Hofincons Infotech & Industrial Services Chennai Material Engineer Salaries by 20+ Employees

1 - 5 years exp.

₹1.8 Lakh - ₹4 Lakhs

Avg. annual salary

Monthly In-hand Salary

40% less than the average Material Engineer Salary in Industrial Machinery Companies for 1 - 5 years of experience

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Salaries in different departments

Procurement & Supply Chain Material Engineer Salary 1 - 5 years exp. (13 salaries)	₹1.8 L/yr - ₹4 L/yr
Production, Manufacturing & Engineering Material Engineer Salary 2 - 3 years exp. (AmbitionBox Estimate)	₹2.1 L/yr - ₹2.6 L/yr
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Quality Assurance Material Engineer Salary 2 - 3 years exp. (AmbitionBox Estimate)	₹2 L/yr - ₹3 L/yr
Research & Development Material Engineer Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹2 L/yr - ₹2.8 L/yr

Last Updated: 9 Dec 2024

Companies similar to Hofincons Infotech & Industrial Services for Material Engineer in Chennai

Hofincons Infotech & Industrial Services Material Engineer Salary

1 - 5 years exp. (21 salaries)

₹1.8 L/yr - ₹4 L/yr

Company name	Avg Annual Salary	Open Jobs
Prumatech Infosystems Material Engineer Salary 1 - 6 years exp. (55 salaries)	₹1 L/yr - ₹3.8 L/yr 12% more
Infoplus Technologies Material Engineer Salary 0 - 5 years exp. (18 salaries)	₹1 L/yr - ₹2.5 L/yr 28% less
Login to view exact salary
Coda Technology Solutions Material Engineer Salary 1 - 6 years exp. (16 salaries)	₹1.2 L/yr - ₹5 L/yr 31% more
Hofinsoft Technologies Material Engineer Salary 1 - 5 years exp. (12 salaries)	₹1.7 L/yr - ₹3.4 L/yr 5% less
Sl Lumax Material Engineer Salary 1 - 10 years exp. (10 salaries)	₹1.3 L/yr - ₹6.2 L/yr 45% more

Material Engineer salary at Hofincons Infotech & Industrial Services ranges between ₹1.8 Lakh to ₹4 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 21 latest salaries received from various employees of Hofincons Infotech & Industrial Services.

Experience wise Hofincons Infotech & Industrial Services Material Engineer salaries in Chennai

Last Updated: 9 Dec 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.4 L/yr
2 years (7 salaries)	₹2 L/yr - ₹3 L/yr
Login to view exact salary
3 years (7 salaries)	₹2 L/yr - ₹3 L/yr
4 years (4 salaries)	₹2.3 L/yr - ₹4 L/yr
5 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr

Similar Designation salaries in Hofincons Infotech & Industrial Services

Site Incharge Salary

(3 salaries)

₹2.1 L/yr - ₹3.2 L/yr

Senior Engineer Salary

(3 salaries)

₹3.45 L/yr - ₹6.6 L/yr

Site Engineer Salary

(3 salaries)

₹2.7 L/yr - ₹3.5 L/yr

Salary related reviews for Hofincons Infotech & Industrial Services

2.2

Rated by 9 employees for salary & benefits

Material Engineer in Chennai

Full Time

Procurement & Supply Chain Department

1.0

• posted on 12 Aug 2024

1.0

for Salary and Benefits

Likes

No likes

Dislikes

...ll Esic hospitals details.my worst time is worked as a employee in this company.i want to tell something starting salary in this company is 10000rs till now.

Salary - Bad

+6 more

Senior HR Executive in Bhubaneswar

Full Time

Human Resources Department

4.0

• posted on 05 Jun 2022

1.0

for Salary and Benefits

Likes

Current Management is not good for employee's job satisfaction and even payable statutory benefits are on hold without any advance notification.

Dislikes

New Management is not addressing our issues and even least bother to pay our benefits.

