Innova Solutions Chennai Principal Software Engineer Salaries by 10+ Employees (Updated 2025)

7 - 11 years exp.

₹11 Lakhs - ₹32 Lakhs

Avg. annual salary

Monthly In-hand Salary

24% less than the average Principal Software Engineer Salary in IT Services & Consulting Companies for 7 - 11 years of experience

Interested in this particular role?

Salaries in different departments

Engineering - Software & QA Principal Software Engineer Salary 7 - 11 years exp. (16 salaries)	₹10.3 L/yr - ₹32 L/yr
Login to view exact salary
Data Science & Analytics Principal Software Engineer Salary 10 years exp. (AmbitionBox Estimate)	₹21.4 L/yr - ₹26 L/yr

Last Updated: 18 Mar 2025

Companies similar to Innova Solutions for Principal Software Engineer in Chennai

Innova Solutions Principal Software Engineer Salary

7 - 11 years exp. (19 salaries)

₹11 L/yr - ₹32 L/yr

Company name	Avg Annual Salary	Open Jobs
FIS Principal Software Engineer Salary 10 - 16 years exp. (12 salaries)	₹22 L/yr - ₹52 L/yr 57% more
Cognizant Principal Software Engineer Salary 10 - 16 years exp. (8 salaries)	₹16.4 L/yr - ₹25 L/yr 5% less
Login to view exact salary
LTIMindtree Principal Software Engineer Salary 16 - 17 years exp. (3 salaries)	₹25 L/yr - ₹31.7 L/yr 32% more
Maveric Systems Principal Software Engineer Salary 5 - 14 years exp. (106 salaries)	₹7.5 L/yr - ₹22 L/yr 26% less
Fidelity Investments Principal Software Engineer Salary 9 - 17 years exp. (77 salaries)	₹19.8 L/yr - ₹54.2 L/yr 70% more

Principal Software Engineer salary at Innova Solutions ranges between ₹11 Lakhs to ₹32 Lakhs per year for employees with experience between 7 years to 11 years. Salary estimates are based on 19 latest salaries received from various employees of Innova Solutions.

Latest annual salaries shared by Innova Solutions Principal Software Engineer in Chennai

3w ago

₹14 Lakhs

7 years exp.

2mo ago

₹13.5 Lakhs

9 years exp.

2mo ago

₹26 Lakhs

10 years exp.

4mo ago

₹9 Lakhs

8 years exp.

4mo ago

₹22 Lakhs

8 years exp.

1y ago

10 years exp.

1y ago

7 years exp.

1y ago

11 years exp.

1y ago

11 years exp.

1y ago

11 years exp.

Experience wise Innova Solutions Principal Software Engineer salaries in Chennai

Last Updated: 18 Mar 2025

Experience	Avg Annual Salary
7 years (3 salaries)	₹14 L/yr - ₹23.5 L/yr
8 years (6 salaries)	₹10.3 L/yr - ₹27 L/yr
Login to view exact salary
9 years (AmbitionBox Estimate)	₹21.1 L/yr - ₹27 L/yr
10 years (4 salaries)	₹13.4 L/yr - ₹32 L/yr
11 years (4 salaries)	₹20.4 L/yr - ₹44.6 L/yr

Salary related reviews for Innova Solutions

3.5

Rated by 2 employees for salary & benefits

Software Engineer in Hyderabad / Secunderabad

Full Time

Engineering - Software & QA Department

2.0

• posted on 24 Dec 2024

1.0

for Salary and Benefits

Likes

The work life balance is good and the working hours are flexible.

Job security - Good

+1 more

Dislikes

The salary hikes are inadequate and the experienced salaries are not aligned with market standards. There is a lack of recognition and appreciation for the work done. Cost-cutting measures are excessive, even for basic needs. Opportunities to learn new technologies or rotation between projects are minimal. Complaints are not taken seriously if it involves key resources, they are are even allowed to disregard corporate ethics. While the initial package may seem attractive, the subsequent hikes are so low that even the employees with 5-10 years of experience feel stuck.

Salary - Bad

+4 more

Senior Software Engineer in Bangalore / Bengaluru

Full Time

Engineering - Software & QA Department

3.0

• posted on 16 Apr 2024

1.0

for Salary and Benefits

Likes

Average company with average benefits

Dislikes

...y taking work out of their employees. No appraisal or even appreciation of work. there is no name of bonus at all. The team lead and managers were from same state so they took benefit from others by only giving work to others and not doing anything themselves. Very poor work environment.

