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IFB Product Development Executive salaries in India

Annual salary range
7 - 16 years exp.
₹6.4 Lakhs - ₹7.2 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Avg. annual salary
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Monthly In-hand Salary

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34% more than the average Product Development Executive Salary in Consumer Electronics & Appliances Companies for 7 - 16 years of experience

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Last Updated: 13 May 2024

Companies similar to IFB for Product Development Executive

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₹5.7 L/yr - ₹13 L/yr

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₹1.7 L/yr - ₹3.5 L/yr

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₹3.5 L/yr - ₹8.2 L/yr

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Product Development Executive salary at IFB ranges between ₹6.4 Lakhs to ₹7.2 Lakhs per year for employees with experience between 7 years to 16 years. Salary estimates are based on 8 latest salaries received from various employees of IFB.

Latest annual salaries shared by IFB Product Development Executive

8mo ago
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16 years exp.
9mo ago
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9 years exp.
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7 years exp.
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7 years exp.
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7 years exp.
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7 years exp.
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7 years exp.
1y ago
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14 years exp.

Experience wise IFB Product Development Executive salaries

Last Updated: 13 May 2024

Experience Avg Annual Salary
7 years  (5 salaries)

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₹7 L/yr - ₹7.2 L/yr
8 years (AmbitionBox Estimate)

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₹6.3 L/yr - ₹8.1 L/yr
9 years (AmbitionBox Estimate)

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₹6.3 L/yr - ₹8.1 L/yr
10 years (AmbitionBox Estimate)

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₹6.3 L/yr - ₹8.1 L/yr
11 years (AmbitionBox Estimate)

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₹6.3 L/yr - ₹8.1 L/yr
View all

Similar Designation salaries in IFB

Product Development Engineer Salary
(AmbitionBox Estimate)
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₹0.9 L/yr - ₹1.2 L/yr
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₹5.4 L/yr - ₹7.8 L/yr
Production Officer Salary
(AmbitionBox Estimate)
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₹1.4 L/yr - ₹1.7 L/yr
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₹1.48 L/yr - ₹6.47 L/yr
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₹1.5 L/yr - ₹4.45 L/yr
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₹5 L/yr - ₹21.42 L/yr
Product Engineer Salary
(AmbitionBox Estimate)
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₹9.9 L/yr - ₹12.6 L/yr
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₹4 L/yr - ₹5 L/yr
Project Engineer Salary
(AmbitionBox Estimate)
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₹5.4 L/yr - ₹6.9 L/yr
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₹4 L/yr - ₹6.6 L/yr

Salary related reviews for IFB

3.0

Rated by 1 employees for salary & benefits

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

read more
  • 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

read more

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.

read more
  • 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.

read more
  • Promotions - Poor
  • +3 more

Research & Development Department

3.0
  •  posted on 27 Jul 2018

2.0
 for  Salary and Benefits

Likes

Work culture is pretty flexible. People are quite approachable. You can get to work upon the projects that you are interested in, so ultimately you would develop the profile that you desire. It is product based company, so you get to see physical products and get inspired from benchmark designs and studies. Being sole responsible for the project, you learn multi facets to the project and can grow from on job experience.

read more
  • Job security - Excellent
  • +2 more

Dislikes

...ly, its reverse and top management assigns you project according to you skill. 4)Salary is very low, when compared to market rates. 5) If you are passionate and want to grow more, this ISN'T company for you. 6) Meritocracy is never identified and rewarded. Set of fixed persons, who are known by manager or HOD gets better benefits. 7) Canteen food is very poor. Even after repeated complaints, the caterer wasn't changed. Opinion of the employees is not strongly considered. 8) HR people are sitting to put all type of constraints on you, but not to support you. 15 minutes late and half day salary is cut (Timings are fixed (8.5 hrs daily) and no work from home. Monday to Saturday work days) Don't listen to provide sufficient facilities. For new joinees, no assets come on time. You have to run to raise PO, procure components to finish your projects, as if you are going to get bonus for completing the project. (No Bonus is given, its from your CTC and given to you at year end. Pathetic HR Policies) 9) Very recently they have started giving increments once in two years. They never announced official of course. But, showing some losses they don't give increments every year. 10) There are no fixed set of regulations or procedures. Every one defines their own work style. System is highly person dependent. Notice period is sharp 3 months, non negotiable. So, searching for another job is pretty tough.

read more
  • Salary - Poor
  • +3 more

Full Time

 · 

Risk Management & Compliance Department

4.0
  •  posted on 13 Mar 2025

3.0
 for  Salary and Benefits

Likes

Good Team and Work Culture-People in general are helpful Managers are usually considerate

  • Work-life balance - Good

Dislikes

Salary growth is slow- They. hire you at a low salary in mid level so even a 10-15% annual jump wont give you the desired returns Top Management is too old fashioned and are not receptive to changing market needs

read more

Full Time

 · 

Media Production & Entertainment Department

3.0
  •  posted on 04 Feb 2025

2.0
 for  Salary and Benefits

Likes

Salary on time Work life balance is ok but Saturday is working here

  • Job security - Good
  • +1 more

Dislikes

Hr policy and response is really pathetic. No proper feedback ,for everything they will say we dont have fancy positions,fancy department….. If you ara a fresher or 2,3 experienced person dont think about ifb bangalore, its really old technology and almost all are manual lines. For relaxing and job security uou can plan here

read more
  • Salary - Poor
  • +4 more
see more salary related reviews

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IFB Product Development Executive Salary FAQs

What is the salary of Product Development Executive at IFB ?
The average salary of a Product Development Executive at IFB in India typically ranges from ₹6.4 Lakhs to ₹7.2 Lakhs per year, depending on experience (from 7 years to 16 years).

The top 10% of Product Development Executive at IFB earn more than ₹7.2 Lakhs per year, and the top 1% earn over ₹7.2 Lakhs per year. Product Development Executive Salaries at IFB 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 8 IFB employees in India.
What is the estimated take home salary of a Product Development Executive at IFB in India?
The estimated take-home salary of a Product Development Executive at IFB in India typically ranges from ₹52,535 to ₹53,840 per month. This is based on the average salary range of ₹6.4 Lakhs to ₹7.2 Lakhs per year for employees with experience ranging from 7 years to 16 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 8 salaries received from various employees of IFB. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than IFB for Product Development Executive in India?
ITC ₹5.7 Lakhs to ₹13.0 Lakhs per year
ITC Life Sciences & Technology Centre ₹5.8 Lakhs to ₹12.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by IFB, depending on the role and experience level.
What is the salary of a Product Development Executive in companies similar to IFB in India?
The salary of a Product Development Executive at companies similar to IFB in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

MTR Foods ₹3.5 Lakhs to ₹8.2 Lakhs per year
Indiamart Intermesh ₹1.7 Lakhs to ₹3.5 Lakhs per year
Asl Infosystem ₹1.5 Lakhs to ₹2.6 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 Product Development Executive at IFB in India?
The salary growth for a Product Development Executive at IFB depends on factors such as experience, performance, and promotions. On average, a Product Development Executive can expect the following growth trajectory at IFB:

Experience Average Salary Range
7 years ₹7.0 Lakhs to ₹7.2 Lakhs per year
8 years ₹6.3 Lakhs to ₹8.1 Lakhs per year
9 years ₹6.3 Lakhs to ₹8.1 Lakhs per year
10 years ₹6.3 Lakhs to ₹8.1 Lakhs per year
and so on.

Tell us how to improve this page.

IFB Product Development Executive salary in India ranges between ₹6.4 Lakhs to ₹7.2 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 8 IFB latest salaries received from various employees of IFB.