IFB GLOBAL Tool Room Engineer Salaries by 4 Employees

2 - 5 years exp.

₹1.5 Lakh - ₹2.5 Lakhs

Salary of majority employees

38% less than the average Tool Room Engineer Salary for 2 - 5 years of experience

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Last Updated: 9 Oct 2024

Companies similar to IFB GLOBAL for Tool Room Engineer

Company name	Avg Annual Salary	Open Jobs
Larsen & Toubro Limited Tool Room Engineer Salary 0 - 6 years exp. (13 salaries)	₹2.1 L/yr - ₹2.3 L/yr 2% less
Shaily Engineering Plastics Ltd Tool Room Engineer Salary 3 - 8 years exp. (47 salaries)	₹2.5 L/yr - ₹5 L/yr 75% more
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Motherson Automotive Technologies and Engineering Tool Room Engineer Salary 1 - 9 years exp. (47 salaries)	₹2 L/yr - ₹7.2 L/yr 75% more
Varroc Group Tool Room Engineer Salary 2 - 8 years exp. (42 salaries)	₹2.7 L/yr - ₹5.1 L/yr 67% more
Force Motors Tool Room Engineer Salary 1 - 8 years exp. (35 salaries)	₹1.4 L/yr - ₹8 L/yr 78% more

Tool Room Engineer salary at IFB GLOBAL ranges between ₹1.5 Lakh to ₹2.5 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 IFB GLOBAL .

Experience wise IFB GLOBAL Tool Room Engineer salaries

Last Updated: 9 Oct 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹1.3 L/yr - ₹1.7 L/yr
3 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr
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4 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr
5 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr

Similar Designation salaries in IFB GLOBAL

Senior Engineer Salary

(5 salaries)

₹3.8 L/yr - ₹9.52 L/yr

Quality Engineer Salary

(4 salaries)

₹1.9 L/yr - ₹5.5 L/yr

Junior Engineer Salary

(AmbitionBox Estimate)

₹3.6 L/yr - ₹4.6 L/yr

Executive Engineer Salary

(AmbitionBox Estimate)

₹4.4 L/yr - ₹5.6 L/yr

Mechanical Engineer Salary

(AmbitionBox Estimate)

₹1.4 L/yr - ₹1.7 L/yr

Technician Salary

(AmbitionBox Estimate)

₹4.1 L/yr - ₹5.3 L/yr

Deputy Manager Salary

(7 salaries)

₹12.1 L/yr - ₹19.6 L/yr

Salary related reviews for IFB GLOBAL

3.0

Rated by 1 employees for salary & benefits

Safety Associate in Goa

Full Time

Environment Health & Safety Department

4.0

• posted on 22 Aug 2023

3.0

for Salary and Benefits

Likes

The company promotes a good health and safety culture among the employees.

Skill development - Good

+2 more

Dislikes

There is a break system for workers working under contract for every 6 months. where new employees join and need to be trained again.

Job security - Poor

+1 more

Electrical Maintenance Technician in Verna

Full Time

Production, Manufacturing & Engineering Department

1.0

• posted on 12 Oct 2023

1.0

for Salary and Benefits

Likes

Food

Dislikes

Worst management from managers to Higher level , including HR ,they don't care about ground level staff ,know only to fill their pockets , eating the company, (IFB AC PLANT )only ,if ur doubting my statement then take a survey or ask the ex employees who left the company please do not join this company if u don't want to spoil ur career

Salary - Bad

+6 more

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IFB GLOBAL Tool Room Engineer Salary FAQs

What is the salary of Tool Room Engineer at IFB GLOBAL ?

The average salary of a Tool Room Engineer at IFB GLOBAL in India typically ranges from ₹1.5 Lakhs to ₹2.5 Lakhs per year, depending on experience (from 2 years to 5 years).

The top 10% of Tool Room Engineer at IFB GLOBAL earn more than ₹2.5 Lakhs per year, and the top 1% earn over ₹2.5 Lakhs per year. Tool Room Engineer Salaries at IFB GLOBAL 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 IFB GLOBAL employees in India.

What is the estimated take home salary of a Tool Room Engineer at IFB GLOBAL in India?

The estimated take-home salary of a Tool Room Engineer at IFB GLOBAL in India typically ranges from ₹15,495 to ₹17,105 per month. This is based on the average salary range of ₹1.5 Lakhs to ₹2.5 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 IFB GLOBAL . Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than IFB GLOBAL for Tool Room Engineer in India?

Force Motors	₹1.4 Lakhs to ₹8.0 Lakhs per year
Shaily Engineering Plastics Ltd	₹2.5 Lakhs to ₹5.0 Lakhs per year
Motherson Automotive Technologies and Engineering	₹2.0 Lakhs to ₹7.2 Lakhs per year
Varroc Group	₹2.7 Lakhs to ₹5.1 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by IFB GLOBAL , depending on the role and experience level.

What is the salary of a Tool Room Engineer in companies similar to IFB GLOBAL in India?

The salary of a Tool Room Engineer at companies similar to IFB GLOBAL in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Larsen & Toubro Limited

₹2.1 Lakhs to ₹2.3 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 Tool Room Engineer at IFB GLOBAL in India?

The salary growth for a Tool Room Engineer at IFB GLOBAL depends on factors such as experience, performance, and promotions. On average, a Tool Room Engineer can expect the following growth trajectory at IFB GLOBAL :

Experience	Average Salary Range
2 years	₹1.3 Lakhs to ₹1.7 Lakhs per year
3 years	₹2.3 Lakhs to ₹2.9 Lakhs per year
4 years	₹2.3 Lakhs to ₹2.9 Lakhs per year
5 years	₹2.3 Lakhs to ₹2.9 Lakhs per year

and so on.

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IFB GLOBAL Tool Room Engineer Salaries

IFB GLOBAL Tool Room Engineer salary in India ranges between ₹1.5 Lakh to ₹2.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 IFB GLOBAL latest salaries received from various employees of IFB GLOBAL .