Forbes Marshall Product Manager Salaries by 40+ Employees (Updated 2025)

7 - 21 years exp.

₹10.6 Lakhs - ₹23.2 Lakhs

Salary of majority employees

20% less than the average Product Manager Salary in Industrial Machinery Companies for 7 - 21 years of experience

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Salaries in different departments

Sales & Business Development Product Manager Salary 7 - 21 years exp. (19 salaries)	₹12.3 L/yr - ₹23.2 L/yr
Production, Manufacturing & Engineering Product Manager Salary 12 - 20 years exp. (8 salaries)	₹10.8 L/yr - ₹20 L/yr
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Project & Program Management Product Manager Salary 9 - 18 years exp. (4 salaries)	₹16.6 L/yr - ₹20 L/yr
Research & Development Product Manager Salary 8 - 19 years exp. (3 salaries)	₹10.6 L/yr - ₹20.9 L/yr
Quality Assurance Product Manager Salary 9 - 10 years exp. (AmbitionBox Estimate)	₹13.4 L/yr - ₹17.7 L/yr

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Last Updated: 12 Feb 2025

Companies similar to Forbes Marshall for Product Manager

Company name	Avg Annual Salary	Open Jobs
Thermax Limited Product Manager Salary 1 - 22 years exp. (17 salaries)	₹7 L/yr - ₹19 L/yr 23% less
Kirloskar Brothers Product Manager Salary 5 - 23 years exp. (4 salaries)	₹8.4 L/yr - ₹13.6 L/yr 37% less
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CG Power and Industrial Solutions Product Manager Salary 3 - 11 years exp. (12 salaries)	₹17.1 L/yr - ₹23.5 L/yr 16% more
BHEL Product Manager Salary 2 - 15 years exp. (4 salaries)	₹17 L/yr - ₹30 L/yr 46% more
Siemens Product Manager Salary 7 - 17 years exp. (67 salaries)	₹10.7 L/yr - ₹40 L/yr 47% more	2 job openings
Larsen & Toubro Limited Product Manager Salary 1 - 14 years exp. (29 salaries)	₹6 L/yr - ₹22.4 L/yr 22% less
Tata Power Product Manager Salary 1 year exp. (3 salaries)	₹10.5 L/yr - ₹16 L/yr 20% less
ABB Product Manager Salary 4 - 19 years exp. (36 salaries)	₹11.6 L/yr - ₹40 L/yr 33% more
Schneider Electric Product Manager Salary 7 - 15 years exp. (27 salaries)	₹14 L/yr - ₹39 L/yr 43% more	2 job openings
Honeywell Automation Product Manager Salary 4 - 19 years exp. (21 salaries)	₹20 L/yr - ₹50.5 L/yr 77% more
Hilti Product Manager Salary 3 - 16 years exp. (18 salaries)	₹16.5 L/yr - ₹37 L/yr 79% more
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Kirloskar Oil Engines Product Manager Salary 3 - 15 years exp. (18 salaries)	₹5.2 L/yr - ₹14.8 L/yr 34% less
Zetwerk Product Manager Salary 2 - 9 years exp. (9 salaries)	₹12 L/yr - ₹40 L/yr 44% more
Cummins Product Manager Salary 3 - 16 years exp. (6 salaries)	₹13.4 L/yr - ₹35.6 L/yr 18% more
EMERSON PROCESS MANAGEMENT Product Manager Salary 6 - 17 years exp. (4 salaries)	₹24 L/yr - ₹40 L/yr 108% more
Flowserve Product Manager Salary 6 - 14 years exp. (4 salaries)	₹16.3 L/yr - ₹40 L/yr 43% more
Gmmco Product Manager Salary 4 - 10 years exp. (3 salaries)	₹13.5 L/yr - ₹21 L/yr 1% more
TÜV SÜD Product Manager Salary 13 - 16 years exp. (3 salaries)	₹15 L/yr - ₹27 L/yr 18% more
TechnipFMC Product Manager Salary 6 - 13 years exp. (3 salaries)	₹18 L/yr - ₹24.2 L/yr 20% more

Product Manager salary at Forbes Marshall ranges between ₹10.6 Lakhs to ₹23.2 Lakhs per year for employees with experience between 7 years to 21 years. Salary estimates are based on 47 latest salaries received from various employees of Forbes Marshall.

