Iol Chemicals & Pharmaceuticals Mechanical Fitter Salaries by 8 Employees

4 - 8 years exp.

₹3 Lakhs - ₹5.1 Lakhs

Avg. annual salary

Monthly In-hand Salary

17% more than the average Mechanical Fitter Salary in Pharma Companies for 4 - 8 years of experience

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Last Updated: 28 Jun 2024

Companies similar to Iol Chemicals & Pharmaceuticals for Mechanical Fitter

Company name	Avg Annual Salary	Open Jobs
Jubilant Pharmova Mechanical Fitter Salary 1 - 12 years exp. (3 salaries)	₹1.8 L/yr - ₹4.5 L/yr 14% less
Tata Steel Mechanical Fitter Salary 1 - 11 years exp. (72 salaries)	₹1.5 L/yr - ₹5 L/yr 17% less
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JSW Steel Mechanical Fitter Salary 1 - 10 years exp. (51 salaries)	₹1.8 L/yr - ₹5 L/yr 2% less
Maruti Suzuki Mechanical Fitter Salary 1 - 6 years exp. (24 salaries)	₹1.2 L/yr - ₹3 L/yr 34% less
Tata Motors Mechanical Fitter Salary 1 - 5 years exp. (19 salaries)	₹1 L/yr - ₹3.2 L/yr 46% less

Mechanical Fitter salary at Iol Chemicals & Pharmaceuticals ranges between ₹3 Lakhs to ₹5.1 Lakhs per year for employees with experience between 4 years to 8 years. Salary estimates are based on 8 latest salaries received from various employees of Iol Chemicals & Pharmaceuticals.

Experience wise Iol Chemicals & Pharmaceuticals Mechanical Fitter salaries

Last Updated: 28 Jun 2024

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹3 L/yr - ₹5.4 L/yr
5 years (AmbitionBox Estimate)	₹3 L/yr - ₹5.8 L/yr
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6 years (3 salaries)	₹3 L/yr - ₹5.1 L/yr
7 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.1 L/yr
8 years (AmbitionBox Estimate)	₹1.5 L/yr - ₹5.1 L/yr

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Salary related reviews for Iol Chemicals & Pharmaceuticals

Assistant Engineer in Barnala

Full Time

Production, Manufacturing & Engineering Department

4.0

• posted on 23 Jul 2024

4.0

for Salary and Benefits

Likes

- Excellent Canteen facility & Food provided for Employees. - Cultural activities for employees - Bonus & gifts provided during Diwali Festival.

Salary - Good

+4 more

Dislikes

- Management is not satisfactory. - You have to learn each and everything at your own. - leg pulling system in employees.

Instrumentation Technician in Barnala

Production, Manufacturing & Engineering Department

3.0

• posted on 29 Oct 2022

3.0

for Salary and Benefits

Likes

Canteen food facility is good

Dislikes

...re the technician's work is done by the engineer And the technician as a helper. Salary deduction is very high, they take around 7 to 8k deduction on salary.

Skill development - Poor

+3 more

Senior Executive in Barnala

Full Time

Media Production & Entertainment Department

4.0

• posted on 18 Jun 2024

5.0

for Salary and Benefits

Likes

Salary on time. Good increments as compared to other pharma and chemical industries.

Salary - Excellent

+6 more

Dislikes

Canteen food quality not so good in shifts than G shift. Smartphones are necessary upto E1 employess for more output. A.c bus might be started and increases the fare accordingly(in summer)

Production Chemist in Ludhiana

Full Time

Production, Manufacturing & Engineering Department

4.0

• posted on 07 Aug 2023

3.0

for Salary and Benefits

Likes

Good in all members of communication and behavior and all work si systematic and safety provision is good.

Job security - Good

+4 more

Dislikes

Fresher salary is more than 1&2 year experience person and only fresher hire local persons and after training not provide any vehicle on time

Prd Chemist in Ludhiana

Production, Manufacturing & Engineering Department

4.0

• posted on 01 Jan 2022

4.0

for Salary and Benefits

Likes

Good work environment and culture. Teammates are supportive. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Salary - Good

+5 more

Dislikes

There is 3 months notice period after leaving the job but if you don't want to do the notice period then you will pay three months basic salary.

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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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Iol Chemicals & Pharmaceuticals Mechanical Fitter Salary FAQs

What is the salary of Mechanical Fitter at Iol Chemicals & Pharmaceuticals ?

The average salary of a Mechanical Fitter at Iol Chemicals & Pharmaceuticals in India typically ranges from ₹3.0 Lakhs to ₹5.1 Lakhs per year, depending on experience (from 4 years to 8 years).

The top 10% of Mechanical Fitter at Iol Chemicals & Pharmaceuticals earn more than ₹5.1 Lakhs per year, and the top 1% earn over ₹5.1 Lakhs per year. Mechanical Fitter Salaries at Iol Chemicals & Pharmaceuticals 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 Iol Chemicals & Pharmaceuticals employees in India.

What is the estimated take home salary of a Mechanical Fitter at Iol Chemicals & Pharmaceuticals in India?

The estimated take-home salary of a Mechanical Fitter at Iol Chemicals & Pharmaceuticals in India typically ranges from ₹24,558 to ₹26,003 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹5.1 Lakhs per year for employees with experience ranging from 4 years to 8 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 Iol Chemicals & Pharmaceuticals. Check how we calculate in-hand salary with our in-hand salary calculator.

What is the salary of a Mechanical Fitter in companies similar to Iol Chemicals & Pharmaceuticals in India?

The salary of a Mechanical Fitter at companies similar to Iol Chemicals & Pharmaceuticals in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

JSW Steel	₹1.8 Lakhs to ₹5.0 Lakhs per year
Jubilant Pharmova	₹1.8 Lakhs to ₹4.5 Lakhs per year
Tata Steel	₹1.5 Lakhs to ₹5.0 Lakhs per year
Maruti Suzuki	₹1.2 Lakhs to ₹3.0 Lakhs per year
Tata Motors	₹1.0 Lakhs to ₹3.2 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 Mechanical Fitter at Iol Chemicals & Pharmaceuticals in India?

The salary growth for a Mechanical Fitter at Iol Chemicals & Pharmaceuticals depends on factors such as experience, performance, and promotions. On average, a Mechanical Fitter can expect the following growth trajectory at Iol Chemicals & Pharmaceuticals:

Experience	Average Salary Range
4 years	₹3.0 Lakhs to ₹5.4 Lakhs per year
5 years	₹3.0 Lakhs to ₹5.8 Lakhs per year
6 years	₹3.0 Lakhs to ₹5.1 Lakhs per year
7 years	₹3.2 Lakhs to ₹4.1 Lakhs per year

and so on.

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Iol Chemicals & Pharmaceuticals Mechanical Fitter Salaries

Iol Chemicals & Pharmaceuticals Mechanical Fitter salary in India ranges between ₹3 Lakhs to ₹5.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 Iol Chemicals & Pharmaceuticals latest salaries received from various employees of Iol Chemicals & Pharmaceuticals.