Goldmedal Electricals new Product Development Engineer Salaries by 3 Employees (Updated 2025)

6 - 8 years exp.

₹4.9 Lakhs - ₹6.2 Lakhs

Low Confidence

Salary of majority employees

36% more than the average new Product Development Engineer Salary in Electrical Equipment Companies for 6 - 8 years of experience

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Salaries in different departments

Research & Development new Product Development Engineer Salary 7 - 8 years exp. (AmbitionBox Estimate)	₹4.9 L/yr - ₹5.9 L/yr
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Quality Assurance new Product Development Engineer Salary 6 years exp. (AmbitionBox Estimate)	₹4.9 L/yr - ₹5.9 L/yr

Last Updated: 22 Aug 2024

Companies similar to Goldmedal Electricals for new Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
Havells new Product Development Engineer Salary 1 - 7 years exp. (4 salaries)	₹5.5 L/yr - ₹8.6 L/yr 20% more
Schneider Electric new Product Development Engineer Salary 2 - 8 years exp. (3 salaries)	₹3.4 L/yr - ₹13 L/yr 44% more
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Bajaj Electricals new Product Development Engineer Salary 8 - 10 years exp. (3 salaries)	₹12.1 L/yr - ₹13.6 L/yr 133% more
Salzer Electronics new Product Development Engineer Salary 1 - 9 years exp. (8 salaries)	₹1.6 L/yr - ₹3.4 L/yr 51% less
Amphenol Interconnect new Product Development Engineer Salary 1 - 5 years exp. (7 salaries)	₹3 L/yr - ₹9.6 L/yr 2% less
Kyungshin Industrial Motherson new Product Development Engineer Salary 2 - 6 years exp. (4 salaries)	₹3 L/yr - ₹3.5 L/yr 42% less

new Product Development Engineer salary at Goldmedal Electricals ranges between ₹4.9 Lakhs to ₹6.2 Lakhs per year for employees with experience between 6 years to 8 years. Salary estimates are based on 3 latest salaries received from various employees of Goldmedal Electricals.

Experience wise Goldmedal Electricals new Product Development Engineer salaries

Last Updated: 22 Aug 2024

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹6.2 L/yr
7 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹6.2 L/yr
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8 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹6.2 L/yr

Similar Designation salaries in Goldmedal Electricals

Production Engineer Salary

(4 salaries)

₹2.8 L/yr - ₹5 L/yr

Product Engineer Salary

(4 salaries)

₹3.16 L/yr - ₹3.75 L/yr

Project Engineer Salary

(AmbitionBox Estimate)

₹4.1 L/yr - ₹5.3 L/yr

Senior Software Engineer Salary

(AmbitionBox Estimate)

₹7.6 L/yr - ₹9.7 L/yr

Design Engineer Salary

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₹5 L/yr - ₹5.45 L/yr

Software Engineer Salary

(4 salaries)

₹4 L/yr - ₹18.75 L/yr

Senior Engineer Salary

(AmbitionBox Estimate)

₹5.3 L/yr - ₹6.8 L/yr

Production Supervisor Salary

(4 salaries)

₹2.25 L/yr - ₹4 L/yr

Quality Engineer Salary

(7 salaries)

₹3.82 L/yr - ₹5.8 L/yr

Junior Engineer Salary

(AmbitionBox Estimate)

₹2.6 L/yr - ₹3.3 L/yr

Salary related reviews for Goldmedal Electricals

Territory Sales Manager in Chandigarh

Full Time

Sales & Business Development Department

2.0

• posted on 17 Jun 2024

2.0

for Salary and Benefits

Likes

Salary before 7th

Dislikes

Lala ji company style...one has to keep lala ji happy more to stay in the system....lala ji hear about you from multiple people and will do what your area manager says .9.30am to 7.30pm 6days working.

Salary - Poor

+6 more

Back End Executive in Vijayawada

Full Time

Finance & Accounting Department

5.0

• posted on 21 May 2023

4.0

for Salary and Benefits

Likes

Goldmedal Electricals at Vijayawada, AP divisional office, working here is superb, i have learned lots of things and fellowship persons and Senior persons are super supportive. Handling the Credit note issue and returns and replacements of goods management. Every things is good here

Salary - Good

+6 more

Dislikes

Starting salary for Highly educated persons and experience persons from other companies no hike at all, in some circumstances they are telling if you do not have goldmedal Electricals relevant experience you can not expect a starting hike as a experience holder. But they hike your salary very good manner every years do not need to switch.

Accountant in Cuttack

Full Time

Finance & Accounting Department

1.0

• posted on 14 Sep 2023

1.0

for Salary and Benefits

Likes

nothing to be like work sector is like a pan shop

Dislikes

they are is in initial level nothing they know about corporate ,no work life balance,no good salary,management has no power,the agents of branches are the head and owners they have all rights ,recruitment and fired the employees like the employees and nuts for them 👎

Salary - Bad

+6 more

Senior Accounts Executive in Vasai-Virar

Full Time

Finance & Accounting Department

1.0

• posted on 21 Mar 2024

1.0

for Salary and Benefits

Likes

Women are not safe in all vasai depo hod harrasement and demanding, any girl or women please don't join in account department hod is very bad treated and Black mailer I have 6 years experience in this company.

Dislikes

Hr is not supported 12 hrs duty to all men staff and every one faced many problems salary and others benefit for only chatu employe only.

Salary - Bad

+6 more

Back End Executive in Vijayawada

Finance & Accounting Department

5.0

• posted on 10 Nov 2022

3.0

for Salary and Benefits

Likes

It's is Superb. Just you have to start from start because you do not have any knowledge about this Company. once you get through, you can achieve a good heights as on sales and marketing field.

Skill development - Excellent

+5 more

Dislikes

A little bit not tuff for starting salary but after experiencing it pay good in comparison to other players in market.

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2w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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Goldmedal Electricals new Product Development Engineer Salary FAQs

What is the notice period for new Product Development Engineer at Goldmedal Electricals?

According to AmbitionBox, 100% of the Goldmedal Electricals new Product Development Engineers reported a notice period of 1 Month.This is based on 2 responses on AmbitionBox in last 2 years.

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Goldmedal Electricals new Product Development Engineer Salaries

Goldmedal Electricals new Product Development Engineer salary in India ranges between ₹4.9 Lakhs to ₹6.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Goldmedal Electricals latest salaries received from various employees of Goldmedal Electricals.