L&T Finance Mechanical Engineer Salaries by 4 Employees

1 - 4 years exp.

₹2.3 Lakhs - ₹5.4 Lakhs

Low Confidence

Salary of majority employees

20% less than the average Mechanical Engineer Salary in NBFC Companies for 1 - 4 years of experience

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Salaries in different departments

Production, Manufacturing & Engineering Mechanical Engineer Salary 4 years exp. (AmbitionBox Estimate)	₹4.8 L/yr - ₹5.9 L/yr
Project & Program Management Mechanical Engineer Salary 1 year exp. (AmbitionBox Estimate)	₹2.1 L/yr - ₹2.5 L/yr
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Research & Development Mechanical Engineer Salary 1 year exp. (AmbitionBox Estimate)	₹3.2 L/yr - ₹3.9 L/yr

Last Updated: 13 Mar 2023

Companies similar to L&T Finance for Mechanical Engineer

Company name	Avg Annual Salary	Open Jobs
Manappuram Finance Mechanical Engineer Salary 1 - 5 years exp. (4 salaries)	₹2.5 L/yr - ₹3.4 L/yr 27% less
Mahindra Finance Mechanical Engineer Salary 7 - 25 years exp. (3 salaries)	₹1.5 L/yr - ₹3.1 L/yr 31% less
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Shriram Finance Mechanical Engineer Salary 0 - 4 years exp. (3 salaries)	₹2 L/yr - ₹3.6 L/yr 27% less
Larsen & Toubro Limited Mechanical Engineer Salary 0 - 12 years exp. (559 salaries)	₹1.8 L/yr - ₹9.5 L/yr 61% more
Reliance Industries Mechanical Engineer Salary 1 - 10 years exp. (509 salaries)	₹1.7 L/yr - ₹9.9 L/yr 63% more	1 job opening

Mechanical Engineer salary at L&T Finance ranges between ₹2.3 Lakhs to ₹5.4 Lakhs per year for employees with experience between 1 year to 4 years. Salary estimates are based on 4 latest salaries received from various employees of L&T Finance.

Experience wise L&T Finance Mechanical Engineer salaries

Last Updated: 13 Mar 2023

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.3 L/yr - ₹3.6 L/yr
2 years (AmbitionBox Estimate)	₹1.3 L/yr - ₹3.6 L/yr
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3 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.8 L/yr
4 years (AmbitionBox Estimate)	₹2 L/yr - ₹5.4 L/yr

Similar Designation salaries in L&T Finance

Electrical Engineer Salary

(3 salaries)

₹2 L/yr - ₹3.6 L/yr

Senior Engineer Salary

(7 salaries)

₹4.3 L/yr - ₹10 L/yr

Service Engineer Salary

(3 salaries)

₹4.5 L/yr - ₹20 L/yr

Maintenance Engineer Salary

(AmbitionBox Estimate)

₹3.6 L/yr - ₹4.6 L/yr

Site Engineer Salary

(AmbitionBox Estimate)

₹4.5 L/yr - ₹5.8 L/yr

Project Engineer Salary

(AmbitionBox Estimate)

₹8.5 L/yr - ₹10.8 L/yr

Production Engineer Salary

(AmbitionBox Estimate)

₹5.9 L/yr - ₹7.5 L/yr

Technician Salary

(AmbitionBox Estimate)

₹76 L/yr - ₹84 L/yr

Deputy Manager Salary

(6 salaries)

₹7 L/yr - ₹9 L/yr

Officer Salary

(31 salaries)

₹1.2 L/yr - ₹3.6 L/yr

Salary related reviews for L&T Finance

4.5

Rated by 2 employees for salary & benefits

Senior Manager in Mumbai

Full Time

Human Resources Department

3.0

• posted on 24 Jan 2025

3.0

for Salary and Benefits

Likes

The work culture is dramatically different from before after the Leadership change. It’s all about work life balance and flexibility now.

Work-life balance - Good

Dislikes

While the work culture has improved there’s now a decline in opportunities for salary growth and promotions.

Skill development - Poor

+4 more

Team Manager in Mumbai

Full Time

Human Resources Department

4.0

• posted on 26 Dec 2024

5.0

for Salary and Benefits

Likes

Best company for Initiating the career Best in Class Salary and Compensation structure Best Terminal Benefits I come across Ambitious culture which surely can accelerate your career

Salary - Excellent

+1 more

Dislikes

Things decided by Middle Managers. Focused on short term achievement than sustainable development. Focused only on their own role and it will result in poor implementation. Duplicate reports and change according to the stakeholders.

