Lakshmi Machine Works Senior Mechanical Design Engineer Salaries by 4 Employees

6 - 8 years exp.

₹6 Lakhs - ₹6.9 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

33% less than the average Senior Mechanical Design Engineer Salary in Industrial Machinery Companies for 6 - 8 years of experience

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Last Updated: 15 Mar 2023

Companies similar to Lakshmi Machine Works for Senior Mechanical Design Engineer

Company name	Avg Annual Salary	Open Jobs
ABB Senior Mechanical Design Engineer Salary 8 - 14 years exp. (10 salaries)	₹7.7 L/yr - ₹18 L/yr 82% more
Danfoss Industries Senior Mechanical Design Engineer Salary 9 - 15 years exp. (7 salaries)	₹11.8 L/yr - ₹15.7 L/yr 126% more
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Cummins Senior Mechanical Design Engineer Salary 3 - 11 years exp. (4 salaries)	₹5.1 L/yr - ₹20 L/yr 105% more
TechnipFMC Senior Mechanical Design Engineer Salary 11 - 13 years exp. (4 salaries)	₹8 L/yr - ₹13 L/yr 63% more
EMERSON PROCESS MANAGEMENT Senior Mechanical Design Engineer Salary 8 - 10 years exp. (3 salaries)	₹7 L/yr - ₹12 L/yr 69% more

Senior Mechanical Design Engineer salary at Lakshmi Machine Works ranges between ₹6 Lakhs to ₹6.9 Lakhs per year for employees with experience between 6 years to 8 years. Salary estimates are based on 4 latest salaries received from various employees of Lakshmi Machine Works.

Experience wise Lakshmi Machine Works Senior Mechanical Design Engineer salaries

Last Updated: 15 Mar 2023

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹7.2 L/yr
7 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.9 L/yr
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8 years (AmbitionBox Estimate)	₹6.2 L/yr - ₹7.9 L/yr

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Salary related reviews for Lakshmi Machine Works

4.0

Rated by 1 employees for salary & benefits

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

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.

Salary - Bad

+3 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.

Skill development - Good

+1 more

Dislikes

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

Promotions - Poor

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.

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

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.

Salary - Good

+3 more

Dislikes

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

Skill development - Poor

+2 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

Promotions - Good

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.

Skill development - Bad

+3 more

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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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Lakshmi Machine Works Senior Mechanical Design Engineer Salary FAQs

What is the salary of Senior Mechanical Design Engineer at Lakshmi Machine Works ?

The average salary of a Senior Mechanical Design Engineer at Lakshmi Machine Works in India typically ranges from ₹6.0 Lakhs to ₹6.9 Lakhs per year, depending on experience (from 6 years to 8 years).

The top 10% of Senior Mechanical Design Engineer at Lakshmi Machine Works earn more than ₹6.9 Lakhs per year, and the top 1% earn over ₹6.9 Lakhs per year. Senior Mechanical 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 4 Lakshmi Machine Works employees in India.

What is the estimated take home salary of a Senior Mechanical Design Engineer at Lakshmi Machine Works in India?

The estimated take-home salary of a Senior Mechanical Design Engineer at Lakshmi Machine Works in India typically ranges from ₹48,408 to ₹49,553 per month. This is based on the average salary range of ₹6.0 Lakhs to ₹6.9 Lakhs per year for employees with experience ranging from 6 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 4 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 Senior Mechanical Design Engineer in India?

Danfoss Industries	₹11.8 Lakhs to ₹15.7 Lakhs per year
Cummins	₹5.1 Lakhs to ₹20.0 Lakhs per year
ABB	₹7.7 Lakhs to ₹18.0 Lakhs per year
EMERSON PROCESS MANAGEMENT	₹7.0 Lakhs to ₹12.0 Lakhs per year
TechnipFMC	₹8.0 Lakhs to ₹13.0 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.

How the salary growth look like for a Senior Mechanical Design Engineer at Lakshmi Machine Works in India?

The salary growth for a Senior Mechanical Design Engineer at Lakshmi Machine Works depends on factors such as experience, performance, and promotions. On average, a Senior Mechanical Design Engineer can expect the following growth trajectory at Lakshmi Machine Works:

Experience	Average Salary Range
6 years	₹5.6 Lakhs to ₹7.2 Lakhs per year
7 years	₹5.4 Lakhs to ₹6.9 Lakhs per year
8 years	₹6.2 Lakhs to ₹7.9 Lakhs per year

and so on.

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Lakshmi Machine Works Senior Mechanical Design Engineer Salaries

Lakshmi Machine Works Senior Mechanical Design Engineer salary in India ranges between ₹6 Lakhs to ₹6.9 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Lakshmi Machine Works latest salaries received from various employees of Lakshmi Machine Works.

Lakshmi Machine Works Senior Mechanical Design Engineer salaries in India

Companies similar to Lakshmi Machine Works for Senior Mechanical Design Engineer

Latest annual salaries shared by Lakshmi Machine Works Senior Mechanical Design Engineer

Experience wise Lakshmi Machine Works Senior Mechanical Design Engineer salaries

Similar Designation salaries in Lakshmi Machine Works

Salary related reviews for Lakshmi Machine Works

Senior Design Engineer in Coimbatore

Senior Engineer in Pune

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Technical Sales Engineer in Pune

Purchase Engineer in Coimbatore

Lakshmi Machine Works Senior Mechanical Design Engineer Salary FAQs

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