KONE Chennai Procurement Specialist Salaries by 5 Employees

4 - 10 years exp.

₹2.9 Lakhs - ₹9 Lakhs

Avg. annual salary

Monthly In-hand Salary

13% less than the average Procurement Specialist Salary in Industrial Machinery Companies for 4 - 10 years of experience

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Last Updated: 7 May 2023

Companies similar to KONE for Procurement Specialist in Chennai

KONE Procurement Specialist Salary

4 - 10 years exp. (5 salaries)

₹2.9 L/yr - ₹9 L/yr

Company name	Avg Annual Salary	Open Jobs
Caterpillar Inc Procurement Specialist Salary 2 - 7 years exp. (11 salaries)	₹3.5 L/yr - ₹11.2 L/yr 9% more
Flex Procurement Specialist Salary 3 - 10 years exp. (261 salaries)	₹3.5 L/yr - ₹8.2 L/yr 14% more
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SoftwareOne Procurement Specialist Salary 3 - 11 years exp. (71 salaries)	₹4.5 L/yr - ₹9.5 L/yr 28% more
IBM Procurement Specialist Salary 1 - 5 years exp. (32 salaries)	₹2.5 L/yr - ₹7.5 L/yr 19% less
Accenture Procurement Specialist Salary 3 - 13 years exp. (18 salaries)	₹3.9 L/yr - ₹14 L/yr 46% more	1 job opening

Procurement Specialist salary at KONE ranges between ₹2.9 Lakhs to ₹9 Lakhs per year for employees with experience between 4 years to 10 years. Salary estimates are based on 5 latest salaries received from various employees of KONE.

Experience wise KONE Procurement Specialist salaries in Chennai

Last Updated: 7 May 2023

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr
8 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹7.2 L/yr
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9 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹7 L/yr
10 years (AmbitionBox Estimate)	₹8.1 L/yr - ₹10.3 L/yr

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Purchase Engineer Salary

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Procurement Engineer Salary

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Salary related reviews for KONE

4.0

Rated by 1 employees for salary & benefits

Senior Engineer in Patna

Full Time

Production, Manufacturing & Engineering Department

3.0

• posted on 10 Jul 2023

3.0

for Salary and Benefits

Likes

There are lot of thing in the organisation which makes a man capable of handling management but proper training in person is required. That is missing.

Dislikes

There are no physical trainings provided. No clear portal for learning. Pressure is high due to quarterly bonus system.

Skill development - Bad

+1 more

Business Development Manager in Kolkata

Full Time

Sales & Business Development Department

1.0

• posted on 02 Mar 2025

1.0

for Salary and Benefits

Likes

Not at all, this a hell of a company. Work culture in Kone kolkata branch is very very bad. No job stability l, Specially seniors asks for special favours especially from female employees like us for promotion and growth in career. This is not a safe place for any employee be it a women or men. Situations are similar In regional office and kolkata branch offices are headed by perverts. Specially in kolkata branch office we regularly hear words e.g."b*k* c*oda, b@r*, khan**, Ren** by branch head S. Mukher*** while calling his subordinates regularly. Branch head has very less patience level uses slags every now and then and also known for abusing his juniors. hR has no role to play in this instead they turn deaf ear to all such complaints l made by any employee. In order to get promoted here one needs to provide extra service to BH other than kick backs. BH is directly involved in vendor favouritism in exchange of cash, employee favouritism and lift license cash handling.

Dislikes

Everything except timely salary.

Salary - Bad

+6 more

Senior Specialist in Chennai

Full Time

Quality Assurance Department

4.0

• posted on 23 Dec 2023

4.0

for Salary and Benefits

Likes

...re working. Global functions have good scope and visibility in the organization. Got a salary and designation change after 1 year of joining. Good appraisals as KONE has achieved its targets (exceeded) for 2023.

Salary - Good

+6 more

Dislikes

Conservative environment, lack of knowledge with the current tools and applications. Operations area are quiet hectic to work.

Service Technician in Chennai

Full Time

Production, Manufacturing & Engineering Department

4.0

• posted on 08 Mar 2023

3.0

for Salary and Benefits

Likes

Safety wise good. Top management activities good.

Job security - Good

+1 more

Dislikes

... the target in time so Management need to improve different quality of target . Finally my personal opinion is salary is not sufficient and need to revise the salary for management and trainee.Thanks for the given opportunity

Promotions - Poor

Material Management Executive in Chennai

Full Time

Procurement & Supply Chain Department

5.0

• posted on 04 Dec 2022

4.0

for Salary and Benefits

Likes

One of the best Manufacturing industry.. I work in Global research centre. Here you can come accross various teams and their activities.. Work wise it is one of the best place.

Salary - Good

+5 more

Dislikes

Salary for new commers are great but for the existing employees it is worst.. This will make you to think how company values its existing employees who have more experience and knowledge..

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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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KONE Procurement Specialist Salary FAQs

What is the salary of Procurement Specialist at KONE in Chennai?

The average salary of a Procurement Specialist at KONE in Chennai typically ranges from ₹2.9 Lakhs to ₹9.0 Lakhs per year, depending on experience (from 4 years to 10 years).

The top 10% of Procurement Specialist in Chennai at KONE earn more than ₹9.0 Lakhs per year, and the top 1% earn over ₹9.0 Lakhs per year. Procurement Specialist Salaries at KONE 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 5 KONE employees in India.

What is the estimated take home salary of a Procurement Specialist at KONE in Chennai?

The estimated take-home salary of a Procurement Specialist at KONE in Chennai typically ranges from ₹46,320 to ₹47,418 per month. This is based on the average salary range of ₹2.9 Lakhs to ₹9.0 Lakhs per year for employees with experience ranging from 4 years to 10 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 5 salaries received from various employees of KONE. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than KONE for Procurement Specialist in India?

Accenture	₹3.9 Lakhs to ₹14.0 Lakhs per year
SoftwareOne	₹4.5 Lakhs to ₹9.5 Lakhs per year
Flex	₹3.5 Lakhs to ₹8.2 Lakhs per year
Caterpillar Inc	₹3.5 Lakhs to ₹11.2 Lakhs per year

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

What is the salary of a Procurement Specialist in companies similar to KONE in Chennai?

The salary of a Procurement Specialist at companies similar to KONE in Chennai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

IBM	₹2.5 Lakhs to ₹7.5 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 Procurement Specialist at KONE in Chennai?

The salary growth for a Procurement Specialist at KONE in Chennai depends on factors such as experience, performance, and promotions. On average, a Procurement Specialist in Chennai can expect the following growth trajectory at KONE:

Experience	Average Salary Range
4 years	₹2.6 Lakhs to ₹3.3 Lakhs per year
8 years	₹5.7 Lakhs to ₹7.2 Lakhs per year
9 years	₹5.5 Lakhs to ₹7.0 Lakhs per year
10 years	₹8.1 Lakhs to ₹10.3 Lakhs per year

and so on.

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KONE Procurement Specialist Salaries in Chennai

KONE Procurement Specialist salary in Chennai ranges between ₹2.9 Lakhs to ₹9 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 KONE latest salaries received from various employees of KONE.