LGB Forge new Product Development Engineer Salaries by 6 Employees

0 - 6 years exp.

₹2.6 Lakhs - ₹4.8 Lakhs

Avg. annual salary

Monthly In-hand Salary

At par with the average new Product Development Engineer Salary in Industrial Machinery Companies for 0 - 6 years of experience

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Salaries in different departments

Procurement & Supply Chain new Product Development Engineer Salary 2 - 6 years exp. (3 salaries)	₹3.6 L/yr - ₹4.5 L/yr
Production, Manufacturing & Engineering new Product Development Engineer Salary Fresher (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.3 L/yr
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Research & Development new Product Development Engineer Salary 5 years exp. (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr

Last Updated: 11 Oct 2024

Companies similar to LGB Forge for new Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
INDO-MIM new Product Development Engineer Salary 0 - 4 years exp. (69 salaries)	₹2.7 L/yr - ₹5.5 L/yr 1% less
L.G.Balakrishnan & Bros new Product Development Engineer Salary 1 - 8 years exp. (42 salaries)	₹1.8 L/yr - ₹5 L/yr 18% less
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JBM Group new Product Development Engineer Salary 0 - 8 years exp. (34 salaries)	₹1.8 L/yr - ₹5.7 L/yr 8% less
Wadhokar new Product Development Engineer Salary 0 - 4 years exp. (28 salaries)	₹1.5 L/yr - ₹4 L/yr 39% less
Nash Industries new Product Development Engineer Salary 1 - 6 years exp. (27 salaries)	₹1.8 L/yr - ₹6 L/yr 17% more

new Product Development Engineer salary at LGB Forge ranges between ₹2.6 Lakhs to ₹4.8 Lakhs per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on 6 latest salaries received from various employees of LGB Forge.

Experience wise LGB Forge new Product Development Engineer salaries

Last Updated: 11 Oct 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹1.8 L/yr - ₹4.8 L/yr
1 year (AmbitionBox Estimate)	₹4 L/yr - ₹5.1 L/yr
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2 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹7.7 L/yr
3 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹7.3 L/yr
4 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.5 L/yr
5 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹4.1 L/yr
6 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹4.1 L/yr

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Similar Designation salaries in LGB Forge

Production Engineer Salary

(5 salaries)

₹2.4 L/yr - ₹4 L/yr

Product Engineer Salary

(AmbitionBox Estimate)

₹2 L/yr - ₹2.5 L/yr

Assistant Engineer Salary

(7 salaries)

₹2 L/yr - ₹3.3 L/yr

Production Manager Salary

(3 salaries)

₹8.3 L/yr - ₹10 L/yr

Design Engineer Salary

(7 salaries)

₹1.3 L/yr - ₹3 L/yr

Mechanical Engineer Salary

(3 salaries)

₹1.5 L/yr - ₹2 L/yr

Senior Engineer Salary

(10 salaries)

₹2.25 L/yr - ₹5.5 L/yr

Production Supervisor Salary

(16 salaries)

₹1.75 L/yr - ₹4 L/yr

NPD Engineer Salary

(5 salaries)

₹1.8 L/yr - ₹3.5 L/yr

Quality Engineer Salary

(11 salaries)

₹1.6 L/yr - ₹3 L/yr

Salary related reviews for LGB Forge

Assistant Accounts Manager in Coimbatore

Full Time

Finance & Accounting Department

1.0

• posted on 20 Apr 2022

1.0

for Salary and Benefits

Likes

If family depending your salary please look some where. COVID 19 holded salary Rs. 60,000/ No reply still from management. Family not depend your salary where a happy place to spend time with your Colleague.

Dislikes

Please look website

Salary - Bad

+5 more

HR Officer in Mysuru / Mysore

Human Resources Department

3.0

• posted on 18 Jan 2020

2.0

for Salary and Benefits

Likes

...his place however you can't focus on particular area in which you can excel... There is no pay as you work No scope for traveling As company works for 6 days in a week no proper work life balance

Dislikes

Upper management has to take some initiative to bring up the change in the organization so that can help the organisation to make its name bigger..

