Indo Cool Composites new Product Development Engineer Salaries by 6 Employees

2 - 5 years exp.

₹1.8 Lakh - ₹4 Lakhs

Salary of majority employees

20% less than the average new Product Development Engineer Salary in Industrial Machinery Companies for 2 - 5 years of experience

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Salaries in different departments

Research & Development new Product Development Engineer Salary 2 - 5 years exp. (AmbitionBox Estimate)	₹2.6 L/yr - ₹4 L/yr
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Quality Assurance new Product Development Engineer Salary 4 years exp. (AmbitionBox Estimate)	₹1.6 L/yr - ₹2 L/yr

Last Updated: 10 Feb 2024

Companies similar to Indo Cool Composites for new Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
Nash Industries new Product Development Engineer Salary 1 - 6 years exp. (27 salaries)	₹1.8 L/yr - ₹6 L/yr 46% more
Polyhose new Product Development Engineer Salary 4 - 9 years exp. (11 salaries)	₹3.2 L/yr - ₹5 L/yr 30% more
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Segula Technologies new Product Development Engineer Salary 1 - 3 years exp. (4 salaries)	₹3.7 L/yr - ₹4.5 L/yr 23% more
Mann And Hummel Filter new Product Development Engineer Salary 3 - 5 years exp. (3 salaries)	₹6.6 L/yr - ₹7.7 L/yr 118% more
INDO-MIM new Product Development Engineer Salary 0 - 4 years exp. (70 salaries)	₹2.7 L/yr - ₹5.5 L/yr 24% more

new Product Development Engineer salary at Indo Cool Composites ranges between ₹1.8 Lakh to ₹4 Lakhs per year for employees with experience between 2 years to 5 years. Salary estimates are based on 6 latest salaries received from various employees of Indo Cool Composites.

Experience wise Indo Cool Composites new Product Development Engineer salaries

Last Updated: 10 Feb 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
3 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹4 L/yr
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4 years (3 salaries)	₹1.8 L/yr - ₹4 L/yr
5 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr

Similar Designation salaries in Indo Cool Composites

Product Development Engineer Salary

(AmbitionBox Estimate)

₹1.4 L/yr - ₹1.8 L/yr

Production Engineer Salary

(26 salaries)

₹2 L/yr - ₹4.15 L/yr

Project Engineer Salary

(3 salaries)

₹1.8 L/yr - ₹2.3 L/yr

Production Manager Salary

(4 salaries)

₹5.25 L/yr - ₹6.94 L/yr

Design Engineer Salary

(7 salaries)

₹1.7 L/yr - ₹3.5 L/yr

Senior Engineer Salary

(7 salaries)

₹3.05 L/yr - ₹6.2 L/yr

Production Supervisor Salary

(3 salaries)

₹2.2 L/yr - ₹3.5 L/yr

NPD Engineer Salary

(9 salaries)

₹2 L/yr - ₹3.6 L/yr

Quality Engineer Salary

(57 salaries)

₹1.6 L/yr - ₹3 L/yr

Junior Engineer Salary

(3 salaries)

₹1.1 L/yr - ₹2 L/yr

Top skills at Indo Cool Composites for new Product Development Engineer

New Product Development PPAP Apqp Control Plan PFMEA Costing Production Planning Project Management PPAP Documentation Design Review VAVE Work Instruction Product Design Design Verification Tool Trials

Salary related reviews for Indo Cool Composites

2.0

Rated by 1 employees for salary & benefits

Graduate Engineer Trainee (Get) in Ranipet

Full Time

New Product Development Department

3.0

• posted on 12 Dec 2022

2.0

for Salary and Benefits

Likes

On role employment Basic provisions (uniform , shoes, I'd ) Food

Dislikes

No Transport facility Salary too low Food tastes poor Delay in getting appointment order, increment. Department changes frequently occurs

Salary - Poor

+3 more

New Product Development Engineer in Ranipet

Full Time

Other Department

3.0

• posted on 09 May 2023

2.0

for Salary and Benefits

Likes

A Great place to learn.. it's an unpaid training centre.. one can learn technically and develop skills to the core.. No one is going to restrict the availability whichever is present inside the company premises.

Skill development - Excellent

Dislikes

One cannot expect the meaning of work culture and work life balance in indocool. Work Pressure and politics to the core

Salary - Poor

+4 more

Sr. Egineer - Procurement in Ranipet

Full Time

Procurement & Supply Chain Department

4.0

• posted on 27 May 2023

3.0

for Salary and Benefits

Likes

Lot of opportunities for learning if you are self interested

Skill development - Good

+1 more

Dislikes

Poor decision making and culture of treating employees poor. No recognition for good things and you will be reminded only for the bad thing happened

Work-life balance - Poor

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Indo Cool Composites new Product Development Engineer Salary FAQs

What is the salary of new Product Development Engineer at Indo Cool Composites ?

The average salary of a new Product Development Engineer at Indo Cool Composites in India typically ranges from ₹1.8 Lakhs to ₹4.0 Lakhs per year, depending on experience (from 2 years to 5 years).

The top 10% of new Product Development Engineer at Indo Cool Composites earn more than ₹4.0 Lakhs per year, and the top 1% earn over ₹4.0 Lakhs per year. new Product Development Engineer Salaries at Indo Cool Composites 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 6 Indo Cool Composites employees in India.

What is the estimated take home salary of a new Product Development Engineer at Indo Cool Composites in India?

The estimated take-home salary of a new Product Development Engineer at Indo Cool Composites in India typically ranges from ₹23,553 to ₹25,013 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 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 6 salaries received from various employees of Indo Cool Composites. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a new Product Development Engineer at Indo Cool Composites ?

To be a new Product Development Engineer at Indo Cool Composites in india, the key skills required include:

- New Product Development
- PPAP
- Apqp
- Control Plan
- PFMEA

These skills are highly valued at Indo Cool Composites and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Indo Cool Composites for new Product Development Engineer in India?

Mann And Hummel Filter	₹6.6 Lakhs to ₹7.7 Lakhs per year
Nash Industries	₹1.8 Lakhs to ₹6.0 Lakhs per year
Polyhose	₹3.2 Lakhs to ₹5.0 Lakhs per year
INDO-MIM	₹2.7 Lakhs to ₹5.5 Lakhs per year
Segula Technologies	₹3.7 Lakhs to ₹4.5 Lakhs per year

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

How the salary growth look like for a new Product Development Engineer at Indo Cool Composites in India?

The salary growth for a new Product Development Engineer at Indo Cool Composites depends on factors such as experience, performance, and promotions. On average, a new Product Development Engineer can expect the following growth trajectory at Indo Cool Composites:

Experience	Average Salary Range
2 years	₹3.6 Lakhs to ₹4.6 Lakhs per year
3 years	₹3.1 Lakhs to ₹4.0 Lakhs per year
4 years	₹1.8 Lakhs to ₹4.0 Lakhs per year
5 years	₹2.3 Lakhs to ₹2.9 Lakhs per year

and so on.

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Indo Cool Composites new Product Development Engineer Salaries

Indo Cool Composites new Product Development Engineer salary in India ranges between ₹1.8 Lakh to ₹4 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Indo Cool Composites latest salaries received from various employees of Indo Cool Composites.