Experience wise Forbes Marshall Product Manager salaries

Last Updated: 12 Feb 2025

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	₹12.6 L/yr - ₹27.9 L/yr
8 years (AmbitionBox Estimate)	₹10.6 L/yr - ₹22 L/yr
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9 years (5 salaries)	₹13.4 L/yr - ₹22 L/yr
10 years (4 salaries)	₹13.4 L/yr - ₹20 L/yr
11 years (3 salaries)	₹11 L/yr - ₹20 L/yr
12 years (4 salaries)	₹10.8 L/yr - ₹30.2 L/yr
13 years (3 salaries)	₹12 L/yr - ₹22 L/yr
14 years (4 salaries)	₹14.2 L/yr - ₹22 L/yr
15+ years (20 salaries)	₹15.2 L/yr - ₹23.2 L/yr

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Similar Designation salaries in Forbes Marshall

Project Manager Salary

(16 salaries)

₹10.2 L/yr - ₹27.33 L/yr

Product Manager 2 Salary

(AmbitionBox Estimate)

₹12.8 L/yr - ₹16.3 L/yr

Production Manager Salary

(8 salaries)

₹8.25 L/yr - ₹28 L/yr

Deputy Manager Salary

(AmbitionBox Estimate)

₹16.7 L/yr - ₹21.3 L/yr

Senior Product Manager Salary

(AmbitionBox Estimate)

₹11.7 L/yr - ₹15 L/yr

Scrum Master Salary

(AmbitionBox Estimate)

₹9.3 L/yr - ₹11.8 L/yr

Business Analyst Salary

(AmbitionBox Estimate)

₹9.3 L/yr - ₹11.8 L/yr

Top skills at Forbes Marshall for Product Manager

Valves AutoCAD Mechanical Engineering Design Solid Edge ibr ANSI Fmea Design Analysis

Salary related reviews for Forbes Marshall

1.8

Rated by 6 employees for salary & benefits

Graduate Trainee in Pune

Full Time

Marketing & Communication Department

2.0

• posted on 25 Dec 2024

3.0

for Salary and Benefits

Likes

Here you are not suppressed by the heads. Managers and top management is ready to listen all the time. Even the owner interact with young people.

Dislikes

Canteen has no options, work life balance is worst 9.5 hours/day working, no/less salary hike, work satisfaction is zero, they will ask you to do anything irrespective of your profile whether you like it or not

Skill development - Bad

+3 more

Marketing Executive in Pune

Full Time

Marketing & Communication Department

2.0

• posted on 25 Jun 2022

3.0

for Salary and Benefits

Likes

The only good thing about this company is if you are looking to work somewhere for 30+ years this is the organisation for you. It helps you with a comfort zone and has good family spirit. Safe place for women to work.

Job security - Excellent

Dislikes

...growth opportunities for any individual is almost nil unless you are in sales. The salary is not in par with the industry, if you want salary growth this is not the place for you. Everything is manual here , there are no welcome kits , no vending machines, good cafeteria etc . Getting resources to help with projects and work is a problem. No perks or benefits aside from the salary.

Skill development - Poor

+3 more

Salesman in Bangalore Rural

Full Time

Sales & Business Development Department

3.0

• posted on 05 Aug 2023

3.0

for Salary and Benefits

Likes

Freshers can learn lot of things, Salary comes on time

Dislikes

Lot of internal politics Too much pressure for numbers Contribution goes on sharing basis to lot of people HR will find all the possible ways to delay the process, and not to give the increments.

Skill development - Poor

+4 more

Apprentice Trainee in Kasarwadi

Full Time

Customer Success, Service & Operations Department

4.0

• posted on 15 Jun 2023

4.0

for Salary and Benefits

Likes

Best company culture, good pay ,skill development,supportive staff

Salary - Good

+2 more

Dislikes

Lots of internal politics. Interaction with HR is just dream after joining. Very slow process of onboarding, less job security , after completing apprenticeship they offers contract based extension.