Salary - Bad

+6 more

Senior Software Engineer in Hyderabad / Secunderabad

Full Time

Engineering - Software & QA Department

3.0

• posted on 28 Nov 2024

3.0

for Salary and Benefits

Likes

Salary at joining time is good. Appraisal is average

Dislikes

Internal politics for hikes,promotions No rewards & recognition You need to strech/extend for 3 to 4 hours daily Work culture is bad To many Followups to be done So much of client involvement in every aspect of daily routine Too much of Calls like a call center

Skill development - Poor

+2 more

Senior Software Engineer in Pune

Full Time

Engineering - Software & QA Department

5.0

• posted on 20 Jan 2024

5.0

for Salary and Benefits

Likes

Good compensation on joining, you always are busy and have some work on table, but nothing stressful.

Salary - Excellent

+5 more

Dislikes

Increments can be better, no direct discussions based on increments monetory number, only performance review discussion happens. Skills improve gradually, but depends on project really.

Software Engineer in Hyderabad / Secunderabad

Full Time

Data Science & Analytics Department

1.0

• posted on 29 Jul 2024

1.0

for Salary and Benefits

Likes

Nothing Nothing Nothing Nothing Nothing

Dislikes

Worst attitude Worst policy Cares about only critical employees No respect No hike Worst environment Comedy: Manager threatens regarding layoffs after working overtime and trying meet the deadlines which is impossible to meet from the start

Salary - Bad

+6 more

see more salary related reviews

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Tech lead - Tech Mahindra or IBM

I have 2 offers in same location : Need guidance to choose one 1) Tech Mahindra (U4) Fixed 23.9 Variable 2.6=26.5 No joining bonus Project details informed already 2)IBM(7B) Fixed 21.37 + Variable 0-10% Joining bonus is 1 lakh Your Responses and thoughts will be appreciated. Thank you

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Innova Solutions Principal Software Engineer Salary FAQs

What is the salary of Principal Software Engineer at Innova Solutions in Chennai?

The average salary of a Principal Software Engineer at Innova Solutions in Chennai typically ranges from ₹11.0 Lakhs to ₹32.0 Lakhs per year, depending on experience (from 7 years to 11 years).

The top 10% of Principal Software Engineer in Chennai at Innova Solutions earn more than ₹27.0 Lakhs per year, and the top 1% earn over ₹32.0 Lakhs per year. Principal Software Engineer Salaries at Innova Solutions 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 10+ Innova Solutions employees in India.

What is the estimated take home salary of a Principal Software Engineer at Innova Solutions in Chennai?

The estimated take-home salary of a Principal Software Engineer at Innova Solutions in Chennai typically ranges from ₹1,48,294 to ₹1,53,862 per month. This is based on the average salary range of ₹11.0 Lakhs to ₹32.0 Lakhs per year for employees with experience ranging from 7 years to 11 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 10+ salaries received from various employees of Innova Solutions. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Principal Software Engineer at Innova Solutions in Chennai?

To be a Principal Software Engineer at Innova Solutions in Chennai, the key skills required include:

- Python
- Automation
- SQL
- Troubleshooting
- Regression Testing

These skills are highly valued at Innova Solutions and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Innova Solutions for Principal Software Engineer in India?

Fidelity Investments	₹19.8 Lakhs to ₹54.2 Lakhs per year
FIS	₹22.0 Lakhs to ₹52.0 Lakhs per year
LTIMindtree	₹25.0 Lakhs to ₹31.7 Lakhs per year

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

What is the salary of a Principal Software Engineer in companies similar to Innova Solutions in Chennai?

The salary of a Principal Software Engineer at companies similar to Innova Solutions in Chennai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Cognizant	₹16.4 Lakhs to ₹25.0 Lakhs per year
Maveric Systems	₹7.5 Lakhs to ₹22.0 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 Principal Software Engineer at Innova Solutions in Chennai?

The salary growth for a Principal Software Engineer at Innova Solutions in Chennai depends on factors such as experience, performance, and promotions. On average, a Principal Software Engineer in Chennai can expect the following growth trajectory at Innova Solutions:

Experience	Average Salary Range
7 years	₹14.0 Lakhs to ₹23.5 Lakhs per year
8 years	₹10.3 Lakhs to ₹27.0 Lakhs per year
9 years	₹21.1 Lakhs to ₹27.0 Lakhs per year
10 years	₹13.4 Lakhs to ₹32.0 Lakhs per year

and so on.

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Innova Solutions Principal Software Engineer Salaries in Chennai

Innova Solutions Principal Software Engineer salary in Chennai ranges between ₹11 Lakhs to ₹32 Lakhs with an average annual salary of ₹. Salary estimates are based on 19 Innova Solutions latest salaries received from various employees of Innova Solutions.