Funskool India new Product Development Engineer Salaries by 4 Employees (Updated 2024)

0 - 3 years exp.

₹2 Lakhs - ₹3 Lakhs

Low Confidence

Salary of majority employees

37% less than the average new Product Development Engineer Salary in Other Companies for 0 - 3 years of experience

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Salaries in different departments

Production, Manufacturing & Engineering new Product Development Engineer Salary 0 - 3 years exp. (AmbitionBox Estimate)	₹2 L/yr - ₹3 L/yr
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Research & Development new Product Development Engineer Salary 3 years exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.3 L/yr

Last Updated: 2 Nov 2023

Companies similar to Funskool India for new Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
HASBRO INDIA SOURCING & OPERATIONS LLP new Product Development Engineer Salary 6 - 9 years exp. (4 salaries)	₹8.1 L/yr - ₹9.8 L/yr 260% more
INDO-MIM new Product Development Engineer Salary 0 - 4 years exp. (73 salaries)	₹2.7 L/yr - ₹5.7 L/yr 59% more
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L.G.Balakrishnan & Bros new Product Development Engineer Salary 0 - 8 years exp. (44 salaries)	₹1.7 L/yr - ₹4.7 L/yr 31% more
JBM Group new Product Development Engineer Salary 1 - 8 years exp. (32 salaries)	₹2.3 L/yr - ₹5.7 L/yr 51% more
Wadhokar new Product Development Engineer Salary 0 - 4 years exp. (28 salaries)	₹1.5 L/yr - ₹4 L/yr 1% more

new Product Development Engineer salary at Funskool India ranges between ₹2 Lakhs to ₹3 Lakhs per year for employees with less than 1 year of experience to 3 years. Salary estimates are based on 4 latest salaries received from various employees of Funskool India.

Experience wise Funskool India new Product Development Engineer salaries

Last Updated: 2 Nov 2023

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2 L/yr - ₹2 L/yr
1 year (AmbitionBox Estimate)	₹0.9 L/yr - ₹2.5 L/yr
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2 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹3 L/yr
3 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹3 L/yr

Similar Designation salaries in Funskool India

Product Development Engineer Salary

(4 salaries)

₹2.25 L/yr - ₹4.03 L/yr

Development Engineer Salary

(AmbitionBox Estimate)

₹0.2 L/yr - ₹0.2 L/yr

Production Engineer Salary

(29 salaries)

₹1.2 L/yr - ₹3.7 L/yr

Project Engineer Salary

(AmbitionBox Estimate)

₹3.8 L/yr - ₹4.8 L/yr

Senior Software Engineer Salary

(AmbitionBox Estimate)

₹11.3 L/yr - ₹14.4 L/yr

Production Officer Salary

(AmbitionBox Estimate)

₹2.9 L/yr - ₹3.7 L/yr

Production Manager Salary

(6 salaries)

₹14.5 L/yr - ₹17.5 L/yr

Mechanical Engineer Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Senior Engineer Salary

(10 salaries)

₹3.82 L/yr - ₹5.07 L/yr

Production Supervisor Salary

(5 salaries)

₹2 L/yr - ₹3.05 L/yr

Salary related reviews for Funskool India

Area Sales Officer in Chennai

Full Time

Sales & Business Development Department

2.0

• posted on 07 Nov 2023

2.0

for Salary and Benefits

Likes

Good for beginners and that too just for one year. I gave rating bases on my working period. Now I think things changed little bit.

Dislikes

Very low Salary, no promotion, No incentive, increase product price to keep P&L somewhat okay.

Senior Accounts Executive in New Delhi

Full Time

Finance & Accounting Department

3.0

• posted on 18 Mar 2024

1.0

for Salary and Benefits

Likes

Job Security

Dislikes

The primary concern lies in its compensation structure, which falls below market standards, resulting in dissatisfaction among employees. Additionally, the lack of growth opportunities adds to the overall discontent. Appraisal increments are disappointingly low, further exacerbating the issue. These factors combined make it challenging for employees to feel valued and motivated within the company.

Product Development Engineer in Chennai

Engineering Department

3.0

• posted on 07 Aug 2022

5.0

for Salary and Benefits

Likes

Friendly peoples. You can learn.

Dislikes

Rapid travel..where will you going to be today that is not in your hand..married peoples think twice before apply for this position. Otherwise you will suffer.. if you are family concerned than don't come.

Graduate Student in Ranipet

Intern

Quality Assurance Department

1.0

• posted on 21 Aug 2023

1.0

for Salary and Benefits

Likes

Worst Management and Interview taken in any firm is this company just they cheat you and send you home back never believe and never go for interview in this as this company just waste our time and be wait for their calls with complete sincerity.

Dislikes

Everything mainly The Worst Management.

Operator in Goa

Other Department

3.0

• posted on 24 Apr 2021

1.0

for Salary and Benefits

Likes

nothing

Dislikes

contract basis work so dont have any security for workers,and aslo payment of each worker is abou 400-420₹ ,8hr/day but after deduction of contract charges and other like PF ESIC in hand payment will be 350-355 only, OT not available..Mobile not allowed.

see more salary related reviews

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Top trending discussions

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Funskool India new Product Development Engineer Salary FAQs

What is the salary of new Product Development Engineer at Funskool India?

new Product Development Engineer salary at Funskool India in India ranges between ₹2.0 Lakhs to ₹3.0 Lakhs for less than 1 year of experience to 3 years. According to our estimates it is 37% less than the average new Product Development Engineer Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Funskool India India.

How does the salary of a new Product Development Engineer at Funskool India India compare with the average salary range for this job?

The average salary of a new Product Development Engineer at Funskool India is 37% less than the average salary of a new Product Development Engineer in India. To know exact salary insights, login to view.

Which similar companies are paying more than Funskool India to a new Product Development Engineer in India?

HASBRO INDIA SOURCING & OPERATIONS LLP new Product Development Engineer Salary - ₹8.1 Lakhs to ₹9.8 Lakhs per year
INDO-MIM new Product Development Engineer Salary - ₹2.7 Lakhs to ₹5.7 Lakhs per year
JBM Group new Product Development Engineer Salary - ₹2.3 Lakhs to ₹5.7 Lakhs per year
L.G.Balakrishnan & Bros new Product Development Engineer Salary - ₹1.7 Lakhs to ₹4.7 Lakhs per year
Wadhokar new Product Development Engineer Salary - ₹1.5 Lakhs to ₹4.0 Lakhs per year

What is the estimated take home salary of a new Product Development Engineer at Funskool India in India?

The estimated take-home salary of a new Product Development Engineer at Funskool India ranges between ₹17,272 per month to ₹18,976 per month in India. The take-home salary calculation is based on the average Funskool India new Product Development Engineer salary in India which ranges between ₹2.0 Lakhs to ₹3.0 Lakhs per year for employees with less than 1 year of experience to 3 years. Check how did we calculate take home salary?

What is the notice period for new Product Development Engineer at Funskool India?

According to AmbitionBox, 50% of the Funskool India new Product Development Engineers reported a notice period of 1 Month, 50% reported a notice period of 2 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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Funskool India new Product Development Engineer Salaries

Funskool India new Product Development Engineer salary in India ranges between ₹2 Lakhs to ₹3 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Funskool India latest salaries received from various employees of Funskool India.