Hofincons Group Hyderabad / Secunderabad Material Engineer Salaries by 6 Employees

2 - 5 years exp.

₹2.2 Lakhs - ₹3.1 Lakhs

Avg. annual salary

Monthly In-hand Salary

34% less than the average Material Engineer Salary in Financial Services Companies for 2 - 5 years of experience

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Salaries in different departments

Consulting Material Engineer Salary 2 - 3 years exp. (AmbitionBox Estimate)	₹2.2 L/yr - ₹3.4 L/yr
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Procurement & Supply Chain Material Engineer Salary 3 - 5 years exp. (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.1 L/yr

Last Updated: 22 Sep 2024

Companies similar to Hofincons Group for Material Engineer in Hyderabad / Secunderabad

Hofincons Group Material Engineer Salary

2 - 5 years exp. (6 salaries)

₹2.2 L/yr - ₹3.1 L/yr

Company name	Avg Annual Salary	Open Jobs
Pilog Material Engineer Salary 0 - 7 years exp. (61 salaries)	₹1.5 L/yr - ₹5.6 L/yr 15% more
Prumatech Infosystems Material Engineer Salary 1 - 5 years exp. (5 salaries)	₹1 L/yr - ₹3.5 L/yr 18% less
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MTAR Technologies Material Engineer Salary 1 - 6 years exp. (4 salaries)	₹3 L/yr - ₹3.2 L/yr At par
PiLog Group Material Engineer Salary 0 - 3 years exp. (4 salaries)	₹2.2 L/yr - ₹2.5 L/yr 25% less
Aparna - Craft Material Engineer Salary 4 - 7 years exp. (4 salaries)	₹4.8 L/yr - ₹7.1 L/yr 86% more

Material Engineer salary at Hofincons Group ranges between ₹2.2 Lakhs to ₹3.1 Lakhs per year for employees with experience between 2 years to 5 years. Salary estimates are based on 6 latest salaries received from various employees of Hofincons Group.

Experience wise Hofincons Group Material Engineer salaries in Hyderabad / Secunderabad

Last Updated: 22 Sep 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr
3 years (3 salaries)	₹2.6 L/yr - ₹3.1 L/yr
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4 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
5 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr

Similar Designation salaries in Hofincons Group

Junior Engineer Salary

(8 salaries)

₹2.4 L/yr - ₹3 L/yr

Project Engineer Salary

(4 salaries)

₹3.5 L/yr - ₹4 L/yr

Salary related reviews for Hofincons Group

4.0

Rated by 2 employees for salary & benefits

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.

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

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.

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.

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.

Salary - Good

+6 more

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

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

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Salary Discussions, Hike & Promotions

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 Material Engineer Salary FAQs

What is the salary of Material Engineer at Hofincons Group in Hyderabad / Secunderabad?

The average salary of a Material Engineer at Hofincons Group in Hyderabad / Secunderabad typically ranges from ₹2.2 Lakhs to ₹3.1 Lakhs per year, depending on experience (from 2 years to 5 years).

The top 10% of Material Engineer in Hyderabad / Secunderabad at Hofincons Group earn more than ₹3.1 Lakhs per year, and the top 1% earn over ₹3.1 Lakhs per year. 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 6 Hofincons Group employees in India.

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

The estimated take-home salary of a Material Engineer at Hofincons Group in Hyderabad / Secunderabad typically ranges from ₹22,203 to ₹23,684 per month. This is based on the average salary range of ₹2.2 Lakhs to ₹3.1 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 6 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 Material Engineer in India?

Aparna - Craft	₹4.8 Lakhs to ₹7.1 Lakhs per year
Pilog	₹1.5 Lakhs to ₹5.6 Lakhs per year
MTAR Technologies	₹3.0 Lakhs to ₹3.2 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 Material Engineer in companies similar to Hofincons Group in Hyderabad / Secunderabad?

The salary of a Material Engineer at companies similar to Hofincons Group in Hyderabad / Secunderabad varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Prumatech Infosystems	₹1.0 Lakhs to ₹3.5 Lakhs per year
PiLog Group	₹2.2 Lakhs to ₹2.5 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 Material Engineer at Hofincons Group in Hyderabad / Secunderabad?

The salary growth for a Material Engineer at Hofincons Group in Hyderabad / Secunderabad depends on factors such as experience, performance, and promotions. On average, a Material Engineer in Hyderabad / Secunderabad can expect the following growth trajectory at Hofincons Group:

Experience	Average Salary Range
2 years	₹2.5 Lakhs to ₹3.2 Lakhs per year
3 years	₹2.6 Lakhs to ₹3.1 Lakhs per year
4 years	₹2.7 Lakhs to ₹3.5 Lakhs per year
5 years	₹2.8 Lakhs to ₹3.6 Lakhs per year

and so on.

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Hofincons Group Material Engineer Salaries in Hyderabad / Secunderabad

Hofincons Group Material Engineer salary in Hyderabad / Secunderabad ranges between ₹2.2 Lakhs to ₹3.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Hofincons Group latest salaries received from various employees of Hofincons Group.