INDO-MIM Product Design Engineer Salaries by 4 Employees

1 - 2 years exp.

₹2 Lakhs - ₹3.6 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

65% less than the average Product Design Engineer Salary in Metals & Mining Companies for 1 - 2 years of experience

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Salaries in different departments

Research & Development Product Design Engineer Salary 1 - 2 years exp. (AmbitionBox Estimate)	₹2 L/yr - ₹3.5 L/yr
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UX, Design & Architecture Product Design Engineer Salary 2 years exp. (AmbitionBox Estimate)	₹3.2 L/yr - ₹3.9 L/yr

Last Updated: 29 May 2024

Companies similar to INDO-MIM for Product Design Engineer

Company name	Avg Annual Salary	Open Jobs
Epiroc Product Design Engineer Salary 3 - 6 years exp. (4 salaries)	₹6.5 L/yr - ₹7.2 L/yr 142% more
Mercedes-Benz Research and Development India Product Design Engineer Salary 1 - 9 years exp. (485 salaries)	₹6.5 L/yr - ₹15 L/yr 314% more
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Cummins Product Design Engineer Salary 1 - 11 years exp. (196 salaries)	₹4.2 L/yr - ₹17 L/yr 248% more
Faurecia Product Design Engineer Salary 5 - 11 years exp. (135 salaries)	₹6.5 L/yr - ₹15.3 L/yr 338% more
Molex Product Design Engineer Salary 1 - 6 years exp. (91 salaries)	₹4.5 L/yr - ₹11 L/yr 199% more

Product Design Engineer salary at INDO-MIM ranges between ₹2 Lakhs to ₹3.6 Lakhs per year for employees with experience between 1 year to 2 years. Salary estimates are based on 4 latest salaries received from various employees of INDO-MIM .

Experience wise INDO-MIM Product Design Engineer salaries

Last Updated: 29 May 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2 L/yr - ₹3.5 L/yr
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2 years (AmbitionBox Estimate)	₹2 L/yr - ₹3.6 L/yr

Similar Designation salaries in INDO-MIM

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(AmbitionBox Estimate)

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Senior Design Engineer Salary

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Junior Design Engineer Salary

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Process Engineer Salary

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Project Engineer Salary

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Electrical Design Engineer Salary

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₹6 L/yr - ₹7.7 L/yr

Senior Engineer Salary

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Electrical Engineer Salary

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Junior Engineer Salary

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₹2.16 L/yr - ₹4.4 L/yr

Salary related reviews for INDO-MIM

3.0

Rated by 2 employees for salary & benefits

Senior Design Engineer in Bangalore / Bengaluru

Full Time

Research & Development Department

3.0

• posted on 26 Sep 2023

2.0

for Salary and Benefits

Likes

Personal work life balance and job security is too good

Job security - Good

+1 more

Dislikes

There is no proper work culture here, and no salary increment as per experience and talent, no encouragement for real talent. Especially no value for Designers, no one knows the value of a Designer here. Equal salary for ITI guy and also a Engineer guy, No value for qualifications. And one more very bad culture is, when someone resigned, no one will ask for stayback or nobody will ask about this situation or the problem.

Salary - Poor

+1 more

Design Engineer in Bangalore / Bengaluru

Research & Development Department

4.0

• posted on 21 May 2021

3.0

for Salary and Benefits

Likes

Over a very good environment to work and learn, but work life balance for lover and mid level people is very bad, and no other benifits like outings but company provides food and cab facility so over all a good company for beginners and very good company for experienced persons to settle.

Skill development - Excellent

+3 more

Dislikes

Some times we need to work over time and they doesn't pay for that nor they give leave for that and Salary wise it's good while joining but increment is not at all good.

Employee Relations Executive in Dod Ballapur

Full Time

Media Production & Entertainment Department

2.0

• posted on 16 Oct 2023

1.0

for Salary and Benefits

Likes

🤐 😡 I am just working for my commitment's and it's important for my family commitment

Dislikes

Low pay 😡 Inflexible work schedules i don't like management culture Company not recognize my qualifications

Salary - Bad

+6 more

Quality Specialist in Bangalore / Bengaluru

Full Time

Quality Assurance Department

4.0

• posted on 13 Jun 2023

5.0

for Salary and Benefits

Likes

Very good work life balance they care about employee’s personal time. Very good salary increments, less work pressure.

Salary - Excellent

+4 more

Dislikes

It’s not dislike just a suggestion. Promotions are less likely to happen bcz of minimal resignations. Work culture of people is not in trend it’s like before 10years.

Legal & Regulatory - Other in Bangalore / Bengaluru

Intern

Legal & Regulatory Department

5.0

• posted on 18 Jan 2024

5.0

for Salary and Benefits

Likes

...tes will get good exposure of MIM, Defence, Aerospace, Investment casting etc. On time salary on or before month last date. Annual medical examination who are working in shop floors and some other certical department. Multinational company having branch, sales office and subsidiary in overseas countries.

Salary - Excellent

+6 more

Dislikes

Could be better infrastructure

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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INDO-MIM Product Design Engineer Salary FAQs

What is the salary of Product Design Engineer at INDO-MIM ?

The average salary of a Product Design Engineer at INDO-MIM in India typically ranges from ₹2.0 Lakhs to ₹3.6 Lakhs per year, depending on experience (from 1 year to 2 years).

The top 10% of Product Design Engineer at INDO-MIM earn more than ₹3.6 Lakhs per year, and the top 1% earn over ₹3.6 Lakhs per year. Product Design Engineer Salaries at INDO-MIM 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 INDO-MIM employees in India.

What is the estimated take home salary of a Product Design Engineer at INDO-MIM in India?

The estimated take-home salary of a Product Design Engineer at INDO-MIM in India typically ranges from ₹19,530 to ₹21,200 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹3.6 Lakhs per year for employees with experience ranging from 1 year to 2 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 INDO-MIM . Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than INDO-MIM for Product Design Engineer in India?

Faurecia	₹6.5 Lakhs to ₹15.3 Lakhs per year
Mercedes-Benz Research and Development India	₹6.5 Lakhs to ₹15.0 Lakhs per year
Cummins	₹4.2 Lakhs to ₹17.0 Lakhs per year
Molex	₹4.5 Lakhs to ₹11.0 Lakhs per year
Epiroc	₹6.5 Lakhs to ₹7.2 Lakhs per year

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

How the salary growth look like for a Product Design Engineer at INDO-MIM in India?

The salary growth for a Product Design Engineer at INDO-MIM depends on factors such as experience, performance, and promotions. On average, a Product Design Engineer can expect the following growth trajectory at INDO-MIM :

Experience	Average Salary Range
1 year	₹2.0 Lakhs to ₹3.5 Lakhs per year
2 years	₹2.0 Lakhs to ₹3.6 Lakhs per year

and so on.

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INDO-MIM Product Design Engineer Salaries

INDO-MIM Product Design Engineer salary in India ranges between ₹2 Lakhs to ₹3.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 INDO-MIM latest salaries received from various employees of INDO-MIM .