Larsen & Toubro Limited Product Development Manager Salaries by 4 Employees

10 - 15 years exp.

₹13.5 Lakhs - ₹22.8 Lakhs

Low Confidence

Salary of majority employees

12% less than the average Product Development Manager Salary in Engineering & Construction Companies for 10 - 15 years of experience

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Salaries in different departments

Research & Development Product Development Manager Salary 10 - 15 years exp. (3 salaries)	₹16 L/yr - ₹22.8 L/yr
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Production, Manufacturing & Engineering Product Development Manager Salary 12 years exp. (AmbitionBox Estimate)	₹13.5 L/yr - ₹20.5 L/yr

Last Updated: 30 Nov 2023

Companies similar to Larsen & Toubro Limited for Product Development Manager

Company name	Avg Annual Salary	Open Jobs
Alstom Transportation Product Development Manager Salary 5 - 16 years exp. (9 salaries)	₹17 L/yr - ₹31 L/yr 12% more
American Express Product Development Manager Salary 4 - 15 years exp. (29 salaries)	₹20 L/yr - ₹38 L/yr 62% more
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HARMAN Product Development Manager Salary 10 - 18 years exp. (25 salaries)	₹15.2 L/yr - ₹40 L/yr 64% more
FIS Product Development Manager Salary 10 - 19 years exp. (20 salaries)	₹18.1 L/yr - ₹35.8 L/yr 43% more
Arvind Group Product Development Manager Salary 1 - 10 years exp. (18 salaries)	₹3.2 L/yr - ₹9.2 L/yr 67% less

Product Development Manager salary at Larsen & Toubro Limited ranges between ₹13.5 Lakhs to ₹22.8 Lakhs per year for employees with experience between 10 years to 15 years. Salary estimates are based on 4 latest salaries received from various employees of Larsen & Toubro Limited.

Experience wise Larsen & Toubro Limited Product Development Manager salaries

Last Updated: 30 Nov 2023

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹16 L/yr - ₹28.9 L/yr
11 years (AmbitionBox Estimate)	₹15.5 L/yr - ₹19.8 L/yr
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12 years (AmbitionBox Estimate)	₹13.5 L/yr - ₹33 L/yr
13 years (AmbitionBox Estimate)	₹17.5 L/yr - ₹22.4 L/yr
14 years (AmbitionBox Estimate)	₹8.3 L/yr - ₹21.4 L/yr
15+ years (AmbitionBox Estimate)	₹8.7 L/yr - ₹22.8 L/yr

View all

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Top skills at Larsen & Toubro Limited for Product Development Manager

Process design CFD AutoCAD Product Development Aspen HTRI Failure Analysis IDS

Salary related reviews for Larsen & Toubro Limited

4.0

Rated by 1 employees for salary & benefits

Assistant Store Manager in Chennai

Full Time

Procurement & Supply Chain Department

3.0

• posted on 27 Mar 2025

3.0

for Salary and Benefits

Likes

Working Culture is excellent.

Skill development - Excellent

+3 more

Dislikes

New joiners are getting good designation & package as well but old employees are not getting promotion on time & increasement also very poor. Staff's actual evaluation is zero.

Promotions - Poor

+1 more

Senior Engineer in Jajpur

Full Time

Construction & Site Engineering Department

2.0

• posted on 07 Jan 2025

4.0

for Salary and Benefits

Likes

Colleague & senior was friendly. Salary on time. There was no tension regarding accomodation & travelling as I was project engineer.

Salary - Good

+2 more

Dislikes

As a project engineer Long working hours (12-14hr). Frequent job rotation between night & day shift. A lot of area to be managed by one. Unprofessional work culture

Work satisfaction - Poor

+2 more

Senior Engineer in Lucknow

Full Time

Construction & Site Engineering Department

4.0

• posted on 15 Dec 2024

4.0

for Salary and Benefits

Likes

On time salary, personal development and free online courses. Family accomodation.

Salary - Good

+4 more

Dislikes

PLR not good for site team. Promotion also not good if you are working as a site engineer, since, promotion is depend on PLR points.

