Hofincons Group Chennai Material Engineer Salaries by 7 Employees (Updated 2024)

3 - 7 years exp.

₹2.5 Lakhs - ₹3.6 Lakhs

Salary of majority employees

19% less than the average Material Engineer Salary in Financial Services Companies for 3 - 7 years of experience

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Salaries in different departments

Research & Development Material Engineer Salary 4 - 5 years exp. (3 salaries)	₹3 L/yr - ₹3.6 L/yr
Production, Manufacturing & Engineering Material Engineer Salary 3 - 7 years exp. (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.3 L/yr
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Consulting Material Engineer Salary 3 years exp. (AmbitionBox Estimate)	₹2.5 L/yr - ₹3 L/yr
Procurement & Supply Chain Material Engineer Salary 3 years exp. (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.5 L/yr

Last Updated: 18 Oct 2023

Companies similar to Hofincons Group for Material Engineer in Chennai

Hofincons Group Material Engineer Salary

3 - 7 years exp. (7 salaries)

₹2.5 L/yr - ₹3.6 L/yr

Company name	Avg Annual Salary	Open Jobs
Prumatech Infosystems Material Engineer Salary 1 - 7 years exp. (55 salaries)	₹1 L/yr - ₹4 L/yr 12% less
Hofincons Infotech & Industrial Services Material Engineer Salary 1 - 5 years exp. (23 salaries)	₹1.3 L/yr - ₹3 L/yr 33% less
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Infoplus Technologies Material Engineer Salary 0 - 5 years exp. (18 salaries)	₹1 L/yr - ₹2.5 L/yr 47% less
Coda Technology Solutions Material Engineer Salary 0 - 6 years exp. (16 salaries)	₹1.2 L/yr - ₹5 L/yr 5% less
Hofinsoft Technologies Material Engineer Salary 1 - 5 years exp. (12 salaries)	₹1.7 L/yr - ₹3.4 L/yr 30% less

Material Engineer salary at Hofincons Group ranges between ₹2.5 Lakhs to ₹3.6 Lakhs per year for employees with experience between 3 years to 7 years. Salary estimates are based on 7 latest salaries received from various employees of Hofincons Group.

Experience wise Hofincons Group Material Engineer salaries in Chennai

Last Updated: 18 Oct 2023

Experience	Avg Annual Salary
3 years (3 salaries)	₹2.5 L/yr - ₹3 L/yr
4 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.2 L/yr
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5 years (AmbitionBox Estimate)	₹1.3 L/yr - ₹3.6 L/yr
6 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.9 L/yr
7 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹6.3 L/yr

Similar Designation salaries in Hofincons Group

Technical Support Engineer Salary

(3 salaries)

₹1.3 L/yr - ₹3.5 L/yr

BMS Engineer Salary

(3 salaries)

₹1.6 L/yr - ₹1.8 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.

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

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.

Dislikes

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

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.

Dislikes

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

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

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

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Hofincons Group Material Engineer Salary FAQs

What is the salary of Material Engineer at Hofincons Group Chennai?

Material Engineer salary at Hofincons Group in Chennai ranges between ₹2.5 Lakhs to ₹3.6 Lakhs for experience between 3 years to 7 years. According to our estimates it is 19% less than the average Material Engineer Salary in India. Salary estimates are based on 7 latest salaries received from various employees of Hofincons Group Chennai.

How does the salary of a Material Engineer at Hofincons Group Chennai compare with the average salary range for this job?

The average salary of a Material Engineer at Hofincons Group is 19% less than the average salary of a Material Engineer in Chennai. To know exact salary insights, login to view.

What is the salary of a Material Engineer in companies similar to Hofincons Group in Chennai?

Coda Technology Solutions Material Engineer Salary - ₹1.2 Lakhs to ₹5.0 Lakhs per year
Prumatech Infosystems Material Engineer Salary - ₹1.0 Lakhs to ₹4.0 Lakhs per year
Hofinsoft Technologies Material Engineer Salary - ₹1.7 Lakhs to ₹3.4 Lakhs per year
Hofincons Infotech & Industrial Services Material Engineer Salary - ₹1.3 Lakhs to ₹3.0 Lakhs per year
Infoplus Technologies Material Engineer Salary - ₹1.0 Lakhs to ₹2.5 Lakhs per year

What is the estimated take home salary of a Material Engineer at Hofincons Group in Chennai?

The estimated take-home salary of a Material Engineer at Hofincons Group ranges between ₹22,788 per month to ₹24,260 per month in Chennai. The take-home salary calculation is based on the average Hofincons Group Material Engineer salary in India which ranges between ₹2.5 Lakhs to ₹3.6 Lakhs per year for employees with experience between 3 years to 7 years. Check how did we calculate take home salary?

What is the notice period for Material Engineer at Hofincons Group in Chennai?

According to AmbitionBox, 100% of the Hofincons Group Material Engineers in Chennai reported a notice period of 1 Month.This is based on 1 response on AmbitionBox in last 2 years.

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Hofincons Group Material Engineer Salaries in Chennai

Hofincons Group Material Engineer salary in Chennai ranges between ₹2.5 Lakhs to ₹3.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Hofincons Group latest salaries received from various employees of Hofincons Group.