Lakshmi Machine Works R&D Manager Salaries by 5 Employees (Updated 2024)

21 - 31 years exp.

₹12.1 Lakhs - ₹15.1 Lakhs

Low Confidence

Salary of majority employees

34% less than the average R&D Manager Salary in Industrial Machinery Companies for 21 - 31 years of experience

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Last Updated: 15 Mar 2023

Companies similar to Lakshmi Machine Works for R&D Manager

Company name	Avg Annual Salary	Open Jobs
Kirloskar Brothers R&D Manager Salary 12 - 15 years exp. (7 salaries)	₹12 L/yr - ₹16.5 L/yr 3% less
Siemens R&D Manager Salary 10 - 20 years exp. (11 salaries)	₹12.8 L/yr - ₹28 L/yr 36% more
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Bajaj Auto R&D Manager Salary 4 - 23 years exp. (36 salaries)	₹12.8 L/yr - ₹42 L/yr 90% more
Medha Servo Drives R&D Manager Salary 11 - 16 years exp. (17 salaries)	₹24.8 L/yr - ₹36 L/yr 114% more
Dassault Systemes R&D Manager Salary 6 - 16 years exp. (16 salaries)	₹15 L/yr - ₹28 L/yr 55% more

R&D Manager salary at Lakshmi Machine Works ranges between ₹12.1 Lakhs to ₹15.1 Lakhs per year for employees with experience between 21 years to 31 years. Salary estimates are based on 5 latest salaries received from various employees of Lakshmi Machine Works.

Experience wise Lakshmi Machine Works R&D Manager salaries

Last Updated: 15 Mar 2023

Experience	Avg Annual Salary
15+ years (5 salaries)	₹12.1 L/yr - ₹15.1 L/yr
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Top skills at Lakshmi Machine Works for R&D Manager

Technical Support Customer Complaints Troubleshooting Raw Material D Root Cause Analysis New Product

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.

Design & Development Engineer in Coimbatore

Research & Development Department

1.0

• posted on 30 Apr 2021

1.0

for Salary and Benefits

Likes

Good colleagues.

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.

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.

Dislikes

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

Mechanical Engg. Design in Coimbatore

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

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 😂😂😂

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.

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Salary Discussions, Hike & Promotions

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 R&D Manager Salary FAQs

What is the salary of R&D Manager at Lakshmi Machine Works?

R&D Manager salary at Lakshmi Machine Works in India ranges between ₹12.1 Lakhs to ₹15.1 Lakhs for experience between 21 years to 31 years. According to our estimates it is 34% less than the average R&D Manager Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Lakshmi Machine Works India.

How does the salary of a R&D Manager at Lakshmi Machine Works India compare with the average salary range for this job?

The average salary of a R&D Manager at Lakshmi Machine Works is 34% less than the average salary of a R&D Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a R&D Manager at Lakshmi Machine Works?

Technical Support, Customer Complaints, Troubleshooting, Raw Material and D are some of the popular skills required to work as a R&D Manager at Lakshmi Machine Works India.

Which similar companies are paying more than Lakshmi Machine Works to a R&D Manager in India?

Medha Servo Drives R&D Manager Salary - ₹24.8 Lakhs to ₹36.0 Lakhs per year
Bajaj Auto R&D Manager Salary - ₹12.8 Lakhs to ₹42.0 Lakhs per year
Dassault Systemes R&D Manager Salary - ₹15.0 Lakhs to ₹28.0 Lakhs per year
Siemens R&D Manager Salary - ₹12.8 Lakhs to ₹28.0 Lakhs per year

What is the salary of a R&D Manager in companies similar to Lakshmi Machine Works in India?

Kirloskar Brothers R&D Manager Salary - ₹12.0 Lakhs to ₹16.5 Lakhs per year

What is the estimated take home salary of a R&D Manager at Lakshmi Machine Works in India?

The estimated take-home salary of a R&D Manager at Lakshmi Machine Works ranges between ₹99,966 per month to ₹1,02,687 per month in India. The take-home salary calculation is based on the average Lakshmi Machine Works R&D Manager salary in India which ranges between ₹12.1 Lakhs to ₹15.1 Lakhs per year for employees with experience between 21 years to 31 years. Check how did we calculate take home salary?

What is the notice period for R&D Manager at Lakshmi Machine Works?

According to AmbitionBox, 100% of the Lakshmi Machine Works R&D Managers reported a notice period of 3 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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Lakshmi Machine Works R&D Manager Salaries

Lakshmi Machine Works R&D Manager salary in India ranges between ₹12.1 Lakhs to ₹15.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Lakshmi Machine Works latest salaries received from various employees of Lakshmi Machine Works.