Promotions - Poor

Branch Manager in Madhubani

Full Time

Finance & Accounting Department

2.0

• posted on 01 Dec 2024

4.0

for Salary and Benefits

Likes

Salary credit on time in any condition

Salary - Good

+1 more

Dislikes

Leave Policy.if the senior wishes,he will make him work for 30 days in a month's.There is no Hr Policy.secondly even if you are eligible for prmotion,if your senior does not wants it then will not get promotion,and if your senior wants it but is not eligible then he will also get promotion.There is no Hr Policy at all.

Job security - Bad

+4 more

Regional Process Manager in Kolkata

Full Time

Finance & Accounting Department

3.0

• posted on 26 Sep 2024

4.0

for Salary and Benefits

Likes

I am working in L&T last 4.6 years and I hope in good salary and appraisal time to time and future growth seen High.

Salary - Good

+3 more

Dislikes

I am facing issue about life balance. Not spend time with family and more concerned about job timing. Job timing and Saturday, Sunday working are very concerned area.

Company culture - Poor

+1 more

Branch Manager in Kochi

Full Time

Other Department

1.0

• posted on 01 Jul 2024

1.0

for Salary and Benefits

Likes

Nothing here to be liked

Dislikes

...ated people to save their job. If you complaints, you will be their next target. Mandatory yearly bonus is a part of your salary. Actually its not given. Always cutting your incentives.

Salary - Bad

+6 more

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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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L&T Finance Mechanical Engineer Salary FAQs

What is the salary of Mechanical Engineer at L&T Finance ?

The average salary of a Mechanical Engineer at L&T Finance in India typically ranges from ₹2.3 Lakhs to ₹5.4 Lakhs per year, depending on experience (from 1 year to 4 years).

The top 10% of Mechanical Engineer at L&T Finance earn more than ₹5.4 Lakhs per year, and the top 1% earn over ₹5.4 Lakhs per year. Mechanical Engineer Salaries at L&T Finance 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 4 L&T Finance employees in India.

What is the estimated take home salary of a Mechanical Engineer at L&T Finance in India?

The estimated take-home salary of a Mechanical Engineer at L&T Finance in India typically ranges from ₹27,301 to ₹28,706 per month. This is based on the average salary range of ₹2.3 Lakhs to ₹5.4 Lakhs per year for employees with experience ranging from 1 year to 4 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 4 salaries received from various employees of L&T Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than L&T Finance for Mechanical Engineer in India?

Reliance Industries	₹1.7 Lakhs to ₹9.9 Lakhs per year
Larsen & Toubro Limited	₹1.8 Lakhs to ₹9.5 Lakhs per year

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

What is the salary of a Mechanical Engineer in companies similar to L&T Finance in India?

The salary of a Mechanical Engineer at companies similar to L&T Finance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Manappuram Finance	₹2.5 Lakhs to ₹3.4 Lakhs per year
Shriram Finance	₹2.0 Lakhs to ₹3.6 Lakhs per year
Mahindra Finance	₹1.5 Lakhs to ₹3.1 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 Engineer at L&T Finance in India?

The salary growth for a Mechanical Engineer at L&T Finance depends on factors such as experience, performance, and promotions. On average, a Mechanical Engineer can expect the following growth trajectory at L&T Finance:

Experience	Average Salary Range
1 year	₹2.3 Lakhs to ₹3.6 Lakhs per year
2 years	₹1.3 Lakhs to ₹3.6 Lakhs per year
3 years	₹3.7 Lakhs to ₹4.8 Lakhs per year
4 years	₹2.0 Lakhs to ₹5.4 Lakhs per year

and so on.

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L&T Finance Mechanical Engineer Salaries by Location

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L&T Finance Mechanical Engineer Salaries

L&T Finance Mechanical Engineer salary in India ranges between ₹2.3 Lakhs to ₹5.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 L&T Finance latest salaries received from various employees of L&T Finance.

L&T Finance Mechanical Engineer salaries in India

Companies similar to L&T Finance for Mechanical Engineer

Latest annual salaries shared by L&T Finance Mechanical Engineer

Experience wise L&T Finance Mechanical Engineer salaries

Similar Designation salaries in L&T Finance

Salary related reviews for L&T Finance

Senior Manager in Mumbai

Team Manager in Mumbai

Branch Manager in Madhubani

Regional Process Manager in Kolkata

Branch Manager in Kochi

L&T Finance Mechanical Engineer Salary FAQs

Tell us how to improve this page.

L&T Finance Mechanical Engineer Salaries by Location