Goldmedal Electricals Mumbai Tool Design Engineer Salaries by 3 Employees (Updated 2025)

1 - 9 years exp.

₹3.2 Lakhs - ₹5 Lakhs

Low Confidence

Salary of majority employees

13% more than the average Tool Design Engineer Salary in Electrical Equipment Companies for 1 - 9 years of experience

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Salaries in different departments

Engineering - Software & QA Tool Design Engineer Salary 1 year exp. (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.5 L/yr
Production, Manufacturing & Engineering Tool Design Engineer Salary 3 years exp. (AmbitionBox Estimate)	₹4.1 L/yr - ₹5 L/yr
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Research & Development Tool Design Engineer Salary 9 years exp. (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.5 L/yr

Last Updated: 12 Feb 2025

Companies similar to Goldmedal Electricals for Tool Design Engineer in Mumbai

Goldmedal Electricals Tool Design Engineer Salary

1 - 9 years exp. (3 salaries)

₹3.2 L/yr - ₹5 L/yr

Company name	Avg Annual Salary	Open Jobs
International Industrial Springs Tool Design Engineer Salary 2 - 7 years exp. (7 salaries)	₹2.7 L/yr - ₹5.1 L/yr 8% less
Connectwell Industries Tool Design Engineer Salary 0 - 8 years exp. (6 salaries)	₹2.4 L/yr - ₹6.9 L/yr 9% less
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Anandji Haridas & Co Tool Design Engineer Salary 1 - 4 years exp. (6 salaries)	₹2.2 L/yr - ₹3.5 L/yr 33% less
Abhijeet Dies & Tools Tool Design Engineer Salary 3 - 6 years exp. (5 salaries)	₹2.8 L/yr - ₹8.5 L/yr 8% more	1 job opening
Selec Controls Tool Design Engineer Salary 3 - 7 years exp. (4 salaries)	₹4 L/yr - ₹4.8 L/yr 6% more

Tool Design Engineer salary at Goldmedal Electricals ranges between ₹3.2 Lakhs to ₹5 Lakhs per year for employees with experience between 1 year to 9 years. Salary estimates are based on 3 latest salaries received from various employees of Goldmedal Electricals.

Experience wise Goldmedal Electricals Tool Design Engineer salaries in Mumbai

Last Updated: 12 Feb 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
3 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.2 L/yr
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9 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.8 L/yr

Similar Designation salaries in Goldmedal Electricals

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Electrical Engineer Salary

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₹5.7 L/yr - ₹7 L/yr

Product Design Engineer Salary

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₹4 L/yr - ₹5.4 L/yr

Salary related reviews for Goldmedal Electricals

2.0

Rated by 1 employees for salary & benefits

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 Tool Design Engineer Salary FAQs

What is the notice period for Tool Design Engineer at Goldmedal Electricals in Mumbai?

According to AmbitionBox, 100% of the Goldmedal Electricals Tool Design Engineers in Mumbai reported a notice period of 1 Month.This is based on 1 response on AmbitionBox in last 2 years.

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Goldmedal Electricals Tool Design Engineer Salaries in Mumbai

Goldmedal Electricals Tool Design Engineer salary in Mumbai ranges between ₹3.2 Lakhs to ₹5 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Goldmedal Electricals latest salaries received from various employees of Goldmedal Electricals.