Larsen & Toubro Limited Mumbai Product Manager Salaries by 10+ Employees (Updated 2025)

1 - 14 years exp.

₹6.1 Lakhs - ₹20 Lakhs

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakhs

Monthly In-hand Salary

32% less than the average Product Manager Salary in Engineering & Construction Companies for 1 - 14 years of experience

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Salaries in different departments

Product Management Product Manager Salary 1 - 11 years exp. (10 salaries)	₹6.1 L/yr - ₹19.8 L/yr
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Research & Development Product Manager Salary 11 years exp. (AmbitionBox Estimate)	₹11.1 L/yr - ₹20 L/yr

Last Updated: 20 Mar 2025

Companies similar to Larsen & Toubro Limited for Product Manager in Mumbai

Larsen & Toubro Limited Product Manager Salary

1 - 14 years exp. (14 salaries)

₹6.1 L/yr - ₹20 L/yr

Company name	Avg Annual Salary	Open Jobs
Saint-Gobain Product Manager Salary 4 - 11 years exp. (7 salaries)	₹11 L/yr - ₹28 L/yr 35% more	1 job opening
ICICI Bank Product Manager Salary 0 - 10 years exp. (2.1k salaries)	₹7.5 L/yr - ₹27 L/yr 26% more
Login to view exact salary
HDFC Bank Product Manager Salary 0 - 14 years exp. (631 salaries)	₹7 L/yr - ₹25.7 L/yr 11% more
Axis Bank Product Manager Salary 0 - 10 years exp. (443 salaries)	₹7 L/yr - ₹28.7 L/yr 20% more
Kotak Mahindra Bank Product Manager Salary 0 - 12 years exp. (429 salaries)	₹6.9 L/yr - ₹24 L/yr 5% more	1 job opening

Product Manager salary at Larsen & Toubro Limited ranges between ₹6.1 Lakhs to ₹20 Lakhs per year for employees with experience between 1 year to 14 years. Salary estimates are based on 14 latest salaries received from various employees of Larsen & Toubro Limited.

Latest annual salaries shared by Larsen & Toubro Limited Product Manager in Mumbai

3w ago

₹16 Lakhs

6 years exp.

3w ago

₹19.8 Lakhs

11 years exp.

3w ago

₹16.1 Lakhs

2 years exp.

3mo ago

₹7 Lakhs

2 years exp.

4mo ago

₹7 Lakhs

1 year exp.

4mo ago

1 year exp.

5mo ago

1 year exp.

6mo ago

1 year exp.

10mo ago

10 years exp.

1y ago

9 years exp.

Experience wise Larsen & Toubro Limited Product Manager salaries in Mumbai

Last Updated: 20 Mar 2025

Experience	Avg Annual Salary
1 year (5 salaries)	₹7 L/yr - ₹16.1 L/yr
2 years (AmbitionBox Estimate)	₹9.7 L/yr - ₹12.4 L/yr
Login to view exact salary
3 years (AmbitionBox Estimate)	₹10.2 L/yr - ₹13.1 L/yr
4 years (AmbitionBox Estimate)	₹10.7 L/yr - ₹13.7 L/yr
5 years (AmbitionBox Estimate)	₹11.2 L/yr - ₹14.4 L/yr
6 years (AmbitionBox Estimate)	₹11.7 L/yr - ₹15 L/yr
7 years (AmbitionBox Estimate)	₹12.2 L/yr - ₹15.6 L/yr
8 years (AmbitionBox Estimate)	₹12.7 L/yr - ₹16.3 L/yr
9 years (AmbitionBox Estimate)	₹13.2 L/yr - ₹16.9 L/yr
10 years (AmbitionBox Estimate)	₹13.8 L/yr - ₹17.6 L/yr
11 years (AmbitionBox Estimate)	₹14.3 L/yr - ₹18.2 L/yr
12 years (AmbitionBox Estimate)	₹14.8 L/yr - ₹18.9 L/yr
13 years (AmbitionBox Estimate)	₹15.3 L/yr - ₹19.5 L/yr
14 years (AmbitionBox Estimate)	₹15.8 L/yr - ₹20.1 L/yr

View all

From

Product Manager

1 - 14 years exp.

