Lakshmi Machine Works Senior R&D Engineer Salaries by 7 Employees (Updated 2024)

1 - 14 years exp.

₹5.7 Lakhs - ₹7.1 Lakhs

Low Confidence

Salary of majority employees

57% less than the average Senior R&D Engineer Salary in Industrial Machinery Companies for 1 - 14 years of experience

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Last Updated: 13 Oct 2024

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

Company name	Avg Annual Salary	Open Jobs
Voltas Senior R&D Engineer Salary 7 - 8 years exp. (4 salaries)	₹9.5 L/yr - ₹10.5 L/yr 44% more
Siemens Senior R&D Engineer Salary 5 - 8 years exp. (4 salaries)	₹10 L/yr - ₹15.3 L/yr 86% more
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TCS Senior R&D Engineer Salary 4 - 7 years exp. (4 salaries)	₹4 L/yr - ₹10 L/yr 17% more
HCLTech Senior R&D Engineer Salary 7 - 13 years exp. (5 salaries)	₹10.3 L/yr - ₹12.2 L/yr 62% more
Cummins Senior R&D Engineer Salary 4 - 9 years exp. (4 salaries)	₹15 L/yr - ₹27 L/yr 189% more

Senior R&D Engineer salary at Lakshmi Machine Works ranges between ₹5.7 Lakhs to ₹7.1 Lakhs per year for employees with experience between 1 year to 14 years. Salary estimates are based on 7 latest salaries received from various employees of Lakshmi Machine Works.

Experience wise Lakshmi Machine Works Senior R&D Engineer salaries

Last Updated: 13 Oct 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹5.7 L/yr - ₹12.3 L/yr
2 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹7.1 L/yr
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3 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹7 L/yr
4 years (AmbitionBox Estimate)	₹6.2 L/yr - ₹7.9 L/yr
5 years (AmbitionBox Estimate)	₹6.2 L/yr - ₹7.9 L/yr
6 years (AmbitionBox Estimate)	₹6 L/yr - ₹12.4 L/yr
7 years (AmbitionBox Estimate)	₹6.2 L/yr - ₹8 L/yr
8 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹7.1 L/yr
9 years (AmbitionBox Estimate)	₹6.2 L/yr - ₹8 L/yr
10 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹8 L/yr
11 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹8 L/yr
12 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹8 L/yr
13 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹7 L/yr
14 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹7 L/yr

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₹2.9 L/yr - ₹3.7 L/yr

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Salary related reviews for Lakshmi Machine Works

3.0

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

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.

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.

Dislikes

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

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.

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.

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.

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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 Senior R&D Engineer Salary FAQs

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

Senior R&D Engineer salary at Lakshmi Machine Works in India ranges between ₹5.7 Lakhs to ₹7.1 Lakhs for experience between 1 years to 14 years. According to our estimates it is 57% less than the average Senior R&D Engineer Salary in India. Salary estimates are based on 7 latest salaries received from various employees of Lakshmi Machine Works India.

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

The average salary of a Senior R&D Engineer at Lakshmi Machine Works is 57% less than the average salary of a Senior R&D Engineer in India. To know exact salary insights, login to view.

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

Cummins Senior R&D Engineer Salary - ₹15.0 Lakhs to ₹27.0 Lakhs per year
Siemens Senior R&D Engineer Salary - ₹10.0 Lakhs to ₹15.3 Lakhs per year
HCLTech Senior R&D Engineer Salary - ₹10.3 Lakhs to ₹12.2 Lakhs per year
Voltas Senior R&D Engineer Salary - ₹9.5 Lakhs to ₹10.5 Lakhs per year
TCS Senior R&D Engineer Salary - ₹4.0 Lakhs to ₹10.0 Lakhs per year

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

The estimated take-home salary of a Senior R&D Engineer at Lakshmi Machine Works ranges between ₹52,992 per month to ₹54,240 per month in India. The take-home salary calculation is based on the average Lakshmi Machine Works Senior R&D Engineer salary in India which ranges between ₹5.7 Lakhs to ₹7.1 Lakhs per year for employees with experience between 1 years to 14 years. Check how did we calculate take home salary?

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

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

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Lakshmi Machine Works Senior R&D Engineer Salaries

Lakshmi Machine Works Senior R&D Engineer salary in India ranges between ₹5.7 Lakhs to ₹7.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Lakshmi Machine Works latest salaries received from various employees of Lakshmi Machine Works.