Engineering Manager in New Delhi

Full Time

Energy & Mining Department

3.0

• posted on 06 Nov 2024

3.0

for Salary and Benefits

Likes

If you want to stay longer in government like environment this is for you, medical and domiciliary benefits are good, work life balance depends on your unit and your leadership.

Job security - Excellent

+1 more

Dislikes

6 day working, company policies, company tools, processes, HR, unclear salary structures, below average appraisals etc.

Promotions - Bad

+1 more

Senior Engineer in Guwahati

Full Time

Quality Assurance Department

5.0

• posted on 08 Oct 2024

5.0

for Salary and Benefits

Likes

Timely salary

Salary - Excellent

+4 more

Dislikes

No direct contact between management and project site execution member. All are systemised, in which no personal recognition of individual is there if immediate supervisor does'nt like you.

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Seeking Referral

Hi everyone, I’m currently exploring new career opportunities and would greatly appreciate a referral at any of the following companies: Google Larsen & Toubro (L&T) Boston Consulting Group (BCG) GMR Group Clifford Chance If you’re an employee at any of these organizations or know someone who could help, I’d be grateful for your support. Please feel free to reach out, and I’d be happy to share my resume and details.

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Larsen & Toubro Limited Product Development Manager Salary FAQs

What is the salary of Product Development Manager at Larsen & Toubro Limited ?

The average salary of a Product Development Manager at Larsen & Toubro Limited in India typically ranges from ₹13.5 Lakhs to ₹22.8 Lakhs per year, depending on experience (from 10 years to 15 years).

The top 10% of Product Development Manager at Larsen & Toubro Limited earn more than ₹22.8 Lakhs per year, and the top 1% earn over ₹22.8 Lakhs per year. Product Development Manager Salaries at Larsen & Toubro Limited 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 Larsen & Toubro Limited employees in India.

What is the estimated take home salary of a Product Development Manager at Larsen & Toubro Limited in India?

The estimated take-home salary of a Product Development Manager at Larsen & Toubro Limited in India typically ranges from ₹1,26,045 to ₹1,30,106 per month. This is based on the average salary range of ₹13.5 Lakhs to ₹22.8 Lakhs per year for employees with experience ranging from 10 years to 15 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 Larsen & Toubro Limited. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Product Development Manager at Larsen & Toubro Limited ?

To be a Product Development Manager at Larsen & Toubro Limited in india, the key skills required include:

- Process design
- CFD
- AutoCAD
- Product Development
- Aspen

These skills are highly valued at Larsen & Toubro Limited and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Larsen & Toubro Limited for Product Development Manager in India?

HARMAN	₹15.2 Lakhs to ₹40.0 Lakhs per year
American Express	₹20.0 Lakhs to ₹38.0 Lakhs per year
FIS	₹18.1 Lakhs to ₹35.8 Lakhs per year
Alstom Transportation	₹17.0 Lakhs to ₹31.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Larsen & Toubro Limited, depending on the role and experience level.

What is the salary of a Product Development Manager in companies similar to Larsen & Toubro Limited in India?

The salary of a Product Development Manager at companies similar to Larsen & Toubro Limited in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Arvind Group

₹3.2 Lakhs to ₹9.2 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 Product Development Manager at Larsen & Toubro Limited in India?

The salary growth for a Product Development Manager at Larsen & Toubro Limited depends on factors such as experience, performance, and promotions. On average, a Product Development Manager can expect the following growth trajectory at Larsen & Toubro Limited:

Experience	Average Salary Range
10 years	₹16.0 Lakhs to ₹28.9 Lakhs per year
11 years	₹15.5 Lakhs to ₹19.8 Lakhs per year
12 years	₹13.5 Lakhs to ₹33.0 Lakhs per year
13 years	₹17.5 Lakhs to ₹22.4 Lakhs per year

and so on.

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Larsen & Toubro Limited Product Development Manager Salaries

Larsen & Toubro Limited Product Development Manager salary in India ranges between ₹13.5 Lakhs to ₹22.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Larsen & Toubro Limited latest salaries received from various employees of Larsen & Toubro Limited.