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Lakshmi Machine Works R&D Design Engineer salaries in India (Updated 2025)

Annual salary range
3 - 8 years exp.
₹3.3 Lakhs - ₹8 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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Fixed (85%)
₹5.4 Lakhs
Variable (15%)
₹1.0 Lakh
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11% more than the average R&D Design Engineer Salary in Industrial Machinery Companies for 3 - 8 years of experience

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Last Updated: 14 Mar 2025

Companies similar to Lakshmi Machine Works for R&D Design Engineer

Company name Avg Annual Salary Open Jobs
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Bajaj Auto R&D Design Engineer Salary

9 - 15 years exp. (13 salaries)

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₹8.5 L/yr - ₹13 L/yr

arrow icon 75% more
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KONE R&D Design Engineer Salary

0 - 6 years exp. (9 salaries)

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₹2.5 L/yr - ₹6 L/yr

arrow icon 44% less
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Battrixx R&D Design Engineer Salary

1 - 6 years exp. (8 salaries)

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₹3 L/yr - ₹5 L/yr

arrow icon 37% less
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₹3.9 L/yr - ₹7.8 L/yr

arrow icon 13% less
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MRF Tyres R&D Design Engineer Salary

0 - 2 years exp. (6 salaries)

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₹5.7 L/yr - ₹8 L/yr

arrow icon 4% more
R&D Design Engineer salary at Lakshmi Machine Works ranges between ₹3.3 Lakhs to ₹8 Lakhs per year for employees with experience between 3 years to 8 years. Salary estimates are based on 8 latest salaries received from various employees of Lakshmi Machine Works.

Latest annual salaries shared by Lakshmi Machine Works R&D Design Engineer

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Experience wise Lakshmi Machine Works R&D Design Engineer salaries

Last Updated: 14 Mar 2025

Experience Avg Annual Salary
3 years (AmbitionBox Estimate)

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₹4.8 L/yr - ₹6.1 L/yr
4 years (AmbitionBox Estimate)

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₹5.1 L/yr - ₹6.6 L/yr
5 years (AmbitionBox Estimate)

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₹5.5 L/yr - ₹7.1 L/yr
6 years (AmbitionBox Estimate)

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₹5.9 L/yr - ₹7.5 L/yr
7 years (AmbitionBox Estimate)

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₹6.3 L/yr - ₹8 L/yr
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Similar Designation salaries in Lakshmi Machine Works

Design Engineer Salary
(106 salaries)
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₹1.8 L/yr - ₹6.77 L/yr
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₹5 L/yr - ₹9 L/yr
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₹2.3 L/yr - ₹7.5 L/yr
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₹1.55 L/yr - ₹2.75 L/yr
R&D Engineer Salary
(13 salaries)
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₹3 L/yr - ₹8 L/yr
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₹4 L/yr - ₹5.7 L/yr
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₹5 L/yr - ₹6.55 L/yr
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₹8.6 L/yr - ₹9.6 L/yr
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₹6 L/yr - ₹7.1 L/yr
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₹4.5 L/yr - ₹6.47 L/yr

Salary related reviews for Lakshmi Machine Works

5.0

Rated by 1 employees for salary & benefits

Research & Development Department

1.0
  •  posted on 12 May 2022

1.0
 for  Salary and Benefits

Likes

Job is secured

  • Job security - Good
  • +1 more

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
  • Salary - Bad
  • +3 more

Research & Development Department

1.0
  •  posted on 30 Apr 2021

1.0
 for  Salary and Benefits

Likes

Good colleagues.

  • Job security - Good

Dislikes

No yearly hike. Poor work life balance. No compensation at all even if you work on Sunday, or 2 shifts, Highly caste based company, Heavy politics, they don't know how to utilise young minds. Highly strict working hours.

read more
  • Salary - Bad
  • +2 more

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
  • Salary - Good
  • +2 more

Dislikes

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

  • Company culture - Poor

Research & Development Department

2.0
  •  posted on 30 Apr 2021

2.0
 for  Salary and Benefits

Likes

Real core industry and huge opportunities for leaning. Highly skilled colleagues

  • Skill development - Good
  • +3 more

Dislikes

Complete pack of internal politics. Most people won’t work since fixed salary for every batch. I.e., people do zero work and 99% put hard work, both get same hike and salary 😂😂😂

read more
  • Salary - Poor
  • +2 more

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.

  • Salary - Good
  • +3 more

Dislikes

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

read more
  • Skill development - Poor
  • +2 more
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Lakshmi Machine Works R&D Design Engineer Salary FAQs

What is the salary of R&D Design Engineer at Lakshmi Machine Works ?
The average salary of a R&D Design Engineer at Lakshmi Machine Works in India typically ranges from ₹3.3 Lakhs to ₹8.0 Lakhs per year, depending on experience (from 3 years to 8 years).

The top 10% of R&D Design Engineer at Lakshmi Machine Works earn more than ₹8.0 Lakhs per year, and the top 1% earn over ₹8.0 Lakhs per year. R&D Design Engineer Salaries at Lakshmi Machine Works 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 Lakshmi Machine Works employees in India.
What is the estimated take home salary of a R&D Design Engineer at Lakshmi Machine Works in India?
The estimated take-home salary of a R&D Design Engineer at Lakshmi Machine Works in India typically ranges from ₹48,416 to ₹49,561 per month. This is based on the average salary range of ₹3.3 Lakhs to ₹8.0 Lakhs per year for employees with experience ranging from 3 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 Lakshmi Machine Works. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Lakshmi Machine Works for R&D Design Engineer in India?
Bajaj Auto ₹8.5 Lakhs to ₹13.0 Lakhs per year
MRF Tyres ₹5.7 Lakhs to ₹8.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Lakshmi Machine Works, depending on the role and experience level.
What is the salary of a R&D Design Engineer in companies similar to Lakshmi Machine Works in India?
The salary of a R&D Design Engineer at companies similar to Lakshmi Machine Works in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Medha Servo Drives ₹3.9 Lakhs to ₹7.8 Lakhs per year
Battrixx ₹3.0 Lakhs to ₹5.0 Lakhs per year
KONE ₹2.5 Lakhs to ₹6.0 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 R&D Design Engineer at Lakshmi Machine Works in India?
The salary growth for a R&D Design Engineer at Lakshmi Machine Works depends on factors such as experience, performance, and promotions. On average, a R&D Design Engineer can expect the following growth trajectory at Lakshmi Machine Works:

Experience Average Salary Range
3 years ₹4.8 Lakhs to ₹6.1 Lakhs per year
4 years ₹5.1 Lakhs to ₹6.6 Lakhs per year
5 years ₹5.5 Lakhs to ₹7.1 Lakhs per year
6 years ₹5.9 Lakhs to ₹7.5 Lakhs per year
and so on.

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Lakshmi Machine Works R&D Design Engineer salary in India ranges between ₹3.3 Lakhs to ₹8 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 8 Lakshmi Machine Works latest salaries received from various employees of Lakshmi Machine Works.