Funskool India new Product Development Engineer Salaries by 5 Employees (Updated 2025)

0 - 13 years exp.

₹2 Lakhs - ₹5.5 Lakhs

Low Confidence

Salary of majority employees

At par with the average new Product Development Engineer Salary in Other Companies for 0 - 13 years of experience

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Salaries in different departments

Production, Manufacturing & Engineering new Product Development Engineer Salary 0 - 13 years exp. (4 salaries)	₹2 L/yr - ₹5.5 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: 7 Jan 2025

Companies similar to Funskool India for new Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
INDO-MIM new Product Development Engineer Salary 0 - 4 years exp. (70 salaries)	₹2.7 L/yr - ₹5.5 L/yr 3% more
L.G.Balakrishnan & Bros new Product Development Engineer Salary 1 - 8 years exp. (42 salaries)	₹1.8 L/yr - ₹5 L/yr 15% less
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JBM Group new Product Development Engineer Salary 0 - 8 years exp. (34 salaries)	₹1.8 L/yr - ₹5.7 L/yr 4% less
Wadhokar new Product Development Engineer Salary 0 - 4 years exp. (28 salaries)	₹1.5 L/yr - ₹4 L/yr 36% less
Nash Industries new Product Development Engineer Salary 1 - 6 years exp. (27 salaries)	₹1.8 L/yr - ₹6 L/yr 22% more

new Product Development Engineer salary at Funskool India ranges between ₹2 Lakhs to ₹5.5 Lakhs per year for employees with less than 1 year of experience to 13 years. Salary estimates are based on 5 latest salaries received from various employees of Funskool India.

Experience wise Funskool India new Product Development Engineer salaries

Last Updated: 7 Jan 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹1.9 L/yr - ₹2.5 L/yr
1 year (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.8 L/yr
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2 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹3.1 L/yr
3 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.4 L/yr
4 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
5 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr
6 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.3 L/yr
7 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.7 L/yr
8 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹5 L/yr
9 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.3 L/yr
10 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹5.6 L/yr
11 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹5.9 L/yr
12 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹6.2 L/yr
13 years (AmbitionBox Estimate)	₹5 L/yr - ₹6.3 L/yr

View all

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

(26 salaries)

₹1.3 L/yr - ₹3.7 L/yr

Project Engineer Salary

(AmbitionBox Estimate)

₹4.1 L/yr - ₹5.3 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)

₹4 L/yr - ₹5.81 L/yr

Production Supervisor Salary

(5 salaries)

₹2 L/yr - ₹3.05 L/yr

Salary related reviews for Funskool India

Senior Engineer- Maintenance in Panaji

Full Time

Production, Manufacturing & Engineering Department

3.0

• posted on 17 Mar 2025

2.0

for Salary and Benefits

Likes

As there was no separate section such as electrical and mechanical under the maintenance department, it was a great hands on experience in handling varied engineering discipline jobs.

Skill development - Excellent

+2 more

Dislikes

No work life balance, and no salary satisfaction.

Salary - Poor

+1 more

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.

Job security - Good

Dislikes

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

Salary - Poor

+5 more

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

Job security - Good

+1 more

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.

Salary - Bad

+2 more

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.

Salary - Excellent

+4 more

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.

Work satisfaction - Poor

+1 more

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.

Salary - Bad

+6 more

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Funskool India new Product Development Engineer Salary FAQs

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

The average salary of a new Product Development Engineer at Funskool India in India typically ranges from ₹2.0 Lakhs to ₹5.5 Lakhs per year, depending on experience (from Fresher to 13 years).

The top 10% of new Product Development Engineer at Funskool India earn more than ₹5.5 Lakhs per year, and the top 1% earn over ₹5.5 Lakhs per year. new Product Development Engineer Salaries at Funskool India 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 5 Funskool India employees in India.

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 in India typically ranges from ₹28,724 to ₹30,107 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹5.5 Lakhs per year for employees with experience ranging from Fresher to 13 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 5 salaries received from various employees of Funskool India. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Funskool India for new Product Development Engineer in India?

Nash Industries	₹1.8 Lakhs to ₹6.0 Lakhs per year
INDO-MIM	₹2.7 Lakhs to ₹5.5 Lakhs per year

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

What is the salary of a new Product Development Engineer in companies similar to Funskool India in India?

The salary of a new Product Development Engineer at companies similar to Funskool India in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

JBM Group	₹1.8 Lakhs to ₹5.7 Lakhs per year
L.G.Balakrishnan & Bros	₹1.8 Lakhs to ₹5.0 Lakhs per year
Wadhokar	₹1.5 Lakhs to ₹4.0 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 new Product Development Engineer at Funskool India in India?

The salary growth for a new Product Development Engineer at Funskool India depends on factors such as experience, performance, and promotions. On average, a new Product Development Engineer can expect the following growth trajectory at Funskool India:

Experience	Average Salary Range
Fresher	₹1.9 Lakhs to ₹2.5 Lakhs per year
1 year	₹2.2 Lakhs to ₹2.8 Lakhs per year
2 years	₹2.4 Lakhs to ₹3.1 Lakhs per year
3 years	₹2.7 Lakhs to ₹3.4 Lakhs per year

and so on.

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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 ₹5.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Funskool India latest salaries received from various employees of Funskool India.