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Lakshmi Machine Works

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4.0

based on 739 Reviews

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Lakshmi Machine Works Product Development Engineer salaries in Coimbatore

Annual salary range
2 - 7 years exp.
₹4.5 Lakhs - ₹6.5 Lakhs
Salary of majority employees
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27% more than the average Product Development Engineer Salary in Industrial Machinery Companies for 2 - 7 years of experience

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Last Updated: 18 Sep 2024

Companies similar to Lakshmi Machine Works for Product Development Engineer in Coimbatore

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Lakshmi Machine Works Product Development Engineer Salary

2 - 7 years exp. (5 salaries)
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₹4.5 L/yr - ₹6.5 L/yr

vs
Company name Avg Annual Salary Open Jobs
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HCLTech Product Development Engineer Salary

4 - 7 years exp. (4 salaries)
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₹3.5 L/yr - ₹5.2 L/yr

arrow icon 23% less
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Pricol Product Development Engineer Salary

3 - 7 years exp. (9 salaries)
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₹2.5 L/yr - ₹6.8 L/yr

arrow icon 28% less
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Datinfi Product Development Engineer Salary

2 - 9 years exp. (8 salaries)
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₹3 L/yr - ₹9.4 L/yr

arrow icon 7% more
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Roots Multiclean Product Development Engineer Salary

3 - 10 years exp. (7 salaries)
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₹3.6 L/yr - ₹7.7 L/yr

arrow icon 9% less
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L.G.Balakrishnan & Bros Product Development Engineer Salary

3 - 5 years exp. (6 salaries)
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₹2.5 L/yr - ₹5.6 L/yr

arrow icon 45% less
Product Development Engineer salary at Lakshmi Machine Works ranges between ₹4.5 Lakhs to ₹6.5 Lakhs per year for employees with experience between 2 years to 7 years. Salary estimates are based on 5 latest salaries received from various employees of Lakshmi Machine Works.

Latest annual salaries shared by Lakshmi Machine Works Product Development Engineer in Coimbatore

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3 years exp.
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7 years exp.
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Experience wise Lakshmi Machine Works Product Development Engineer salaries in Coimbatore

Last Updated: 18 Sep 2024

Experience Avg Annual Salary
2 years (AmbitionBox Estimate)

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₹4.1 L/yr - ₹5.2 L/yr
3 years (AmbitionBox Estimate)

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₹5 L/yr - ₹6.3 L/yr
4 years (AmbitionBox Estimate)

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₹4.9 L/yr - ₹6.2 L/yr
6 years (AmbitionBox Estimate)

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₹5.8 L/yr - ₹7.4 L/yr
7 years (AmbitionBox Estimate)

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₹5.8 L/yr - ₹7.4 L/yr

Similar Designation salaries in Lakshmi Machine Works

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Senior Design Engineer Salary
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₹5 L/yr - ₹9.5 L/yr
Assistant Engineer Salary
(42 salaries)
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₹1.5 L/yr - ₹3.6 L/yr
Production Engineer Salary
(31 salaries)
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₹1.05 L/yr - ₹7.2 L/yr
Product Engineer Salary
(4 salaries)
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₹3 L/yr - ₹4.1 L/yr
Project Engineer Salary
(3 salaries)
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₹5 L/yr - ₹5.5 L/yr
New Product Development Engineer Salary
(3 salaries)
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₹4.8 L/yr - ₹6.5 L/yr

Salary related reviews for Lakshmi Machine Works

Senior Design Engineer in Coimbatore

Research & Development Department

1.0
  •  posted on 12 May 2022
1.0
 for  Salary and Benefits

Likes

Job is secured

Dislikes

1. Internal politics is more 2. Salary package is very low 3. Career growth after 5 years is NIL 4. Machine tool division unit current (2018-till date) HR does not know why he's in that position. He creates trouble for employees rather than solving.

read more

Senior Engineer in Pune

Customer Service Department Department

4.0
  •  posted on 21 Dec 2019
3.0
 for  Salary and Benefits

Likes

Colleagues here are helpful and good to work with, you can learn a lot and gain vital experience. Company has good credit and one of the prominent names in the industry.

read more

Dislikes

Growth is slow, compensation and increments are also average. Managers don’t value suggestions, laid back attitude.

read more

Design Engineer in Coimbatore

Research & Development Department

5.0
  •  posted on 25 Nov 2019
4.0
 for  Salary and Benefits

Likes

...UG degree holder will be great. Opportunity to learn & develop is high at start. Ontime salary, bonus, leave benefits are satisfactory. Employee welfare & work life balance is poor.

read more

Dislikes

Employee welfare & work life balance is poor. High discrimination found. Work load among team is not equal.

