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HCL Group new Product Development Engineer salaries in India

Annual salary range
1 - 3 years exp.
₹3 Lakhs - ₹3.6 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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23% less than the average new Product Development Engineer Salary in IT Services & Consulting Companies for 1 - 3 years of experience

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Salaries in different departments

Research & Development
new Product Development Engineer Salary
2 - 3 years exp. (3 salaries)
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₹3 L/yr - ₹3.6 L/yr

Production, Manufacturing & Engineering
new Product Development Engineer Salary
2 - 3 years exp. (AmbitionBox Estimate)
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₹3.1 L/yr - ₹3.3 L/yr

Project & Program Management
new Product Development Engineer Salary
1 - 2 years exp. (AmbitionBox Estimate)
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₹3 L/yr - ₹3.2 L/yr

Last Updated: 11 Mar 2023

Companies similar to HCL Group for new Product Development Engineer

Company name Avg Annual Salary Open Jobs
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TCS new Product Development Engineer Salary

0 - 8 years exp. (11 salaries)

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₹3.4 L/yr - ₹7.6 L/yr

arrow icon 63% more
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₹4 L/yr - ₹7 L/yr

arrow icon 96% more
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₹9 L/yr - ₹16 L/yr

arrow icon 271% more
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₹2.7 L/yr - ₹5.5 L/yr

arrow icon 29% more
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₹1.7 L/yr - ₹4.7 L/yr

arrow icon 3% more
new Product Development Engineer salary at HCL Group ranges between ₹3 Lakhs to ₹3.6 Lakhs per year for employees with experience between 1 year to 3 years. Salary estimates are based on 7 latest salaries received from various employees of HCL Group.

Latest annual salaries shared by HCL Group new Product Development Engineer

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Experience wise HCL Group new Product Development Engineer salaries

Last Updated: 11 Mar 2023

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹3 L/yr - ₹5.5 L/yr
2 years  (3 salaries)

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₹3 L/yr - ₹3.3 L/yr
3 years  (3 salaries)

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₹3 L/yr - ₹3.6 L/yr

Similar Designation salaries in HCL Group

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₹2.55 L/yr - ₹4.05 L/yr
Development Engineer Salary
(AmbitionBox Estimate)
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₹11.7 L/yr - ₹15 L/yr
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₹6.45 L/yr - ₹23.71 L/yr
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₹2.5 L/yr - ₹4 L/yr
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₹5 L/yr - ₹10 L/yr
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₹2.8 L/yr - ₹7.75 L/yr
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₹4.4 L/yr - ₹18 L/yr
Production Officer Salary
(AmbitionBox Estimate)
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₹37.8 L/yr - ₹48.3 L/yr
Production Manager Salary
(AmbitionBox Estimate)
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₹40.5 L/yr - ₹51.7 L/yr
Design Engineer Salary
(170 salaries)
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₹2.1 L/yr - ₹8.1 L/yr

Salary related reviews for HCL Group

Full Time

 · 

Engineering - Software & QA Department

3.0
  •  posted on 25 Jan 2025

2.0
 for  Salary and Benefits

Likes

If we are looking for cool life then its good.. Work culture is good we can easily balance the prof and personal life.

  • Skill development - Good
  • +3 more

Dislikes

Don't expect the hike and promotions. If we are working for pay then I shouldn't recommand this company but am sure the life will go cool with less work presure here

read more
  • Salary - Poor
  • +1 more

Full Time

 · 

Engineering - Software & QA Department

5.0
  •  posted on 09 Nov 2024

4.0
 for  Salary and Benefits

Likes

...cern helping even non-IT people to upskill and grow their career in this field . Pay is fair and management is very helping .

read more
  • Salary - Good
  • +6 more

Dislikes

Career is jigsaw puzzle ,you will have to solve and find out your responsibility which as fresher was difficult to know right from beginning though it helped you grow and mature as individual.

