IFB Procurement Manager Salaries by 4 Employees (Updated 2025)

8 - 11 years exp.

₹17.5 Lakhs - ₹25 Lakhs

Low Confidence

Salary of majority employees

36% more than the average Procurement Manager Salary in Consumer Electronics & Appliances Companies for 8 - 11 years of experience

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Last Updated: 20 Feb 2025

Companies similar to IFB for Procurement Manager

Company name	Avg Annual Salary	Open Jobs
Whirlpool Procurement Manager Salary 4 - 14 years exp. (7 salaries)	₹13 L/yr - ₹29 L/yr 4% less
LG Electronics Procurement Manager Salary 11 - 25 years exp. (14 salaries)	₹17.5 L/yr - ₹23.5 L/yr At par
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Samsung Procurement Manager Salary 15 - 22 years exp. (10 salaries)	₹18 L/yr - ₹42.1 L/yr 51% more
Voltas Procurement Manager Salary 13 - 17 years exp. (10 salaries)	₹12.9 L/yr - ₹25 L/yr 16% less
Blue Star Procurement Manager Salary 13 - 19 years exp. (6 salaries)	₹19 L/yr - ₹26.5 L/yr 6% more
Siemens Procurement Manager Salary 7 - 18 years exp. (42 salaries)	₹8.9 L/yr - ₹28 L/yr 27% less
Bosch Procurement Manager Salary 10 - 14 years exp. (3 salaries)	₹14 L/yr - ₹21.3 L/yr 23% less
Orient Electric Procurement Manager Salary 10 - 13 years exp. (4 salaries)	₹10.2 L/yr - ₹18 L/yr 33% less
Bajaj Electricals Procurement Manager Salary 5 - 9 years exp. (3 salaries)	₹8.1 L/yr - ₹14.5 L/yr 43% less

Procurement Manager salary at IFB ranges between ₹17.5 Lakhs to ₹25 Lakhs per year for employees with experience between 8 years to 11 years. Salary estimates are based on 4 latest salaries received from various employees of IFB.

Experience wise IFB Procurement Manager salaries

Last Updated: 20 Feb 2025

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹15.8 L/yr - ₹20.1 L/yr
9 years (AmbitionBox Estimate)	₹16.2 L/yr - ₹20.7 L/yr
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10 years (AmbitionBox Estimate)	₹22.5 L/yr - ₹28.8 L/yr
11 years (AmbitionBox Estimate)	₹22.5 L/yr - ₹28.8 L/yr

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Salary related reviews for IFB

Procurement Officer in Bangalore / Bengaluru

Full Time

Procurement & Supply Chain Department

3.0

• posted on 18 Jul 2023

2.0

for Salary and Benefits

Likes

The only advantage I get is that once my CV get the name IFB will get a better jump and pay once I shift my job

Dislikes

No work culture and work life balance. Management is very poor in considering our work effort

Salary - Poor

+5 more

Senior Engineer Purchase in Kolkata

Full Time

Procurement & Supply Chain Department

2.0

• posted on 20 Nov 2023

2.0

for Salary and Benefits

Likes

Job security and on time salary.

Job security - Good

Dislikes

90 days notice period is mandatory here. If somebody leaves even on 89th day they will not hand over the release letter and they will not settle any full and final even after working for 10 yrs. They can transfer u any of their location at any point of time.

Salary - Poor

+2 more

Design Engineer in Bangalore / Bengaluru

Full Time

Research & Development Department

3.0

• posted on 22 Jan 2025

3.0

for Salary and Benefits

Likes

Its good place to learn about how manufacturing works, I consider if you are a fresher and salary is not an issue to survive

Skill development - Excellent

+2 more

Dislikes

Work life balance is not that great 6 days working. No shifts or work from home/Hybrid options Ctc to actual pay there are lot of cutting

Area Sales Manager in Kolkata

Full Time

Marketing & Communication Department

2.0

• posted on 12 Jan 2025

1.0

for Salary and Benefits

Likes

Products are good. Salary on time

Dislikes

Forget about incentive structure Biased promotion Super Toxic Environment Most National level people left HR dept is a mess Only buttering is the option No place for perfomer You may have to go to court for releasing letter if you don't serve full 90 days notice period Don't spoil your Future here

Salary - Bad

+3 more

Product Development Engineer in Kolkata

Full Time

Production, Manufacturing & Engineering Department

3.0

• posted on 01 Oct 2024

4.0

for Salary and Benefits

Likes

1.On time salary. 2.Lots of things for learning.

Salary - Good

+1 more

Dislikes

1. No week off. 2. No festival leave. 3. Job timing regularly 10 to 11 hrs without overtime pay. 4. Seniors treats with junior likes his servant. Bad working culture. 5. Too much hard work than expections.

Promotions - Poor

+3 more

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IFB Procurement Manager Salary FAQs

What is the salary of Procurement Manager at IFB?

Procurement Manager salary at IFB in India ranges between ₹17.5 Lakhs to ₹25.0 Lakhs for experience between 8 years to 11 years. According to our estimates it is 36% more than the average Procurement Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of IFB India.

How does the salary of a Procurement Manager at IFB India compare with the average salary range for this job?

The average salary of a Procurement Manager at IFB is 36% more than the average salary of a Procurement Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than IFB to a Procurement Manager in India?

Samsung Procurement Manager Salary - ₹18.0 Lakhs to ₹42.1 Lakhs per year
Blue Star Procurement Manager Salary - ₹19.0 Lakhs to ₹26.5 Lakhs per year
LG Electronics Procurement Manager Salary - ₹17.5 Lakhs to ₹23.5 Lakhs per year

What is the salary of a Procurement Manager in companies similar to IFB in India?

Whirlpool Procurement Manager Salary - ₹13.0 Lakhs to ₹29.0 Lakhs per year
Voltas Procurement Manager Salary - ₹12.9 Lakhs to ₹25.0 Lakhs per year
Bosch Procurement Manager Salary - ₹14.0 Lakhs to ₹21.3 Lakhs per year
Siemens Procurement Manager Salary - ₹8.9 Lakhs to ₹28.0 Lakhs per year
Orient Electric Procurement Manager Salary - ₹10.2 Lakhs to ₹18.0 Lakhs per year

What is the estimated take home salary of a Procurement Manager at IFB in India?

The estimated take-home salary of a Procurement Manager at IFB ranges between ₹1,39,084 per month to ₹1,44,236 per month in India. The take-home salary calculation is based on the average IFB Procurement Manager salary in India which ranges between ₹17.5 Lakhs to ₹25.0 Lakhs per year for employees with experience between 8 years to 11 years. Check how did we calculate take home salary?

What is the notice period for Procurement Manager at IFB?

According to AmbitionBox, 100% of the IFB Procurement Manager s reported a notice period of 3 Months.This is based on 3 responses on AmbitionBox in last 2 years.

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IFB Procurement Manager Salaries

IFB Procurement Manager salary in India ranges between ₹17.5 Lakhs to ₹25 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 IFB latest salaries received from various employees of IFB.