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L.G.Balakrishnan & Bros new Product Development Engineer salaries in Bangalore / Bengaluru

Annual salary range
1 - 8 years exp.
₹2.1 Lakhs - ₹5 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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23% less than the average new Product Development Engineer Salary in Auto Components Companies for 1 - 8 years of experience

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Salaries in different departments

Research & Development
new Product Development Engineer Salary
1 - 8 years exp. (6 salaries)
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₹2.1 L/yr - ₹5 L/yr

UX, Design & Architecture
new Product Development Engineer Salary
5 - 6 years exp. (AmbitionBox Estimate)
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₹3.6 L/yr - ₹3.9 L/yr

Last Updated: 25 Sep 2024

Companies similar to L.G.Balakrishnan & Bros for new Product Development Engineer in Bangalore / Bengaluru

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L.G.Balakrishnan & Bros new Product Development Engineer Salary

1 - 8 years exp. (8 salaries)

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₹2.1 L/yr - ₹5 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹2.7 L/yr - ₹5.5 L/yr

arrow icon 15% more
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₹1.8 L/yr - ₹6 L/yr

arrow icon 34% more
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₹2 L/yr - ₹9 L/yr

arrow icon 32% more
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₹2 L/yr - ₹6.1 L/yr

arrow icon 17% more
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₹3.8 L/yr - ₹5.5 L/yr

arrow icon 27% more
new Product Development Engineer salary at L.G.Balakrishnan & Bros ranges between ₹2.1 Lakhs to ₹5 Lakhs per year for employees with experience between 1 year to 8 years. Salary estimates are based on 8 latest salaries received from various employees of L.G.Balakrishnan & Bros.

Latest annual salaries shared by L.G.Balakrishnan & Bros new Product Development Engineer in Bangalore / Bengaluru

6mo ago
₹3.6 Lakhs
6 years exp.
10mo ago
₹3.6 Lakhs
5 years exp.

Experience wise L.G.Balakrishnan & Bros new Product Development Engineer salaries in Bangalore / Bengaluru

Last Updated: 25 Sep 2024

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹2.9 L/yr - ₹3.6 L/yr
2 years (AmbitionBox Estimate)

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₹2.9 L/yr - ₹3.7 L/yr
3 years (AmbitionBox Estimate)

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₹3 L/yr - ₹3.8 L/yr
4 years (AmbitionBox Estimate)

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₹3.1 L/yr - ₹3.9 L/yr
5 years (AmbitionBox Estimate)

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₹3.1 L/yr - ₹4 L/yr
View all

Similar Designation salaries in L.G.Balakrishnan & Bros

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₹2.5 L/yr - ₹5.49 L/yr

Salary related reviews for L.G.Balakrishnan & Bros

Full Time

 · 

Quality Assurance Department

2.0
  •  posted on 29 Jun 2022

1.0
 for  Salary and Benefits

Likes

As a quality engineer, I'll get more time free than production department

Dislikes

Worst canteen foods . Management nepotism. No good salary hike. Frustrated environment. Security guard also behave like the partners of the company. No respect given for engineers. You can't learn anything from your HODs because they don't have knowledge about their own respective field. Not able to work if you are a enginner and seeking the best salary , because they don't consider you are a professional degree holder rather than they will treat you like casual labour. Finally this company is not fitted for the professional engineers and you can't learn anything from that company. No free transport provided.

read more
  • Salary - Bad
  • +6 more

Full Time

 · 

Production, Manufacturing & Engineering Department

4.0
  •  posted on 27 Mar 2021

4.0
 for  Salary and Benefits

Likes

...nagement is transparent. There is a huge cafeteria and gaming policies are good.appraidals are fair and they give good salary hike and bonus every year.

read more
  • Salary - Good
  • +5 more

Dislikes

No

Engineering - Software & QA Department

4.0
  •  posted on 18 Jan 2022

1.0
 for  Salary and Benefits

Likes

Good work and culture.teammayes are supportive and the management is transparent.vompany policies are good,appraisals are fair and they give good salary and bonus every year

read more
  • Job security - Excellent

Dislikes

There are sometimes politics,salary good but career growth is slow.there is a contract bond 2 year before which you cannot resign.

read more
  • Salary - Bad
  • +1 more

Production, Manufacturing & Engineering Department

4.0
  •  posted on 07 Feb 2018

4.0
 for  Salary and Benefits

Likes

The company is helpful for self development, high quality products. We work happily in collaboration.

