ITC Procurement Salaries by 4 Employees (Updated 2024)

5 - 16 years exp.

₹6.3 Lakhs - ₹16.6 Lakhs

Low Confidence

Salary of majority employees

81% more than the average Procurement Salary in FMCG Companies for 5 - 16 years of experience

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Last Updated: 22 Sep 2024

Companies similar to ITC for Procurement

Company name	Avg Annual Salary	Open Jobs
RSPL Group Procurement Salary 1 - 8 years exp. (3 salaries)	₹3.1 L/yr - ₹7 L/yr 50% less	1 job opening
Accenture Procurement Salary 2 - 4 years exp. (11 salaries)	₹1.7 L/yr - ₹3.5 L/yr 73% less	34 job openings
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IBM Procurement Salary 1 - 3 years exp. (4 salaries)	₹1.5 L/yr - ₹5.5 L/yr 73% less	3 job openings
Hyundai Glovis Procurement Salary 0 - 2 years exp. (4 salaries)	₹1.5 L/yr - ₹3 L/yr 82% less

Procurement salary at ITC ranges between ₹6.3 Lakhs to ₹16.6 Lakhs per year for employees with experience between 5 years to 16 years. Salary estimates are based on 4 latest salaries received from various employees of ITC.

Experience wise ITC Procurement salaries

Last Updated: 22 Sep 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹7.2 L/yr
6 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹7.2 L/yr
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15+ years (AmbitionBox Estimate)	₹14.9 L/yr - ₹19.1 L/yr

Similar Designation salaries in ITC

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Procurement Executive Salary

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Supply Chain Executive Salary

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Supply Chain Manager Salary

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Salary related reviews for ITC

Procurement Associate in Bangalore / Bengaluru

Full Time

Procurement & Supply Chain Department

1.0

• posted on 12 Nov 2021

2.0

for Salary and Benefits

Likes

Only thing that is good about ITC is Job security. You'll get salary on time, some times even in advance.

Dislikes

3 month notice period without buyout or negotiation is the worst part of it. 1 year probation without leaves. Salary hikes are in pennies. New salary after hike comes into effective in the month of October or November and without arrears. If your joining position is above assistant manager. Its ok, you may enjoy the job

Purchase Assistant in Hyderabad / Secunderabad

Procurement & Supply Chain Department

4.0

• posted on 03 Jul 2021

4.0

for Salary and Benefits

Likes

...ronment and culture. Teammates are supportive and the management is transparent.Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Dislikes

Nothing is there to dislike ITC limited

Procurement Executive in Bangalore / Bengaluru

Procurement & Supply Chain Department

2.0

• posted on 26 Jul 2021

1.0

for Salary and Benefits

Likes

Not a great company to joins at lower management levels. They will not give anything and will expect a lot from you. At middle management nice place to be

Dislikes

Growth path and annual revision is very low. Too much gap in compensation for lower and high management. It's as if you are paying your manager from your income

Buyer in Hyderabad / Secunderabad

Retail (ABD) Department

5.0

• posted on 20 Jan 2019

3.0

for Salary and Benefits

Likes

ITC itself a brand and proved to be an employee in Company top class culture and employee benefits and HR policy’s are superb Top management and work environment was Outstanding Thanks to ITC

Dislikes

Compensation wise ok/ decent. Growth rate is little slow.. The work pressure is little high and same time Ihave to work late nights. But Overall good experience with ITC. Immediate reporting manager do not value an individuals. But Top management and HR policy’s are superb. Some times we use to get appreciation from Top management.

Sales Trainee in Mumbai

Full Time

Marketing & Communication Department

2.0

• posted on 28 Mar 2024

1.0

for Salary and Benefits

Likes

Just Brand name.

Dislikes

CTC and actually in-hand salary has very large gap 30-40%. They pay TA DA but included in CTC. Always have to be on field. Only suitable for those interested in FMCG job always on field. Not for weak hearted.

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a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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ITC Procurement Salary FAQs

What is the salary of Procurement at ITC?

Procurement salary at ITC in India ranges between ₹6.3 Lakhs to ₹16.6 Lakhs for experience between 5 years to 16 years. According to our estimates it is 81% more than the average Procurement Salary in India. Salary estimates are based on 4 latest salaries received from various employees of ITC India.

How does the salary of a Procurement at ITC India compare with the average salary range for this job?

The average salary of a Procurement at ITC is 81% more than the average salary of a Procurement in India. To know exact salary insights, login to view.

What is the salary of a Procurement in companies similar to ITC in India?

RSPL Group Procurement Salary - ₹3.1 Lakhs to ₹7.0 Lakhs per year
Accenture Procurement Salary - ₹1.7 Lakhs to ₹3.5 Lakhs per year
IBM Procurement Salary - ₹1.5 Lakhs to ₹5.5 Lakhs per year
Hyundai Glovis Procurement Salary - ₹1.5 Lakhs to ₹3.0 Lakhs per year

What is the estimated take home salary of a Procurement at ITC in India?

The estimated take-home salary of a Procurement at ITC ranges between ₹81,552 per month to ₹83,678 per month in India. The take-home salary calculation is based on the average ITC Procurement salary in India which ranges between ₹6.3 Lakhs to ₹16.6 Lakhs per year for employees with experience between 5 years to 16 years. Check how did we calculate take home salary?

What is the notice period for Procurement at ITC?

According to AmbitionBox, 100% of the ITC Procurements reported a notice period of 15 days or less.This is based on 2 responses on AmbitionBox in last 2 years.

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ITC Procurement salary in India ranges between ₹6.3 Lakhs to ₹16.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 ITC latest salaries received from various employees of ITC.