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Hofincons Group

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3.9

based on 54 Reviews

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Hofincons Group Junior Material Engineer salaries in India

Annual salary range
2 - 5 years exp.
₹2.5 Lakhs - ₹3 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.
Avg. annual salary
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Monthly In-hand Salary

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25% more than the average Junior Material Engineer Salary in Financial Services Companies for 2 - 5 years of experience

Interested in this particular role?

Last Updated: 15 Mar 2023

Companies similar to Hofincons Group for Junior Material Engineer

Company name Avg Annual Salary Open Jobs
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Infoplus Technologies Junior Material Engineer Salary

0 - 3 years exp. (29 salaries)
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₹1 L/yr - ₹3 L/yr

arrow icon 34% less
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Coda Technology Solutions Junior Material Engineer Salary

0 - 4 years exp. (7 salaries)
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₹1.5 L/yr - ₹3 L/yr

arrow icon 29% less
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Infoplus MDM Junior Material Engineer Salary

2 - 4 years exp. (6 salaries)
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₹1.1 L/yr - ₹3.7 L/yr

arrow icon 36% less
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Pilog Junior Material Engineer Salary

1 - 2 years exp. (5 salaries)
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₹2 L/yr - ₹2.2 L/yr

arrow icon 24% less
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Spec Lead Industrial Services Junior Material Engineer Salary

1 - 4 years exp. (4 salaries)
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₹2.9 L/yr - ₹3.5 L/yr

arrow icon 16% more
Junior Material Engineer salary at Hofincons Group ranges between ₹2.5 Lakhs to ₹3 Lakhs per year for employees with experience between 2 years to 5 years. Salary estimates are based on 4 latest salaries received from various employees of Hofincons Group.

Latest annual salaries shared by Hofincons Group Junior Material Engineer

1y ago
₹3 Lakhs
4 years exp.
1y ago
₹2.5 Lakhs
3 years exp.
1y ago
₹2.5 Lakhs
2 years exp.

Experience wise Hofincons Group Junior Material Engineer salaries

Last Updated: 15 Mar 2023

Experience Avg Annual Salary
2 years (AmbitionBox Estimate)

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₹2.2 L/yr - ₹2.8 L/yr
3 years (AmbitionBox Estimate)

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₹2.2 L/yr - ₹2.8 L/yr
4 years (AmbitionBox Estimate)

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₹2.7 L/yr - ₹3.5 L/yr
5 years (AmbitionBox Estimate)

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₹2.7 L/yr - ₹3.5 L/yr

Similar Designation salaries in Hofincons Group

Junior Engineer Salary
(10 salaries)
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₹2.4 L/yr - ₹3.5 L/yr
Senior Engineer Salary
(6 salaries)
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₹4 L/yr - ₹5 L/yr
Project Engineer Salary
(6 salaries)
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₹3.5 L/yr - ₹6 L/yr
Senior Project Manager Salary
(AmbitionBox Estimate)
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₹15.8 L/yr - ₹20.2 L/yr
Safety Officer Salary
(3 salaries)
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₹2.4 L/yr - ₹4.05 L/yr
Project Manager Salary
(AmbitionBox Estimate)
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₹6.1 L/yr - ₹7.8 L/yr
Site Supervisor Salary
(AmbitionBox Estimate)
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₹2.9 L/yr - ₹3.7 L/yr
Supervisor Salary
(AmbitionBox Estimate)
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₹3.2 L/yr - ₹4 L/yr
Site Incharge Salary
(AmbitionBox Estimate)
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₹5 L/yr - ₹6.3 L/yr

Salary related reviews for Hofincons Group

Senior Engineer in Korba

Project & Program Management Department

5.0
  •  posted on 14 Feb 2018
4.0
 for  Salary and Benefits

Likes

Basically in India salaries are not paid in time but the company has a good reputation in salary payments. You can enjoy working in it.

read more
  • Salary - Good
    • +6 more

Dislikes

Nothing -As Mr.Abdul Khalam said -Love your work and not your company - So working is enjoyable when you sincerely work