Technical Sales Engineer in Pune

Full Time

 · 

Sales & Business Development Department

2.0
  •  posted on 06 Oct 2023
4.0
 for  Salary and Benefits

Likes

For sales and service traveling expenses are really good. New joiners gets attractive packages.

Dislikes

No value for old employees. Less appraisal. Salary of loyal employees will be very less compared to new joiners.

read more

Purchase Engineer in Coimbatore

Full Time

 · 

Procurement & Supply Chain Department

1.0
  •  posted on 12 Sep 2023
3.0
 for  Salary and Benefits

Likes

No positives

Dislikes

...agers frequently bothering even during medical leave due to system shortcomings. High attrition rates plague SCM, exacerbated by attractive salary offers that ultimately lead to rapid resignations due to this culture less working environment. Prospective employees are requested to thoroughly investigate before joining or don't consider this organization.

read more
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2w
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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Lakshmi Machine Works Product Development Engineer Salary FAQs

What is the salary of Product Development Engineer at Lakshmi Machine Works Coimbatore?
Product Development Engineer salary at Lakshmi Machine Works in Coimbatore ranges between ₹4.5 Lakhs to ₹6.5 Lakhs for experience between 2 years to 7 years. According to our estimates it is 27% more than the average Product Development Engineer Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Lakshmi Machine Works Coimbatore.
How does the salary of a Product Development Engineer at Lakshmi Machine Works Coimbatore compare with the average salary range for this job?
The average salary of a Product Development Engineer at Lakshmi Machine Works is 27% more than the average salary of a Product Development Engineer in Coimbatore. To know exact salary insights, login to view.
Which similar companies are paying more than Lakshmi Machine Works to a Product Development Engineer in Coimbatore?
  • Datinfi Product Development Engineer Salary - ₹3.0 Lakhs to ₹9.4 Lakhs per year
What is the salary of a Product Development Engineer in companies similar to Lakshmi Machine Works in Coimbatore?
  • Roots Multiclean Product Development Engineer Salary - ₹3.6 Lakhs to ₹7.7 Lakhs per year
  • HCLTech Product Development Engineer Salary - ₹3.5 Lakhs to ₹5.2 Lakhs per year
  • Pricol Product Development Engineer Salary - ₹2.5 Lakhs to ₹6.8 Lakhs per year
  • L.G.Balakrishnan & Bros Product Development Engineer Salary - ₹2.5 Lakhs to ₹5.6 Lakhs per year
What is the estimated take home salary of a Product Development Engineer at Lakshmi Machine Works in Coimbatore?
The estimated take-home salary of a Product Development Engineer at Lakshmi Machine Works ranges between ₹42,930 per month to ₹44,051 per month in Coimbatore. The take-home salary calculation is based on the average Lakshmi Machine Works Product Development Engineer salary in India which ranges between ₹4.5 Lakhs to ₹6.5 Lakhs per year for employees with experience between 2 years to 7 years. Check how did we calculate take home salary?
What is the notice period for Product Development Engineer at Lakshmi Machine Works in Coimbatore?
According to AmbitionBox, 80% of the Lakshmi Machine Works Product Development Engineers in Coimbatore reported a notice period of 3 Months, 20% reported a notice period of 1 Month.This is based on 5 responses on AmbitionBox in last 2 years.

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Lakshmi Machine Works Product Development Engineer salary in Coimbatore ranges between ₹4.5 Lakhs to ₹6.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 5 Lakshmi Machine Works latest salaries received from various employees of Lakshmi Machine Works.