Salary - Bad

+5 more

B E Mechanical Engineer in Jamshedpur

Production, Manufacturing & Engineering Department

4.0

• posted on 24 Dec 2020

4.0

for Salary and Benefits

Likes

...agement is transparent.There is a huge cafeteria and gaming arcade for chilling.company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Salary - Good

+6 more

Electrical Maintenance Engineer in Bangalore / Bengaluru

Coimbatore Department

4.0

• posted on 24 Oct 2018

3.0

for Salary and Benefits

Likes

Actually it's a Fesility

Skill development - Good

+2 more

Dislikes

...t lot about how to manage with team Technician...and I learnt lots Technically.. They not Giving me better salary..and other aspects are not bad...

Mechanical Maintenance Fitter in Chennai

Production, Manufacturing & Engineering Department

4.0

• posted on 12 Jul 2018

4.0

for Salary and Benefits

Likes

my team so best team because honesty,hardworking and good manners. company paid salary in timely. compansation is decent.company follows comp. act of state/central govt.

Salary - Good

+3 more

Dislikes

increment so poor. growth is very slow.

Job security - Poor

see more salary related reviews

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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 Infotech & Industrial Services Material Engineer Salary FAQs

What is the salary of Material Engineer at Hofincons Infotech & Industrial Services in Chennai?

The average salary of a Material Engineer at Hofincons Infotech & Industrial Services in Chennai typically ranges from ₹1.8 Lakhs to ₹4.0 Lakhs per year, depending on experience (from 1 year to 5 years).

The top 10% of Material Engineer in Chennai at Hofincons Infotech & Industrial Services earn more than ₹3.0 Lakhs per year, and the top 1% earn over ₹4.0 Lakhs per year. Material Engineer Salaries at Hofincons Infotech & Industrial Services 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 20+ Hofincons Infotech & Industrial Services employees in India.

What is the estimated take home salary of a Material Engineer at Hofincons Infotech & Industrial Services in Chennai?

The estimated take-home salary of a Material Engineer at Hofincons Infotech & Industrial Services in Chennai typically ranges from ₹16,286 to ₹17,964 per month. This is based on the average salary range of ₹1.8 Lakhs to ₹4.0 Lakhs per year for employees with experience ranging from 1 year 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 20+ salaries received from various employees of Hofincons Infotech & Industrial Services. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Hofincons Infotech & Industrial Services for Material Engineer in India?

Sl Lumax	₹1.3 Lakhs to ₹6.2 Lakhs per year
Coda Technology Solutions	₹1.2 Lakhs to ₹5.0 Lakhs per year
Prumatech Infosystems	₹1.0 Lakhs to ₹3.8 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Hofincons Infotech & Industrial Services, depending on the role and experience level.

What is the salary of a Material Engineer in companies similar to Hofincons Infotech & Industrial Services in Chennai?

The salary of a Material Engineer at companies similar to Hofincons Infotech & Industrial Services in Chennai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Hofinsoft Technologies	₹1.7 Lakhs to ₹3.4 Lakhs per year
Infoplus Technologies	₹1.0 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 Infotech & Industrial Services in Chennai?

The salary growth for a Material Engineer at Hofincons Infotech & Industrial Services in Chennai depends on factors such as experience, performance, and promotions. On average, a Material Engineer in Chennai can expect the following growth trajectory at Hofincons Infotech & Industrial Services:

Experience	Average Salary Range
1 year	₹1.8 Lakhs to ₹2.4 Lakhs per year
2 years	₹2.0 Lakhs to ₹3.0 Lakhs per year
3 years	₹2.0 Lakhs to ₹3.0 Lakhs per year
4 years	₹2.3 Lakhs to ₹4.0 Lakhs per year

and so on.

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Hofincons Infotech & Industrial Services Material Engineer Salaries in Chennai

Hofincons Infotech & Industrial Services Material Engineer salary in Chennai ranges between ₹1.8 Lakh to ₹4 Lakhs with an average annual salary of ₹. Salary estimates are based on 21 Hofincons Infotech & Industrial Services latest salaries received from various employees of Hofincons Infotech & Industrial Services.