read more

Full Time

 · 

Engineering - Software & QA Department

4.0
  •  posted on 14 Sep 2024

2.0
 for  Salary and Benefits

Likes

Excellent work place Cisco customers are good to work with to improve knowledge in all aspects

  • Skill development - Good
  • +1 more

Dislikes

Politics is higher and favoritism to particular people Poor hike only 5% in 5 years Comparison of salary and trying to bring people down

read more
  • Salary - Poor
  • +3 more

Full Time

 · 

BFSI, Investments & Trading Department

1.0
  •  posted on 30 Oct 2023

1.0
 for  Salary and Benefits

Likes

Only liked one thing that HCL provided voucher for aws certification.

Dislikes

...ed in offer letter also). Now this component has been brought under performance. Managers gives random rating so that employee gets less variable pay almost 30% 40%. If a manager gives good rating, the rating is decreased by HR on purpose (Confirmed by HR itself ) so that employees would be payed as much as less variable pay. There are times, when manager forgets to give you rating and in that case default rating will be 0 and employee would be payed 0% monthly variable and annual variable. Regarding certification Voucher - Need to follow up for many months to get the voucher. Weekend Work : In case if you have worked on weekend, employee does not get comp off.

read more
  • Salary - Bad
  • +6 more

Full Time

 · 

IT & Information Security Department

3.0
  •  posted on 15 Sep 2023

4.0
 for  Salary and Benefits

Likes

HCL is a very good company for you if you have assigned with some project. It will provide you complete salary even though you are intern or in bench.

read more
  • Salary - Good
  • +2 more

Dislikes

Mass layoffs in covid time they literally terminated 100s of people without showing any cause and they simply spoiled freshers careers without providing any technical training and without assigning any projects. Simply placed them on bench and terminated.

read more
  • Job security - Bad
  • +2 more
see more salary related reviews

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HCL Group new Product Development Engineer Salary FAQs

What is the salary of new Product Development Engineer at HCL Group ?
The average salary of a new Product Development Engineer at HCL Group in India typically ranges from ₹3.0 Lakhs to ₹3.6 Lakhs per year, depending on experience (from 1 year to 3 years).

The top 10% of new Product Development Engineer at HCL Group earn more than ₹3.5 Lakhs per year, and the top 1% earn over ₹3.6 Lakhs per year. new Product Development Engineer Salaries at HCL Group 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 7 HCL Group employees in India.
What is the estimated take home salary of a new Product Development Engineer at HCL Group in India?
The estimated take-home salary of a new Product Development Engineer at HCL Group in India typically ranges from ₹22,407 to ₹23,884 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹3.6 Lakhs per year for employees with experience ranging from 1 year to 3 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 7 salaries received from various employees of HCL Group. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than HCL Group for new Product Development Engineer in India?
HCLTech ₹9.0 Lakhs to ₹16.0 Lakhs per year
Tech Mahindra ₹4.0 Lakhs to ₹7.0 Lakhs per year
TCS ₹3.4 Lakhs to ₹7.6 Lakhs per year
INDO-MIM ₹2.7 Lakhs to ₹5.5 Lakhs per year
L.G.Balakrishnan & Bros ₹1.7 Lakhs to ₹4.7 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by HCL Group, depending on the role and experience level.
How the salary growth look like for a new Product Development Engineer at HCL Group in India?
The salary growth for a new Product Development Engineer at HCL Group depends on factors such as experience, performance, and promotions. On average, a new Product Development Engineer can expect the following growth trajectory at HCL Group:

Experience Average Salary Range
1 year ₹3.0 Lakhs to ₹5.5 Lakhs per year
2 years ₹3.0 Lakhs to ₹3.3 Lakhs per year
3 years ₹3.0 Lakhs to ₹3.6 Lakhs per year
and so on.

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HCL Group new Product Development Engineer salary in India ranges between ₹3 Lakhs to ₹3.6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 7 HCL Group latest salaries received from various employees of HCL Group.