Skill development - Poor

+3 more

Production Engineer in Pune

Production, Manufacturing & Engineering Department

5.0

• posted on 03 May 2022

5.0

for Salary and Benefits

Likes

Forbes Marshall has a very good work Environment and culture. Teammates are supportive and the management is transparent. Company policies are very good and appraisals are nice.

Salary - Excellent

+6 more

Dislikes

...eople. There is a lot of politics and the management doesn't address our issues. Salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign. On the job training is not given to new joinees.

see more salary related reviews

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Salary Discussions, Hike & Promotions

Hi All, During a job opportunity, when the recruiter asked for my expected CTC, I mentioned 12 LPA, as my previous job's fixed salary was 7.8 LPA. Now, I’ve been shortlisted for the Product Designer role and have learned from some sources that their maximum budget is 14 LPA. How should I approach the negotiation? Would it be reasonable to ask for 14 LPA, considering I initially stated my expectation as 12 LPA? The job is based in Gurgaon, and I have 4.5 years of experience. Looking forward to your advice!

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Forbes Marshall Product Manager Salary FAQs

What is the salary of Product Manager at Forbes Marshall?

Product Manager salary at Forbes Marshall in India ranges between ₹10.6 Lakhs to ₹23.2 Lakhs for experience between 7 years to 21 years. According to our estimates it is 20% less than the average Product Manager Salary in India. Salary estimates are based on 47 latest salaries received from various employees of Forbes Marshall India.

How does the salary of a Product Manager at Forbes Marshall India compare with the average salary range for this job?

The average salary of a Product Manager at Forbes Marshall is 20% less than the average salary of a Product Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Product Manager at Forbes Marshall?

Valves, AutoCAD, Mechanical Engineering, Design and Solid Edge are some of the popular skills required to work as a Product Manager at Forbes Marshall India.

Which similar companies are paying more than Forbes Marshall to a Product Manager in India?

EMERSON PROCESS MANAGEMENT Product Manager Salary - ₹24.0 Lakhs to ₹40.0 Lakhs per year
Hilti Product Manager Salary - ₹16.5 Lakhs to ₹37.0 Lakhs per year
Honeywell Automation Product Manager Salary - ₹20.0 Lakhs to ₹50.5 Lakhs per year
Siemens Product Manager Salary - ₹10.7 Lakhs to ₹40.0 Lakhs per year
BHEL Product Manager Salary - ₹17.0 Lakhs to ₹30.0 Lakhs per year

What is the salary of a Product Manager in companies similar to Forbes Marshall in India?

Zetwerk Product Manager Salary - ₹12.0 Lakhs to ₹40.0 Lakhs per year
Flowserve Product Manager Salary - ₹16.3 Lakhs to ₹40.0 Lakhs per year
Schneider Electric Product Manager Salary - ₹14.0 Lakhs to ₹39.0 Lakhs per year
ABB Product Manager Salary - ₹11.6 Lakhs to ₹40.0 Lakhs per year
TechnipFMC Product Manager Salary - ₹18.0 Lakhs to ₹24.2 Lakhs per year

What is the estimated take home salary of a Product Manager at Forbes Marshall in India?

The estimated take-home salary of a Product Manager at Forbes Marshall ranges between ₹1,17,018 per month to ₹1,20,290 per month in India. The take-home salary calculation is based on the average Forbes Marshall Product Manager salary in India which ranges between ₹10.6 Lakhs to ₹23.2 Lakhs per year for employees with experience between 7 years to 21 years. Check how did we calculate take home salary?

What is the notice period for Product Manager at Forbes Marshall?

According to AmbitionBox, 59% of the Forbes Marshall Product Managers reported a notice period of 3 Months, 27% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 22 responses on AmbitionBox in last 2 years.

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Forbes Marshall Product Manager Salaries

Forbes Marshall Product Manager salary in India ranges between ₹10.6 Lakhs to ₹23.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 47 Forbes Marshall latest salaries received from various employees of Forbes Marshall.