.6 L/yr - ₹21 L/yr

Last Updated: 22 Mar 2025

Companies similar to Forbes & Company for Product Manager in Mumbai

Forbes & Company Product Manager Salary

12 - 26 years exp. (6 salaries)

₹16.5 L/yr - ₹21 L/yr

Company name	Avg Annual Salary	Open Jobs
Mahindra Susten Product Manager Salary 9 - 11 years exp. (4 salaries)	₹12.9 L/yr - ₹20 L/yr 13% less
ICICI Bank Product Manager Salary 0 - 11 years exp. (2.1k salaries)	₹7.5 L/yr - ₹27 L/yr 8% less
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HDFC Bank Product Manager Salary 0 - 14 years exp. (631 salaries)	₹7 L/yr - ₹25.7 L/yr 19% less
Axis Bank Product Manager Salary 0 - 10 years exp. (443 salaries)	₹7 L/yr - ₹28.7 L/yr 12% less
Kotak Mahindra Bank Product Manager Salary 0 - 12 years exp. (429 salaries)	₹6.9 L/yr - ₹24 L/yr 23% less	1 job opening

Product Manager salary at Forbes & Company ranges between ₹16.5 Lakhs to ₹21 Lakhs per year for employees with experience between 12 years to 26 years. Salary estimates are based on 6 latest salaries received from various employees of Forbes & Company.

Experience wise Forbes & Company Product Manager salaries in Mumbai

Last Updated: 22 Mar 2025

Experience	Avg Annual Salary
12 years (AmbitionBox Estimate)	₹17 L/yr - ₹21.7 L/yr
13 years (AmbitionBox Estimate)	₹17 L/yr - ₹21.8 L/yr
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14 years (AmbitionBox Estimate)	₹17 L/yr - ₹21.8 L/yr
15+ years (5 salaries)	₹16.5 L/yr - ₹21 L/yr

Similar Designation salaries in Forbes & Company

Operations Manager Salary

(3 salaries)

₹28 L/yr - ₹38 L/yr

Salary related reviews for Forbes & Company

Junior Mechanical Engineer

Production, Manufacturing & Engineering Department

4.0

• posted on 24 Oct 2017

3.0

for Salary and Benefits

Likes

Overall the environment in company is quite good. Also the teammates & training is also good. Their is much more to learn.

Job security - Good

+1 more

Dislikes

The career growth is comparatively low. As per experience the salary is not good.

Senior Executive in Jaipur

Procurement & Supply Chain Department

5.0

• posted on 25 Nov 2019

1.0

for Salary and Benefits

Likes

...eed to over all look a good management,Who understand the company and employees. i worked in Forbes & Company Ltd for approx 20 years an d Half of my Life i have given to the company and they not given any compensation,Bones.In my 20 year experience i lern lot of thing in Forbes for my life ,I really LOVE Forbes and one day they through out from the company without any single compensation.Please i request you to Help me out and save my life.

Skill development - Good

+1 more

Dislikes

...ny Ltd,Means Half of the life to Forbes ,But they never understand to employees. 2016 They close the Shipping logistic,They not given us the Compensation and Bonus amount till date.

Salary - Bad

Marketing Manager in New Delhi

Marketing Department

5.0

• posted on 04 Feb 2020

4.0

for Salary and Benefits

Likes

This company gave oppertunities to learn and grow. There was in actual sense of delegation of powers down the line so that people develop themselves and grow up the ladder

Salary - Good

+6 more

Dislikes

They were little conservatives of the SALARY front

Freelance Writer in Los Angeles

Full Time

Content, Editorial & Journalism Department

5.0

• posted on 25 May 2022

4.0

for Salary and Benefits

Likes

The work-life balance can be well-maintained. The second best thing is, that the restrictions and limitations of the scope of work is limited and well-defined.

Salary - Good

+5 more

Dislikes

As freelancer, there is little growth in remuneration for the work I do.

Executive Qa Engineer in Aurangabad

Full Time

Engineering - Software & QA Department

5.0

• posted on 03 Aug 2023

4.0

for Salary and Benefits

Likes

Like company work company culture everything is systematically well managed.healthy environment provided by HR team and Management.want to rejoin the company I genuinely like company work culture.

Salary - Good

+6 more

Dislikes

Manager was strict proper training not provided to me about SAP and then some issues happened I suffer lot becouse of lack of guidance of senior.otherwise company culture is really very best.

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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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Forbes & Company Product Manager Salary FAQs

What is the salary of Product Manager at Forbes & Company in Mumbai?

The average salary of a Product Manager at Forbes & Company in Mumbai typically ranges from ₹16.5 Lakhs to ₹21.0 Lakhs per year, depending on experience (from 12 years to 26 years).

The top 10% of Product Manager in Mumbai at Forbes & Company earn more than ₹20.8 Lakhs per year, and the top 1% earn over ₹21.0 Lakhs per year. Product Manager Salaries at Forbes & Company 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 6 Forbes & Company employees in India.

What is the estimated take home salary of a Product Manager at Forbes & Company in Mumbai?

The estimated take-home salary of a Product Manager at Forbes & Company in Mumbai typically ranges from ₹1,26,313 to ₹1,30,410 per month. This is based on the average salary range of ₹16.5 Lakhs to ₹21.0 Lakhs per year for employees with experience ranging from 12 years to 26 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 6 salaries received from various employees of Forbes & Company. Check how we calculate in-hand salary with our in-hand salary calculator.

What is the salary of a Product Manager in companies similar to Forbes & Company in Mumbai?

The salary of a Product Manager at companies similar to Forbes & Company in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

ICICI Bank	₹7.5 Lakhs to ₹27.0 Lakhs per year
Axis Bank	₹7.0 Lakhs to ₹28.7 Lakhs per year
Mahindra Susten	₹12.9 Lakhs to ₹20.0 Lakhs per year
HDFC Bank	₹7.0 Lakhs to ₹25.7 Lakhs per year
Kotak Mahindra Bank	₹6.9 Lakhs to ₹24.0 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 Product Manager at Forbes & Company in Mumbai?

The salary growth for a Product Manager at Forbes & Company in Mumbai depends on factors such as experience, performance, and promotions. On average, a Product Manager in Mumbai can expect the following growth trajectory at Forbes & Company:

Experience	Average Salary Range
12 years	₹17.0 Lakhs to ₹21.7 Lakhs per year
13 years	₹17.0 Lakhs to ₹21.8 Lakhs per year
14 years	₹17.0 Lakhs to ₹21.8 Lakhs per year
15 years	₹16.5 Lakhs to ₹21.0 Lakhs per year

and so on.

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Forbes & Company Product Manager Salaries in Mumbai

Forbes & Company Product Manager salary in Mumbai ranges between ₹16.5 Lakhs to ₹21 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Forbes & Company latest salaries received from various employees of Forbes & Company.