  • Salary - Good
  • +6 more

Dislikes

Compensation is decent, but growth is slow. The work pressure is very high. I have to work 12 - 14 hours straight in a day.

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Full Time

 · 

Finance & Accounting Department

2.0
  •  posted on 11 Aug 2022

2.0
 for  Salary and Benefits

Likes

You can do your personal work by changing your shifts if the department head allows you. Remaining all the things could not be write in this like section. If I write those things over here, that will against to my conscience.

read more

Dislikes

...as an yearly increment. As a staff you will get increment upto ₹1000 - 2500. Then, they hold some percentage of money from your salary every month and gives you back as Diwali bonus. You need to pay money to food, biscuits& safety shoes. If you come to the company by car, strictly you need to park your vehicle out of the compound. They don't even gives you cleaning essentials (soap) to wash your hands even though you are working in oil.

read more
  • Salary - Poor
  • +5 more
see more salary related reviews

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L.G.Balakrishnan & Bros new Product Development Engineer Salary FAQs

What is the salary of new Product Development Engineer at L.G.Balakrishnan & Bros in Bangalore / Bengaluru?
The average salary of a new Product Development Engineer at L.G.Balakrishnan & Bros in Bangalore / Bengaluru typically ranges from ₹2.1 Lakhs to ₹5.0 Lakhs per year, depending on experience (from 1 year to 8 years).

The top 10% of new Product Development Engineer in Bangalore / Bengaluru at L.G.Balakrishnan & Bros earn more than ₹4.6 Lakhs per year, and the top 1% earn over ₹5.0 Lakhs per year. new Product Development Engineer Salaries at L.G.Balakrishnan & Bros 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 8 L.G.Balakrishnan & Bros employees in India.
What is the estimated take home salary of a new Product Development Engineer at L.G.Balakrishnan & Bros in Bangalore / Bengaluru?
The estimated take-home salary of a new Product Development Engineer at L.G.Balakrishnan & Bros in Bangalore / Bengaluru typically ranges from ₹25,020 to ₹26,458 per month. This is based on the average salary range of ₹2.1 Lakhs to ₹5.0 Lakhs per year for employees with experience ranging from 1 year 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 8 salaries received from various employees of L.G.Balakrishnan & Bros. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than L.G.Balakrishnan & Bros for new Product Development Engineer in India?
Nash Industries ₹1.8 Lakhs to ₹6.0 Lakhs per year
Hical Technologies ₹2.0 Lakhs to ₹9.0 Lakhs per year
Sansera Engineering ₹3.8 Lakhs to ₹5.5 Lakhs per year
Veer-O-- Metals ₹2.0 Lakhs to ₹6.1 Lakhs per year
INDO-MIM ₹2.7 Lakhs to ₹5.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by L.G.Balakrishnan & Bros, depending on the role and experience level.
How the salary growth look like for a new Product Development Engineer at L.G.Balakrishnan & Bros in Bangalore / Bengaluru?
The salary growth for a new Product Development Engineer at L.G.Balakrishnan & Bros in Bangalore / Bengaluru depends on factors such as experience, performance, and promotions. On average, a new Product Development Engineer in Bangalore / Bengaluru can expect the following growth trajectory at L.G.Balakrishnan & Bros:

Experience Average Salary Range
1 year ₹2.9 Lakhs to ₹3.6 Lakhs per year
2 years ₹2.9 Lakhs to ₹3.7 Lakhs per year
3 years ₹3.0 Lakhs to ₹3.8 Lakhs per year
4 years ₹3.1 Lakhs to ₹3.9 Lakhs per year
and so on.

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L.G.Balakrishnan & Bros new Product Development Engineer salary in Bangalore / Bengaluru ranges between ₹2.1 Lakhs to ₹5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 8 L.G.Balakrishnan & Bros latest salaries received from various employees of L.G.Balakrishnan & Bros.