Salary - Poor

+3 more

Manager in Coimbatore

Quality Assurance Department

4.0

• posted on 19 Jun 2019

5.0

for Salary and Benefits

Likes

I had a wonderfull experience and good young energetic team mates.Salary and appraisal as per market standard.

Salary - Excellent

+6 more

Dislikes

Overall my view I had a wonderful experience and I am the decision authority and providing enough power.Work freedom also very fair.

Compliance Officer in Coimbatore

Full Time

Finance & Accounting Department

1.0

• posted on 09 Aug 2023

2.0

for Salary and Benefits

Likes

Nothing to mention.

Dislikes

Total waste. management won't believe the Key Managerial Personnel. But they believe and respect the words of Executives cadre peoples who are the actual rule creators instead of management. Management fears to question those peoples. Management will fraudulently see all the official email correspondence of all the employees. Those who are choosing to work here, are putting their career under high risk.

Salary - Poor

+6 more

Company Secretary And Compliance Officer in Coimbatore

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 06 Jul 2023

1.0

for Salary and Benefits

Likes

No Cooperation from the Managment and HR. Always one has to work under tremendous pressure.

Skill development - Excellent

Dislikes

Lack of understanding the Provisions of laws applicable to a listed Company on the part of Management hence compliances were done with a lot of difficulties. Lack of professionalism.

Salary - Bad

+5 more

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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LGB Forge new Product Development Engineer Salary FAQs

What is the salary of new Product Development Engineer at LGB Forge ?

The average salary of a new Product Development Engineer at LGB Forge in India typically ranges from ₹2.6 Lakhs to ₹4.8 Lakhs per year, depending on experience (from Fresher to 6 years).

The top 10% of new Product Development Engineer at LGB Forge earn more than ₹4.7 Lakhs per year, and the top 1% earn over ₹4.8 Lakhs per year. new Product Development Engineer Salaries at LGB Forge 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 6 LGB Forge employees in India.

What is the estimated take home salary of a new Product Development Engineer at LGB Forge in India?

The estimated take-home salary of a new Product Development Engineer at LGB Forge in India typically ranges from ₹30,118 to ₹31,431 per month. This is based on the average salary range of ₹2.6 Lakhs to ₹4.8 Lakhs per year for employees with experience ranging from Fresher to 6 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 6 salaries received from various employees of LGB Forge. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than LGB Forge for new Product Development Engineer in India?

Nash Industries

₹1.8 Lakhs to ₹6.0 Lakhs per year

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

What is the salary of a new Product Development Engineer in companies similar to LGB Forge in India?

The salary of a new Product Development Engineer at companies similar to LGB Forge in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

INDO-MIM	₹2.7 Lakhs to ₹5.5 Lakhs per year
JBM Group	₹1.8 Lakhs to ₹5.7 Lakhs per year
L.G.Balakrishnan & Bros	₹1.8 Lakhs to ₹5.0 Lakhs per year
Wadhokar	₹1.5 Lakhs to ₹4.0 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 new Product Development Engineer at LGB Forge in India?

The salary growth for a new Product Development Engineer at LGB Forge depends on factors such as experience, performance, and promotions. On average, a new Product Development Engineer can expect the following growth trajectory at LGB Forge:

Experience	Average Salary Range
Fresher	₹1.8 Lakhs to ₹4.8 Lakhs per year
1 year	₹4.0 Lakhs to ₹5.1 Lakhs per year
2 years	₹4.1 Lakhs to ₹7.7 Lakhs per year
3 years	₹4.1 Lakhs to ₹7.3 Lakhs per year

and so on.

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LGB Forge new Product Development Engineer Salaries

LGB Forge new Product Development Engineer salary in India ranges between ₹2.6 Lakhs to ₹4.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 LGB Forge latest salaries received from various employees of LGB Forge.