Laxmi Hydraulics R&D Engineer Salaries by 4 Employees

1 - 3 years exp.

₹2.3 Lakhs - ₹3.4 Lakhs

Salary of majority employees

72% less than the average R&D Engineer Salary in Industrial Machinery Companies for 1 - 3 years of experience

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Last Updated: 17 Mar 2023

Companies similar to Laxmi Hydraulics for R&D Engineer

Company name	Avg Annual Salary	Open Jobs
Maschio Gaspardo R&D Engineer Salary 2 - 6 years exp. (11 salaries)	₹3.2 L/yr - ₹5.9 L/yr 80% more
Bobst India R&D Engineer Salary 0 - 3 years exp. (3 salaries)	₹3 L/yr - ₹5.1 L/yr 67% more
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Toshiba R&D Engineer Salary 1 - 5 years exp. (3 salaries)	₹1.8 L/yr - ₹5.5 L/yr 16% more
Dassault Systemes R&D Engineer Salary 2 - 8 years exp. (618 salaries)	₹6.5 L/yr - ₹24.5 L/yr 447% more
Nokia R&D Engineer Salary 1 - 9 years exp. (463 salaries)	₹7 L/yr - ₹27 L/yr 496% more	1 job opening

R&D Engineer salary at Laxmi Hydraulics ranges between ₹2.3 Lakhs to ₹3.4 Lakhs per year for employees with experience between 1 year to 3 years. Salary estimates are based on 4 latest salaries received from various employees of Laxmi Hydraulics.

Experience wise Laxmi Hydraulics R&D Engineer salaries

Last Updated: 17 Mar 2023

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.4 L/yr - ₹4.8 L/yr
2 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹3.4 L/yr
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3 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹4.6 L/yr

Similar Designation salaries in Laxmi Hydraulics

Senior Engineer Salary

(13 salaries)

₹4.5 L/yr - ₹7.4 L/yr

Design Engineer Salary

(12 salaries)

₹2.55 L/yr - ₹5.5 L/yr

Junior Engineer Salary

(4 salaries)

₹3 L/yr - ₹3.8 L/yr

Project Engineer Salary

(AmbitionBox Estimate)

₹3.3 L/yr - ₹4.3 L/yr

Deputy Manager Salary

(6 salaries)

₹8.2 L/yr - ₹10.31 L/yr

Senior Design Engineer Salary

(4 salaries)

₹6 L/yr - ₹6.5 L/yr

Salary related reviews for Laxmi Hydraulics

Design Engineer in Solap

Engineering - Software & QA Department

2.0

• posted on 20 Jul 2021

2.0

for Salary and Benefits

Likes

Not good for mechanical engineers, don't join

Dislikes

No work life balance at all Not a good pay Not good skill development even dont use 3D software still living in 2D.... Just copy paste design for big MNCs After 2 years they keep you as trainee engineer Ask for 3 years of bond

Salary - Poor

+5 more

HR & Admin (Generalist / Operations / HR BP / HR Business Partner) in Solapur

Human Resources Department

5.0

• posted on 19 Aug 2020

4.0

for Salary and Benefits

Likes

Good work culture and teammates are supportive.salary on time 7th of every month. Apprisals and bonus are done regular every year.

Salary - Good

+4 more

Dislikes

Salary is decent but career growth is slow. Required more policies. Salary hike is low.

Marketing Executive in Kondi..

Sales & Marketing Department

1.0

• posted on 05 Sep 2022

1.0

for Salary and Benefits

Likes

Nothing

Dislikes

...ne except MD,. Once u resign, then u r treated like an enemy of Lhp management.. They dont give ur last month salary.. Also forget ur bonus and LTA amount.. Nk proper settlement procedure... Never join

Salary - Bad

+6 more

Senior Process Development Manager in Solapur

Full Time

Production, Manufacturing & Engineering Department

5.0

• posted on 08 Jun 2020

4.0

for Salary and Benefits

Likes

Process oriented company set all the best practices in the world. LHP is good example for the others for taking precautions during and after lockdown period of Covid 19.

Salary - Good

+5 more

Dislikes

Not leader ship culture in middle management .

Design Engineer in Solapur

Research & Development Department

5.0

• posted on 15 Dec 2018

3.0

for Salary and Benefits

Likes

I feel that working in this organization enhances the self confidence. LHPL mainly works for specialized motors, every day I find something new to learn and work and I never get tired due to the work load.

Skill development - Excellent

+3 more

see more salary related reviews

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Salary Discussions, Hike & Promotions

a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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Laxmi Hydraulics R&D Engineer Salary FAQs

What is the salary of R&D Engineer at Laxmi Hydraulics ?

The average salary of a R&D Engineer at Laxmi Hydraulics in India typically ranges from ₹2.3 Lakhs to ₹3.4 Lakhs per year, depending on experience (from 1 year to 3 years).

The top 10% of R&D Engineer at Laxmi Hydraulics earn more than ₹3.4 Lakhs per year, and the top 1% earn over ₹3.4 Lakhs per year. R&D Engineer Salaries at Laxmi Hydraulics 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 Laxmi Hydraulics employees in India.

What is the estimated take home salary of a R&D Engineer at Laxmi Hydraulics in India?

The estimated take-home salary of a R&D Engineer at Laxmi Hydraulics in India typically ranges from ₹18,435 to ₹20,122 per month. This is based on the average salary range of ₹2.3 Lakhs to ₹3.4 Lakhs per year for employees with experience ranging from 1 year to 3 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 Laxmi Hydraulics. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Laxmi Hydraulics for R&D Engineer in India?

Nokia	₹7.0 Lakhs to ₹27.0 Lakhs per year
Dassault Systemes	₹6.5 Lakhs to ₹24.5 Lakhs per year
Maschio Gaspardo	₹3.2 Lakhs to ₹5.9 Lakhs per year
Bobst India	₹3.0 Lakhs to ₹5.1 Lakhs per year
Toshiba	₹1.8 Lakhs to ₹5.5 Lakhs per year

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

How the salary growth look like for a R&D Engineer at Laxmi Hydraulics in India?

The salary growth for a R&D Engineer at Laxmi Hydraulics depends on factors such as experience, performance, and promotions. On average, a R&D Engineer can expect the following growth trajectory at Laxmi Hydraulics:

Experience	Average Salary Range
1 year	₹2.4 Lakhs to ₹4.8 Lakhs per year
2 years	₹2.3 Lakhs to ₹3.4 Lakhs per year
3 years	₹2.3 Lakhs to ₹4.6 Lakhs per year

and so on.

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Laxmi Hydraulics R&D Engineer Salaries

Laxmi Hydraulics R&D Engineer salary in India ranges between ₹2.3 Lakhs to ₹3.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Laxmi Hydraulics latest salaries received from various employees of Laxmi Hydraulics.