Electrical Supervisor in Chennai

Production, Manufacturing & Engineering Department

5.0
  •  posted on 07 Jan 2019
3.0
 for  Salary and Benefits

Likes

In my current site be a great thank full to my head of company because this area learning things lot of available here and work environment its a very good conditions and last thing co workers also good

read more
  • Skill development - Good
    • +5 more

Dislikes

Salary wise worst otherwise its a good company

Mechanical Engineer in Chennai

Function and Erection Department

3.0
  •  posted on 01 Oct 2017
3.0
 for  Salary and Benefits

Likes

The company is good to adapt the knowledge of execution in mechanical but they don't be the perfect one at the process of salary, it will be not good to survive in all over India .They should be mind that and increase the salary for these peoples who doing the job as a site engineer.

read more
  • Skill development - Excellent
    • +2 more

Dislikes

Less job security and not able to do a life balance job.And low salary is very big issue on this company.

read more
  • Promotions - Poor
    • +1 more

Senior Safety Officer in UAIL, Rayagada, Odisha

Full Time

 · 

Environment Health & Safety Department

5.0
  •  posted on 13 May 2022
4.0
 for  Salary and Benefits

Likes

Its culture is more enthusiastic, Teammates are more supportive, management transparent. Company policy is good and also safety culture is more elicit so that it helps to gain the better mind set for the betterment of Hofincons.

read more
  • Salary - Good
    • +6 more

Dislikes

Management transparent but need more frequent at the assignment. Salary is decent but carrier growth is slow.

read more

Head Of Department Electrical And Instrumentation in Goa

Production, Manufacturing & Engineering Department

5.0
  •  posted on 12 May 2021
3.0
 for  Salary and Benefits

Likes

Job security depending on contract so rate Average, job culture good due to full responsibility with freedom also backup , company policy good but after lockdown some problems occurred as informed to low payment and not allowed for job joining and till jobless

read more
  • Skill development - Good
    • +4 more

Dislikes

Dislike as low job security while contract end with company or any problems, employee to be shifted or to be transferred to other company by Hofincons company but after lockdown same problem I faced

read more
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Salary Discussions, Hike & Promotions
2w (edited)
peacemaker
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·
works at
Georgia-Pacific
New offer. Confused.
My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?
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Hofincons Group Junior Material Engineer Salary FAQs

What is the salary of Junior Material Engineer at Hofincons Group ?
The average salary of a Junior Material Engineer at Hofincons Group in India typically ranges from ₹2.5 Lakhs to ₹3.0 Lakhs per year, depending on experience (from 2 years to 5 years).

The top 10% of Junior Material Engineer at Hofincons Group earn more than ₹3.0 Lakhs per year, and the top 1% earn over ₹3.0 Lakhs per year. Junior Material Engineer Salaries at Hofincons 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 4 Hofincons Group employees in India.
What is the estimated take home salary of a Junior Material Engineer at Hofincons Group in India?
The estimated take-home salary of a Junior Material Engineer at Hofincons Group in India typically ranges from ₹19,289 to ₹20,963 per month. This is based on the average salary range of ₹2.5 Lakhs to ₹3.0 Lakhs per year for employees with experience ranging from 2 years to 5 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 4 salaries received from various employees of Hofincons Group. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Hofincons Group for Junior Material Engineer in India?
Spec Lead Industrial Services ₹2.9 Lakhs to ₹3.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Hofincons Group, depending on the role and experience level.
What is the salary of a Junior Material Engineer in companies similar to Hofincons Group in India?
The salary of a Junior Material Engineer at companies similar to Hofincons Group in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Pilog ₹2.0 Lakhs to ₹2.2 Lakhs per year
Coda Technology Solutions ₹1.5 Lakhs to ₹3.0 Lakhs per year
Infoplus Technologies ₹1.0 Lakhs to ₹3.0 Lakhs per year
Infoplus MDM ₹1.1 Lakhs to ₹3.7 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 Junior Material Engineer at Hofincons Group in India?
The salary growth for a Junior Material Engineer at Hofincons Group depends on factors such as experience, performance, and promotions. On average, a Junior Material Engineer can expect the following growth trajectory at Hofincons Group:

Experience Average Salary Range
2 years ₹2.2 Lakhs to ₹2.8 Lakhs per year
3 years ₹2.2 Lakhs to ₹2.8 Lakhs per year
4 years ₹2.7 Lakhs to ₹3.5 Lakhs per year
5 years ₹2.7 Lakhs to ₹3.5 Lakhs per year
and so on.

Tell us how to improve this page.

Hofincons Group Junior Material Engineer salary in India ranges between ₹2.5 Lakhs to ₹3 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Hofincons Group latest salaries received from various employees of Hofincons Group.