Senior Product Manager

5 - 17 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Larsen & Toubro Limited

Project Manager Salary

(65 salaries)

₹12 L/yr - ₹40.3 L/yr

Deputy Manager Salary

(7 salaries)

₹11.1 L/yr - ₹17 L/yr

Production Manager Salary

(6 salaries)

₹12 L/yr - ₹23 L/yr

Senior Project Manager Salary

(4 salaries)

₹17 L/yr - ₹21.5 L/yr

Top skills at Larsen & Toubro Limited for Product Manager

Product Management Troubleshooting Automation Windows OS Shell Scripting Monitoring Python Data Extraction Solarwinds bfsi Competitor Analysis Alliances Engineering Management Product Life Cycle Management Blending

Salary related reviews for Larsen & Toubro Limited

4.3

Rated by 2 employees for salary & benefits

Program Manager in Coimbatore

Full Time

Engineering - Software & QA Department

1.0

• posted on 11 Dec 2024

1.0

for Salary and Benefits

Likes

Only salary on time

Dislikes

Works like a kindergarten school No r delayed promotion They Hold Variable component for 1 year Most of the salary component stuffed into variable High work pressure No work from home option

Salary - Bad

+6 more

Project Manager in New Delhi

Full Time

Project & Program Management Department

1.0

• posted on 30 Aug 2022

1.0

for Salary and Benefits

Likes

Salary gets credited on time. Job security.

Dislikes

...countability and processes not defined properly and due this blame game happens. Very low salary growth. Highly Biased appraisal. Not for MBAs. Good for engineering graduates

Salary - Bad

+5 more

Project Manager in Bangalore / Bengaluru

Full Time

Administration & Facilities Department

5.0

• posted on 21 Nov 2021

3.0

for Salary and Benefits

Likes

...ing workplace. Company is based on strong values. Employee welfare is top notch. Yes, compensation is less than market average but that's alright. Work life balance is unparalleled.

Skill development - Excellent

+4 more

Dislikes

Compensation: should match market standards. Rest all super. Amazing company. I love working here.

Project Manager in Thiruvananthapuram

Construction & Site Engineering Department

4.0

• posted on 25 Jun 2022

2.0

for Salary and Benefits

Likes

Safe work environment and job security.

Skill development - Excellent

+4 more

Dislikes

...d with other organisations in the same field even with sufficient experience....huge difference in salary structure between the people with same cadres..

Salary - Poor

+1 more

Project Manager in Chennai

Construction & Site Engineering Department

5.0

• posted on 17 Dec 2021

3.0

for Salary and Benefits

Likes

Job Security: Those who are really interested in job have a definite job security. Work culture: Well framed work culture to give better productivity maintaining safety & quality. Management: Overall yearly review, assessment and reward are average. Need to consider the assessment of Project Manager or Immediate supervisor. Company Policy: Policy of exit interview at different level are required before exit of staff. A sincere punishment is really better for the improvement of other staff. Policy like distributing the annual rewards throughout the year is better to retain the staff.

Skill development - Excellent

+5 more

Dislikes

...d as long as working good. Career growth is always there and well established. Timely salary without any delay. Delayed appraisal or unaccounted appraisal happening.

see more salary related reviews

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What people are saying about Larsen & Toubro Limited

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a legal consultant

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 Manager Salary FAQs

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

The average salary of a Product Manager at Larsen & Toubro Limited in Mumbai typically ranges from ₹6.1 Lakhs to ₹20.0 Lakhs per year, depending on experience (from 1 year to 14 years).

The top 10% of Product Manager in Mumbai at Larsen & Toubro Limited earn more than ₹19.8 Lakhs per year, and the top 1% earn over ₹20.0 Lakhs per year. Product 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 10+ Larsen & Toubro Limited employees in India.

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

The estimated take-home salary of a Product Manager at Larsen & Toubro Limited in Mumbai typically ranges from ₹96,981 to ₹99,604 per month. This is based on the average salary range of ₹6.1 Lakhs to ₹20.0 Lakhs per year for employees with experience ranging from 1 year to 14 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 10+ 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 Manager at Larsen & Toubro Limited in Mumbai?

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

- Product Management
- Troubleshooting
- Automation
- Windows OS
- Shell Scripting

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 Manager in India?

Saint-Gobain	₹11.0 Lakhs to ₹28.0 Lakhs per year
ICICI Bank	₹7.5 Lakhs to ₹27.0 Lakhs per year
Axis Bank	₹7.0 Lakhs to ₹28.7 Lakhs per year
HDFC Bank	₹7.0 Lakhs to ₹25.7 Lakhs per year
Kotak Mahindra Bank	₹6.9 Lakhs to ₹24.0 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.

How the salary growth look like for a Product Manager at Larsen & Toubro Limited in Mumbai?

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

Experience	Average Salary Range
1 year	₹7.0 Lakhs to ₹16.1 Lakhs per year
2 years	₹9.7 Lakhs to ₹12.4 Lakhs per year
3 years	₹10.2 Lakhs to ₹13.1 Lakhs per year
4 years	₹10.7 Lakhs to ₹13.7 Lakhs per year

and so on.

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Larsen & Toubro Limited Product Manager Salaries in Mumbai

Larsen & Toubro Limited Product Manager salary in Mumbai ranges between ₹6.1 Lakhs to ₹20 Lakhs with an average annual salary of ₹. Salary estimates are based on 14 Larsen & Toubro Limited latest salaries received from various employees of Larsen & Toubro Limited.